Podcasts about Chevron

P.M. Edition for July 31. ExxonMobil and Chevron had a blockbuster quarter after the Iran war disrupted energy markets. Journal reporter Collin Eaton discusses the historic refining margins they're enjoying. Plus, America's lettuce growers are facing a steep decline in sales because of the cyclospora outbreak. As WSJ's Amira McKee explains, that's forcing some to make some tough choices about what to do with their current crops. And Apple saw a record decline in market cap after the iPhone maker's disappointing outlook. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Plus: Nuclear company Westinghouse Electric has confidentially filed for an IPO. And New York sues Kalshi, saying the company is running an illegal gambling operation. Alex Ossola hosts. Sign up for WSJ's free What's News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

David Faber and Jim Cramer led off the show with reaction to the latest mega-tech earnings: Amazon shares surged on quarterly results boosted by cloud growth, while Apple shares sank on guidance that disappointed investors — and overshadowed a Q3 beat in Tim Cook's final earnings report as Apple CEO. Chevron CEO Mike Wirth joined the program to discuss oil prices and his company's biggest quarterly profit in at least six years. Also in focus: David's update on AI investor Leopold Aschenbrenner and the unwinding of many of his hedge fund's trades, the high-flying stocks that took a major hit in July, Samsung and SK Hynix shares soar and propel South Korea's Kospi to an 18% gain, Microsoft's record-breaking one-day market cap gain.   Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Story of the Week (DR):Cracker Barrel CEO is out after MAGA backlash to "Uncle Herschel" logo change MMBefore Julie Masino was brought in, Cracker Barrel was facing a slow-moving existential crisis:Their primary core customer base (older generations and rural highway travelers) was naturally shrinking, and younger diners were simply not replacing them.Kitchen tech, supply chains, and digital ordering lag behind competitors like Texas Roadhouse or Olive Garden.Some great fake populism from Fox: Cracker Barrel to pay for outgoing CEO's security, $4.6M severance after failed rebrandCracker Barrel names David Deno CEOBurger KingYum! Brands and Pizza Hut for 15 years, including serving as CFO and COO.Quiznos CEO.Best Buy: Served as President of Asia and CFO for Best Buy's International DivisionBloomin' Brands for 12 years: CEO, CFO and Chief Administrative OfficerOutback Steakhouse, Carrabba's Italian Grill, and Bonefish GrillBoard MembershipsCracker Barrel Old Country Store (2016-)Panera Brands (2024-): Audit Committee ChairKrispy Kreme (2016-)Bloomin' Brands (2019–2024)Peet's Coffee (2006-2012)Macalester College: Former Chair of the Board of Trustees (1998-2022).From Cracker Barrel to Boeing, Companies Are Turning to Retired CEOsThese retired CEOs are being hired to be "fixers." They are brought in to cut costs, repair supply chains, restore investor confidence, and act as a stabilizing force rather than reinventing the brand.Exxon and Chevron profits surge on rising oil prices due to Iran warChevron posted its highest profit in six years as the Iran war boosted oil pricesBig Oil Is Getting Sued for Heat Deaths. It's Fighting Back With an Army of Immunity LawsMore than a decade after investigations found that Exxon Mobil had known about the dangers of global warming since the 1970s but publicly downplayed the threat, lawsuits against oil companies have proliferated. There are nearly 40 of these cases pending across the countryIn the meantime, the industry has been mobilizing a counterattack against the lawsuits with the help of the Trump administration and Republican politicians.Republicans are trying to pass laws to grant oil majors immunity to these kinds of lawsuits, with success in several states so far.Utah, Iowa, Tennessee, Oklahoma, and Louisiana have recently signed laws shielding fossil fuel companies from lawsuits related to greenhouse gas emissionsOil executives have also gotten help from the federal government, following an executive order from President Donald Trump last year directing the attorney general to prioritize blocking climate lawsuits by states.This May, the Justice Department responded to Minnesota's climate lawsuit against Big Oil with a lawsuit of its own, just as the state's case was moving into the discovery phase. It said Minnesota was undermining “American energy dominance” and attempting to regulate greenhouse gases, which should fall under the purview of federal law—echoing the oil industry's well-known argument.Elon Musk Is Quietly Turning to This Fossil Fuel to Power His AI AmbitionsSam Altman Announces That the Singularity Has Arrived: a hypothetical future point in time when technological growth becomes autonomous, uncontrollable, and irreversible, fundamentally transforming human civilization“We are now, like, in the singularity ... Now we're actually in the moment that we used to talk about at the lunch table in a very not-serious way ...I've been waiting for this my whole life, and I think it's going to be incredible, hugely positive, awesome for the world.”Sam Altman says one of his biggest fears is that a small number of companies will control AI: 'That'd be very, very bad'Sam Altman says the Hugging Face hack is a reminder that an AI power monopoly could lead to 'long-term disaster'OpenAI says its rogue AI tried to hack other companiesMark Zuckerberg is urging the U.S. to accelerate AI development, not restrict it'No Way to Stop It': Elon Musk Warns Humans Will Lose Control of AI and Face Extinction by 2036Microsoft CEO Warns That Companies Embracing AI Could Drive Themselves Out of BusinessAI hackers are getting faster. The government may not be readyAnthropic says its Claude models 'gained unauthorized access' to other organizations' systemsAnthropic says its models went rogue and hacked 3 companies during testing'It Will Happen Frequently': Musk Warns of Rogue AI Threat After Anthropic Breached Three FirmsElon Musk Commits Up to $120M to Republican Midterms: Sets Feud With Trump Aside for Major Election PushGoodliest of the Week (MM/DR):DR: Gen Z women are having an entrepreneurship boomOf all women who started businesses in 2025, 47% of Gen Z women did so, compared with 38% the previous year. Gen Xers followed close behind at 46%. Then came millennials at 43% and baby boomers at just 23%.Overall, in 2025, 69% of new Black-owned businesses were started by women. The survey also found that women business owners are less likely than their male counterparts to depend on AIMM: Delaware judge rules public benefit corporations exempt from maximizing value in sale DRFiduciary duty is different - OpenAI, AnthropicAssholiest of the Week (MM):Fake man apologies MM‘I'm sorry ... but': Apologetic Alan Joyce tells his side of the Qantas storyJoyce has expressed some regret“So with the information we had at the time, I still don't think there was any other decision you could make,”“Hindsight is a great thing.”“I'm actually very, very proud of the fact that I'm not sitting here and apologising for Qantas going bankrupt, [something] that many airlines around the world did,”Australian Competition and Consumer Commission fined Qantas $120 million for selling tickets for 8000 already cancelled flights“I apologise for the angst that was generated [for] the customers on it, but the reality was we had 22 million bookings in the system [and] the system wasn't designed to do an automatic refund,”“Stop us!”More than 1,200 AI workers across Anthropic, DeepMind, OpenAI, and Meta are asking for Washington's help building an AI slowdown plan‘No Way to Stop It': Elon Musk Warns Humans Will Lose Control of AI and Face Extinction by 2036Elon Musk's new 5-year warning to Americans: AI will beat human brains by 2032 (then go wild). Get rich or get crushed?Sam Altman says the Hugging Face hack is a reminder that an AI power monopoly could lead to 'long-term disaster'It Will Happen Frequently': Musk Warns of Rogue AI Threat After Anthropic Breached Three FirmsBut also, DON'T stop us, obviously…Palantir CEO warns US against Europe's AI regulation path, urges Trump admin to not ban open modelsElon Musk's xAI sues Minnesota over law to ban 'nudify' appsMark Zuckerberg is urging the U.S. to accelerate AI development, not restrict itElon Musk Commits Up to $120M to Republican Midterms: Sets Feud With Trump Aside for Major Election PushIgnoring boardsHims & Hers mission:“Hims & Hers is the leading health and wellness platform on a mission to help the world feel great through the power of better health. We believe how you feel in your body and mind transforms how you show up in life. That's why we're building a future where nothing stands in the way of harnessing this power. Hims & Hers normalizes health & wellness challenges—and innovates on their solutions—to make feeling happy and healthy easy to achieve. No two people are the same, so the Company provides access to personalized care designed for results.”Hims & Hers board:CEO: Andrew Dudum, tech VC bro investor “serial entrepreneur” with deep health experience from Bungalow (airBnB knockoff in the UK), Homebound (a “homebuilding platform”), TalkIQ (an AI startup, duh), and Terminal (something about scaling engineering?)TWO directors from DoorDash (Kofi Amoo-Gottfried from Marketing, previously of Facebook, and Christopher Payne the COO, previously of eBay, MSFT, and Amazon)TWO pharma execs (one lawyer, Deb Autor, one with an econ degree, Kare Schultz)One guy from Netflix (David Wells) and one lady from Urban Outfitters (marketing/brand, Andrea Perez) and one pure law firm lawyer (Anja Manuel)ONE DOCTOR EXCLUSIVE: US FTC sues Hims & Hers for sending user health info to Meta, SnapUsers' sensitive health information was shared with online advertising companies including Meta ​Platforms and Snap despite the company leading customers to believe their ​data was private, the FTC alleged in the lawsuit filed along with Los ⁠Angeles County and Utah.Hims & Hers also started charging users for prescriptions before ​they have ⁠had a chance to meet with healthcare providers, the FTC alleged. Most customers do not receive a consultation with a provider, and instead are charged for ⁠prescriptions ​soon after filling out an intake form, ​according to the agency.Headliniest of the WeekDR: CEO apologizes for offering interviews to people who got tattoos of his AI company logoSan Francisco tech CEO Jordan Zietz, co-founder of an early stage AI startup called LemonLime. Stanford grad.“LemonLime learns your business and then automates your team's busywork in a single click, no coding or manual setup required.”Former Qantas CEO reflects on tenure, issues apology to passengers over post COVID chaos AND ‘I'm sorry ... but': Apologetic Alan Joyce tells his side of the Qantas storyMM: Amazon received $600 million in tariff refunds and will pass some back to customersMM: Trump Staff Cuts Blamed After Watermarked OpenAI Map Mislabels Africa at AIDS ConferenceIt's the fact that we have less staff that meant we couldn't bother to figure out which country was whichWho Won the Week?DR: Kohls: For getting some much-needed female influence on board: Kohl's Appoints Wendy Arlin as Chair of the BoardCurrently only 2: Robbin Mitchell (7%) and Wendy Arlin (1%)John Schlifske (27%) stepping downMM: The phrase “not due to any disagreement with the Company”Anne Sweeney Resigns From Netflix BoardOn July 26, 2026, Anne Sweeney notified Netflix, Inc. (the “Company”) that she was resigning from the Board of Directors of the Company effective as of that date. Ms. Sweeney's resignation is not due to any disagreement with the Company1,660 8-Ks in the last 5 years have the exact phrase “not due to any disagreement with the Company”So we're saying that 1,660 c-suite and board members resigned in 5 years - more than 300 per year - and NONE were due to a disagreement with the companies? That's only THAT phrase - no other details are given for most of them except occasionally:To pursue another jobPersonal reasonsFor scale, in the last 5 years, the term “was due to a disagreement with the Company” appears… 5 timesPredictionsDR: Qantas CEO Vanessa Hudson apologizes that it took former CEO Alan Joyce to apologize for something she already apologized for despite not being CEO when any of it happenedMM: Damion resigns from Free Float due to a disagreement with the zero dollars he gets paid, but Free Float puts out a statement saying it's “not due to any salary reason related to the company”

US President Donald Trump announces deal to disarm Hamas. American oil giants Exxon Mobil and Chevron reported surging second-quarter profits as conflict with Iran drives up global fuel prices. At least 34 people are dead after thousands swam from Morocco into the Spanish territory of Ceuta. Japan quake deaths rise to 35. Wildfires rage near Bordeaux in France and across the border into Spain, thousands evacuated. Statistics Canada says real GDP grew 0-point-3 percent in May, marking a second straight month of economic expansion. Ranchers in British Columbia are worried a new water order will risk their feed crops and increase their bills.

Ellen Wald talks about Exxon Mobil's (XOM) strong refinery turnaround and Chevron's (CVX) earnings beat, explaining what drove the oil giants' latest results. She also discusses why energy companies are staying disciplined with spending and what investors should watch in the oil market going forward.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Stewart Glickman breaks down the latest earnings from Exxon Mobil (XOM) and Chevron (CVX), highlighting how both companies remain focused on dividends and buybacks despite differing quarterly results. He explains why Chevron's execution earned a stronger market response and discusses how lean balance sheets could help both energy giants maintain shareholder returns even if oil prices weaken.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

The US and Israel are considering a land blockade of Iran to increase economic pressure, senior Israeli sources told The Telegraph. The plan could involve urging neighbouring countries and regional partners to restrict border crossings and trade.Iran's IRGC said two offending tankers were hit and stopped, and four offending tankers quickly changed course. Additionally, the IRGC said the Strait of Hormuz is closed, and any transit and movement will be possible only with the coordination of the IRGC Navy. BoJ kept rates unchanged at 1.00%, as expected, through an 8-1 vote, with board member Takata the dissenter who proposed a 25bps rate hike. Little move seen in Japanese assets following the announcement and Governor Ueda press conference. US equity futures are firmer, with Amazon surging pre-market (+12%) after reporting faster AWS growth.Fixed income benchmarks are mixed and way off best levels as energy prices rebound following recent reporting of a land blockade and hit tankers (Brent +0.3%).Looking ahead, highlights include Canadian GDP (May), US University of Michigan Final (Jul). Speakers include BoE's Pill, Fed's Hammack, Logan & Kashkari. Earnings from AbbVie & Chevron. Scope Ratings update on Switzerland.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US Treasury Secretary Bessent said the yen has substantially overshot equilibrium and the US views excess yen volatility as unhealthy, while he added that the yen is very undervalued and that Japan may have intervened in currency markets on Thursday.Nikkei sources said Japan's government and BoJ intervened in the FX market yesterday by buying yen and selling dollars, while desks conducted rate checks.BoJ kept rates unchanged at 1.00%, as expected, through an 8-1 vote, with board member Takata the dissenter who proposed a 25bps rate hike; little move in Japanese assets on the announcement.After-hours US earnings saw Amazon (AMZN) rise almost 10% whilst Apple (AAPL) fell over 6%.APAC stocks were mostly higher following the tech-inspired momentum stateside; European equity futures indicate a positive cash market open with Euro Stoxx 50 futures up 0.8%.Looking ahead, highlights include French/Italian/EU Inflation Flash (Jul), German Unemployment Rate (Jul), Canadian GDP (May), US University of Michigan Final (Jul). Speakers include BoJ Governor Ueda, BoE's Pill, Fed's Hammack, Logan & Kashkari. Earnings from AbbVie, Chevron, Credit Agricole & NatWest. Scope Ratings update on Switzerland rating.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Die Wall Street startet freundlich in den Freitag, mit dem Nasdaq aber unter den Tageshochs. Nach der kräftigen Erholung vom Donnerstag setzen Anleger weiter auf eine Stabilisierung der KI-Aktien. Auslöser ist zum einen die Entspannung rund um den Hedgefonds Situational Awareness, dessen Portfoliotransaktionen zuletzt als wesentlicher Treiber der massiven Verkäufe im KI-Sektor galten, zum anderen eine überzeugende Zahlenflut aus dem Technologiesektor. Im Mittelpunkt steht Amazon. Der Konzern steigerte den Umsatz um 20 Prozent, das Cloud-Geschäft AWS wuchs um beeindruckende 37 Prozent, das stärkste Wachstum seit 18 Quartalen, und die operative Marge erreichte außergewöhnlich hohe 39,4 Prozent. Gleichzeitig zeigt sich jedoch die Kehrseite des KI-Booms: Der freie Cashflow rutschte auf minus 9 Milliarden US-Dollar, während die Investitionen in KI-Infrastruktur auf rund 220 Milliarden US-Dollar erhöht werden. Apple legte zwar bessere Quartalszahlen als erwartet vor, belastete die Börse jedoch mit einem schwächeren Ausblick. Vor allem das Dienstleistungsgeschäft sowie das China-Geschäft blieben hinter den Erwartungen zurück, während das Management für das laufende Quartal auf Lieferengpässe und Währungseffekte verwies. Makroseitig richtet sich der Blick heute auf den Arbeitskostenindex, den Einkaufsmanagerindex aus Chicago sowie das endgültige Verbrauchervertrauen der Universität Michigan. International sorgen die überraschend restriktiven Signale der Bank of Japan, schwache chinesische Einkaufsmanagerindizes und eine leicht über den Erwartungen liegende Kerninflation in der Eurozone für zusätzliche Aufmerksamkeit. Unter den weiteren Unternehmenszahlen überzeugen Chevron, Reddit, Eaton, MasTec und DexCom mit starken Ergebnissen und teils angehobenen Prognosen. Coinbase und Roblox enttäuschen dagegen mit schwächeren Geschäftszahlen und einem verhaltenen Ausblick. Abonniere den Podcast, um keine Folge zu verpassen! ____ Folge uns, um auf dem Laufenden zu bleiben: • X: http://fal.cn/SQtwitter • LinkedIn: http://fal.cn/SQlinkedin • Instagram: http://fal.cn/SQInstagram

Werbung | Handelsblatt mit 50% Rabatt: Sichert euch jetzt für 12 Monate vollen Zugriff auf alle digitalen Inhalte des Handelsblatts mit 50% Rabatt. Alle Infos zum Angebot findet ihr unter: www.handelsblatt.com/rabatt50 Die Wall Street startet freundlich in den Freitag, mit dem Nasdaq aber unter den Tageshochs. Nach der kräftigen Erholung vom Donnerstag setzen Anleger weiter auf eine Stabilisierung der KI-Aktien. Auslöser ist zum einen die Entspannung rund um den Hedgefonds Situational Awareness, dessen Portfoliotransaktionen zuletzt als wesentlicher Treiber der massiven Verkäufe im KI-Sektor galten, zum anderen eine überzeugende Zahlenflut aus dem Technologiesektor. Im Mittelpunkt steht Amazon. Der Konzern steigerte den Umsatz um 20 Prozent, das Cloud-Geschäft AWS wuchs um beeindruckende 37 Prozent, das stärkste Wachstum seit 18 Quartalen, und die operative Marge erreichte außergewöhnlich hohe 39,4 Prozent. Gleichzeitig zeigt sich jedoch die Kehrseite des KI-Booms: Der freie Cashflow rutschte auf minus 9 Milliarden US-Dollar, während die Investitionen in KI-Infrastruktur auf rund 220 Milliarden US-Dollar erhöht werden. Apple legte zwar bessere Quartalszahlen als erwartet vor, belastete die Börse jedoch mit einem schwächeren Ausblick. Vor allem das Dienstleistungsgeschäft sowie das China-Geschäft blieben hinter den Erwartungen zurück, während das Management für das laufende Quartal auf Lieferengpässe und Währungseffekte verwies. Makroseitig richtet sich der Blick heute auf den Arbeitskostenindex, den Einkaufsmanagerindex aus Chicago sowie das endgültige Verbrauchervertrauen der Universität Michigan. International sorgen die überraschend restriktiven Signale der Bank of Japan, schwache chinesische Einkaufsmanagerindizes und eine leicht über den Erwartungen liegende Kerninflation in der Eurozone für zusätzliche Aufmerksamkeit. Unter den weiteren Unternehmenszahlen überzeugen Chevron, Reddit, Eaton, MasTec und DexCom mit starken Ergebnissen und teils angehobenen Prognosen. Coinbase und Roblox enttäuschen dagegen mit schwächeren Geschäftszahlen und einem verhaltenen Ausblick. Ein Podcast - featured by Handelsblatt. ► Erhalte einen exklusiven 15% Rabatt auf Saily eSIM Datentarife! Lade die Saily-App herunter und benutze den Code wallstreet beim Bezahlen: https://saily.com/wallstreet * ► Entdecke den exklusiven NordVPN Deal! Jetzt risikofrei testen mit einer 30-Tage-Geld-zurück-Garantie: https://nordvpn.com/wallstreet * ► Direkt an der Börse handeln mit tradegate.direct: https://bit.ly/WallStreet_Juni * +++ Alle Rabattcodes und Infos zu unseren Werbepartnern findet ihr hier: https://linktr.ee/wallstreet_podcast +++ Impressum: https://www.360wallstreet.de/impressum *Werbung

This episode we are joined by Mr. Don Streu - CEO of Condor Energies - a TSX listed energy company with a market cap of ~$300 million. Mr. Streu has over 37 years experience in the oil and gas industry including 22 years with Chevron working in Angola, Indonesia, Nigeria, Canada and the United States. Mr. Streu was the asset manager of Angola's first deepwater production: a 100,000 bopd operation that went from discovery to first oil in only 30 months. As Chevron Indonesia's Planning Manager, Mr. Streu was responsible for developing strategic and tactical plans for an organization producing in excess of 350,000 bopd. Mr. Streu was also the Asset Manager for Chevron Nigeria Limited, managing the entire offshore production of 250,000 bopd. He has been the President and CEO of Condor since September 2008. Mr. Streu is currently the Honorary Consul of the Republic of Kazakhstan for Alberta. He is also a Board Director for Tethys Petroleum Ltd, a TSX-V listed oil and gas company. Among other things we learned about 85 TCF: Building Central Asia's 1st LNG. Enjoy.Newsletter: Subscribe HereThank you to our sponsors.Without their support this episode would not be possible:Connate Water SolutionsATB Capital Markets-*This podcast is for informational and educational purposes only, and is not intended as investment advice. Please do your own research, and consult professionals directly before making any investment decisions.Support the show

A.M. Edition for July 27. President Trump calls off a major escalation of strikes against Iran, amid efforts to revive diplomacy with Tehran and a debate over America's declining munitions stockpiles. Plus, Nvidia is in talks to provide a roughly $250 billion financial backstop for OpenAI to lease a massive data center project in Ohio. And WSJ tech reporter Amrith Ramkumar explains how dual lobbying efforts from Apple and Micron are putting the Trump administration in the center of a fight over access to Chinese memory chips. Luke Vargas hosts. Sign up for the WSJ's free What's News newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

A century-old tech company just took a gut punch from Wall Street. A century-old oil giant hasn't had an exciting headline in years. Ten years from now, which one do you actually want to own?In this episode, Greg takes the long view on two very different dividend payers. The first is IBM ($IBM), a stock that ran from the low $200s to a high near $325 over the past year as its quantum computing story caught fire. It then dropped back to around $205 after disappointing contract delays spooked the market. Greg walks through why the selloff isn't the end of the story: IBM's debt has improved, revenue is growing again after years of stagnation, and at roughly 17 times earnings, he argues investors are no longer paying for the quantum computing option.The second is Chevron ($CVX), a stock with none of IBM's drama and, in Greg's view, almost all of the certainty. Diversified across exploration, refining, and chemicals, with a dividend track record that held even when oil prices went negative in 2020, Chevron represents a different kind of long-term bet. It's not a call option on a breakthrough, but a compounding cash flow machine that is also a quiet beneficiary of AI.Two very different companies, one shared idea: real wealth is built by holding through the boring years, not by chasing the exciting ones.TOPICS COVERED[00:41] Introduction: Two Long-Term Stories, Two Different Bets [03:04] IBM ($IBM): From Story Stock to Speed Bump [04:47] Inside IBM's Business: Software, Consulting, and Red Hat [08:41] The Quantum Computing Bet Behind the Stock [13:44] IBM's 10-Year Dividend Growth Math [16:24] Chevron ($CVX): The Cash Flow Machine [18:17] Chevron's Dividend Track Record and Financial Strength [20:40] Diversification: Upstream, Downstream, and Chemicals [21:15] Chevron as a Natural Gas and AI Play [23:49] Why Chevron Over Exxon ($XOM)? [25:45] Two Long Views, One Lesson in Patience [28:02] Final Takeaway: It's All About the Waiting ________ 

Remediation of small parcel finalized at former Texaco site After asking for feedback during a public meeting in January, the state Department of Environmental Conservation estimates it will cost the property owner $115,000 to decontaminate a 0.67-acre parcel at the former Texaco Research Center site outside of Beacon. The DEC released plans on Wednesday (July 22) to remediate OU-3, the smallest of nine parcels, or "operable units," that make up the 153-acre, Chevron-owned site, now known as Glenham Mills. OU-3, a wooded plot north of Washington Avenue with no structures, is the first parcel to receive a finalized remediation plan. The primary contaminants are semi-volatile organic compounds from an ash pile. The plan includes excavation, in some areas, to 6 inches below the surface; importing clean backfill; implementing an air-monitoring plan during ground-intrusive activities; and creating a site management plan. OU-3 is expected to become suitable for residential use, the state said. Texaco purchased the land in 1931, building a complex to research and develop petroleum products. Over seven decades, chemical dumping left the grounds and Fishkill Creek, which divides the property, heavily polluted. Chevron, which merged with Texaco in 2003, has submitted proposals to the DEC to clean the other eight parcels, including one considered most attractive for development, a 93-acre segment south of Washington and Fishkill Creek known as the Back 93, which Texaco used for worker recreation. The company has been trying to sell Glenham Mills since 2020. It is zoned for offices, laboratories and industrial or manufacturing uses.

Gordon Chang and Victoria Coates continue: China benefits from discounted Iranian oil but views the regime's economic instability as a "bad debt." Simultaneously, Saudi Arabia is deepening its partnership with the U.S. through a landmark nuclear cooperation deal. Iraq has also signaled a shift toward Washington, signing $60 billion in energy deals with American companies like Chevron. While Russia seeks to sell extra capacity to Asia, Ukrainian strikes on refineries may hinder Putin's ability to remain a reliable energy supplier. (4)1945 TOKYO STATION

SCHEDULE FOR THE JOHN BATCHELOR SHOW, 7-22-2026.1740 BATAVIA MASSACREGordon Chang and Rick Fisher examine Xi Jinping's introduction of the World Artificial Intelligence Cooperation Organization (WAICO), designed to establish Chinese dominance in setting global AI rules. Headquartered in Shanghai, the group aims to make international partners dependent on Chinese technology while promoting anti-democratic values. Meanwhile, China's economy is struggling, with real growth potentially near zero. Despite manufacturing strengths, China remains vulnerable due to a critical lack of high-end Nvidia chips required for advanced AI development. (1)Gordon Chang and Peter Huessy discuss the Democratic Socialists of America (DSA) bill to drastically reduce the U.S. nuclear triad, including cutting ICBMs from 400 to 150. Supported by Senators Bernie Sanders and Elizabeth Warren, the plan effectively promotes unilateral disarmament. Critics argue this trashes the concept of nuclear deterrence just as China and Russia expand their arsenals. Furthermore, there is a widespread "miseducation" of Americans regarding the necessity of a modernized nuclear deterrent. (2)Gordon Chang and Victoria Coates report that Iran has activated the Houthis to attack the Bab el-Mandeb strait, a critical choke point for Saudi Arabian oil exports. This escalation has pushed oil prices past $95 as the Houthis use Iranian-supplied missiles and drones to harass shipping. While the House of Saud is targeted, internal frictions between Saudi Arabia and the UAE complicate a unified regional response. The conflict represents a major humanitarian and economic disaster for global commerce. (3)Gordon Chang and Victoria Coates continue: China benefits from discounted Iranian oil but views the regime's economic instability as a "bad debt." Simultaneously, Saudi Arabia is deepening its partnership with the U.S. through a landmark nuclear cooperation deal. Iraq has also signaled a shift toward Washington, signing $60 billion in energy deals with American companies like Chevron. While Russia seeks to sell extra capacity to Asia, Ukrainian strikes on refineries may hinder Putin's ability to remain a reliable energy supplier. (4)Peter Earle traces how the word "trillion" entered the economic lexicon in 1981 when the U.S. passed $1 trillion in public debt. Today, the U.S. national debt approaches $40 trillion, with annual interest payments exceeding $1 trillion. Unlike 19th-century millionaires who faced high risks, modern trillion-dollar figures are often a product of government monetary expansion. We have entered "Trillionstan," where massive quantities of money are common, yet their long-term significance is often overlooked by the public. (5)Peter Earle argues that not all trillions are equal; some represent genuine wealth creation, such as SpaceX's $2 trillion valuation based on future technological potential. However, inflation and government borrowing have also inflated nominal values, potentially leading to a fiscal reckoning. If creditors lose faith in U.S. debt, the government may be forced to print more money, further devaluing the currency. Maintaining prosperity requires ensuring that economic forces focus on creating new wealth rather than merely redistributing it. (6)Henry Sokolski warns that the Trump administration's nuclear deal with Saudi Arabia allows the kingdom to enrich uranium, a process that can easily be diverted for bomb-making. Saudi Arabia has rejected the "additional protocol" for rigorous UN inspections, raising concerns about their true intentions. This "black box" arrangement lacks sufficient safeguards to prevent a rapid diversion of nuclear materials. Critics warn that providing enrichment technology to an ally involved in regional warfare is inherently delusional and dangerous. (7)Henry Sokolski continues: the Saudi nuclear deal could trigger a proliferation race, with nations like Egypt, Turkey, and the UAE demanding similar enrichment rights. Furthermore, allies such as South Korea and Poland may reconsider their own nuclear ambitions if they view American security guarantees as insufficient. Proliferation is no longer "old news" but a growing threat as nations seek their own deterrents. The result is a destabilized global order where multiple states hover on the verge of nuclear weapon status. (8)Michael Bernstam explains how Ukrainian drone strikes have destroyed 30% of Russia's refining capacity, causing the "crack spread"—the profit margin for refining oil—to triple worldwide. While Russia exports crude, it now suffers from severe domestic shortages of gasoline and jet fuel. Consequently, Russia is forced to buy back its own refined oil from India at premium prices. Putin has been "hoist on his own petard," creating a global energy weapon that has ultimately turned against the Russian economy. (9)Michael Bernstam reports that Ukrainian drones recently destroyed major distribution hubs for Wildberries, the Russian equivalent of Amazon, causing $2 billion in damage. These strikes have devastated small businesses and middle-class consumers, fueling internal resentment against the Kremlin. Simultaneously, 18 local Russian officials signed a petition calling for Putin's resignation as economic conditions worsen. The loss of consumer infrastructure and rising fuel costs are creating a constituency for ending the war to prevent a total economic collapse. (10)Bob Zimmerman reports that SpaceX is preparing for its 13th Starship flight, a prototype featuring major upgrades for future orbital missions and in-orbit refueling. In India, the startup Skyroot achieved a landmark success with the Vikram-1 rocket, signaling the rise of a private, capitalist space sector. However, the Indian government has counterproductively restricted ISRO employees from leaving for private firms. These contrasting approaches highlight the tension between state-run agencies and the efficiency of private enterprise in the global space race. (11)Bob Zimmerman surveys new discoveries: astronomers have detected a helium atmosphere on a terrestrial exoplanet located 48 light-years away in its star's habitable zone. Closer to home, archival data from Pluto reveals massive landslides, proving the dwarf planet is geologically active rather than dormant. Meanwhile, new images of Valles Marineris on Mars illustrate the canyon's staggering scale, with depths equivalent to the height of Mount McKinley. These discoveries emphasize that planetary bodies across our solar system are dynamic and evolving. (12)Simon Constable notes European energy prices are skyrocketing, with Brent crude hitting $95 and natural gas up 47% in a single month. In France, a heatwave and suspicious forest fires have added environmental stress to the economic crisis. A political movement in the U.S. is targeting data centers for their high energy consumption, which now exceeds 4% of usage. Surprisingly, the United Kingdom hosts the second-highest number of data centers globally, despite its historical association with "Luddite" skepticism. (13)Simon Constable observes that new British Prime Minister Andy Burnham faces immediate skepticism, with polls indicating nearly half of voters feel his government lacks direction. Burnham's focus on domestic issues like capping bus prices is criticized as a "tax and spend" policy that might alienate the wealthy. While he has emphasized national security, his early days have been defined by local populist initiatives. Critics worry his leadership style mimics a "Lord Mayor" rather than a strategic global prime minister. (14)Brandy Shufutinsky details how Qatar has provided extensive grants for Arabic language and culture programs in U.S.K-12 schools. These programs often utilize textbooks that omit Israel from maps and glorify extremist ideologies. Qatar Foundation International (QFI) even funds teacher salaries and work visas, raising concerns about who these educators truly report to. This funding creates a "pipeline" from elementary school to higher education, potentially instilling foreign-influenced perspectives in future generations of American citizens. (15)Conrad Black argues that Canada's economic growth has stalled due to high corporate taxes and "climate alarmist" policies under the Trudeau government. He suggests that new leadership under Mark Carney could revitalize the nation by making it more tax-competitive with the U.S. Canada's vast resources and skilled workforce provide the potential for a rapid rebound. For Canada to succeed, it must pivot back to pro-capitalist policies and attract foreign investment to drive future growth. (16)Two spelling corrections applied: Peter Earle (5, 6 — transcribed as "Pete Earl"; the AIER economist) and Brandy Shufutinsky (15 — transcribed as "Shubatinsky"). Both added to the log unless you'd prefer otherwise.

Trump wants $95 billion more for his Iran war while oil giants cash in — and DNI pick Jay Clayton confesses to victimizing Epstein's victims. In this episode: • Hegseth testifies war money runs dry by August 1 — demands $87 to $95 billion more on top of a nearly $1 trillion budget • Hegseth admits $37.7 billion already spent, then warns we're low on ammo on camera • US bombing hits civilian desalination systems — 10,000 Iranians without drinking water • Oil near $90 a barrel, gas near $4 — Chevron, Exxon, ConocoPhillips feast while Hormuz stays shut • Jay Clayton clears committee 9–8 for Director of National Intelligence after he spilled Epstein victims' names, addresses, and photos • Clayton won't say Biden won 2020 — and shrugs at Tulsi helping seize Fulton County ballots • Tillis and Cornyn freeze Todd Blanche's Attorney General path after Epstein survivor meeting left victims more traumatized • Cornyn holds Kari Lake and Mastriano ambassadorships hostage over PEPFAR AIDS funding — Lancet warns 14 million dead if cuts stand, one third children • Ed Martin's pardon office ignores nearly 6,000 pleas for clemency so he can free Trump donors and Clean Air Act polluters • Sunny Hostin's Harvard grad son handcuffed jogging in New Rochelle Key figures covered: Donald Trump, Pete Hegseth, Jay Clayton, Todd Blanche, Thom Tillis, Jon Cornyn, Kari Lake, Ed Martin, Kash Patel, Chelsi "Sunny" Hostin Subscribe for live shows Sunday, Tuesday, and Thursday at 6:05 PM Eastern. Recorded live on the David Feldman Show July 21, 2026 #IranWar #EpsteinFiles #ToddBlanche #PeteHegseth #Trump #JayClayton #PEPFAR #WarSupplemental #OilPrices #DavidFeldmanShow

This Day in Legal History: The Senate Rejects Court-PackingOn July 22, 1937, the United States Senate rejected President Franklin D. Roosevelt's plan to reorganize—critics said “pack”—the Supreme Court, voting 70 to 20 to send the bill to a quiet death. It was a stinging defeat for a president at the height of his popularity, delivered by his own party, and it settled a constitutional question that still shapes how we think about the independence of the judiciary.The background was a collision between the New Deal and the Court. Through the mid-1930s, a conservative majority on the Supreme Court had struck down key pieces of Roosevelt's economic program as unconstitutional. Frustrated after his landslide 1936 reelection, FDR proposed legislation that would have let him appoint a new justice for every sitting justice over the age of seventy—which, not coincidentally, would have allowed him to add up to six new justices and swamp the opposition. He framed it as a matter of efficiency and helping overworked elderly judges, but nobody was fooled; it was a naked attempt to change the Court's decisions by changing its membership.The plan backfired, and the reasons are the lesson. Even senators who supported the New Deal recoiled at the precedent—if this president could enlarge the Court to get the rulings he wanted, so could the next one, and the Court's independence would become a fiction. Meanwhile, the Court itself defused the crisis: in the spring of 1937, Justice Owen Roberts began voting to uphold New Deal legislation, the famous “switch in time that saved nine,” which took some of the urgency out of FDR's demand. The significance of July 22, 1937 is that it established a durable, if unwritten, constitutional norm—that the size of the Supreme Court is essentially off-limits as a tool for a president to overpower rulings he dislikes. The number nine isn't in the Constitution, but the bipartisan rebuke of court-packing helped make it feel almost as if it were.An analysis of the closely watched lawsuit by Meta employees over AI-driven layoffs highlights a hard truth: even when workers suspect an algorithm decided their fate, proving it is enormously difficult. To recap, 26 current and former Meta employees sued, alleging the company's internal AI tools flagged them for termination because they have disabilities or took protected medical, parental, or family leave. Their theory is mechanically specific: because tools like the “Metamate” system scored employees partly on data such as keystroke activity, workers who were lawfully out on leave generated fewer data points and were disproportionately ranked as low-value. Meta cut roughly 8,000 people—about ten percent of its workforce—and says humans, not machines, made the decisions. Here's why these cases are so hard to win. Anti-discrimination law generally requires the worker to show the employer's decision was tainted by a protected characteristic, but the employee usually has almost no visibility into how the AI actually worked—the models, the training data, and the weighting are the company's closely held secrets. On top of that, many employees have signed arbitration agreements, funneling their claims out of open court and into a private process that's harder to see into and to appeal. The significance is that this appears to be the first case of its kind against a major U.S. company, and it exposes a growing gap: as employers hand more consequential decisions to opaque algorithms, the legal tools workers have to challenge those decisions—built for an era of human managers—may not be up to the job of proving what the machine did.Analysis: Meta employees' lawsuit shows that if AI fires you, proving it is the hard part | ReutersA split panel of the D.C. Circuit has struck down a long-standing National Labor Relations Board doctrine that protected unions after a business changes hands, ruling that it conflicts with federal labor law. The doctrine at issue is the “successor bar,” and it works like this: when a company is acquired and a new employer takes over, that employer generally cannot challenge or withdraw recognition from the existing union for a reasonable period—about six months—giving the union and workers a window of stability to bargain with their new boss. The court held that this Board-created rule isn't consistent with the National Labor Relations Act. What makes this ruling bigger than one labor doctrine is the tool the court used to get there. The decision applies the Supreme Court's 2024 Loper Bright ruling, which overturned the decades-old Chevron doctrine and ended the requirement that courts defer to a federal agency's reasonable interpretation of an ambiguous statute. Without that deference, the D.C. Circuit felt free to substitute its own reading of the labor law for the NLRB's. This is exactly the dynamic I wrote about in my Bloomberg column last week in the tax context—the death of Chevron doesn't erase statutory ambiguity, it just moves the power to resolve it from agencies to courts. The significance is that we're now watching that shift play out across the administrative state: settled agency doctrines, some decades old, are suddenly vulnerable to being reinterpreted by judges, and here the immediate losers are unions and the workers who counted on a bargaining foothold after a merger.US court says longstanding NLRB rule on post-merger union bargaining is invalid | ReutersA federal judge has temporarily blocked the administration from stripping work authorization from tens of thousands of asylum seekers and immigrants with Temporary Protected Status. U.S. District Judge Nathaniel Gorton in Boston sided with a coalition of immigrant-rights groups and labor unions, halting U.S. Citizenship and Immigration Services from moving ahead with a set of policies while he weighs a longer-term pause; he said he'll rule by August 5. Here's the stakes and the legal frame. A work permit—formally, an employment authorization document—is what lets many immigrants lawfully hold a job while their asylum case or protected status is pending. Yanking it doesn't just threaten deportation down the line; it immediately jeopardizes people's livelihoods and their employers' workforces. The contested policies were designed to implement immigration restrictions Congress enacted last year as part of the administration's signature tax-and-spending law, the One Big Beautiful Bill Act. The plaintiffs argue USCIS is implementing those provisions in ways that exceed what the law allows and skip required procedures. A temporary block like this one preserves the status quo—keeping people employed—while the court decides whether the government followed the rules. The significance connects to a theme we keep returning to: courts serving as a check on how fast and how far the executive can move in reshaping immigration, insisting that even policies rooted in a real act of Congress still have to be implemented lawfully and with proper process.US judge blocks Trump administration from stripping immigrants of work permits | ReutersAnd finally, in my column for Bloomberg Tax this week, I dig into a self-inflicted mess in California: lawmakers scrambling to rework a business tax-credit cap that they apparently didn't realize would kneecap Hollywood film studios. My core argument is that California is directionally right to resist subsidy bidding wars, but wrong to rewrite the economics of credits it has already issued after companies have started relying on them.Here's what happened. Since 2024, California has capped the total tax reduction a business can take from all its credits at $5 million a year. That cap was set to expire after 2026—right as productions were going to start claiming credits under a newly expanded film incentive the state had just touted as a centerpiece of keeping film jobs in California. Instead, a bill called SB 122 extended the $5 million limit through 2029 and then converts it to the greater of $5 million or 70% of taxes owed. The part that really gets me is the admission underneath it: lawmakers passed a $351.7 billion budget without apparently understanding how this cap would interact with the film credit they'd just enlarged. As one assemblymember candidly put it, “I'm not sure who knew what about what.” It looks like the cap was really aimed at large research-and-development credit stockpiles, and film credits just got caught in the crossfire.My argument is that the distinction between prospective and retroactive matters enormously here. It's one thing for California to decide, going forward, that future subsidies will be smaller or conditioned—that's legitimate fiscal discipline, and I don't think Hollywood should get to dictate tax policy just by threatening to decamp to Georgia. But it's another thing entirely to change the timing and practical value of credits after studios have already committed workers, facilities, and financing in reliance on the old rules. When a state does that, it makes itself a less credible counterparty, and it quietly reduces the value of every future incentive it offers, because businesses will start discounting California's promises for legislative risk. So my prescription is targeted: protect the film credits already awarded under the prior rules, keep a real limit on the big accumulated R&D credits that were the actual target, and replace the blunt across-the-board cap with rules tailored to how these very different credits actually work. California doesn't have to choose between fiscal discipline and keeping its word—its tax policy can be skeptical, but its promises should still mean something.California's Business Tax Credit Cap Needs More Targeted Changes | Bloomberg Tax This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

Why is Rachel Imeinu buried on the road—outside Chevron, the resting place of the Avos and Imahos? And why is it specifically her weeping that brings Klal Yisrael home from exile?In this shiur, delivered at Kever Rachel to the campers of Sdei Chemed, we explore the story of Rachel Imeinu through the lens of Internal Family Systems—IFS.When pain feels too overwhelming or foreign to our essential self, we exile it. We then develop protective parts: anger protects us from feeling weak, ambition protects us from feeling like failures, and criticism protects us from confronting our own wounds. The inner exile mirrors the exile of Klal Yisrael.Rachel represents the compassionate presence that can meet the parts of ourselves we have pushed away. Her tears do not erase the pain. They create enough safety for us to feel it, reintegrate it, and return home.

Oil is up, China is buying again, and America's energy future is at a crossroads. In this episode, we tackle eight stories that matter: geopolitical chaos driving Brent above $90, the SPR disaster, Halliburton's shale boom, the AI data center power crisis, and why the Trump administration is reshaping energy policy. This is the energy news you can't afford to miss.1. Oil Market Volatility & Geopolitical TensionsThe podcast opens with oil prices surging above $90/barrel for Brent crude, driven by attacks in Kuwait, tanker incidents in the Strait of Hormuz, and renewed U.S.-Iran tensions. The Houthis are also active in the Red Sea, creating additional supply chain disruptions. Analysts are predicting higher oil prices for longer, with crack spreads at historic highs.2. U.S. Oil & Gas Production StrengthHalliburton reports positive outlook for North American shale activity in 2026. The U.S. has reached a record 13.586 million barrels per day in 2025, with enhanced oil recovery and the Permian Basin continuing to thrive. Natural gas exports and LNG are highlighted as critical economic drivers.3. Strategic Petroleum Reserve (SPR) CrisisThe Biden administration's mismanagement of the SPR is heavily criticized—including massive drawdowns without refill (180-300 million barrels), wasted taxpayer dollars on damaged equipment, and aging infrastructure. The GAO warns of "looming operational limitations," and the host emphasizes the need to refill the SPR given current geopolitical risks.4. Data Center & AI Power Demand ExplosionData centers are on track to consume up to 20% of U.S. electricity by 2035 due to AI growth—a 4-5x increase from current levels. However, grid transmission bottlenecks are a major constraint; the U.S. needs 5,000 miles of new high-voltage transmission lines annually but has only added 392 in the last two years.5. UK North Sea Energy PolicyThe incoming UK Prime Minister is signaling support for North Sea oil and gas projects (Jack Draw gas field, Rosbank oil field), though the host expresses skepticism about bureaucratic obstacles. The irony is highlighted: the UK imports Norwegian gas while sitting on untapped North Sea reserves.6. Iraq's Oil Export StrategyIraq is shipping 4 million barrels per day via 1,400 tanker trucks daily—a forced paradigm shift due to geopolitical constraints. Iraqi oil companies are also partnering with Chevron, ExxonMobil, and ConocoPhillips to capture flared gas, reducing Iraq's reliance on imported energy.7. Trump Administration Energy Policy & Climate Research AccountabilityPresident Trump has ordered a suspension and potential debarment of officials tied to fraudulent climate research. The host criticizes the "false climate narrative" and argues for an "all of the above" energy approach (coal, natural gas, nuclear) until technology allows full transition to renewables.8. Federal Energy Subsidies & SpendingIn fiscal year 2025, federal subsidies and tax expenditures totaled $64.1 billion, with renewables, EVs, and efficiency capturing 90% ($57.9-58 billion), while fossil fuels received only $2.6 billion. The host distinguishes between subsidies and tax incentives.1.Brent Tops $90 as Tanker Hit in Strait of Hormuz Amid Escalating US-Iran Tensions — Is “Higher for Longer” Here to Stay?2.Halliburton Sees Improvement in North American Activity in 20263.US Strategic Petroleum Reserve Sites Left Inoperable Under Biden Administration — Trump and Energy Secretary Wright Race to Fix the Damage4.Data Center Growth on Track to Absorb a Fifth of US Power Use by 2035: Nuclear Had Better Be Implemented Before We Get There5.U.S. Needs 5,000 Miles of New High-Voltage Lines Annually — It Only Built 3926.New UK Prime Minister Set to Back North Sea Oil and Gas Projects7.Thousands of Tanker Trucks Haul Iraq's Oil to Secure Revenue: A Forced but Strategic Paradigm Shift8.President Trump Orders a Review of the Green Graft and False Research ProvidedCheck the articles on https://theenergynewsbeat.substack.com/A shout-out to Steve Reese and the Reese Energy Consulting group for sponsoring the Podcast https://reeseenergyconsulting.com/.Data2 if you have any business systems, can you trust A? Well, they have the patent on validation. . https://data2.zoholandingpage.com/energyAnd we have WellDatabase rolling in as a new sponsor. https://welldatabase.com/

Welcome to The Daily Wrap Up, an in-depth investigatory show dedicated to bringing you the most relevant independent news, as we see it, from the last 24 hours (7/20/26). As always, take the information discussed in the video below and research it for yourself, and come to your own conclusions. Anyone telling you what the truth is, or claiming they have the answer, is likely leading you astray, for one reason or another. Stay Vigilant. !function(r,u,m,b,l,e){r._Rumble=b,r[b]||(r[b]=function(){(r[b]._=r[b]._||[]).push(arguments);if(r[b]._.length==1){l=u.createElement(m),e=u.getElementsByTagName(m)[0],l.async=1,l.src="https://rumble.com/embedJS/u2q643"+(arguments[1].video?'.'+arguments[1].video:'')+"/?url="+encodeURIComponent(location.href)+"&args="+encodeURIComponent(JSON.stringify([].slice.apply(arguments))),e.parentNode.insertBefore(l,e)}})}(window, document, "script", "Rumble");   Rumble("play", {"video":"v7aual6","div":"rumble_v7aual6"}); Source Links (In Chronological Order): (9) Barchart on X: "U.S. Debt now exceeds 100% of GDP for the first time since World War 2

The short answer is no, the Chevron-Iraq deal won't solve the problem. So why did the U.S.-based energy company sign a vague, preliminary deal to negotiate a pipeline that circumvents the Strait of Hormuz? It's another sign that energy firms expect the war with Iran to drag on. Also in this episode: Talent managers represent more social media influencers as sponsored content spending grows, a food critic delivers the history of iconic Las Vegas buffets, and the U.S. experiences a fun shortage.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.Read the stories in today's episode:Inflation is softening. Can it last with war and tariffs?Chevron seeks new route to transport oil from IraqThe professionals behind that sponcon on your feedThe economics behind America's fun shortageThe Las Vegas buffet, from 1946 to today

The short answer is no, the Chevron-Iraq deal won't solve the problem. So why did the U.S.-based energy company sign a vague, preliminary deal to negotiate a pipeline that circumvents the Strait of Hormuz? It's another sign that energy firms expect the war with Iran to drag on. Also in this episode: Talent managers represent more social media influencers as sponsored content spending grows, a food critic delivers the history of iconic Las Vegas buffets, and the U.S. experiences a fun shortage.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.Read the stories in today's episode:Inflation is softening. Can it last with war and tariffs?Chevron seeks new route to transport oil from IraqThe professionals behind that sponcon on your feedThe economics behind America's fun shortageThe Las Vegas buffet, from 1946 to today

Brett Crowther examines a market losing momentum as the S&P 500 (SPX) remains trapped in a symmetrical triangle pattern. He highlights Chevron's (CVX) bullish breakout as a sign of strength in the energy sector, while Qualcomm (QCOM) continues to struggle amid semiconductor weakness, down 34% from its all-time high and forming a bearish head-and-shoulders pattern.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Welcome to the Energy News Beat Standup, where host Stu Turley breaks down the 10 biggest energy stories reshaping global markets. In this episode, we dive into a world in flux: Russia's refining capacity is crumbling under Ukrainian drone strikes, Iraq is suspending exports and seeking independence from Iranian energy, and new pipeline projects are being fast-tracked to bypass the Strait of Hormuz. Meanwhile, back home, data centers are driving unprecedented energy demand, New York is doubling down on restrictive policies while Texas and Virginia race ahead, and grid vulnerabilities are becoming impossible to ignore. From geopolitical disruptions to emerging security threats—including rumors of Iranian drones in Cuba—this episode explores how energy markets are rebalancing, how new trading blocs are forming, and why now is the time to prepare for what's coming next.1. Global Oil Market RebalancingThe podcast opens with discussion of how the global oil market is undergoing significant rebalancing due to geopolitical disruptions, particularly Russia's degraded refining capacity from Ukrainian drone strikes. Russia's refining capacity has been slashed to 39 million barrels per day, forcing a shift in global trade dynamics.2. Russia's Refining Crisis & Ukraine's Drone CampaignA major focus is Ukraine's successful drone campaign against Russian refineries. Ukraine has struck over 24 of Russia's 34 major refineries, and all of Russia's major refineries are now within reach of Ukrainian drones. This has fundamentally changed how the war is being fought and has disrupted global energy supplies.3. Iraq's Energy Independence & Export ChallengesIraq has suspended crude loading at all export terminals (impacting 4 million barrels per day). The discussion covers Iraq's negotiations with major oil companies like Exxon and Chevron, and efforts to become energy independent from Iran by developing domestic natural gas instead of importing it.4. Strategic Pipeline Development & Hormuz BypassGoldman Sachs projects that new pipelines could divert 45% of Strait of Hormuz oil by 2027 and 60% by 2028. This reflects global efforts to circumvent potential disruptions at this critical chokepoint, which is bad news for Iran's economic recovery.5. Canada's Shale Gas RenaissanceLong-dormant shale gas reservoirs in Alberta are being revitalized through oil plays, particularly in the Basal Belly River Formation. This represents a significant opportunity for Canadian energy production.6. Data Center Energy Demands & New York's MoratoriumNew York has imposed its first moratorium on data centers (affecting only 5 facilities), which the host criticizes as "virtual signaling." The discussion contrasts New York's restrictive energy policies with other states like Texas, Virginia, and Georgia that are attracting data centers due to better energy availability and lower costs.7. Grid Resilience & Security ThreatsThe podcast warns about potential grid vulnerabilities, citing Exelon's CEO prediction that Americans could face blackouts as soon as 2027. There's also concern about 136 Iranian drones rumored to be in Cuba that could potentially target U.S. grid infrastructure in Florida.8. Energy Market Prices & Investment OutlookThe episode concludes with current market prices (WTI crude at $82.72, Brent at $88.77, natural gas at $2.91) and emphasizes the importance of energy awareness and personal preparedness for potential emergencies.Check the articles on https://theenergynewsbeat.substack.com/A shout-out to Steve Reese and the Reese Energy Consulting group for sponsoring the Podcast https://reeseenergyconsulting.com/.Data2 if you have any business systems, can you trust A? Well, they have the patent on validation. . https://data2.zoholandingpage.com/energyAnd we have WellDatabase rolling in as a new sponsor. https://welldatabase.com/

P.M. Edition for July 16. A new regulation from the Trump administration will cap student visas to a maximum of four years, and require extensions to stay longer. Journal immigration reporter Michelle Hackman gets into how big a change this is and what students—and U.S. companies—will be most affected. Plus, Chevron says it plans to explore how to help Iraqi oil bypass the Strait of Hormuz. And a new report from the Pew Charitable Trusts shows that debt collectors took more debtors to court last year. We hear from WSJ economics reporter Dan Frosch about what that suggests about the health of the U.S. consumer. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

We cover Justice Gorsuch's Concurring Opinion for the Court today Episode 18 of this deep dive as we continue the Loper Bright Enterprises v. Raimondo (2024) decision that overruled Chevron (1984), Justice Gorsuch's concurring Opinion for the Court. We go from p. 8 letter C of the slip opinion through the entirety of p. 14, Roman Numeral II letter B to the cusp of B.1 starting on page 15 of Gorsuch's concurrence slip opinion. If you want to follow along, there's a link below. This is the 18th Chevron Deference Deep Dive episode we've done on TRP podcast since winter 2024. And here it is Summer 2026. https://www.supremecourt.gov/opinions/23pdf/22-451_7m58.pdf (603 U.S. _____ (2024) of the Opinion of the Court written by Chief Justice Roberts. This episode includes a Chaplain's corner reading Psalm 5 in the King James Version and Streams in the Desert February 1st (Cowman Publications, Lost Feliz Station Lost Angeles 1925 original non-woke edition). The Republican Professor is a pro-correctly-articulating-separation-of-powers podcast. Donate a gift to keep the podcast going on Venmo at-sign no space TheRepublicanProfessor or https://buymeacoffee.com/lucasj.mather Warmly, Lucas J. Mather, Ph.D. The Republican Professor Podcast The Republican Professor Newsletter on Substack https://therepublicanprofessor.substack.com/ https://www.therepublicanprofessor.com/podcast/ https://www.therepublicanprofessor.com/articles/ YouTube channel: https://www.youtube.com/@TheRepublicanProfessor Facebook: https://www.facebook.com/TheRepublicanProfessor Twitter: @RepublicanProf Instagram: @the_republican_professor

You’re listening to American Ground Radio with Stephen Parr and Louis R. Avallone. This is the full show for July 14, 2026. We open with the Democratic Socialists of America's national co-chair going on record calling for the abolition of the United States Senate — and we explain why this isn't a fringe idea anymore. The DSA wants to replace the Senate, the presidency, and the Supreme Court with a single legislative body allocated purely by population, rename it the People's Bureau, and hand it public ownership of the nation's largest corporations. We walk through what that actually means — that seven or eight major cities could effectively govern the entire country, that the constitutional protections for smaller states would vanish, and that the structure they're proposing is the same one that produced the Third Reich, the Soviet Union, and Communist China. We also note that 51% of the DSA's National Policy Committee openly identifies with communism, Marxism, or Marxist-Leninism — not according to conservative critics, but according to a report cited by the former Democratic chief counsel for the House Judiciary Committee. The Democratic Party needs to decide whether it is going to continue letting these people run under its banner. In our Top 3 Things You Need to Know, President Trump formally notified Congress that hostilities with Iran have resumed — opening a new 60-day window under the War Powers Act after Iran repeatedly violated the ceasefire and continued attacking civilian shipping in the Strait of Hormuz. Then inflation dropped from 4.2% to 3.5% last month — the largest single-month decrease in four years — driven largely by falling gas prices during the ceasefire, with core inflation down to 2.6%. And Justices Elena Kagan and Amy Coney Barrett testified jointly before Congress requesting increased security funding — with Barrett revealing that six weeks ago her teenage son opened the front door to find their street filled with police cars responding to a swatting attack on their home. We also weigh in on President Trump's signature appearing on the new $100 bill as part of America's 250th anniversary commemoration — and we have a genuine disagreement about it. It's a milestone that comes once in a nation's history and deserves recognition. But putting a sitting president's name on currency in circulation is outside American tradition, starts to look like the kind of thing emperors and monarchs do, and gives his critics an easy target that's hard to defend. Our American Mama Teri Netterville makes the case that moms are still better matchmakers than any dating app ever invented — and backs it up with evidence. Three couples she personally set up are now married, including her own daughter Summer and Louisiana Tech baseball captain Phillip Matulia, whom Teri identified as the right match before her daughter was even willing to consider it. She also shares the story of Andrea Swift — Taylor's mother — who heard that Travis Kelce loves his mother, said ding ding ding, and the rest is history. Terry's conclusion: we know our children. Apps know your data. There's a difference. In our Digging Deep segment, a Fort Worth police officer threatened street preachers Richard Pankoski and David Grisham with disorderly conduct citations at a Pride parade — telling them directly that if someone is offended by their talking, that constitutes a problem warranting a citation. We explain why this is not a close constitutional question. The First Amendment does not exist to protect popular speech. It exists precisely to protect the kind of speech that offends people. The Fort Worth police chief acknowledged the officers were wrong — but we push back on his framing. They weren't wrong in the manner they addressed it. They were wrong to address it at all. Religious speech enjoys the same constitutional protection as secular speech. If marchers get to publicly celebrate what scripture calls sin, preachers get to publicly call it sin. We then turn to Zoran Mamdani's New York City — where Manhattan's average one-bedroom rent has hit an all-time high of nearly $5,500 a month and Brooklyn is setting its own records, with critics calling the housing situation DEFCON 1. We connect it directly to Mamdani's rent freeze threats, which gave every landlord in the city a powerful incentive to raise rents before the freeze could take effect, and to congestion pricing, which is now making it financially attractive to live inside Manhattan rather than commute — driving up rents from the demand side. The left created this crisis with its own policies and is now running on those same policies as the solution. For our Bright Spot, President Trump and Iraqi Prime Minister Ali al-Zaidi announced that U.S. troops will be out of Iraq by September 30th — ending a 23-year military presence that peaked at 170,000 troops and is now down to roughly 2,000. We also cover Iraq signing new oil deals with Chevron and other American companies to build pipelines running from Iraq through Turkey to Europe — bypassing the Strait of Hormuz entirely — which would permanently reduce Iranian leverage over global energy markets. And we close with 28-year-old Rishi Sharma, who at 18 became curious about World War II, interviewed one veteran, then another, then another, until curiosity became an obsession — and he has now spent every single day of the last ten years interviewing veterans of the Greatest Generation, preserving 3,000 firsthand accounts of American history on hard drives and SD cards before those voices are gone forever. May your pursuit of happiness bring you joy. Listen now wherever you get your podcasts, visit AmericanGroundRadio.com, and join the conversation at 866-AGR-1776!See omnystudio.com/listener for privacy information.

This Day in Legal History: The Sedition Act of 1798On July 14, 1798, Congress passed the Sedition Act, the most notorious of the four laws known collectively as the Alien and Sedition Acts. The Sedition Act made it a federal crime to write, print, utter, or publish “any false, scandalous and malicious writing” against the government of the United States, the Congress, or the President—with the intent to defame them or bring them into disrepute. In plain terms, it criminalized criticism of the government.The context was a Federalist administration, under President John Adams, gripped by fear of France and of domestic dissent, and eager to silence the opposition press aligned with Thomas Jefferson's Republicans. And that's exactly how it was used. Federal prosecutors went after Republican newspaper editors and even a sitting congressman, securing convictions for the crime of harsh political speech. Notably, the Act was written to expire in 1801—conveniently, the moment Adams's term would end—so that it could be wielded against his critics but would not outlive his own hold on power.The reaction was fierce and consequential. Jefferson and James Madison drafted the Kentucky and Virginia Resolutions arguing the Act was unconstitutional, and the ensuing backlash helped sweep Jefferson into the presidency in 1800; once in office, he pardoned those convicted under it. The Sedition Act was never tested at the Supreme Court, but history rendered its verdict. More than a century and a half later, in New York Times v. Sullivan, the Court looked back and declared that the Act's assault on free expression had been repudiated “in the court of history,” using it as a touchstone for modern First Amendment law. The lesson of July 14, 1798 endures: laws that punish criticism of the government are almost always tools of the powerful against their critics—and a free press is most necessary precisely when the state would prefer it silent.Federal prosecutors have issued subpoenas seeking to compel four New York Times journalists to testify before a Manhattan grand jury, part of a leak investigation into the paper's reporting on security concerns surrounding President Trump's flight on the new Qatari-donated Air Force One. Federal agents delivered some of the subpoenas to the reporters' homes. Here's the legal terrain. There is no absolute federal reporter's privilege—the Supreme Court held decades ago that the First Amendment doesn't categorically shield journalists from grand jury subpoenas—but the Justice Department has long operated under internal guidelines that made going after reporters a last resort. Those guardrails matter here, because in 2025 Attorney General Pam Bondi rescinded the Biden-era policy that had sharply limited subpoenas against journalists, restoring broader authority to pursue them. The Times says it will fight, and can ask a court to quash the subpoenas as overbroad, issued in bad faith, or violating the First Amendment. The significance is the pressure this puts on newsgathering: when the government can subpoena reporters to unmask their sources, sources stop talking, and the kind of national-security reporting at issue here gets harder to do. Press-freedom groups warn this administration has reached for subpoenas and search warrants against journalists—at the Times, the Post, and the Wall Street Journal—more freely than its predecessors.Explainer: Can prosecutors compel New York Times journalists to testify in leak probe? | ReutersA federal judge has voided President Trump's roughly $1.78 billion settlement with the IRS, delivering a scathing rebuke and referring his lawyers for possible discipline. The backstory is unusual. Trump sued his own administration in January over the leak of his tax returns, and by late May had reached a deal with the IRS to create an “anti-weaponization” fund and to “forever bar” the government from any action related to his past tax returns—protection extending to his family and businesses. U.S. District Judge Kathleen Williams found the whole thing was a setup. The core legal defect is the absence of what courts call adverseness. Federal courts can only decide genuine “cases or controversies”—real disputes between opposing parties. Here, Judge Williams wrote, “there was never adverseness between the Parties; there was never a case or controversy; and there was never a question as to who would prevail,” because Trump was effectively suing himself, with his own Justice Department on the other side agreeing to lose. She found the case was brought for an improper purpose: to get a court's stamp of legitimacy on a settlement with no basis in law or fact. She sanctioned Trump's attorneys and referred one, Alejandro Brito, to the Florida bar, and suggested Acting Attorney General Todd Blanche should face discipline too. The significance is a court refusing to be used as a rubber stamp—insisting that its legitimacy can't be borrowed to bless a collusive deal dressed up as litigation.US judge voids Trump's settlement with IRS | ReutersA federal appeals court has revived more than 500 private lawsuits against Kenvue, the maker of Tylenol, alleging that acetaminophen use during pregnancy caused autism and ADHD in children—and here it's worth being clear about the science before the law. There is no firm scientific evidence that Tylenol causes autism or ADHD. The most rigorous recent research, including a large Swedish sibling-comparison study of millions of children, found no causal link once you control for genetic and environmental factors shared within families; mainstream medical bodies continue to regard acetaminophen as one of the safer pain and fever options in pregnancy, and untreated high fevers carry their own real risks. So this ruling is not a finding that Tylenol is dangerous. What the Second Circuit actually decided was narrower and procedural: that the trial judge had wrongly excluded the plaintiffs' expert witnesses. Under the rules governing expert testimony, judges act as “gatekeepers,” admitting expert opinion only if it rests on reliable methodology. The district court had tossed the plaintiffs' experts as unreliable; the appeals court, per Judge Guido Calabresi, said their methods reflected approaches other scientists use and amounted to “acceptable interpretations of scientific evidence where scientists may, and in fact do, disagree.” Crucially, the court stressed it was not deciding whether Tylenol actually causes these conditions. The significance is about who weighs contested science—the ruling lets juries, not just judges, hear the dispute, which is a real win for the plaintiffs procedurally even though the underlying causation case remains, on the current evidence, weak.US appeals court revives private lawsuits linking Tylenol to autism, ADHD | ReutersAnd finally, in my column for Bloomberg Tax this week, I take on a counterintuitive idea: that big corporate taxpayers may come to miss the boring, predictable world of administrative tax law now that the Supreme Court has overruled Chevron deference. My argument, in short, is that a weaker IRS and Treasury is not the unalloyed win a lot of multinationals assume it is.Here's the setup. For forty years, under Chevron, courts deferred to a federal agency's reasonable interpretation of an ambiguous statute. With Chevron gone, courts no longer have to defer to Treasury's reading of the tax code just because the statute is vague and the agency has expertise. A lot of corporate taxpayers cheered that—less agency power sounds like more freedom. But my point is that killing Chevron did nothing to remove the underlying ambiguity in the tax code; it just moved the job of resolving that ambiguity to a different desk. And there are only two other desks it can land on, and I don't love either one for a company that wants predictability.The first desk belongs to the courts. If Treasury can't issue as many binding, prospective rules, then more of these questions get resolved through litigation—case by case, on particular records, often years after the transactions are done. Courts are built to handle controversies, not to administer a global corporate tax system. The Coca-Cola transfer-pricing fight is the stress test I point to: a company may win a great refund that way, but you can't organize a multinational's affairs around the hope that every ambiguous question turns into a bespoke judicial adventure. The second desk belongs to Congress, which is the more democratically satisfying answer—Congress writes the code and is politically accountable. But in practice Congress moves slowly and episodically, usually only when tax changes ride along on some bigger budget deal. By the time Congress fixes an international tax problem, the business model that created it has been reorganized twice and pivoted to something involving AI.So the core of my argument is that corporate taxpayers need to distinguish between a useful litigation win and a stable legal environment—those two things don't always travel together. A bad but clear rule can be modeled and planned around; an ambiguous rule, as I put it, isn't really a rule, it's a threat in the shape of a Treasury notice. My prescription is that Congress should make clearer, more deliberate delegations where technical administration is unavoidable—transfer pricing, international tax, anti-abuse rules—and that Treasury should do a post-Chevron audit of its own regulations to flag where the code is asking too much of administration and too little of legislation. Because the real choice here isn't between IRS power and taxpayer freedom. It's between prospective administration and retroactive improvisation—and multinationals may get their wish, see the IRS diminished, and then find themselves stuck with rules everyone knows are broken but no one can fix.Big Corporate Taxpayers Need More Clarity in a Post-Chevron World | Bloomberg Tax This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

In der heutigen Folge sprechen die Finanzjournalisten Nando Sommerfeldt und Holger Zschäpitz über historisch günstige Goldminen, starke Drägerwerk-Zahlen und den „Wächter von Hormus“. Außerdem geht es um SanDisk, Marvell Technology, Intel, SK Hynix, SpaceX, Bank of America, Hensoldt, Renk, Volkswagen, Rheinmetall, Airbus, Drägerwerk, Vossloh, HelloFresh, Goldman Sachs, JPMorgan Chase, Wells Fargo, Citigroup, Gerresheimer, Ericsson, Mercedes-Benz, Schaeffler, Lufthansa, American Airlines, IAG, Ryanair, Shell, BP, ExxonMobil, Chevron, TSMC, Samsung Electronics und iShares MSCI EM UCITS ETF (WKN: A0RPWJ), JP Morgan Global Equity Plus (ISIN LU3351089811) und den JP Morgan Emerging Markets Equity Plus (ISIN LU2190025218). Wir freuen uns an Feedback über aaa@welt.de. Noch mehr "Alles auf Aktien" findet Ihr bei WELTplus und Apple Podcasts – inklusive aller Artikel der Hosts. Hier bei WELT: https://www.welt.de/podcasts/alles-auf-aktien/plus247399208/Boersen-Podcast-AAA-Bonus-Folgen-Jede-Woche-noch-mehr-Antworten-auf-Eure-Boersen-Fragen.html. Hier könnt ihr den AAA-Newsletter abonnieren: https://www.welt.de/newsletter/article232797673/Alles-auf-Aktien-Der-taegliche-Boersen-Newsletter-fuer-WELTplus-Abonnenten.html Und – ganz neu: AAA gibt es jetzt auch auf Instagram: https://www.instagram.com/alles_auf_aktien/ Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Hörtipps: Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. +++ Werbung +++ Du möchtest mehr über unsere Werbepartner erfahren? Hier findest du alle Infos & Rabatte! https://linktr.ee/alles_auf_aktien *Anzeige: Eight Sleep: Der Pod 5 reguliert die Temperatur im Bett automatisch, trackt Schlaf- und Gesundheitswerte ohne Wearable und kann so zu besserem Schlaf beitragen. Mit dem Code ALLESAUFAKTIEN erhaltet ihr auf https://www.eightsleep.com/allesaufaktien bis zu 350 Euro Rabatt.* Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html

Baroness Dambisa Moyo is a global economist, author, board member, and investor who sits at the intersection of public policy, corporate governance, and capital allocation. Dambisa serves in the U.K. House of Lords, sits on the boards of Chevron, Starbucks, Condé Nast, and Oxford University's investment committee, is Chair of the Economic Club of New York, and oversees Altered Trajectory alongside her husband, Jared Smith, the family office formed after his sale of Qualtrics in 2018. Our conversation traces Dambisa's journey from growing up in Zambia to becoming a leading voice on global economic development and governance. We discuss how her experiences across more than 80 countries and on the boards of four global companies shaped her judgment on economic growth, governance, and decision-making. We then turn to the application of those lessons at Altered Trajectory, including the evolution away from an endowment-style portfolio, balancing Dambisa's macro convictions with Jared's moonshot investing style, and positioning for long-term themes. Along the way, we discuss the challenge of investing through structural change while avoiding ideological thinking. Any leader should see for themselves the benefits of elite coaching. Try ALEX: tryalex.admiredleadership.com. Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership   Editing and post-production work for this episode was provided by The Podcast Consultant (⁠https://thepodcastconsultant.com⁠)

The Financial Times reports that Wall Street is earning larger fees from SpaceX's initial public offering and renewed mega-merger activity. IPO underwriting fees typically range from three to seven percent of proceeds, with greenshoe options and lockups shaping liquidity. Advisory fees on transactions above $10 billion can reach into the high tens or hundreds of millions of dollars. Recent examples of large announced deals include ExxonMobil's move for Pioneer Natural Resources and Chevron's agreement to acquire Hess. A stronger fee environment draws resources to exchanges, law firms, auditors, and secondary platforms. Founders and CFOs face choices among IPOs, direct listings, spin-offs, and sales as they prepare for shifting market conditions.Learn more on this news by visiting us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

Morningstar's Markets Brief urges investors to watch second-quarter earnings because guidance and revisions can reset valuations. Large banks will set the tone on credit by reporting net interest income, deposit costs, and credit losses. Technology platforms including Microsoft, Amazon, and Alphabet will update cloud and AI demand, with Nvidia supply as a factor. Consumer and advertising signals will come from Walmart, Target, Costco, Starbucks, McDonald's, Meta, Alphabet, and Snap. Logistics and industrials such as UPS, FedEx, Union Pacific, CSX, C.H. Robinson, Caterpillar, and Honeywell will detail volumes, rates, and backlogs. Energy and utilities including Exxon Mobil, Chevron, ConocoPhillips, NextEra Energy, and Duke Energy will connect commodity and power trends to cost structures. Founders can use these disclosures to recalibrate budgets, vendor terms, hiring, and capital spending for the rest of the year.Learn more on this news by visiting us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

This week on TechRadio we dive into some big Meta moves and practical tech stories. We cover: Meta AI shutting down image manipulation features The new Meta smart glasses Super Sensing capability When you might want to avoid using ChatGPT or AI StubHub insider-financed scalpers The all-new Fiat model Chevron, Shell, 76 — is all gas really the same? Our current tops in streaming recommendations Packed with clear explanations and useful tips, this episode is perfect if you want to stay on top of AI changes, smart gadgets, consumer alerts, and more. Tune in for your friendly weekly tech update!

Unilever ziet een van zijn grote aandeelhouders weglopen. Een die al meer dan 15 jaar trouw was aan het bedrijf. Het gaat om fondsbeheerder Terry Smith. Die hard uithaalt naar de directie. Tegen de Financial Times zegt hij misleid te zijn door de directie. Unilever beloofde hem (net na de afsplitsing van de ijstak in 2025) geen grote onderdelen meer te verkopen. Maar ze deden het toch. De voedingstak ging eruit. Volgens Smith neemt niet de directie de grote beslissingen, maar activistische aandeelhouder Nelson Peltz. Hij zou achter de schermen de touwtjes in handen hebben. Deze aflevering kijken we wat dat voor jou als beleggers betekent. Is het nu een voordeel of toch een nadeel? Gaat het ook weer over het bezoek van handelsminister Sjoerd Sjoerdsma aan China. Hij was zelf optimistisch over zijn bezoek, maar daar denkt zijn Chinese college toch anders over. Hij zet Sjoerdsma gelijk aan het werk. Het is ook de aflevering waarin we het meerdere keren over Apple hebben. Het gaat over een Chinese chip die ze in China aan het testen zijn. In eigen land pleasen ze ondertussen het Witte Huis met een andere deal. Te gast: Nico Inberg van De Aandeelhouder BNR Beurs is een journalistiek onafhankelijke productie, mede mogelijk gemaakt door Saxo. Over de makers: Jelle Maasbach is presentator van BNR Beurs en freelance financieel journalist. Zijn favoriete aandeel om over te praten is Disney, maar daar lijkt hij de enige in te zijn. Sinds de eerste uitzending van BNR Beurs is 'ie er bij. Maxim van Mil is presentator van BNR Beurs en journalist bij BNR, waar hij zich focust op de financiële markten en ontwikkelingen in de tech-wereld. Je krijgt hem het meest enthousiast als hij kan praten over ASML, of oer-Hollandse bedrijven zoals Ahold of ABN Amro. Jorik Simonides is presentator van BNR Beurs, economieredacteur en verslaggever bij BNR. Hij wordt er vooral blij van als het een keer níet over AI gaat. Je hoort hem ook in de BNR-podcast Moerdijk: dorp van de rekening. Milou Brand is presentator van BNR Beurs, freelance podcastmaker en columnist bij het Financieele Dagblad. Jochem Visser is presentator van BNR Beurs, maakt Beursnerd XL en is redacteur bij de podcast Onder Curatoren. Vraag hem naar obscure zaken op financiële markten en hij vertelt je waarom het eigenlijk nóg leuker is dan je al dacht. Over de podcast: Met BNR Beurs ga je altijd voorbereid de nieuwe beursdag in. We praten je in een kleine 25 minuten bij over alle laatste ontwikkelingen op de handelsvloer. We blijven niet alleen bij de AEX of Wall Street, maar vertellen je ook waar nog meer kansen liggen. En we houden het niet bij de cijfers, maar zoeken ook iedere dag voor je naar duiding van scherpe gasten en experts. Of je nu een ervaren belegger bent of net begint met je eerste stappen op de beurs, de podcast biedt waardevolle inzichten voor je beleggingsstrategie. Door de focus op zowel de korte termijn als de lange termijn, helpt BNR Beurs luisteraars om de ruis van de markt te scheiden van de essentie.See omnystudio.com/listener for privacy information.

— How many times have we remained silent when something important needed to be said? How often have we hidden our thoughts, emotions, needs, or truths out of fear of judgment, rejection, conflict, or simply not being heard? Many of us learn, often from an early age, that staying quiet is safer than speaking up. Over time, those patterns can become so familiar that we hardly notice them. We silence our ideas, our creativity, our boundaries, our needs, and sometimes even our authentic selves. But what is the cost of that silence? Today, we'll explore how silence shapes our lives, relationships, workplaces, and communities, and how we can begin to recognize and unlearn the unconscious patterns that keep us from fully expressing who we are. We'll discuss the courage required to speak our truth, the importance of creating spaces where all voices are welcomed, and how authentic self-expression can lead to greater connection, belonging, personal growth, and well-being. At its heart, this conversation is an invitation to reclaim our voice—not to speak louder, but to speak more honestly, more intentionally, and more fully from who we truly are. Valeria interviews Elaine Lin Hering  — She is the author of  "Unlearning Silence: How to Speak Your Mind, Unleash Talent, and Live More Fully." Elaine Lin Hering is a speaker, facilitator, and former Lecturer on Law at Harvard Law School. She works with organizations and individuals to build skills in communication, collaboration, and conflict management. She has worked on six continents and facilitated executive education at Harvard, Dartmouth, Tufts, UC Berkeley, and UCLA. She has served as the Advanced Training Director for the Harvard Mediation Program and a Managing Partner for a global leadership development firm. She has worked with coal miners at BHP Billiton, micro-finance organizers in East Africa, mental health professionals in China, and senior leadership at the US Department of Commerce. Her clients include American Express, Chevron, Google, Nike, Novartis, PayPal, Pixar, and the Red Cross. She was named a Thinkers50 global management thinker on the rise.  To learn more about Elaine Lin Hering and her work, please visit: https://elainelinhering.com/

Host Justin Forman sits down with John Cortines, author, generosity advocate, and a leader at the Maclellan Foundation, to unpack the heart transformation at the core of every faith-driven entrepreneur's relationship with money. Recorded at the Kingdom Advisors conference, this conversation begins in a Harvard Business School Bible study and ends with a vision for professionally managed giving funds that could rival the mutual fund industry in scale. John traces his journey from a young oil-and-gas professional whose online banking password was literally "retire@40!" to a husband, father of six, homesteader, and passionate advocate for Kingdom generosity. Drawing from his two books, God and Money and True Riches, John shares both the practical mechanics and the deep heart work required to move from asking "How much do I need to give?" to "How much do I really need to keep?" Key Topics: The wrong question most Christians ask about money, and the reframe that changes everything Why giving felt like a spreadsheet cell working against retirement, until joy broke through Financial finish lines: setting lifestyle and net worth guardrails before wealth arrives The four heart conditions around money (pride, coveting, anxiety, and indifference) and their gospel antidotes Why King Nebuchadnezzar and King David are the ultimate contrast study for entrepreneurs How collaborative, professionally managed giving funds could become as common as index funds Practical first steps for busy entrepreneurs ready to go on the generosity offensive Notable Quotes: “The right question isn't how much do I need to give, it's how much do I really need to keep?” — John Cortines “All things come from you and of your own have we given you.” — John Cortines (quoting King David, 1 Chronicles 29) “By definition, giving is actually a source of joy and freedom and purpose in the Christian walk.” — John Cortines   Guest Background: John Cortines is the co-author of God and Money (2016) and True Riches, books exploring biblical stewardship and the heart transformation behind generous living. A Harvard Business School graduate, John began his career in oil and gas at Chevron before pursuing a calling to equip Christian business leaders with a theology and practice of generosity. Today he helps lead generosity and giving strategy at the Maclellan Foundation, which opens its global grant-making engine to families deploying resources worldwide. John and his wife Megan live on 12 acres in East Tennessee with their six children, where they homeschool, homestead, and raise everything from egg-laying hens to Thanksgiving turkeys.

Crude oil's price spike helped fuel rallies in Chevron (CVX) and related companies. After a significant sell-off in crude, Ben Watson of Charles Schwab points out a "cup and handle" pattern forming in Chevron's stock. He adds that shares are nearing a key support level when examining the stock's long-term price action. ======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Happy 250th! The bulls are bubbling up! Yentervention – it is a thing. Labor market predictions. PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? PayPal.Donation.Button({ env:'production', hosted_button_id:'JJJHP2GDEJC7J', image: { src:'https://www.paypalobjects.com/en_US/i/btn/btn_donateCC_LG.gif', alt:'Donate with PayPal button', title:'PayPal - The safer, easier way to pay online!', } }).render('#donate-button'); Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm-Up - 250 Years! - We have the scorecard - Bulls are on the loose! - Kevin Hassett - what a putz - RAM JOB! Markets - Google's first day in the DJIA - a good one - SpaceX bonds already losing -Yen slips to 1986 levels - Yentervention? WHAT A PUTZ! - Trump Accounts launch July 4, with the NYSE and Nasdaq set to ring the opening bell from the Oval Office. - Program gives a $1,000 Treasury-funded investment account to U.S. children born from January 1, 2025 through December 31, 2028. - Kids under 18 can have accounts, but only newborns in that four-year window get the federal seed money. - Parents, family, employers, nonprofits, and governments can add money, with a general $5,000 annual contribution cap. - Money is invested in index funds and generally locked up until the child reaches adulthood. - Kevin Hassett pitched it as a way to teach kids about markets, ownership, saving, and compounding. His argument is that the more young people get exposed to investing early, and market ownership becomes less of an upper-income club. - However - > the government is handing out taxpayer-funded brokerage seed money while selling it as capitalism. - Also odd: the benefit may skew toward families who already know how to file forms, open accounts, and add more money. - So basically it is a forced financial-literacy experiment wrapped in a political brand name, with a socialist starter check to teach capitalism. First-Half Winners and Losers - S&P 500 finished the first half up roughly 7% to 8%, with the rally led by AI hardware, chips, memory, and data-center infrastructure. - Biggest winners were the shovel sellers: Sandisk up about 780%, Micron up about 296%, Western Digital up about 240%, Seagate up about 226%. - Overseas AI hardware ripped too: South Korea's Kospi up 123%, helped by Samsung up 169% and SK Hynix up 303%. - Semiconductor ETFs had a monster Q2: iShares Semiconductor ETF up 86.8%, VanEck Semiconductor ETF up 64.8%. - Japan's Nikkei rose about 38%; FTSE 100 gained about 5.8%. - Losers were the software/platform names that could not prove immediate AI payoff. - Microsoft was down about 24% despite being one of the biggest AI spenders. - Momentum stocks had one of their worst stretches in two decades as the Magnificent Seven slipped on capex worries. - Crypto and gold also lagged the AI-infrastructure trade. - Equity BULLS are running like it was San Fermin, Spain... MORE.... - Gold biggest quarterly loss since 2013 - Japan best quarter ever - Oil starts and ends - Kospi best quarter in 30 years - Stoxx 600 best Q in 5 years Something is going to break! - When Micro announced earnings, and we see that companies are panicking (News about existential threat to smaller tech players).. We said something is going to break - MU shares lifted to ATH on the news - big big beat - Micron's latest quarter showed a dramatic acceleration from the year-ago period, with revenue rising from $9,301 to $41,460 and EPS increasing from $1.91 to $25.11. - HUGE uptick in guidance - Apple increased pricing, Dell is increasing prices next week (17%), Microsoft raised price on XBox, HP across the board increase, Lenovo/Xiaomi increases, - NOW: Apple is lobbying the Trump administration for clearance to buy memory chips from China's ChangXin Memory Technologies Korea Goes All-In On AI Memory - Samsung and SK Hynix are backing a huge South Korea chip buildout tied to AI memory, HBM, advanced DRAM, packaging and data centers. - Samsung's plan includes hundreds of trillions of won for new fabs, including HBM facilities in Cheonan and Onyang. - SK Hynix is expanding Yongin and planning a major new chip base as it rides demand from Nvidia-linked HBM supply. - Government angle: Seoul wants domestic chip capacity treated like national infrastructure, not just corporate capex. - The state is trying to lock in supply-chain control before China, Taiwan, Japan and the U.S. pull more production into their own subsidy zones. - Market wrinkle: AI memory is hot now, but memory companies have a long history of overbuilding into strong pricing cycles. - Governments are no longer just subsidizing chips — they are helping plan semiconductor cities. RAM Job? - Samsung, SK hynix, and Micron were hit with a U.S. antitrust class-action lawsuit over alleged DRAM price fixing. - Allegation: the big three coordinated supply cuts while shifting capacity away from regular DDR3/DDR4 memory and into high-bandwidth memory for AI servers. - Plaintiffs say the three companies control roughly 90% of the DRAM market. - Conventional DRAM prices allegedly jumped about 700% over four years. - Complaint argues that in a normal commodity market, at least one supplier would usually increase production when prices spike. - Instead, the lawsuit says all three moved in the same direction at the same time. DRAM: We Have Seen This Movie Before - Yes, there was a similar DRAM price-fixing scandal in the 2000s. - DOJ investigation covered alleged DRAM price fixing from roughly 1998 through 2002. - Hynix pleaded guilty in 2005 and agreed to pay a $185 million criminal fine. - Samsung pleaded guilty in 2005 and agreed to pay a $300 million criminal fine. - Infineon pleaded guilty earlier, in 2004, and agreed to pay a $160 million fine. - Micron was involved in the investigation but received amnesty/cooperation treatment rather than the same criminal fine path. - Several executives were also charged or pleaded guilty. - State AGs and private plaintiffs later pursued civil cases tied to overpayment claims. - Difference now: the new case is not yet proven and appears focused on alleged coordinated supply restriction during the AI/HBM boom. Chevron and Microsoft - Chevron Corp signed 20-year deal with Microsoft for data center power. - Agreement supplies natural-gas fired generation for massive West Texas facility. - Project Kilby expected online 2028, ramping to 2.67 gigawatts. - Full output enough to power more than 530,000 Texas homes. - Chevron partnering Engine No. 1, final investment decision planned later. - Deal follows prior reports of exclusive long-term power negotiations. More Oil News - Drill baby Drill - Interior Department cutting federal drilling bonds by 95% to spur exploration. - Required bond drops from $500,000 to $25,000 for leases. - Bonds ensure cleanup costs don't fall on taxpayers if wells abandoned. - Policy change aims to encourage more oil and gas development. - Proposal subject to 60-day public comment after Federal Register publication. Dow 52,000 and the Tech Bounce - Dow closed above 52,000 for the first time Monday, finishing at 52,182.74. - S&P 500 gained 1.18%; Nasdaq jumped 2.07%. - S&P and Nasdaq snapped five-session losing streaks. - Alphabet rose 4.8% on its first day as a Dow component. - Tesla gained 8.5%; SpaceX rose more than 7%. - The bounce came after last week's tech selloff, with investors rotating back into mega-cap and AI names. Comcast Breaks Itself Up - Comcast plans to split media and connectivity into two separate companies. - NBCUniversal and Sky would be spun off in a tax-free deal; Comcast keeps broadband, wireless, and cable. - Completion expected within a year. - Shareholders would own both Comcast and the new NBCUniversal. - Comcast shares rose on the news; Charter also jumped as investors speculated Comcast could eventually pursue a broadband-scale deal. AI Trade Gets a Warning Label - Bank for International Settlements flagged the AI boom as a financial-stability risk. - The main concerns: elevated valuations, investor complacency, complex funding structures, and debt financing across the AI supply chain. - BIS also warned that record public debt and leveraged hedge-fund activity in sovereign bonds could amplify shocks. - Quote from BIS General Manager Pablo Hernandez de Cos: "Policy actions must reinforce each other." - The interesting part: central bankers are not saying AI is fake; they are saying the financing stack may be fragile. Inflation Back Above 4% - BEA's PCE price index rose 4.1% year over year in May. - April was 3.8%; March was 3.5%; February was 2.9%. - This keeps pressure on the Fed because PCE is the Fed's preferred inflation gauge. - Core PCE may later be revised lower because of BEA methodology changes. - Goldman estimated May core PCE could be trimmed to 3.2% from 3.4%; JPMorgan expected 3.3%. - Funny-but-real detail: part of the potential revision comes from how BEA prices portfolio management, legal services, and computer software. Jobs Report Becomes Bad-News-Is-Bad-News - June payrolls are due Thursday because markets are closed Friday for Independence Day. - The setup is awkward: strong jobs could mean stronger economy, but also higher odds of Fed hikes. - Looking back - May payrolls were hot at 172,000 versus an 85,000 forecast, with unemployment steady at 4.3%. - Remember - after the June Fed meeting, policymakers were clearly focused on inflation, not rescue cuts. Oil, Iran, and the Market's New Weird Routine - Oil stayed volatile around renewed U.S.-Iran tensions and peace-talk headlines. - Brent rose 1.6% Monday to $73.15; WTI rose 2.2% to $70.75. - Markets rallied anyway, helped by signs talks would resume and shipping routes were stabilizing. - The odd market behavior: geopolitical escalation keeps getting followed by de-escalation headlines and risk-on rallies. - This is now part of the trading pattern: weekend war scare, Monday relief rally, repeat. --- New attacks by USA on Iran happened at approx 4:30PM on Friday (markets closed) and then a halt to the fighting on Sunday - before the futures opened. Odd : Wendy's Becomes a Meme Stock - Wendy's became the latest retail-trader short-squeeze target. - Stock surged 25% last Wednesday, then gained another 9% Thursday. - Barron's said the move followed a CFO shakeup and WallStreetBets attention. - New CFO Steve Cirulis came from Potbelly and is also taking the Chief Strategy Officer title. - Wendy's had fallen 47% over the past year before the rally. - Short interest was nearly 30% of the public float, making the stock easier to squeeze. - Trian, Nelson Peltz's firm, owned nearly 15 million shares valued around $93 million. SpaceX Bonds Slip After Big Debut - SpaceX sold $25 billion of investment-grade bonds, its first major public debt deal. - Demand was huge, with roughly $85 billion to $98 billion of orders. - The 10-year tranche priced about 1.4 percentage points over Treasurys. - Bonds weakened quickly after pricing. - The 10-year yield rose near 6%, with the spread moving above 1.6 percentage points. - Longer-dated 2046 and 2056 bonds took the most pressure. - The pushback: bond buyers want more yield for a company still funding rockets, Starlink, AI/data-center spending, and Mars ambitions. - Clean read: equity investors bought the story; bond investors immediately marked it down. Yentervention - Yen weakened again, pushing toward the 162-per-dollar zone and near its weakest level in about 40 years. - Japan keeps warning it is ready for "decisive action" or to respond "at any time." - Market does not seem scared for long. - Japan already spent heavily defending the yen, including a roughly $73 billion yen-buying operation after the currency broke past 160. - U.S. rates are still high, the Fed is not rushing to cut, and the Bank of Japan is still moving slowly. - That keeps the carry trade alive: borrow cheap yen, buy higher-yielding dollars. - Japan's foreign reserves fell 5.6% in May after intervention, showing the defense is expensive.   Love the Show? Then how about a Donation? PayPal.Donation.Button({ env: 'production', hosted_button_id: 'JJJHP2GDEJC7J', image: { src: 'https://www.paypalobjects.com/en_US/i/btn/btn_donateCC_LG.gif', alt: 'Donate with PayPal button', title: 'PayPal - The safer, easier way to pay online!' } }).render('#donate-button-2'); THE CLOSEST TO THE PIN for SpaceX (SPCX) Winners will be getting great stuff like the new "OFFICIAL" DHUnplugged Shirt!     FED AND CRYPTO LIMERICKS   See this week's stock picks HERE Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter

You can own the dirt under someone's ranch without ever setting foot on it and still collect a check every month while an oil company does all the work. Karl Brensike of Harvest Mineral & Royalty Partners calls minerals the single greatest asset class on the planet, and he makes a pretty convincing case for it. Chuck digs into how regular folks can finally get a piece, why people really decide to sell, and the apple pie scheme that squeezed a million bucks out of Chevron.Click here to watch a video of this episode.Join the conversation shaping the future of energy.Collide is the community where oil & gas professionals connect, share insights, and solve real-world problems together. No noise. No fluff. Just the discussions that move our industry forward.Apply today at collide.ioClick here to view the episode transcript. 0:00 - Mineral versus royalty, explained for mom1:23 - Why US mineral ownership is uniquely American4:28 - The first oil lease and the Far and Away land rush8:11 - Splitting estates and why mineral owners keep multiplying9:25 - Karl and Chuck's history and the 2014 Thanksgiving crash10:43 - Why people actually decide to sell11:55 - The early days of investing in minerals14:46 - The Caritas run and the perfectly timed 2008 hedges22:17 - Buying ahead of the drill bit with Haymaker23:33 - Why everyone should own some as an energy hedge26:08 - The four kinds of buyers and the grassroots game27:22 - The thesis behind Harvest44:46 - Crazy mineral stories from the field48:09 - The Toby Bean apple pie storyhttps://twitter.com/collide_aihttps://www.tiktok.com/@collide.iohttps://www.facebook.com/collide.iohttps://www.instagram.com/collide.iohttps://www.youtube.com/@collide_iohttps://bsky.app/profile/collide-ai.bsky.socialhttps://www.linkedin.com/company/collideai

In this first panel from the Gray Center's May conference, moderator Christopher J. Walker (University of Michigan) speaks with Megan Brown (Wiley Rein LLP), Roman Martinez (Latham & Watkins LLP), and Maria Monaghan (U.S. Chamber Litigation Center) about what courts are doing after Chevron's overruling in Loper Bright. They discuss unresolved issues now playing out in lower courts, including Skidmore's role, congressional delegation and “policymaking discretion,” stare decisis for prior Chevron-era precedents, and implications for other deference doctrines like Auer/Kisor.Sign up for email updates from the Gray Center here

Donate (no account necessary) | Subscribe (account required) Join Bryan Dean Wright, former CIA Operations Officer, as he dives into today's top stories shaping America and the world. In this Headline Brief of The Wright Report, Bryan breaks down why gas prices are still stuck above where they should be despite oil falling to pre-war levels, and covers a volcanic confrontation between President Trump and Republican Senators on Capitol Hill over the SAVE America Act and the filibuster. Bryan tracks a wave of federal court rulings blocking the America First agenda, from judges stopping ICE arrests near courthouses to a ruling protecting illegal aliens from voter roll checks, and explains why he thinks the judiciary is now a front line in what he calls an Islamist and Communist revolution. He then documents a slate of newly elected New York candidates openly calling for the destruction of Western civilization and the American empire, and draws a sharp parallel to young Brazilians who are now turning conservative after living through years of Leftist governance. Plus, breaking news of two major earthquakes in Venezuela with potentially catastrophic casualties, the Arab states taking shots at Trump through the Washington Post while Secretary Rubio reassures the region, and a bipartisan housing bill sitting in limbo as the White House weighs whether to sign or kill it. "And you shall know the truth, and the truth shall make you free." - John 8:32 Keywords: The Wright Report, Bryan Dean Wright, gas prices, oil prices, Exxon, Chevron, SAVE America Act, Senate filibuster, John Thune, judicial rulings, lawfare, Democrat judges, voter rolls, ICE arrests, New York Socialists, Communist revolution, Daria-Liza Avila Chevalier, Zohran Mamdani, Brazil conservatives, Bukele, Venezuela earthquake, Marco Rubio, Middle East, housing bill, daily news podcast

Three years ago, Chris Perkins sat across from Terry Duffy in Congress and made the case for perpetuals. Duffy pushed back — hard. Now Duffy's CME is suing the very regulator that finally allowed them. The CME argues Bitcoin perpetual futures are really swaps and should carry far more collateral. Chris traces the Dodd-Frank history that created the swap-versus-future divide, and Austin Campbell lays out why picking this fight in a post-Chevron court could backfire on the incumbent. Is a perpetual a swap or a future, and who gets to decide? Hosts: Austin Campbell - Host of Bits + Bips, Founder of Zero Knowledge Group, and Adjunct Professor at NYU Stern Ram Ahluwalia - Co-host of Bits + Bips and CEO of Lumida Chris Perkins - Co-host of Bits + Bips and Head of Franklin Crypto This clip is from a longer conversation on tokenization, the AI trade, and the CME's lawsuit against the CFTC. Full episode here: https://youtube.com/live/oSiOeWq_pKE  We go live every Monday at 4:30pm ET - subscribe to catch it live.  Sponsor Cape: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first six months at https://cape.co/unchained (use code: UNCHAINED). Chapters ⚖️ 00:00 The incumbent sues its own regulator: what the CME is actually claiming

Announcing the CTP for SpaceX. MahJong Craze gone wild. Goodbye to Alan Greenspan – The Maestro. Have you seen RAM prices? PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? PayPal.Donation.Button({ env:'production', hosted_button_id:'JJJHP2GDEJC7J', image: { src:'https://www.paypalobjects.com/en_US/i/btn/btn_donateCC_LG.gif', alt:'Donate with PayPal button', title:'PayPal - The safer, easier way to pay online!', } }).render('#donate-button'); Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm-Up - Announcing the CTP for SpaceX - MahJong Craze - Goodbye to Alan Greenspan - The Maestro - Have you seen RAM prices? Markets - Economic Collapse Imminent? - Breathe is narrowing again - chips chips chips are the only play - Spacex coming back down to earth? What is that sucking sound? -- Markets getting weird..... 3% down for NASDAQ 100 today - 8% for SMH and 14% for Memory ETF - Just announced - Alphabet (Google) will replace Verizon in DJIA DEDICATION: Alan Greenspan - Died Monday at age 100 Google Enters DJIA - High priced shares - Moves tech to 22% of DJIA from 17% or so - very meaningful move - Every $1 move for Google = $7 move on DJIA - Tech:  S&P 500 (~30%+), Nasdaq (~50%+) Computer Pricing - What as $2,000 a year ago for a nice desktop is not like $4,000 - Dell not holding pricing quotes - and even if they do, back ordered so prices could go up after order - Will IPOs put more money in the pocket of tech companies to buy gear at any price? Endless - SpaceX recently finalized two massive, multibillion-dollar artificial intelligence contracts: a $6.3 billion computing power agreement with Reflection AI and a $60 billion acquisition of the AI coding startup Cursor. - AI Compute Deal with Reflection AI - - - - The Terms: Reflection AI agreed to pay SpaceXAI $150 million per month from July 2026 through the end of 2029. - - -- - - The Infrastructure: The startup will tap into hardware and GB300 chips housed at SpaceX's Colossus 2 data center in Memphis, Tennessee. More SpaceX - SpaceX shares were as high as $220 post IPO. - Sharea ahve been down over the past 3 days. - Most that got in POST IPO probably bought in at about $162-$165 - Newsline: SpaceX shares slipped for a third straight day, shedding hundreds of billions of dollars in market value, after the company said it is selling investment-grade bonds for the first time. - The stock fell 16% Monday to close at $154.60, the lowest level since the company's first day of trading, pushing its three-day loss to 23% and erasing over $600 billion in value over that period. - SpaceX is seeking to raise at least $20 billion from the first bond offering to fund its artificial-intelligence ambitions. Missed Opportunity - Short the Mattress companies he said...... ----- Got squeezed out....Never to return Swing and a Miss Maybe Because this can happen... - Shares of Getty Images Holdings Inc. soared as much as 145% on Monday after it announced a licensing deal with OpenAI. - Getty said that images from its library will appear in the search and discovery features of ChatGPT, marking a key reversal for the firm. - The partnership with OpenAI could improve “licensing optics” and shift the narrative on the stock, according to analyst Mark Zgutowicz. - Getty shares were up 118% to $1.32 as of 12:44 p.m. in New York, putting them on track for the best session since July 2022. The stock had fallen about 55% this year to close at 61 cents on Thursday before the Juneteenth holiday weekend began. KOREA - SK Hynix - New #1 in South Korea: SK Hynix surpassed Samsung Electronics on Monday to become the country's most valuable listed company. - Remarkable turnaround: A striking reversal for a chipmaker that nearly collapsed under heavy debt roughly two decades ago. (CYCLES) - AI memory leader: Now the dominant supplier of high-bandwidth memory (HBM) chips powering AI systems. - Marquee customers: Key buyers include Nvidia (NVDA) and Alphabet's Google (GOOGL). - Massive 2026 rally: Shares are up more than 340% year-to-date, fueled by the global AI boom. - Market cap milestone: Valuation now exceeds both Samsung and Micron (MU). Markets Get Chopped - Questions being asked about if AI spend boom producing fast enough return - Back to earth on valuation scare - (all of a sudden?) - KOSPI down 11% - Chips getting hit - 12% for Memory ETF - MU down 9%, Intel 4%, ASML 7% RAM Prices... - Looking at some additional RAM today for some office computers .... --- ARE THEY KIDDING? RAM Prices Imminent Collapse???? - President Donald Trump said the prospect of global economic collapse was a big reason he signed an interim peace deal with Iran. - According to sources, the deal reopened the Strait of Hormuz and set in motion waivers for sanctions on Iran's oil sales to the international market, with the effect being an immediate drop in oil prices and a rise in US stocks. - The agreement has been seen as skewed in Iran's favor, giving the country broad gains before the next round of talks, and has prompted pushback and anger from Republican lawmakers. - MOU signed lat Wednesday - also now more waivers of sanctions on sale of Iranian oil - 60 day reprieve. China - Weak economic conditions - H Shares about to enter bear market - Hong Kong - Close to a technical bear market, dragged down by weak domestic consumption, a struggling property sector, and an exodus of funds fleeing "old tech" for AI plays elsewhere in Asia. - A-shares are listed in mainland China (Shanghai/Shenzhen) and primarily target domestic investors. H-shares are listed in Hong Kong and are freely available to international investors More China - Retail sales declined for the first time since December 2022, dropping 0.6% from a year earlier. - China's urban fixed-asset investment contracted 4.1% as of end-May, dragged by real estate and manufacturing. - Manufacturing fixed-asset investment contracted for the first time since December 2020. - Industrial output was the lone bright spot, rebounding from April's near three-year low. - The national unemployment rate fell to 5.1% in May, compared with 5.2% in April. Marrrr Jonggg - Mahjong can be highly addictive due to its rewarding blend of strategy, luck, and social interaction. The rapid tile-drawing, need for pattern recognition, and "just one more round" mentality trigger dopamine releases. If compulsive play disrupts your finances or daily life, it can become a behavioral addiction requiring intervention. - Tactile and Auditory Appeal: Many users on community forums like Reddit agree that the physical weight, texture, and distinct clinking sound of shuffling tiles provide soothing, sensory satisfaction. - There has been a 70% surge in mahjong content on TikTok in the past year - Yelp recently named the Chinese tile game a top trend of 2026, noting that searches for mahjong clubs surged 4,467% year over year for the period from September 2024 to August 2025 and that searches for mahjong lessons rose 819%. Alphabet - WHAT>????*&*^ - Alphabet shares slid 7%, on track for the search giant's worst day in a year. - Alphabet's Google has seen consecutive high-profile researchers leave in the last several days. - The company also has exposure to the market's concerns around commoditized AI and ballooning capital expenditures. - The share slide also came on the heels of a Sunday Wall Street Journal interview with Microsoft CEO Satya Nadella, who called for less dependence on “AI Giants” and said the AI market was commoditized. Back to Oracle - Oracle reduced workforce by 21,000 employees over past twelve months. - Cuts broader than previously disclosed, driven by artificial intelligence adoption. - Global headcount fell from 162,000 to 141,000 full-time employees year-over-year. - Workforce reductions generated $1.8 billion in restructuring costs, company reported. - Company warned AI deployment may continue resulting in workforce reductions. NVDA - Underperforming - Nvidia shares slipping recently despite remaining up about 12% in 2026. - Stock down roughly 3% past month, underperforming semiconductor peers. - SMH ETF surged 84% year-to-date, gaining 15% last month. - Traders predict Nvidia chip pricing power is beginning to decline. - Wall Street focus shifting toward memory and infrastructure AI buildout. - Micron and Sandisk shares jumped nearly 60% over past month. Gloom and Doom - JCD sent interesting take from Chris Bloomstran - Traditionally asset light companies with all sorts of revenue, high margins now.... ---- Converting into asset heavy with no real understanding of what the profitability or even revue will be in the future ----- Here are the highlights of his commentary we can explre: ------------AI buildout shifting markets from asset-light toward capital-intensive infrastructure cycle - Hyperscaler capex surge reflects move into heavy, long-duration asset base - Massive capital requirements challenge economics versus prior asset-light models - Depreciation burden rising sharply as infrastructure scales across AI ecosystem - Returns depend on utilization of expensive, long-lived physical compute assets - Asset-heavy cycles historically lead to overbuild, weak returns, eventual consolidation - Infrastructure spending absorbing nearly all operating cash flow for hyperscalers - Off-balance-sheet financing masking true scale of capital intensity shift - AI economics hinge more on physical capacity than software-driven scalability - Echoes of past asset-heavy booms with eventual oversupply and value destruction Amazon Day - Today - June 26th - US consumers will spend $26.3 billion online at Amazon and other retailers during the four-day sale, up 9% from last year's event in July, according to Adobe Inc. - About 201 million Amazon shoppers in the US were Prime subscribers as of March, up about 3% from a year earlier - Amazon will capture about 60% of all US online spending during Prime Day, its highest market share since 2019, according to estimates from EMarketer Inc. Chevron and Microsoft - Chevron Corp signed 20-year deal with Microsoft for data center power. - Agreement supplies natural-gas fired generation for massive West Texas facility. - Project Kilby expected online 2028, ramping to 2.67 gigawatts. - Full output enough to power more than 530,000 Texas homes. - Chevron partnering Engine No. 1, final investment decision planned later. - Deal follows prior reports of exclusive long-term power negotiations. More Oil News - Drill baby Drill - Interior Department cutting federal drilling bonds by 95% to spur exploration. - Required bond drops from $500,000 to $25,000 for leases. - Bonds ensure cleanup costs don't fall on taxpayers if wells abandoned. - Policy change aims to encourage more oil and gas development. - Proposal subject to 60-day public comment after Federal Register publication. FedEx Earnings - FedEx posted strong fiscal fourth-quarter earnings on Tuesday in the company's last quarter that included the freight business before its spin off. - FedEx Freight spun off into a separate publicly traded company on June 1. - The company said it saw a 3% year-over-year increase in domestic volume. - Stock down 6% A/H   Love the Show? Then how about a Donation? PayPal.Donation.Button({ env:'production', hosted_button_id:'JJJHP2GDEJC7J', image: { src:'https://www.paypalobjects.com/en_US/i/btn/btn_donateCC_LG.gif', alt:'Donate with PayPal button', title:'PayPal - The safer, easier way to pay online!', } }).render('#donate-button'); ANNOUNCING the THE CLOSEST TO THE PIN for SpaceX (SPCX) Winners will be getting great stuff like the new "OFFICIAL" DHUnplugged Shirt!     FED AND CRYPTO LIMERICKS   See this week's stock picks HERE Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter

The Hidden Gems investing team dissects the big weekend for Toy Story 5 and which stocks could be winners with a resurgent box office. From there Jon, Matt, and Rachel look at how natural gas is poised to power data centers before ending on a listener's question regarding value investing and how things have changed since Warren Buffett got his start.Jon Quast, Matt Frankel, and Rachel Warren discuss:-Toy Story 5's $160 million opening weekend-Hidden winners with growing box office sales-Microsoft's deal with Chevron to power a Texas data center-Why natural gas is increasingly a consideration-How value investing has changed over the yearsCompanies discussed: Disney (DIS), Netflix (NFLX), Apple (AAPL), EPR Properties (EPR), Chevron (CVX), Microsoft (MSFT), Meta Platforms (META), Alphabet (GOOG)(GOOGL), Amazon (AMZN), EQT (EQT), GE Vernova (GEV), Caterpillar (CAT), Berkshire Hathaway (BRK.A)(BRK.B), Lumentum (LITE), Coherent (COHR), Coca-Cola (KO)Host: Jon QuastGuests: Matt Frankel, Rachel WarrenEngineer: Kristi Waterworth Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit ⁠megaphone.fm/adchoices⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

An AI and Software slump kicking off the week in a tech sell-off with Google, Amazon and Microsoft all ending the day in the red. The traders break down what tech investors can expect from the losses and if this is the start of a bigger trend. Then, will a luxury property tax in New York City spark market unrest? Sotheby's International Realty president and CEO Philip White breaks down NYC's ‘pied-à-terre tax' taking effect next week, and how he believes people will react. Plus, Chevron and Microsoft strike a deal, why now is the best time to invest in biotech, and can Netflix recover from its losing streak? Fast Money Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, David Faber and Sara Eisen led off the show with market reaction to positive comments by Vice President Vance about the U.S.-Iran negotiations. AI in the spotlight: Chevron announced it signed a 20-year agreement with Microsoft to provide power for the tech giant's massive West Texas data center project. The anchors remembered the influential former Fed chairman Alan Greenspan, who died Monday at the age of 100. Also in focus: President Trump's comments on Anthropic and national security, Microsoft CEO Satya Nadella's message for companies leading the AI boom, SpaceX shares on track for a three-day losing streak, AbbVie agrees to buy immunology drugmaker Apogee Therapeutics for $10.9 billion in cash. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

On Thursday's Mark Levin Show, WJNO's Brian Mudd fills in for Mark. The AI jobs boom is coming. But there's a tale of two economies, where investors have enjoyed a phenomenal stock market run driven by AI, while everyday life feels strained by high gas and grocery prices. Despite concerns over AI job losses, Iran-related issues, and costs, there is strong economic momentum and Reaganomics-style trickle-down effects, with wealth from companies redeploying across the economy.  April saw 115,000 jobs added driven by actual American workers, with 3.6% wage growth exceeding inflation. Tech jobs cut by AI have been more than offset by gains in construction, utilities, and AI-supporting infrastructure, signaling booming AI-related job creation in the early months of this shift. Meanwhile, the current average gas price is around $4.24 per gallon; even if sustained all year on an inflation-adjusted basis, it would rank only as the 9th most expensive year in U.S. history, with four of the top five (including the top three) most expensive years occurring under the Obama administration. Also, President Trump sidelined Maduro in Venezuela—redirecting its vast oil reserves (previously 80% to China, though only 2% of China's supply) to the US via Chevron, boosting production 50%—and now targeting Iran (47% of China's oil), Trump has disrupted China's new Axis network of allies (including Russia, North Korea, Cuba, Venezuela, and Nicaragua). This strategically hampers China's military capabilities, preventing escalation to World War III.  Later, this version of the Democrat party is the most dangerous yet.  Sen Chuck Schumer opposed funding reconciliation for the Department of Homeland Security, including $140 billion for Border Patrol and ICE. Democrats' support for the BLM-led defund the police movement caused total crime rates to rise 30% and murders 44% in embracing communities, with devastating effects. Open border policies under President Biden allowed criminal illegal aliens to run rampant, committing a quarter of all U.S. crime. If you vote for Democrats, you are voting for more murders and crime to take place. Learn more about your ad choices. Visit podcastchoices.com/adchoices