Podcasts about Dow Jones Industrial Average

P.M. Edition for Aug. 26. Tech reporter Meghan Bobrowsky tells us why the Meta settlement could change how teenagers use some of the world's most popular apps. Plus, the FDA approves a milestone therapy for pancreatic cancer. WSJ reporter Xavier Martinez discusses how the nearly $40,000-a-month drug from Revolution Medicines could change patient outcomes of one the deadliest cancers. And the FBI shuts down a sprawling hacking network linked to China that targeted NASA, the Federal Reserve and critical infrastructure. Sabrina Siddiqui 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: Oil prices extend their recent decline. And Meta stock rises after reaching an $18 billion settlement over child-safety claims. Imani Moise 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.

Plus: Nvidia shares jumped, snapping a recent losing streak. And Dick's Sporting Goods stock has its worst day on record after cutting parts of its outlook. Imani Moise 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.

P.M. Edition for Aug. 24. Treasury Secretary Scott Bessent says the U.S. will go after countries and companies that do business with Iran. White House economic policy reporter Brian Schwartz says it's unclear what will happen with Iran's top trading partner: China. Plus, President Trump escalates the trade conflict with Canada, threatening 50% tariffs on autos. And Heard on the Street columnist David Wainer discusses the challenges Moderna faces in fulfilling investor hopes for a sweeping new era for cancer treatment. Pierre Bienaimé hosts. The AI Therapist: A WSJ Podcast Series  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.

This week on Money Wise, the team takes a closer look at what's driving markets as investors weigh inflation, interest rates, housing costs, and continued economic uncertainty. Wall Street turned in a mixed week, with the major indexes staying relatively steady as investors continued to weigh inflation, interest rates, and the broader economic picture. The Dow Jones Industrial Average fell about 305 points, or 0.6%, while the S&P 500 gained roughly 28 points, or 0.4%, and the Nasdaq edged higher by about 38 points, or 0.1%. Year to date, the Dow is up 11.8%, the S&P 500 has gained 13.7%, and the Nasdaq leads with a 15% gain. The Money Wise guys discuss the latest inflation data, the role housing costs continue to play in those readings, and what the inflation picture could mean for interest rates and markets. From there, the conversation shifted toward a growing concern for investors: the increasingly blurred line between investing, trading, sports betting, and outright speculation. That distinction between investing and gambling carried through the broader investor-education discussion. The team emphasizes that building wealth generally happens slowly - through consistent contributions, dollar-cost averaging, diversification, and a willingness to stay invested through changing market conditions. They also challenge the old investing rule to “never lose money,” pointing out that losses are an unavoidable part of taking investment risk. A more realistic objective is managing that risk so one downturn or bad decision doesn't create a hole that becomes difficult to recover from, both financially and psychologically. As investors get closer to retirement, understanding both risk tolerance and risk capacity becomes increasingly important. The takeaway is straightforward: long-term investing requires structure, discipline, and active oversight, not the constant action that increasingly surrounds markets today. Getting Rich Slowly  Successful investing rarely comes from swinging for the fences. More often, it comes from consistently putting money to work, dollar-cost averaging over time, staying diversified, and giving compounding a chance to do its job. That approach may not generate the same excitement as chasing the latest stock, leveraged product, or short-term trade, but investing isn't supposed to be entertainment. The goal is to steadily build wealth while maintaining the discipline to stay invested through both good markets and bad ones. Getting rich slowly may not make many headlines, but for long-term investors, patience and consistency remain a much more practical strategy than constantly searching for the next quick win.  In the second hour, the Money Wise guys share The Best Investment Advice Ever . You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

U.S. stocks ended mixed as investors weighed a July Consumer Price Index reading and earnings from AI-exposed companies. The S&P 500 was little changed, the Nasdaq Composite rose, and the Dow Jones Industrial Average fell as Treasury yields shifted with rate expectations. AI leaders including Nvidia, Microsoft, Alphabet, Amazon, Meta, and AMD emphasized multi-year spending on accelerated computing and cloud AI services. Cloud providers AWS, Microsoft Azure, and Google Cloud offered AI credits tied to longer commitments, while GPU and networking constraints pressured deployment timelines. Higher-for-longer rates raised costs for variable credit lines, equipment leases, and SBA 7(a) loans. Founders are timing financing around upcoming Fed decisions and negotiating flexibility in cloud and chip contracts to manage compute availability and cash flow.Learn more on this news by visiting us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

Today we are thrilled to welcome Mike Fey, Co-Founder and CEO of Island.io, for a robust discussion on AI, technology, and the future of work. Mike is a seasoned technology executive and entrepreneur with deep experience in enterprise software and cybersecurity. Founded in 2020, Island is reimagining the enterprise browser as a platform that brings together access, security, and productivity, enabling employees to move faster while giving organizations the governance and control required at enterprise scale. We were pleased to hear Mike's perspective on this rapidly evolving landscape. In our conversation, Mike first shares Island's origin and founding premise: to improve the knowledge worker's experience while building security into the platform rather than adding it as an afterthought. We explore Island's philosophy of enabling employees to move quickly and innovate within an enterprise framework of security and governance, extending controls designed for human knowledge workers to “agentic knowledge workers,” and using the browser as an enterprise platform to replace legacy IT infrastructure and potentially consolidate portions of the security stack. Mike shares his perspective on why expectations for near-term enterprise AI ROI are often unrealistic and why successful adoption requires more than simply giving employees access to AI. We discuss the importance of creating a secure environment in which employees can experiment, build, share, and deploy AI while choosing the right AI model for the job and finding the right mix of sovereign, enterprise-controlled, and cloud-based AI. We examine how the valuable asset in AI may increasingly be the proprietary context, data, and workflows feeding models rather than simply the resulting work product. Mike explains how Island can give enterprises visibility into where data originated, who or what accessed it, why an action occurred, and how those capabilities become increasingly important as agents begin interacting with other agents. We explore Island's “tactically strategic” approach to enterprise adoption, starting with practical, self-funding opportunities to simplify the technology stack and reduce costs while building the foundation for broader AI adoption. Mike discusses M&A as one example, where establishing a secure shared environment can allow companies to begin realizing value from an acquisition before completing the full IT integration. We discuss what boards should be asking about AI, how AI adoption is currently increasing worker capability rather than simply eliminating jobs, and the challenge of scaling AI across large organizations. Mike describes adoption as a “crawl, walk, run” process and argues that most companies remain in the crawl stage. He explains why companies shouldn't wait to establish AI capabilities and shares examples of organizations using AI not simply to improve existing processes but to transform their business models. We end the session with Mike's compelling view that AI adoption is a leadership obligation: companies should prepare their employees to remain capable and competitive in an AI-shaped economy rather than allow their skills to become outdated. It was a riveting discussion and we greatly appreciate Mike's passion for the industry and his enthusiasm for the possibilities. Mike Bradley kicked off the discussion with observations on the fixed income market, noting that the 10-year U.S. Treasury yield was trading at ~4.7% ahead of Wednesday's CPI and Thursday's PPI reports, which could help shape expectations for the Fed's next interest rate decision. In equities, the DJIA and S&P 500 were each down approximately 30 basis points. With second quarter earnings season largely complete, Mike highlighted Intel's $20 billion equity offering to fund capital expenditures, which was reportedly oversubscribed by more than five times. Turning to energy, WTI crude oil had risen approximately $5/bbl this week to roughly $83/bbl, reflecting growing skepticism that shipping through the Strait of Hormuz will fully normalize in the near term. Mike noted that Iran-related policy has been a key driver of oil price volatility over the past two months. The energy sector had gained approximately 5% this week alongside higher crude prices. With second quarter energy earnings essentially complete, Mike wrapped by reviewing key themes across oilfield services, E&Ps, integrated oil majors, refiners, midstream, and power and electric utilities. Robby Kester and Veriten Senior Advisor Deborah Byers also joined and added their valuable technology perspectives and questions throughout the conversation.

What sent the Dow to a new record high? And why did chip stocks stumble despite blockbuster earnings? Plus, who's behind SpaceX's most recent rally? Host Imani Moise discusses the biggest stock moves of the week and the news that drove them. Sign up for the WSJ's free Markets A.M. newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

What sent the Dow to a new record high? And why did chip stocks stumble despite blockbuster earnings? Plus, who's behind SpaceX's most recent rally? Host Imani Moise discusses the biggest stock moves of the week and the news that drove them. Sign up for the WSJ's free Markets A.M. newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Weekly Option Episode 439 August 7, 2026 Welcome to The Weekly Option, a weekly program that offers practical trades and discussion for beginners and professionals alike. The topic of the week is timing the trade. In this week's show, we will cover the trades from last week on Keel Infrastructure Corporation, the Tradr 2X Long SNDK Daily ETF, American Airlines, and First Majestic Silver Corporation. And we discuss four new trades on Hertz Global Holdings, the Direxion Daily MSCI South Korea Bull 3X ETF, SoundHound AI, and Ondas Inc. The equity markets managed to finish the week at new all-time highs. The Dow Jones Industrial Average jumped 1,551 points, closing on Friday at 54,036 points. The S&P 500 Index jumped 267 points, ending the week at 7,757 points. It's always great to hear from listeners. If you have any questions about the trades presented here or about your own positions, feel free to email me. Email questions to me: eric@theweeklyoption.com Visit our YouTube Channel for The Weekly Option.com. PODCAST LINKS FOR EPISODE POST Listen on iTunes:  https://itunes.apple.com/us/podcast/the-weekly-option/id1375267155 Listen on YouTube Music:  https://music.youtube.com/channel/UCTo2yTkZPhqvlE8PdZkyTZA Listen on Spotify: https://open.spotify.com/show/6HoYh2XxVCWaidJP4dJiSD Listen on Audible by Amazon: https://www.audible.com/podcast/The-Weekly-Option/B08K57QL6S?language=en_US Listen on PodBean: https://www.podbean.com/podcast-detail/r5aam-6a884/The-Weekly-Option-Podcast YouTube Channel: https://goo.gl/u7JKJd Option Trading Basics: My Favorite Strategies: https://youtu.be/8UmPK5tuez0 How to Trade Stock Using Technical Analysis: https://youtu.be/wAATt0RpE0w Technical Analysis Videos: https://www.youtube.com/channel/UCnpPLl3EB_RBC5kyrCnsHow TradingView Stock Charts For Analysis: https://www.tradingview.com/gopro/?share_your_love=TraderEric

Another week of strong market gains served as a reminder that long-term fundamentals can quickly regain center stage once short-term volatility begins to fade. Markets rebounded sharply this week as investors looked beyond July's volatility and refocused on corporate fundamentals. The Dow Jones Industrial Average gained 3.0%, the S&P 500 rose 3.6%, and the Nasdaq climbed 5.2%. Year to date, the Dow is now up 12.4%, the S&P 500 has gained 13.3%, and the Nasdaq leads with a 14.8% return. The Money Wise guys discuss how July's deleveraging appears to have largely run its course, allowing buyers to return as earnings continue to exceed expectations. They also review the latest employment data, upcoming inflation reports, and why markets remain sensitive to Federal Reserve policy while continuing to emphasize the importance of separating short-term headlines from long-term fundamentals. The remainder of the program focuses on investor education, beginning with the importance of teaching younger investors how to build wealth through consistent saving rather than speculation. The guys stress that long-term investing is built on patience, dollar-cost averaging, and diversification - not leveraged products or "get rich quick" strategies. The second hour then turns to an extended discussion of equity-indexed annuities, explaining how these products are structured, why investors should understand participation rates, interest-rate caps, surrender periods, commissions, and liquidity restrictions before purchasing them, and why it's important to carefully evaluate marketing claims before making long-term financial decisions. Throughout the discussion, the recurring message remains the same: successful investing comes from discipline, education, and understanding exactly what you own. Avoiding Speculation One of the most valuable investing lessons doesn't involve finding the next hot stock or timing the market perfectly—it's understanding the power of consistency. Whether you're just beginning your career or helping the next generation start investing, regularly contributing to retirement accounts, taking advantage of employer matching contributions, and allowing compounding to work over time can have a tremendous impact. While speculative products and leveraged investments often receive the most attention, long-term wealth has historically been built through disciplined saving, broad diversification, and patience. For most investors, the tortoise still beats the hare.  In the second hour, the Money Wise guys delve further into their discussion on Equity Index Annuities. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

Advisors on This Week's Show Mike Hoelzl John Sandstrom Kyle Tetting Engineered by Jason Scuglik Market Closings for the Week Nasdaq – 26691, up 1317 points or 5.2% S&P 500 – 7758, up 268 points or 3.6% Dow Jones Industrial Average – 54037, up 1551 points or 3.0% 10-year U.S. Treasury Note – 4.55%, down 0.02 point On this week’s episode: The US workforce has shed 2.1M workers since November 2025, yet unemployment rate is in decline, making for a very unique labor market situation Bond vigilantes are doing the Fed’s dirty work How a few hot stocks can make “twin” funds act like strangers And more!

This week we had the privilege of hosting Leif Johan Sevland, President and CEO of the Offshore Northern Seas Foundation (ONS), for a Special Edition. Leif is a Norwegian business leader and former politician with a distinguished career spanning public service and the energy sector. Prior to joining ONS, Leif served as the Mayor of Stavanger from 2005 to 2011. The ONS 2026 Conference is fast approaching, taking place from August 24–27 in Stavanger, Norway. The conference is held biennially and attracts 70,000+ global industry leaders representing over 1,100 companies and 35+ countries. We were honored to host Leif to preview this year's conference, its major themes, and the trends shaping Norway's, Europe's and the world's energy landscape. In our conversation, Leif shared a preview of what attendees can expect at ONS 2026 and how this year's conference theme, Courage, is intended to challenge industry leaders to move beyond discussion and embrace decisive action in addressing the world's evolving energy needs. We explore Norway's unique position as both a leading oil and gas producer and an energy innovator, discussing how energy security, affordability, technological innovation, and shifting geopolitical dynamics are reshaping energy markets, investment priorities, and policy around the world. We examine Europe's evolving innovation ecosystem, the accelerating adoption of AI and its growing impact on power demand, renewed interest in nuclear energy, and the convergence of energy, defense, and industrial technologies. Leif emphasizes the importance of open dialogue, global collaboration, and developing the next generation of industry leaders, and shares how ONS brings together policymakers, operators, investors, entrepreneurs, and innovators to exchange ideas and help shape the future of energy. The Veriten team will be at ONS, participating in a few panels, and connecting with good friends and with some of our partner and portfolio companies that will also be in attendance. Mike Bradley started off the discussion by noting that two key market themes remained in place: lower oil prices and stronger equity markets. The 10-year Treasury yield remained range-bound, showing little directional movement. On the equity market front, the Dow Jones Industrial Average was up ~500 to 600 points on the day, with gains driven primarily by Amgen, Caterpillar, and Goldman Sachs. On the oil market front, downward pressure on crude prices continued, with WTI falling by approximately $1/bbl to around $75/bbl. The decline was driven largely by market optimism that the temporary pause in U.S. military strikes on Iran would remain in place. He noted, however, that oil prices appear increasingly oversold from a technical perspective, having declined roughly $10 to $15/bbl over the past one to two weeks. As a result, crude prices could rebound sharply should the current military pause end or geopolitical tensions re-escalate. He concluded by highlighting key takeaways from Saudi Aramco's 2Q earnings call, noting that management delivered a decidedly bullish message on the outlook for global oil markets. According to Aramco, oil markets are far tighter than many indicators/prices suggest. Aramco noted that global markets lost ~11mmbpd of supply because of the conflict and shipping disruptions; strategic reserve releases and inventory drawdowns have masked the true extent of the shortage; inventory data understates physical market tightness; global inventories have been heavily depleted and must now be rebuilt over several years; and it would take around 18 months and roughly 2.1mmbpd of incremental demand just to restore inventories to pre-conflict levels if conditions normalize immediately. We were fortunate to also have Veriten Venture Partner Karl Liapunov join and share his insights throughout the discussion. Karl is the founder of Starting Cold and is the U.S. Ecosystem Partner at Startuplab, where he previously served as Head of Energy & Climate Tech in Oslo.

The 1987 Stock Market Crash—known as Black Monday—stands as a defining moment in financial history, marked by a single-day decline of over 22% in the Dow Jones Industrial Average. This episode unpacks the forces that set the stage for such an unprecedented event, from the exuberance of the 1980s bull market to the rapid proliferation of portfolio insurance. Parallels to today's market environment highlight both new risks and reassuring differences, reinforcing the value of a long-term perspective. Join Dr. David Kelly, Chief Global Strategist, and Diago Mosqueira, Research Analyst, as they revisit Black Monday and share insights for navigating today's complex markets. Watch the video version on YouTube. Subscribe to the Notes on the Week Ahead podcast for more insights from Dr. David Kelly: Apple Podcasts | Spotify

Today we had the pleasure of hosting Corey Rosenbusch for a wide-ranging discussion on the fertilizer industry, global energy markets, and the geopolitical forces increasingly shaping both. Corey is the President and CEO of The Fertilizer Institute (TFI), headquartered in Arlington, Virginia. Corey joined TFI in 2020 after serving as President and CEO of the Global Cold Chain Alliance. He currently serves as Chair of the Texas A&M University Agricultural Leadership, Education & Communication Department Advisory Board and the Association Leadership Group. We were thrilled to host Corey to better understand the connections between fertilizer, natural gas, food security, and global supply chains. In our conversation, Corey provides a comprehensive overview of the global fertilizer industry and its critical connection to energy markets. He explains how natural gas serves as the essential feedstock for nitrogen fertilizer production, outlines the distinct dynamics of nitrogen, phosphate, potash, and sulfur markets, and discusses why fertilizer has become increasingly intertwined with global geopolitics, food security, and national security. We examine how disruptions in the Strait of Hormuz affected global flows of urea, ammonia, phosphate, and sulfur, why export restrictions from China and Russia have reshaped global trade, and how government subsidies, tariffs, and state-owned enterprises continue to influence fertilizer pricing and availability. Corey highlights the concentration of global fertilizer production and exports across a handful of countries and explains how those supply chains have become increasingly vulnerable to geopolitical disruption. Corey shares why current fertilizer market conditions differ from the 2022 Russia-Ukraine disruption, how weak farm economics and higher input costs are impacting U.S. growers, and why fertilizer prices are ultimately driven by global supply and demand rather than local production. We discuss the outlook for fertilizer demand, key Farm Bill provisions, including E15 and biostimulants, the competitiveness of U.S. fertilizer manufacturing, and why expanding domestic production, streamlining permitting, and maintaining access to affordable natural gas will be critical to strengthening both U.S. food security and energy security. We learned a great deal from Corey and greatly enjoyed the discussion. To start the show, Mike Bradley noted the day's market trifecta: lower bond yields, lower oil prices, and higher equity markets. The 10-year Treasury yield was trading between 4.60% and 4.65%, well below last week's high of ~4.75%. The Dow Jones Industrial Average (DJIA) was up approximately 1,000 points, driven largely by significant share price gains in Caterpillar and Goldman Sachs. These two stocks alone accounted for roughly 500 points of the DJIA's gain. He highlighted several companies scheduled to report second-quarter earnings results this week, including AMD, Disney, Eli Lilly, and SpaceX. On the oil market front, he noted that WTI crude oil prices had fallen roughly $9/bbl to ~$75-$76/bbl so far this week following a temporary pause in U.S. military strikes on Iran. While U.S. strikes are on hold for now, military action could resume at any point, contributing to heightened oil price volatility. Despite WTI declining more than 10% this week, the energy sector was down only ~1.5%. Investor focus last week was primarily on second-quarter earnings results from the U.S. integrated oil majors, Chevron and ExxonMobil, as well as refiners, with management teams indicating that global refining margins remain structurally tight. He highlighted BP's new CEO's comment that it would be "prudent" to stop thinking of BP as a traditional Big Oil supermajor and instead compete within its own weight class. He concluded by highlighting President Trump's remarks about to Chevron's and ExxonMobil's record-setting quarterly results. President Trump argued that these companies were making too much money and should return more of their profits to the public and lower retail prices. Chevron and ExxonMobil generated average second-quarter profit margins in the mid-to-high teens and have generally reported high single-digit to low-double-digit profit margins over the past three years. By comparison, large-cap tech companies reported average second-quarter profit margins of ~40% and have averaged ~45% to 50% profit margins over the last three years. Jeff Tillery added his perspective on the outlook for U.S. natural gas demand, noting that forecasts call for roughly 20 bcfd of cumulative demand growth over the next five years. While significant, he emphasized that this largely represents a continuation of trends already underway. U.S. natural gas demand increased by nearly 20 bcfd over the past five years, driven primarily by LNG exports, and he expects exports to remain the primary driver of growth going forward. While he remains constructive on the long-term natural gas demand outlook, he emphasized that the next phase is more evolutionary than transformational. 

Gene discusses the recent stock market pullback as major indexes test key short-term support levels following significant breakout moves. The Dow Jones Industrial Average, S&P 500, and S&P 400 MidCap Index have all advanced into record territory, highlighting the strength of the broader market trend despite near-term volatility. Listen to the rest of the episode for Gene's analysis and insights on what these developments could mean for investors.

U.S. equities hit record levels as investors priced in a potential reopening of the Strait of Hormuz, reducing perceived energy supply risk. The S&P 500 closed at a record, while the Dow Jones Industrial Average and the Nasdaq Composite also advanced. Oil benchmarks Brent crude and West Texas Intermediate edged lower, and energy volatility indicators cooled. Lower fuel costs could aid airlines and logistics operators and reduce surcharges across freight. Finance and procurement teams are reassessing hedges and contracts, and investors are watching inflation data and Federal Reserve commentary later this month for rate signals.Learn more on this news by visiting us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

P.M. Edition for Aug. 4. Millions of Americans are going without health insurance after the end of federal subsidies that kept their Affordable Care Act premiums down. WSJ reporter Anna Wilde Mathews discusses how that's weighing on hospital profits. Plus, strong earnings and hopes for an Iran deal send markets soaring. McDonald's aims to shake up its U.S. operations with a new boss after the U.S. division fell short in its most recent quarter. And SpaceX's revenue rose 92% in the first quarter since its IPO, while it reported a net loss of $541 million. 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: SpaceX releases first-ever quarterly financial report. And Palantir shares surge after the software company reported stronger-than-expected earnings. Imani Moise 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.

The Weekly Option Episode 438 July 31, 2026 Welcome to The Weekly Option, a weekly program that offers practical trades and discussion for beginners and professionals alike. The topic of the week is paying tuition. In this week's show, we will cover the trades from last week on T1 Energy, Sable Offshore Corp, Mobileye Global Inc, and the ishares Ethereum Trust ETF. And we discuss four new trades on Keel Infrastructure Corporation, the Tradr 2X Long SNDK Daily ETF, American Airlines, and First Majestic Silver Corporation. The equity markets moved roughly 1% higher this week. The Dow Jones Industrial Average gained 537 points, closing the week at 52,485 points. The S&P 500 Index picked up 77 points, ending the week at 7,489 points. It's always great to hear from listeners. If you have any questions about the trades presented here or about your own positions, feel free to email me. Email questions to me: eric@theweeklyoption.com Visit our YouTube Channel for The Weekly Option.com. PODCAST LINKS FOR EPISODE POST Listen on iTunes:  https://itunes.apple.com/us/podcast/the-weekly-option/id1375267155 Listen on YouTube Music:  https://music.youtube.com/channel/UCTo2yTkZPhqvlE8PdZkyTZA Listen on Spotify: https://open.spotify.com/show/6HoYh2XxVCWaidJP4dJiSD Listen on Audible by Amazon: https://www.audible.com/podcast/The-Weekly-Option/B08K57QL6S?language=en_US Listen on PodBean: https://www.podbean.com/podcast-detail/r5aam-6a884/The-Weekly-Option-Podcast YouTube Channel: https://goo.gl/u7JKJd Option Trading Basics: My Favorite Strategies: https://youtu.be/8UmPK5tuez0 How to Trade Stock Using Technical Analysis: https://youtu.be/wAATt0RpE0w Technical Analysis Videos: https://www.youtube.com/channel/UCnpPLl3EB_RBC5kyrCnsHow TradingView Stock Charts For Analysis: https://www.tradingview.com/gopro/?share_your_love=TraderEric

Wall Street finished the week higher despite another bout of volatility driven by interest rates, inflation concerns, and technical selling in the technology sector. The Dow Jones Industrial Average gained 1.0%, while the S&P 500 rose 1.0% and the Nasdaq advanced 1.6%. Year to date, the Dow and Nasdaq are each up 9.2%, with the S&P 500 leading at 9.4%. The Money Wise guys discuss the Federal Reserve's latest meeting, rising Treasury yields, and why July's weakness in the Nasdaq appears to have been driven more by leverage, margin calls, and technical market mechanics than by any meaningful deterioration in corporate fundamentals. The hosts also highlight continued strength in corporate earnings and why disciplined investors should separate short-term market volatility from long-term business performance. The second half of the program shifts to investor education, examining how large Wall Street firms construct portfolios and the importance of understanding what you're paying for. The discussion covers the potential drawbacks of excessive portfolio complexity, why simply owning dozens of mutual funds or ETFs doesn't necessarily improve diversification, and the value of ongoing research and active oversight. The team also explores the role of algorithms in portfolio management, the importance of knowing who is actually making investment decisions, and why investors should ask thoughtful questions about fees, investment selection, and potential conflicts of interest before choosing a financial professional. The overarching message is that successful portfolio management is both a science and an art, requiring disciplined research, experience, and accountability rather than relying solely on automation or product selection. Active Management A portfolio with dozens of mutual funds or exchange-traded funds may appear well diversified, but quantity alone doesn't necessarily improve investment outcomes. Many funds hold similar securities, creating overlap that can add complexity without providing meaningful additional diversification. Building a portfolio is about selecting investments that work together toward a specific objective, not simply accumulating more positions. For long-term investors, understanding how investments complement one another, regularly reviewing portfolio holdings, and maintaining a disciplined process can be more valuable than owning an ever-growing list of funds.  In the second hour, the Money Wise guys give listenters a peek into what Wall Street Won't Tell You. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management

Advisors on This Week's Show Adam Baley Dave Sandstrom Jason Scuglik Kyle Tetting Engineered by Jason Scuglik Market Closings for the Week Nasdaq – 25374, up 398 points or 1.6% S&P 500 – 7490, up 78 points or 1.1% Dow Jones Industrial Average – 52485, up 538 points or 1.0% 10-year U.S. Treasury Note – 4.75%, up 0.06 point On this week’s episode: The team discusses current financial scams on the rise. Listen to learn what to look out for, how to handle a scammer and more! Then, check out our latest blog post for advice on what to do if you have been scammed.

Today on America in the MorningFauci Takes The Fifth Dr. Anthony Fauci appeared before a Senate committee Wednesday under subpoena, invoking his Fifth Amendment right to not answer a question over 100 times during a hearing that also saw one of his attorneys escorted from the chamber.  Jim Roope reports that Fauci, who received a pardon from President Biden before he left office, could face Contempt of Congress charges as early as next week.   Blanche's Nomination In Question A day before the Senate Judiciary Committee was scheduled to vote on Todd Blanche's nomination for attorney general, the Senior Senator from Texas canceled a meeting with the nominee.  Correspondent Clayton Neville reports the Blanche nomination is now hanging on by a thread.  Middle East Fighting Intensifies Attacks in the Middle East escalated Wednesday and Wednesday night following Iran's surprise missile launch against a US base in Jordan.   Trump Wants SCOTUS To Rule On Carroll Case President Donald Trump has asked the U.S. Supreme Court to overturn the $83 million dollar judgment against him in the defamation case brought by columnist E. Jean Carroll.  Correspondent Lisa Dwyer reports the Justice Department is also petitioning the high court to allow the federal government to replace Trump as the defendant in the case.   Business News  Wall Street suffers its worst day in 2026.   Clayton Confirmed Despite concerns by some Democrats over 2020 election comments, the Senate has confirmed Jay Clayton as the nation's intelligence director.  Correspondent Julie Walker reports.   FED's Interest Rate Reaction Wall Street suffered its worst day of the year on Wednesday despite the Federal Reserve not raising interest rates, but it was opposition by some members of the Fed leaving key rates unchanged that helped send the Dow Jones Industrial Average to an 11 hundred point loss.  Washington correspondent Sagar Meghani reports.   Graham's Home Funeral Following a memorial service in Washington on Tuesday attended by Israeli Prime Minister Netanyahu, Ukraine's Volodymyr Zelenskyy, and President Trump, Senator Lindsey Graham was remembered in his home state of South Carolina on Wednesday.  Correspondent Lisa Dwyer reports.   Latest On The California Rescue The video looks like a made-for-TV movie - A sixteen year old lifeguard put his own life on the line, going into the violent surf at Santa Cruz, California to rescue a 10-year-old boy who got dragged out by the strong current.  Correspondent Bob Brown reports that teen has garnered acclaim worldwide for his heroic actions, and also got the attention of President Trump who says Ryder Williams deserves a White House honor – audio courtesy KNTV-San Francisco.   Mayor's Disturbing Allegations The Mayor of St. Paul, Minnesota is under investigation after allegations of sexual harassment from the city's police chief and other city employees. Correspondent Clayton Neville reports.  Finally   A Hollywood star is facing more allegations of sexual assault.  Entertainment reporter Kevin Carr has the latest on the troubles facing Jared Leto. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Plus: Oil prices jump after Iran launched a surprise attack on U.S. forces. And Ford shares rallies after raising outlook. Imani Moise 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.

Today we were delighted to welcome James West, Managing Director and Head of Energy and Power Research at Melius Research. James is a longtime energy analyst with more than 25 years of experience leading research teams covering oilfield services, equipment, clean energy, and power at Lehman Brothers, Barclays, Evercore ISI, and now Melius. Since joining Melius, James has expanded his coverage to include independent power producers (IPPs) and the broader power ecosystem. We were pleased to visit with James to hear his latest perspectives on the rapidly evolving energy landscape and the investment themes shaping the next decade. In our conversation, James reflects on his transition from Evercore ISI to Melius and explains why he believes the traditional Wall Street research model is evolving toward a more integrated approach that combines energy, power, technology, and industrials. We discuss how AI-driven electricity demand is accelerating the convergence of these sectors, why access to reliable power has become the biggest bottleneck to AI deployment, and why understanding the entire energy value chain has become increasingly important for investors. We examine the latest earnings season, the recent wave of energy, power, and nuclear IPOs, and how investor sentiment has shifted from enthusiasm around AI infrastructure to a greater focus on execution and capital discipline. James explains why he remains constructive on the long-term outlook for oilfield services, offshore development, international upstream activity, independent power producers, and natural gas, while highlighting the growing importance of behind-the-meter power solutions, regulatory reform, and grid infrastructure. We explore the outlook for advanced nuclear, geothermal, and critical minerals, Canada's strategic role in North American energy markets, how investors are balancing long-duration growth opportunities with near-term market volatility, and why AI is changing the way companies communicate with investors. As James notes, “your press releases have to be written for Claude or ChatGPT, whoever's going to read it before the analyst.” We wrap up the discussion with James' reflections on New York City's enduring role as a global financial and innovation hub. We greatly enjoyed the conversation and appreciate James taking the time to join us. To start the show, Mike Bradley noted that fixed income markets were focused on the upcoming FOMC meeting, scheduled for Wednesday. The consensus expectation is for the Federal Reserve to leave interest rates unchanged. However, there remains a small possibility of a 25-basis-point rate increase, a move that could place Chairman Warsh in President Trump's crosshairs. From a broader equity market standpoint, the S&P 500 was up ~0.5% and the DJIA had gained 600 to 700 points. He attributed much of Tuesday's advance to the sharp decline in oil prices. He also highlighted ongoing sector rotation, with investors shifting capital out of semiconductor stocks and into industrial names. Apple joined the exclusive $5 trillion market-cap club. Another key area of focus this week will be AI-related capex, with three of the Magnificent Seven technology companies scheduled to report earnings. On the oil market front, he highlighted the sharp decline in crude prices, noting that Brent crude had fallen by ~$13/bbl during the week to ~$83/bbl, while WTI crude had declined by ~$11/bbl to ~$78/bbl. He attributed the selloff to rapidly shifting sentiment surrounding the on-again, off-again conflict with Iran. He concluded by noting that the Energy sector had been one of the market's strongest performers over the past several weeks but was down ~4% this week as declining oil prices weighed on sentiment. He emphasized that investors will be closely focused this week on second-quarter earnings reports from the U.S. integrated oil majors and refiners. Investors are hopeful that refiner commentary will provide greater insight into global refined product market fundamentals. Jeff Tillery noted that enthusiasm around AI-driven power infrastructure has cooled alongside AI capex sentiment, pressuring many merchant power and generation stocks, including several recent IPOs. Looking ahead, he believes the sector is entering an execution phase where investors will begin distinguishing between winners and losers rather than rewarding the entire theme uniformly.

Plus: Oil prices fall on hopes for an agreement to reopen the Strait of Hormuz. And Coca-Cola stock climbs following a strong second-quarter earnings report. Imani Moise 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.

The Weekly Option Episode 437 July 24, 2026 Welcome to The Weekly Option, a weekly program that offers practical trades and discussion for beginners and professionals alike. The topic of the week is hesitation. In this week's show, we will cover the trades from last week on EOS Energy Enterprises, Fermi Inc., Lucid Group Inc, and the  iShares Bitcoin Trust Beneficial Interest. And we discuss four new trades on T1 Energy, Sable Offshore Corp, Mobileye Global Inc, and the ishares Ethereum Trust ETF. The equity markets finished the week lower by less than one percent. The Dow Jones Industrial Average lost 199 points, closing on Friday at 51,947 points. The S&P 500 Index lost 45 points, ending the week at 7,411 points. It's always great to hear from listeners. If you have any questions about the trades presented here or about your own positions, feel free to email me. Email questions to me: eric@theweeklyoption.com Visit our YouTube Channel for The Weekly Option.com. PODCAST LINKS FOR EPISODE POST Listen on iTunes:  https://itunes.apple.com/us/podcast/the-weekly-option/id1375267155 Listen on YouTube Music:  https://music.youtube.com/channel/UCTo2yTkZPhqvlE8PdZkyTZA Listen on Spotify: https://open.spotify.com/show/6HoYh2XxVCWaidJP4dJiSD Listen on Audible by Amazon: https://www.audible.com/podcast/The-Weekly-Option/B08K57QL6S?language=en_US Listen on PodBean: https://www.podbean.com/podcast-detail/r5aam-6a884/The-Weekly-Option-Podcast YouTube Channel: https://goo.gl/u7JKJd Option Trading Basics: My Favorite Strategies: https://youtu.be/8UmPK5tuez0 How to Trade Stock Using Technical Analysis: https://youtu.be/wAATt0RpE0w Technical Analysis Videos: https://www.youtube.com/channel/UCnpPLl3EB_RBC5kyrCnsHow TradingView Stock Charts For Analysis: https://www.tradingview.com/gopro/?share_your_love=TraderEric

Yahoo Finance reported that Dow Jones Industrial Average, S&P 500, and Nasdaq Composite futures were steady as new U.S. import tariffs took effect following a tech-led selloff earlier in the week. The change raises landed costs for importers and forces choices on margins, pricing, and sourcing, with hardware, electronics, industrial components, and apparel most exposed. Public market volatility can slow late-stage venture deals, narrow the IPO window, and lift financing costs. Founders are watching earnings season, management guidance on pricing and inventory, and Federal Reserve signals to gauge demand and rates. Operators are mapping tariff exposure at the SKU level, renegotiating supplier terms with pass-through clauses, diversifying supply, testing targeted price adjustments, and shoring up liquidity to extend runway.Learn more on this news by visiting us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

Plus: Oil prices approach $100 a barrel as tensions continue to escalate between the U.S. and Iran. And Tesla shares fall after hours following earnings report. Imani Moise 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.

Today we had the pleasure of hosting Giacomo "Jack" Prandelli, Founder of The Merchant's News Substack. The Merchant's News covers oil, gas, LNG, metals, and geopolitics, with a particular focus on global trade flows, commodity markets, and the macro forces shaping energy prices. Jack is a former commodities trader who has built a large global following on LinkedIn and X through his data-driven analysis of rapidly evolving geopolitical events and energy markets. We were pleased to visit with Jack to discuss the Strait of Hormuz crisis, the resilience of global oil markets, and the evolving geopolitical forces reshaping the global energy landscape. In our conversation, Jack explains why he believes oil prices have been far more resilient than many expected despite the Strait of Hormuz crisis. He walks us through a few charts and outlines how coordinated releases from strategic petroleum reserves, a stronger-than-anticipated recovery in global oil flows, and increased production from the U.S. and Middle East producers helped offset supply disruptions. We discuss the evolving balance of power in global energy markets, including the growing influence of U.S. production, China's role as the world's largest oil importer, and what the conflict revealed about OPEC, strategic petroleum reserves, and the resilience of the global energy system. Jack outlines why refining, not crude supply, has emerged as the market's primary constraint, how Russian refinery attacks and China's inventory strategy have reshaped global energy flows, and why he believes the market remains structurally bullish over the longer term. We also explore the shift toward energy security, deglobalization, and the changing geopolitical landscape as countries increasingly prioritize control over energy, refining, and commodity supply chains. We greatly appreciate Jack for joining us and sharing his insights. To start the show, Mike Bradley noted that fixed income markets continue to trend higher, with the 10-year Treasury yield rising to ~4.62% and the 30-year Treasury yield reaching ~5.14%. Both benchmarks are nearing the peak levels seen during the height of the Iran war, highlighting bond market concerns around inflation. On the broader equity market front, the S&P 500 was up just under 1% for the week to date, while the Dow Jones Industrial Average was Tuesday's standout performer, gaining ~400 points on strength in industrial stocks, led by 3M, whose shares surged ~8%. Several high-profile companies are scheduled to report results this week, including Alphabet (Google), Tesla, IBM, Intel, and NextEra Energy. On the oil market front, Brent crude was trading at ~$91/bbl, up ~$3/bbl for the week and ~$15/bbl over the past two weeks. Notably, Brent settled above $90/bbl for the first time since early June. Mike noted that the energy complex is wrestling more with global refining constraints than a global crude oil supply shortage. As evidence, U.S. Gulf Coast refining crack spreads have risen to ~$70/bbl, up from ~$60/bbl three weeks ago and from ~$25/bbl prior to the onset of the Iran war. He concluded by noting that investors are turning their attention to second-quarter earnings across the oilfield services sector, with Halliburton kicking off the group's reporting season on Tuesday. Several other key service providers are scheduled to report this week, including Weatherford International, Liberty Energy, Oceaneering International, and SLB. The broader energy sector will also be active, with earnings expected from EQT Corporation, Range Resources, Equinor, Kinder Morgan, Ovintiv, TotalEnergies, and Repsol. Veriten Senior Advisor Deborah Byers also joined and added her perspectives and questions throughout the conversation.

Plus: Oil tops $90 a barrel as Middle East conflict continues. And shares of Utz Brands soar after the snack-food maker agrees to go private. Imani Moise 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.

The Weekly Option Episode 436 July 17, 2026 Welcome to The Weekly Option, a weekly program that offers practical trades and discussion for beginners and professionals alike. The topic of the week is creating my own AI trading coach. In this week's show, we will cover the trades from last week on Quantum Computing Inc, Replimune Group Inc, the Nokia ADR, and Super Micro Computer Inc. And we discuss four new trades on EOS Energy Enterprises, Fermi Inc., Lucid Group Inc, and the iShares Bitcoin Trust Beneficial Interest. The equity markets inched lower this week. The Dow Jones Industrial Average lost 490 points, ending the week at 52,146 points. That’s a loss of 0.93%. The S&P 500 Index lost 117 points, ending the week at 7,457 points. That’s 1.55% lower. It's always great to hear from listeners. If you have any questions about the trades presented here or about your own positions, feel free to email me. Email questions to me: eric@theweeklyoption.com Visit our YouTube Channel for The Weekly Option.com. PODCAST LINKS FOR EPISODE POST Listen on iTunes:  https://itunes.apple.com/us/podcast/the-weekly-option/id1375267155 Listen on YouTube Music:  https://music.youtube.com/channel/UCTo2yTkZPhqvlE8PdZkyTZA Listen on Spotify: https://open.spotify.com/show/6HoYh2XxVCWaidJP4dJiSD Listen on Audible by Amazon: https://www.audible.com/podcast/The-Weekly-Option/B08K57QL6S?language=en_US Listen on PodBean: https://www.podbean.com/podcast-detail/r5aam-6a884/The-Weekly-Option-Podcast YouTube Channel: https://goo.gl/u7JKJd Option Trading Basics: My Favorite Strategies: https://youtu.be/8UmPK5tuez0 How to Trade Stock Using Technical Analysis: https://youtu.be/wAATt0RpE0w Technical Analysis Videos: https://www.youtube.com/channel/UCnpPLl3EB_RBC5kyrCnsHow TradingView Stock Charts For Analysis: https://www.tradingview.com/gopro/?share_your_love=TraderEric

Advisors on This Week's Show Kendall Bauer Mike Hoelzl Kyle Tetting Engineered by Jason Scuglik Market Closings for the Week Nasdaq – 25520, down 761 points or 2.9% S&P 500 – 7458, down 118 points or 1.6% Dow Jones Industrial Average – 52146, down 491 points or 0.9% 10-year U.S. Treasury Note – 4.55%, down 0.02 point On this week’s episode: Build a balanced portfolio, don’t just chase the winners. Earnings so far have been strong, and we’ll continue to learn about the effects of of AI spending. AI might reshape how we think about password security. Two-factor authentication is important! US Inflation is hotter than the rest of the world. And more!

SpaceX  – Price almost $135 – full retracement. Earnings season in on –  here we go! Inflation – choppy. War back on! Straits Open? Or? New Diet? CYCLOSPORIASIS 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 - CTP for SpaceX  - Price almost hit $135 yesterday - Earnings season 0 here we go! - Inflation - choppy - War back on! Straits Open? Or? New Diet? CYCLOSPORIASIS Markets - Inflation - Some Relief - IBM's Pre-Annnouncment - What does this say? - Bank earnings and an earnings cheat sheet - Some interesting chart data Health Update: Meniscus Repair next Thursday.... Today IBM stood for 'I Be Melting' as Big Blue turned into Big Blew Up... IBM: It's Been Murdered IBM: I Bought Misery IBM: Investment Board Malfunction Big Blue looked more like Deep Red today The only cloud around IBM today was hanging over the stock chart IBM investors got a free software update: Version 2.0 of disappointment. IBM'S AI FACE-PLANT - IBM shares plunged as much as 25%, putting the stock on pace for its worst session on record. - Preliminary revenue was $17.2 billion versus expectations near $17.9 billion. - Adjusted earnings were projected at $2.93 per share versus roughly $3.01 expected. - Management said customers redirected spending toward AI servers, memory and hardware while delaying software purchases. - The drop removed roughly 375 points from the price-weighted DJIA. - JCD and AH were both right and wrong for the weekly stock picks TRUTH? - President Trump says U.S. blockade will apply only to ships from Iranian ports; says Strait of Hormuz is open to all traffic except for Iran; says "Based on highly productive conversations with Middle East leadership, I have decided to replace the 20% United States reimbursement fee with trade and investment deals that the various Gulf States will be making into the United States" - Can never be proven - no real numbers here.... Clearly needed to walk back the 20% item - Hormuz still hobbled - best estimates are that the ships passing are 20% of pre-war levels INFLATION RELIEF - FOR NOW - June CPI rose 3.5% year over year, down from 4.2% in May and below the 3.8% consensus. - Core CPI held at 2.6%. - Falling gasoline and energy prices drove much of the improvement. - Traders sharply reduced expectations for a July Fed rate increase. - Treasury yields fell and the Nasdaq advanced. WALL STREET BANKS PRINT MONEY - JPMorgan posted $21.2 billion in net income, helped by special items. - Markets revenue rose 35% to $12.1 billion, including an 86% jump in equities revenue. - Bank of America earned $9.1 billion as equities trading revenue increased 70%. - Goldman Sachs reported earnings of $20.98 per share and a 23.5% annualized return on common equity. - Jamie Dimon described conditions as close to "as good as it gets." THE $26.5 BILLION AI-MEMORY IPO - $ GRAB - SK Hynix raised $26.5 billion through a Nasdaq ADR listing. - The offering priced at $149 and finished approximately 13% higher the day of the offering, but sunk the next. - Demand reportedly exceeded the available shares by more than seven times. - SK Hynix supplies high-bandwidth memory used in Nvidia-powered AI systems. - The listing gives U.S. investors direct access to one of the largest beneficiaries of AI infrastructure spending. - - Samsung is on tap to do the same thing... Some Interesting Charts Best Quarters Plus One Equal vs Cap-Weight OIL'S CEASEFIRE WHIPLASH - Brent crude jumped 5.2% to $78.02 a barrel after the U.S.-Iran ceasefire broke down. - WTI rose 4.4% to $73.52. - Markets repriced the risk of interrupted tanker traffic through the Strait of Hormuz. - Energy stocks gained while airlines and the broader market weakened. - Rising oil prices could quickly reverse the energy-related improvement seen in the June inflation report. APPLE SUES OPENAI - AI PARTNERS TURN RIVALS - Apple sued OpenAI and two former Apple employees on July 10, alleging coordinated theft of hardware trade secrets. - The defendants include OpenAI hardware chief Tang Tan and technical employee Chang Liu, both former Apple employees. - Apple claims confidential product designs and manufacturing information were taken to accelerate OpenAI's consumer-device program. - More than 400 former Apple employees reportedly now work at OpenAI, highlighting the scale of the talent migration between the companies. IPO AND MEGADEAL FEVER RETURNS - Global deals valued above $10 billion reached record levels during the first half of 2026. - Mega-deals represented approximately 43% of newly announced M&A volume. - Investment-banking revenue surged across JPMorgan, Bank of America and Goldman Sachs. - Large offerings from SpaceX and SK Hynix added momentum to underwriting activity. - The boom depends on high equity valuations, strong AI demand and large transactions continuing. BANKS BANKS BANKS JPMORGAN CHASE - RECORD PROFIT - Profit reached a record $16.9 billion, or $6.14 per share, versus $5.59 expected. - Managed revenue totaled $58 billion, with every major business reporting record revenue. - Markets revenue rose 35%, led by an 86% surge in equities trading. - Investment-banking revenue increased 30% to its highest level since 2021. - Jamie Dimon warned that geopolitical tensions, sticky inflation, fiscal deficits and elevated asset prices remain major risks. BANK OF AMERICA - TRADING RECORD - Net income rose 27% to $9.1 billion, or $1.21 per share, versus $1.13 expected. - Revenue increased 15% to $31.6 billion. - Sales and trading revenue jumped 33% to a record $7.1 billion; equities revenue rose 70%. - Investment-banking fees increased 50% to $2.1 billion. - Full-year net-interest-income growth is now expected near the upper end of the previous 6% to 8% range. GOLDMAN SACHS - DEAL BOOM - Profit reached $6.63 billion, or $20.98 per share, versus $14.48 expected. - Revenue totaled $20.3 billion. - Equities revenue surged 72% to a record $7.42 billion. - Fixed-income, currency and commodities revenue increased 32% to $4.59 billion. - Investment-banking fees jumped 55%, helping send Goldman shares to a record high. CITIGROUP - DECADE-HIGH REVENUE - Net income jumped 45% to $5.8 billion, or $3.15 per share, versus roughly $2.74 expected. - Revenue rose 14% to $24.8 billion, the bank's highest quarterly revenue in a decade. - Investment-banking revenue increased 44% to $1.55 billion. - Equities trading revenue rose 45%, while fixed-income trading increased 7%. - Return on tangible common equity reached 13%, matching the upper end of management's target range. WELLS FARGO - BACK ON OFFENSE - Net income rose 22% to $6.4 billion, or $2.00 per share. - Revenue reached $22.6 billion and topped expectations. - Investment-banking revenue increased 20%. - Markets revenue rose 24% as volatility boosted client activity. - Management said the removal of regulatory growth restrictions is allowing the bank to deploy capital and expand its balance sheet. Bank Returns Post Earnings (July 14, 2026) Bank Stocks Earnings Cheat Sheet - JULY 15 - ASML: Expected EPS around $7.92 on $10.25 billion revenue; bookings, EUV demand and updated AI-chip equipment guidance will matter most. - JULY 15 - JOHNSON & JOHNSON: Expected EPS around $2.86 on $25.02 billion revenue; watch pharmaceutical growth, medical-device demand and full-year guidance. - JULY 15 - MORGAN STANLEY: Expected EPS around $2.89 on $19.38 billion revenue; trading, investment banking and wealth-management inflows are the key numbers. - JULY 15 - BLACKROCK: Expected EPS around $12.59 on $6.80 billion revenue; assets under management, ETF flows and private-market fundraising will be in focus. - JULY 16 - TSMC: Expected EPS around $3.76-$3.77 on roughly $40 billion revenue; AI demand, gross margin and any increase to capital-spending guidance are critical. - JULY 16 - UNITEDHEALTH: Expected EPS around $4.84 on $110.8 billion revenue; medical-cost trends and the durability of full-year guidance are the main issues. - JULY 16 - GE AEROSPACE: Expected EPS around $1.85 on $11.8 billion revenue; engine deliveries, service revenue and supply-chain constraints will drive the reaction. - JULY 16 - NETFLIX: Expected EPS around $0.79 on $12.58 billion revenue; advertising growth, engagement and operating-margin guidance will matter more than subscribers. - JULY 17 - TRAVELERS: Expected EPS around $5.33 on roughly $11 billion revenue; catastrophe losses, insurance pricing and reserve development are the key swing factors. - JULY 17 - FIFTH THIRD: Expected EPS around $0.98 on $3.25 billion revenue; net-interest income, deposit costs and credit quality will be closely watched. WAYFAIR GOES PHYSICAL - Wayfair opened its second large-format store in Atlanta on March 31, following the 2024 debut of its 150,000-square-foot Wilmette, Illinois flagship. - The company is building a national store network, with Denver expected later in 2026 and Yonkers, Cincinnati and Princeton locations planned for 2027. - The stores combine furniture, decor, appliances and home-improvement products, giving customers a chance to test large purchases before ordering. - The strategy is a major reversal for an online-first retailer and is designed to increase brand awareness, reduce dependence on digital advertising and capture shoppers returning to physical stores. AI SOVEREIGN WEALTH FUND - PUBLIC OWNERSHIP DEBATE - Bernie Sanders introduced legislation requiring the largest AI companies to transfer 50% of their equity into a U.S. sovereign wealth fund. - The fund is projected by supporters to hold roughly $7 trillion and could finance annual public dividends and government services. - OpenAI has separately floated a much smaller proposal in which major AI companies would voluntarily contribute about 5% of their equity. - Supporters call it a way to share AI-created wealth; critics warn government ownership could discourage investment, distort regulation and reduce innovation. PSA  - That's what we do....CYCLOSPORIASIS OUTBREAK - CASES SURGE - Cyclosporiasis cases are rising across more than 30 states, with Michigan, Ohio and New York reporting particularly large increases. - The CDC reported at least 843 confirmed cases and 86 hospitalizations by July 9, but state totals and reporting delays suggest the real count is substantially higher. - Lettuce, salad greens and other fresh produce are being investigated, although officials have not identified a specific product, supplier or national recall. - The parasite causes prolonged or recurring watery diarrhea; washing produce may reduce risk, and persistent symptoms should prompt medical testing and treatment. HOW TO REDUCE CYCLOSPORIASIS RISK (FWIW) - Wash hands with soap before preparing food and after using the bathroom. - Rinse fresh fruits, vegetables and herbs thoroughly under running water; scrubbing helps but cannot guarantee removal. - Keep raw produce separate from unwashed items, dirty utensils and preparation surfaces. - When traveling in tropical or subtropical areas, use safe water and avoid raw produce you cannot peel yourself; routine chemical sanitizers may not kill Cyclospora. 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

The Weekly Option Episode 435 July 11, 2026 Welcome to The Weekly Option, a weekly program that offers practical trades and discussion for beginners and professionals alike. The topic of the week is remembering your own trading goals. In this week's show, we will cover the trades from last week on  SELLAS Life Sciences Group, the T-Rex 2X Long MSTR Daily Target ETF, BitMine Immersion Technologies, and SoFi Technologies Inc. And we discuss four new trades on Quantum Computing Inc, Replimune Group Inc, the Nokia ADR, and Super Micro Computer Inc. The equity markets finished the week mixed with the Dow and the S&P finishing in different directions. The Dow Jones Industrial Average lost 263 points, closing at 52,637 points. The S&P 500 Index grew 92 points, ending the week at 7,575 points. It's always great to hear from listeners. If you have any questions about the trades presented here or about your own positions, feel free to email me. Email questions to me: eric@theweeklyoption.com Visit our YouTube Channel for The Weekly Option.com. PODCAST LINKS FOR EPISODE POST Listen on iTunes:  https://itunes.apple.com/us/podcast/the-weekly-option/id1375267155 Listen on YouTube Music:  https://music.youtube.com/channel/UCTo2yTkZPhqvlE8PdZkyTZA Listen on Spotify: https://open.spotify.com/show/6HoYh2XxVCWaidJP4dJiSD Listen on Audible by Amazon: https://www.audible.com/podcast/The-Weekly-Option/B08K57QL6S?language=en_US Listen on PodBean: https://www.podbean.com/podcast-detail/r5aam-6a884/The-Weekly-Option-Podcast YouTube Channel: https://goo.gl/u7JKJd Option Trading Basics: My Favorite Strategies: https://youtu.be/8UmPK5tuez0 How to Trade Stock Using Technical Analysis: https://youtu.be/wAATt0RpE0w Technical Analysis Videos: https://www.youtube.com/channel/UCnpPLl3EB_RBC5kyrCnsHow TradingView Stock Charts For Analysis: https://www.tradingview.com/gopro/?share_your_love=TraderEric

The Dow Jones Industrial Average closed above 53,000 for the first time this week but pulled back in the following sessions. Glenn Dorsey believes the metric still shows stock momentum remains strong. He discusses the economic outlook, earnings season, small-cap growth opportunities, the Fed's next moves, and what lies ahead for the Mag 7.======== 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

Advisors on This Week's Show Art Rothschild Steven Giles Tom Booth Kyle Tetting Engineered by Jason Scuglik Market Closings for the Week Nasdaq – 26282, up 449 points or 1.7% S&P 500 – 7575, up 92 points or 1.2% Dow Jones Industrial Average – 52637, down 263 points or 0.5% 10-year U.S. Treasury Note – 4.57%, up 0.08 point On this week’s episode: Reminder: Elon Musk is not your boyfriend. We’re seeing some risks in concentrating your investments to one specific index. Don’t put all your eggs in one basket. Remember what Steve wrote in his article about diversification this week! While AI is a near-term inflation problem, it may prove to be a long-term inflation solution. Consumer credit plunged in May, elevated mortgage rates and record high prices resulted in fewer home sales in June, the labor market remains stable. And more!

It's Wednesday, July 8th, A.D. 2026. This is The Worldview in 5 Minutes heard on 140 radio stations and at www.TheWorldview.com.  I'm Adam McManus. (Adam@TheWorldview.com) By Jonathan Clark and Adam McManus Rising anti-Christian incidents in Israel Anti-Christian incidents are surging in Israel this year. A report from the Religious Freedom Data Centre found there were 83 incidents of harassment during the second quarter of 2026. That's up from 44 incidents during the first quarter.  These incidents include spitting, verbal assault, threatening behavior, and physical assault. The report noted, “In recent years, these acts have increasingly taken place openly, in broad daylight.” In John 15:18, Jesus said, “If the world hates you, you know that it hated Me before it hated you.” Hamas dissolved Gaza government The Islamic Resistance Movement, known as Hamas, announced the dissolution of its government in Gaza on Monday. The Islamic militant group took control of the Palestinian territory in 2007. In 2023, it led an attack on Israel. Since then, Israel and Hamas have been at war. The Trump administration has been working on a peace plan to end the conflict over the past year. Hamas is now preparing to transfer power to a committee backed by the United States.  Fewer Americans support Israel Support for Israel is declining in America. The data comes from a new Associated Press-National Opinion Research Center poll.  Forty-percent of U.S. adults say America is too supportive of Israel's conflict with the Palestinians. That's up from 37% in 2024. Along party lines, 60 percent of Republicans say the U.S. shows the right amount of support for Israel. That's up from 33 percent in 2024. Meanwhile, 58 percent of Democrats say the U.S. supports Israel too much. That's up from 45 percent in 2024. Trump: “Our founders were great, our cause was just.” U.S. President Donald Trump gave his Independence Day speech at the National Mall in Washington, D.C. last week.  President Trump celebrated America's unique freedoms on the 250th anniversary of the signing of the Declaration of Independence. He said, “Unlike so many others in the world, in this country we have freedom of speech, freedom of religion, equal justice under the law.” Listen to more of his comments.  TRUMP: “We have thrived and flourished because our founders were great, our cause was just, our people are brave, our culture is exceptional, and our destiny is written by God. (applause) “And, as we can see here tonight, after 250 years, the spirit of 1776 still lives within us all. At 250 years old, we may be the oldest constitutional republic on Earth, but our country is just getting started, because the best is yet to come.” (applause) Psalm 67:3-4 says, “Let the peoples praise You, O God; let all the peoples praise You. Oh, let the nations be glad and sing for joy! For You shall judge the people righteously, and govern the nations on Earth.” South Carolina prohibits bank discrimination against Christians The state of South Carolina will prevent banks from discriminating against people on the basis of their beliefs.  Republican Governor Henry McMaster signed the Guarantee Banking Act last week. The measure prohibits large financial institutions in the state from denying financial services to people over their religious or political beliefs.  Matt Sharp with Alliance Defending Freedom commented, “By enacting this bill, South Carolina joins Tennessee and Idaho in leading the charge to protect citizens, non-profits, religious organizations, and businesses from discriminatory debanking.” U.S. stock market surged The U.S. stock market surged during the first half of 2026. Markets grew despite war in the Middle East and oil shortages.  The Dow Jones Industrial Average rose 8.9 percent this year. That's its best growth during the first half of a year since 2021. The S&P 500 climbed 9.4 percent this year, and the tech-heavy Nasdaq grew 12.5 percent.  Britain discovered rare copy of Declaration of Independence PBS reports on a rare copy of the Declaration of Independence that was discovered in the United Kingdom this year.  A volunteer at the country's National Archives was cataloguing the papers of Royal Navy captains from the American War for Independence. That's when volunteer Michael Scurr found the rare copy of the Declaration. It was one of 11 copies printed in Exeter, New Hampshire in July 1776. The copy was later seized by the British Royal Navy on Christmas Eve of the same year. It remained buried in archives until this February. Dr. Graham Moore from The National Archives said the discovery is “one of the rarest forms of the Declaration we know about.” Worldview listeners weigh in from Alaska and Kentucky Trevor Williams, age 10, in Wasilla, Alaska, wrote, “You are doing good with The Worldview in 5 Minutes. Please keep it going! Me and my family listen to it every morning at Bible time. I love to hear it. It is good to know about these things. Keep on doing these podcasts.” Jason Oleson in Fairbanks, Alaska wrote, “I think The Worldview is very unique in that it focuses on lots of statistics and shows things that are very alarming, but also overlooked by many other outlets. The Worldview is also something I get news from because it focuses on events that are relevant to us as Christians. I learn a lot about current events through your newscast and would love to see it keep going!” And Leah Smith in Franklin, Kentucky wrote, “I really appreciate The Worldview in Five Minutes for its weekday overview of what's going on in America and overseas in terms of society, ministry, culture, and politics. “The short length is just perfect for me to get caught up on news without wasting my time scrolling news websites! Most of all, I trust The Worldview for your Christian perspective. I'm actually able to hear about my imprisoned and suffering brothers and sisters, enabling me to pray for them. I'm so uplifted by your Biblical point of view! This newscast is a huge blessing in my life!” 13 Worldview listeners gave $6,747 on Tuesday And finally, on Tuesday by 4:15pm Central, 13 Worldview listeners stepped up to the plate and invested their treasure to fund the six-member team behind The Worldview for another 365 days. Our thanks to Sheila in Phoenixville, Pennsylvania who gave $50, Greg in Didsbury, Alberta, Canada who gave $67, Robert in Wilmot, South Dakota who gave $100, and Cathy in Fate, Texas who pledged $15/month for 12 months for a gift of $180. We were touched by the generosity of Gay in Victoria, Texas who gave $250, Peter in Seaside, California and Rick in Pittsburgh, Pennsylvania – both of whom gave $300. And we're grateful to God for Kevin and Paula in Durham, Kansas who gave $500, Jeff in Aloha, Oregon who gave $600, Liping in Tulsa, Oklahoma who gave $1,000, Thomas in Huffman, Texas who gave $1,000, Rita in Guilford, Indiana who pledged $100 per month for 12 months for a gift of $1,200, and Cory in Morrison, Colorado who also pledged $100 per month for 12 months for a gift of $1,200. Those 13 gifts add up to $6,747. That's the most given in one day so far. Ready for our new grand total? Drum roll please. (drum roll sound effect) $17,698 (sound effect of people cheering) We need to raise $13,177 to hit our $30,875 goal by this Friday, July 10th. We need to find 5 Worldview listeners who will pledge $100 per month for 12 months or give a one-time gift of $1,200, 6 folks who will pledge $50/month or give a one-time gift of $600 and 12 listeners who will pledge $25 per month or give a one-time gift of $300. Go to TheWorldview.com, click on Give, select the dollar amount, and make sure to click on the “recurring” button if that's your wish.  This Christian newscast champions the truth and a Biblical worldview. Invest in it today so that it can continue. Again, go to TheWorldview.com, and click on Give. Close And that's The Worldview on this Wednesday, July 8th, in the year of our Lord 2026. Subscribe for free by Spotify, Amazon Music, or by iTunes or email to our unique Christian newscast at www.TheWorldview.com.  Plus, you can get the Generations app through Google Play or The App Store. I'm Adam McManus (Adam@TheWorldview.com). Seize the day for Jesus Christ.

The Weekly Option Episode 434 on July 3, 2026 Welcome to The Weekly Option, a weekly program that offers practical trades and discussion for beginners and professionals alike. The topic of the week is the bigger picture. In this week's show, we will cover the trades from last week on Hyperliquid Strategies Inc, Rackspace Technology Inc, NuScale Power Corp, and UiPath Inc. And we discuss four new trades on SELLAS Life Sciences Group, the T-Rex 2X Long MSTR Daily Target ETF, BitMine Immersion Technologies, and SoFi Technologies Inc. The equity markets finished the week higher. The Dow Jones Industrial Average grew 1,023 points, closing at 52,900 points. The S&P 500 Index gained 129 points, ending the week at 7,483 points. It's always great to hear from listeners. If you have any questions about the trades presented here or about your own positions, feel free to email me. Email questions to me: eric@theweeklyoption.com Visit our YouTube Channel for The Weekly Option.com. PODCAST LINKS FOR EPISODE POST Listen on iTunes:  https://itunes.apple.com/us/podcast/the-weekly-option/id1375267155 Listen on YouTube Music:  https://music.youtube.com/channel/UCTo2yTkZPhqvlE8PdZkyTZA Listen on Spotify: https://open.spotify.com/show/6HoYh2XxVCWaidJP4dJiSD Listen on Audible by Amazon: https://www.audible.com/podcast/The-Weekly-Option/B08K57QL6S?language=en_US Listen on PodBean: https://www.podbean.com/podcast-detail/r5aam-6a884/The-Weekly-Option-Podcast YouTube Channel: https://goo.gl/u7JKJd Option Trading Basics: My Favorite Strategies: https://youtu.be/8UmPK5tuez0 How to Trade Stock Using Technical Analysis: https://youtu.be/wAATt0RpE0w Technical Analysis Videos: https://www.youtube.com/channel/UCnpPLl3EB_RBC5kyrCnsHow TradingView Stock Charts For Analysis: https://www.tradingview.com/gopro/?share_your_love=TraderEric

The Dow Jones Industrial Average hit a new all time intraday high in the session, The major averages are on track to finish the holiday-shortened week with solid gains, Next Pints and Portfolios will be in Sunnyvale from 11:30am to 1:30pm on July 18th with EP Wealth Advisors

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

Markets on Monday recovered strongly after reclaiming the 50-day moving average, highlighting why investors should avoid emotional reactions to short-term breaks in technical support. The next major test is the 20-day moving average, where buyers will need to prove momentum can continue. Lance Roberts discusses why oversold markets often produce reflex rallies, what a successful move above the 20-day moving average could signal, and why the current consolidation pattern is nearing a decisive breakout. We also examine Google's addition to the Dow Jones Industrial Average, the impact of index-related buying, and the key technical levels that could determine whether stocks push to new highs or retreat toward the 100-day moving average. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer --- Watch the Video version of this report on our YouTube channel: https://youtu.be/Cdk3OpxHkd4 --- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ --- Do you enjoy our content? Rate us on Google: https://bit.ly/4b9JtEo --- * REGISTER for our next Candid Coffee, "Narrative Busters: Market Stories Investors Should Approach With Caution," Saturday, July 18, 2026: https://streamyard.com/watch/RfJtCj2byfDr --- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN --- Subscribe to SimpleVisor : https://www.simplevisor.com/register-new --- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket #SP500 #TechnicalAnalysis #Investing #MarketOutlook

Should you leave your old 401(k) with a former employer, roll it into an IRA, move it to a new employer's retirement plan, or consider another option? The right answer depends on your goals, investment choices, fees, taxes, and retirement timeline. Lance Roberts & Jon Penn examine the advantages and disadvantages of each option, including investment flexibility, creditor protection, Required Minimum Distributions (RMDs), fees, and the tax implications that could affect your long-term retirement strategy. We'll also explain why leaving your 401(k) where it is may be the best decision in some situations—and why rolling it over isn't always the automatic choice. If you're changing jobs, approaching retirement, or simply reviewing old retirement accounts, this discussion will help you make a more informed decision before moving your savings. 0:00 INTRO 0:48 - End of June - Start of July 2:25 - Google Goes to DJIA 4:43 - Maintain & Monitor Risk 8:35 - Man Caves & Kitchens 9:18 - I Need to Rollover My 401k to an IRA 15:16 - What to Do with Your 401k 17:04 - What You Lose in an IRA 20:55 - Is This a Bad Time to Invest? 25:57 - Binary Investors 27:33 - Gating Returns in Private Credit Funds 40:18 - Dollar Strength & Precious Metals 43:31 - Why You Should Keep Money in a 401k - vs IRA Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Senior Investment Advisor, Jonathan Penn, CFP Produced by Brent Clanton, Executive Producer ------- Do you enjoy our content? Rate us on Google: https://bit.ly/4b9JtEo ------- Watch Today's Full Video on our YouTube Channel: https://youtube.com/live/iHJLWOZY4NQ ------- Articles Mentioned in Today's Show: "Friedman Was Right, Just Mostly Misquoted" https://realinvestmentadvice.com/resources/blog/mitton-friedman-was-right-just-mostly-misquoted/ "Private Equity – Why Am I So Lucky?" https://realinvestmentadvice.com/resources/blog/private-equity-why-am-i-so-lucky/ ------- Watch today's "Before the Bell" premarket commentary, "Can Markets Break Out?" https://youtu.be/Cdk3OpxHkd4 ------- Watch our previous show, "Milton Friedman Was Mostly Right" https://youtube.com/live/qDTBlhH8YGY ------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- * REGISTER for our next Candid Coffee, "Narrative Busters: Market Stories Investors Should Approach With Caution," Saturday, July 18, 2026: https://streamyard.com/watch/RfJtCj2byfDr --- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN --- Subscribe to SimpleVisor : https://www.simplevisor.com/register-new --- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket #SP500 #TechnicalAnalysis #Investing #MarketOutlook #401k #RetirementPlanning #IRA #Retirement #FinancialPlanning

The Dow Jones Industrial Average has crossed 52,000, marking another historic milestone for U.S. equities. But the real question isn't whether the Dow made a new high... It's whether the rest of the market can keep up. In today's episode, we break down what this breakout means for the broader market and whether the rally still has room to run. Is this the beginning of another leg higher, or are investors becoming overly optimistic? We'll discuss: Why the Dow continues making history Whether the rally is broadening or becoming increasingly concentrated What institutional money is telling us Key technical levels traders should be watching We'll also examine the powerful rebound in technology stocks as investors continue piling into AI, semiconductors, and the Magnificent 7. Is this renewed momentum sustainable, or are we seeing another wave of speculative buying? Geopolitics remains front and center as well, so we'll cover the latest developments in the Iran conflict and discuss how headlines continue to influence: Oil prices Inflation expectations Market volatility Investor sentiment Perhaps the biggest topic of the day is one that few investors are talking about: Record margin debt. Leverage across the financial markets has climbed to unprecedented levels, helping fuel one of the strongest rallies in recent memory. But history has shown that margin can be a powerful accelerator in both directions. We'll explore: Why margin debt is soaring Whether leverage is becoming a hidden risk How previous periods of excessive borrowing have impacted markets What traders should watch if sentiment begins to shift This episode is all about understanding what is really driving today's market—and what could change the narrative tomorrow. Listen now:

The Weekly Option Episode 433 June 27, 2026 Welcome to The Weekly Option, a weekly program that offers practical trades and discussion for beginners and professionals alike. The topic of the week is yesterday’s trade. In this week's show, we will cover the trades from last week on  AMC Entertainment Holdings, Poet Technologies, Quantumscape Corp, and Cipher Digital. And we discuss four new trades on Hyperliquid Strategies Inc, Rackspace Technology Inc, NuScale Power Corp, and UiPath Inc. The equity markets had a rocky week, with a rather mild end to the week. The Dow Jones Industrial Average grew 311 points, closing at 51,876 points. That’s a new week over week high close for the Dow. The S&P 500 Index lost 146 points, ending the week at 7,354 points. It's always great to hear from listeners. If you have any questions about the trades presented here or about your own positions, feel free to email me. Email questions to me: eric@theweeklyoption.com Visit our YouTube Channel for The Weekly Option.com. PODCAST LINKS FOR EPISODE POST Listen on iTunes:  https://itunes.apple.com/us/podcast/the-weekly-option/id1375267155 Listen on YouTube Music:  https://music.youtube.com/channel/UCTo2yTkZPhqvlE8PdZkyTZA Listen on Spotify: https://open.spotify.com/show/6HoYh2XxVCWaidJP4dJiSD Listen on Audible by Amazon: https://www.audible.com/podcast/The-Weekly-Option/B08K57QL6S?language=en_US Listen on PodBean: https://www.podbean.com/podcast-detail/r5aam-6a884/The-Weekly-Option-Podcast YouTube Channel: https://goo.gl/u7JKJd Option Trading Basics: My Favorite Strategies: https://youtu.be/8UmPK5tuez0 How to Trade Stock Using Technical Analysis: https://youtu.be/wAATt0RpE0w Technical Analysis Videos: https://www.youtube.com/channel/UCnpPLl3EB_RBC5kyrCnsHow TradingView Stock Charts For Analysis: https://www.tradingview.com/gopro/?share_your_love=TraderEric

Nasdaq fell even after a blowout Micron earnings report helps the AI play, Apple led the Nasdaq lower dropping nearly 5 percent after announcing price increases on MacBook and iPad, Check out recent Webinars with CFP Chad Burton of EP Wealth Advisors at Rob's website

Like it or not, Micron is driving the stock market and the company's earnings report will tell us a lot about the future of memory and compute demand. Plus, we talk about Meta's new prediction markets app and Alphabet joining the Dow Jones Industrial Average.Travis Hoium, Lou Whiteman, and Rachel Warren discuss:- Memory's Wild Ride- Micron's Earnings- Meta & Prediction Markets- Can Zuck Innovate?- Alphabet Joins the Dow- Why the Dow Doesn't MatterCompanies discussed: Micron (MU), Meta Platforms (META), Alphabet (GOOG, GOOGL).Host: Travis HoiumGuests: Lou Whiteman, 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

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

In an extended interview, U.S. Treasury Secretary Scott Bessent addresses the administration's approach to tariffs, negotiations with Iran, and his own view on America's AI dominance and regulation, and the future of the Federal Reserve. The morning after the NYC primary elections, Sec. Bessent also weighs in on the future of the Democratic Party. Plus, Google parent Alphabet has replaced Verizon in the Dow Jones Industrial Average.   Sec. Scott Bessent - 16:24   In this episode: Scott Bessent, @SecScottBessent Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Today we were thrilled to welcome back Daan Struyven, Co-Head of Global Commodities Research and Managing Director, Head of Oil Research at Goldman Sachs. Daan joined Goldman in 2015 and previously co-led Goldman Sachs' Global Economics team as well as the firm's Canada Economics research effort. Daan and his team recently wrote a report titled “EV Sales Acceleration Poses Downside Risk to Global Oil Demand.” We were pleased to hear Daan's perspective on the report, the acceleration in global EV adoption following the Iran/Hormuz supply disruption, the outlook for global oil demand and oil prices, and what investors should be watching across the broader energy landscape. In our conversation, we explore the key findings from Goldman Sachs' recent research on EV adoption, including how higher fuel prices and concerns around energy security may have accelerated EV sales across several major global markets following the Iran/Hormuz supply disruption. We discuss the significant differences in EV penetration rates around the world, the growing influence of Chinese manufacturers, the importance of charging and power infrastructure, and the role government policy continues to play in shaping adoption trends. We examine the outlook for global oil demand, including Goldman's view that oil demand continues to grow through 2040 despite rising EV adoption, supported by growing energy consumption and the limited availability of substitutes for petrochemical feedstocks and jet fuel. We discuss the recovery of Middle East oil production and exports following the conflict, OPEC supply dynamics, strategic petroleum reserves and stockpiling activity, and why oil prices did not rise as much as many expected during the Iran war disruption. We touch on investor sentiment toward energy markets, China's role as both a major EV market and a stabilizing force in global oil demand through stockpiling behavior, and tightening power markets driven by rising electricity demand from AI and data centers. We also discuss the interplay between future oil prices, power prices, and EV adoption. Finally, we cover advancements in battery technology, the long-term implications for both the energy transition and global commodity markets, and more. We greatly appreciate Daan for sharing his time and perspectives. To start the show, Mike Bradley noted that market volatility is becoming more prevalent across asset classes. From a fixed income perspective, the 10-year Treasury yield is holding steady at approximately 4.5%, with traders closely focused on this week's PCE Index as a key inflation indicator, particularly in light of the Federal Reserve's more hawkish tone following last week's FOMC meeting. In equities, he emphasized the increasing volatility observed in recent trading sessions, especially within Big Tech and the Nasdaq, with semiconductor and chip stocks coming under notable pressure and with several declining by more than 10%. He suggested that market leadership may be shifting, as the Nasdaq lags while the Dow Jones Industrial Average demonstrates relative resilience. Turning to commodities, WTI crude has fallen to around $73/bbl, marking its lowest level since the first week of the Iran conflict. WTI has broken below its 200-day moving average, indicating that oil appears “broken” from a technical trading perspective. He also highlighted a rapid shift in market sentiment, moving from concerns about tightening global inventories to fears that OPEC supply could increase sooner and more significantly than expected. In energy equities, he observed that the sector has declined modestly over recent trading days, with Oil Services bearing the brunt of the losses. Electric utilities have outperformed, serving as a temporary safe haven for investors. He ended by pointing out two notable headlines: first, a partnership between Chevron and Microsoft to develop a co-located power facility in West Texas that will supply electricity to a Microsoft-operated data center under a 20-year PPA; and second, the Department of Energy's announcement of $17.5 billion in financing to help incentivize/jump start utilities to order equipment for large-scale nuclear reactors. Ellen Wilkirson made her COBT debut and added her questions and perspective to the discussion as well.