Podcasts about Gasoline

The memorandum of understanding between the United States and Iran was apparently signed over the weekend, but the text remains a mystery to most. Donald Trump says he'll release it and even read it himself so nobody can misunderstand it. If it's such good news, though, why not put it out right now? Israel isn't a fan of it, nor are those who believe we've abandoned the Iranian people by making a deal with the IRGC. At the same time, there may be a silent majority that cares less about the politics and more about the price at the pump. And that's what caught my attention.Since the beginning of May, with Iran closing the Strait of Hormuz, gas prices in the United States have fallen. Not by a little, but by a lot. The national average has gone from roughly $4.50 a gallon to $3.50. That happened while the strait was closed and before any memorandum of understanding was announced. The White House wasn't bragging about it. They weren't loudly telling Iran that the closure wasn't working. That made me think something else was going on.Politics Politics Politics is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.After digging through it, I've been able to dig up a few explanations. The most public, I'd argue, was the Strategic Petroleum Reserve. The Department of Energy released more than 53 million barrels as part of a broader international effort, bringing the reserve down to its lowest level since 1983. There were also reports that the United States was helping move oil out of the Gulf using some of the same techniques Iran has historically used to evade sanctions. American production remained high. Every hint of a peace deal pushed oil prices lower. Global demand softened. China sharply reduced its purchases on the open market. Alternative routes around Hormuz became more important. Gasoline inventories improved. All of it pushed prices down.If I rank the reasons, peace-talk optimism sits at the top. Strategic reserve releases bought time. American-supported workarounds moved real barrels. Demand destruction, especially with China stepping back, reduced pressure. Improved gasoline inventories helped. Some of the more speculative theories include sanctions waivers for Iranian oil, greater tolerance for shadow-fleet shipments, and alternate export routes making Hormuz less decisive than Iran hoped.What stands out is that there were more American incentives to get to the table than Iranian ones. The Strategic Petroleum Reserve is a temporary band-aid. Smuggling oil out of the Gulf is risky. Every day the Strait of Hormuz remained closed carried economic and military risks. That helps explain why the White House wanted a deal. Iran had incentives too, especially if China was no longer buying at previous levels, but the balance of pressure appears different than many expected.My assumption remains what it has been for weeks: there are multiple power centers inside Iran, and the biggest question is whether any deal can survive them. The Ayatollah is gone, much of Iran's leadership structure has been shattered, and the IRGC itself appears divided between factions willing to make a deal and hardliners who want to keep fighting. The memorandum of understanding may give us a clearer picture when we finally see it. Until then, the biggest question isn't whether a deal exists. It's whether anyone on the Iranian side can actually enforce it.Chapters00:00:00 - Intro00:02:38 - Iran and Gas Prices00:31:47 - Update00:32:04 - UFC 250 Terrorism Plot00:37:46 - Russia-Ukraine00:39:48 - Primaries00:42:48 - Interview with Maria Curi01:11:46 - Wrap-up This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.politicspoliticspolitics.com/subscribe

Even as geopolitical tensions roil financial markets, wealthy consumers are defying the gloom — private jet demand is surging at events like Monaco and Cannes, and Broadway just recorded a record 1.9 billion dollar season. This divergence between financial anxiety and high-end consumer spending raises important questions about where the real economy actually stands.Today's Stocks & Topics: Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB), Market Wrap, KPP Newsletter, CSX Corporation (CSX), The Wealth Effect Paradox: Why Rich Consumers Are Spending Big While Markets Wobble, Powell Industries, Inc. (POWL), Key Benchmark Numbers: Treasury Yields, Gold, Silver, Oil and Gasoline, AI Build-out and Commodities, Defense Sector.Our Sponsors:* Check out Anthropic and use my code Claude.ai/invest for a great deal: https://www.anthropic.com* Check out Chilipad and use my code sleep.me/INVEST for a great deal: https://sleep.me* Check out Plaud AI and use my code INVEST for a great deal: https://plaud.ai* Check out Progressive: https://www.progressive.com* Check out Quince and use my code quince.com/invest for a great deal: https://www.quince.com* Check out Scribe and use my code scribe.how/invest for a great deal: https://scribe.com* Check out TaskRabbit and use my code INVEST for a great deal: https://taskrabbit.com* Check out TruDiagnostic and use my code INVEST20 for a great deal: https://www.trudiagnostic.comAdvertising Inquiries: https://redcircle.com/brands

It's Thursday, June 11th, 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 Nigerian court sentences Muslims to death for executing Catholics Last week, a court in the African nation of Nigeria sentenced four Muslim men to death for killing dozens of Catholics. Four years ago, the gunmen attacked a Pentecost Sunday service at a Catholic Church in southwest Nigeria. They killed 41 people, including children. Authorities determined that the armed men belonged to Al-Shabaab, an Islamic terrorist group. The massacre was the first terrorist attack on a church in southern Nigeria.   According to Open Doors, Nigeria is the seventh most dangerous country worldwide for Christians. Proverbs 7:14 and 16 says, “Behold, the wicked man conceives evil . . . His mischief returns upon his own head, and on his own skull his violence descends.” Sudanese man arrested in Ireland for attempted beheading Authorities in Northern Ireland arrested a migrant from the African nation of Sudan on Tuesday. Police in Belfast accused him of carrying out a severe knife attack on a man in his 40s. People across the United Kingdom responded to the attempted beheading with protests. The victim was hospitalized with significant injuries to his face, neck, and back. Many U.K. citizens question their government's immigration policies, including Member of Parliament Rupert Lowe. In February, the lawmaker launched a national political party called Restore Britain. The party is devoted to ending mass immigration and also openly recognizes Britain's Christian heritage.  Congress funds $70 billion for ICE and Border Patrol In the United States, President Donald Trump signed the Secure America Act yesterday. The $70 billion package fully funds the Department of Homeland Security. The bill specifically covers U.S. Immigration and Customs Enforcement and U.S. Customs and Border Protection for the rest of President Trump's second term.  Listen to comments from House Speaker Mike Johnson after Congress passed the bill. JOHNSON: “The historic mandate that put President Trump in the White House and Republican majorities in both the House and the Senate is evidence of the fact that Democrats' ‘Defund the Police' agenda is wildly out of step with hardworking American families. After four long years of Democrat policies that opened the door to dangerous criminals and deadly drugs, Republicans are delivering on our promise to restore safe streets and secure our borders.” Inflation rose 4.3% Inflation reached a three-year high last month for American consumers.  The cost of goods and services rose 4.2 percent in May compared to a year ago. Rising energy costs drove the inflation. Gasoline prices were up 40 percent from a year earlier.    iPhone launch connected to lower U.S. fertility rate A new study from the National Bureau of Economic Research suggests that the launch of the iPhone contributed to declining fertility rates in the U.S. Apple introduced the iPhone in 2007. The U.S. general fertility rate has fallen by 22 percent since then. People have been spending more time on their smartphones and less time with each other.  The study noted, “Overall, the diffusion of the iPhone explains 33–52% of the decline in the general fertility rate among women aged 15–44.” Southern Baptists: Only men can serve as pastors The Southern Baptist Convention affirmed its position yesterday that only men can serve as pastors. Over 70 percent of the denomination's representatives voted in favor of the “Truth and Unity Amendment.” The measure was sponsored by Albert Mohler Jr., the president of the Southern Baptist Theological Seminary. The amendment would require churches in the denomination to not appoint women as pastors, elders, or overseers.  Listen to comments from Dr. Mohler. MOHLER: “This motion makes very clear that we affirm the historic Baptist understanding of the pastor, elder, overseer. The structure of the language I have brought goes all the way back to the 1689 Baptist Confession, where the office and function of the pastor are clearly delineated. “This amendment makes very clear that a church, in friendly cooperation with the Southern Baptist Convention, doesn't have anyone other than a man as pastor in the office of pastor and specifies on the functions of the pastor that the key central function of preaching the Word of God to the gathered assembly is limited to men by Scripture.” 1 Timothy 3:1-2 says, “If anyone aspires to the office of overseer, he desires a noble task. Therefore, an overseer must be above reproach, the husband of one wife, sober-minded, self-controlled, respectable, hospitable, able to teach.”  Animated movie “David” claims #1 spot on Netflix And finally, the animated film David reached the number one spot on Netflix for movies in the United States over the weekend.  The Bible movie from Angel Studios officially premiered on the streaming service just last Wednesday. (audio from David movie trailer) DAVID: “I'm just a shepherd, but deep down I know I can take on the world.” NARRATOR: “There is a darkness over the land.” SAMUEL:  “Our enemies will strike once more.” MAN: “Imagine the biggest warrior you have ever seen!” DAVID: “Okay.” MAN: “Now imagine somebody ate him.” GIRL: “Remember when I told you God had big plans for you?” GOLIATH: “You will serve us!” GIRL: “They may have been bigger than even I thought.” Christian music artist Phil Wickham voiced the adult David in the movie. Wickham told Crosswalk Headlines the film is “full of the story of God and full of Psalms and full of hallelujah and faith and hope.  … I think this movie will last decades. I think it will be something our grandkids watch.” Close And that's The Worldview on this Thursday, June 11th, 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.

US inflation hit 4.2% in May, the highest reading since April 2023, and the third straight month of acceleration. The driver is the US-Israeli war with Iran. The closure of the Strait of Hormuz has disrupted Middle East oil supplies, and energy alone accounted for over 60% of the monthly CPI increase.This episode breaks down the May CPI report and what's behind the number. Energy prices are up 23.5% year over year. Gasoline is up 40.5%. Fuel oil is up 58.9%. Shelter costs accelerated again to 3.4% and food rose 3.1%. Core inflation (the Fed's preferred measure, which strips out food and energy) climbed to 2.9%, a new high since September 2025, but the monthly core number actually came in below forecasts, which is the one piece of good news in the report.The Fed meets June 17. Markets expect a hold, but the conversation has shifted. Rate cuts that were on the table in January are off it now, and some analysts are starting to talk about hikes later this year if the energy shock spreads. The pace of the past three months is the fastest since spring 2022, when inflation was still climbing toward its 9% peak.The pain isn't evenly distributed. Real wages have fallen for two months in a row. Gas, food, electricity, and medical care are all running above 3%, which is exactly the basket of things households can't substitute away from. Brookings modeling suggests that even in the most optimistic scenario, a Hormuz closure lasting one quarter, US inflation ends 2026 about 0.6 points higher than it would have otherwise.We cover what the energy shock means for AI infrastructure costs, why a 40% gas spike doesn't show up evenly across the economy, what the Fed actually does with a war-driven inflation print, and whether May represents a 2026 peak or the start of something longer.May CPI, US inflation 2026, Iran war inflation, gas prices, Strait of Hormuz, Federal Reserve, interest rates, energy shock, real wages, core CPI, FOMC June 2026.

Mego starts the news with a story about a climate protest in Boston and gets sidetracked talking about her struggle with gasoline.

(From NATO allies boosting budgets in response to Russia's aggression to Asia-Pacific nations rearming amid China's military buildup, defense spending is rising on virtually every continent. We examine how investors can think about the long-term defense sector tailwind without simply chasing headlines.)Today's Stocks & Topics: Lincoln National Corporation (LNC), Market Wrap, AT&T Inc. (T), The Clorox Company (CLX), Insulet Corporation (PODD), Defense Stocks 2026: How the Global Security Boom Creates Long-Term Investment Opportunities, The Hartford Insurance Group, Inc. (HIG), Key Benchmark Numbers: Treasury Yields, Gold, Silver, Oil and Gasoline, WESCO International, Inc. (WCC), KPP Newsletter, Fidelity Total Bond Fund (FTBFX), Vanguard Short-Term Bond Index Fund ETF Shares (BSV), Lithium.Our Next Wealth Webinar: “Beyond the Yield: How to Invest for Your Income Needs” June 30th, 2026 - 12:00 pmTo sign up: https://us06web.zoom.us/webinar/register/5717793889555/WN_XuoDgMVwSv6wZXXurrZTLgOur Sponsors:* Check out Anthropic and use my code Claude.ai/invest for a great deal: https://www.anthropic.com* Check out Chilipad and use my code sleep.me/INVEST for a great deal: https://sleep.me* Check out Plaud AI and use my code INVEST for a great deal: https://plaud.ai* Check out Progressive: https://www.progressive.com* Check out Quince and use my code quince.com/invest for a great deal: https://www.quince.com* Check out Scribe and use my code scribe.how/invest for a great deal: https://scribe.com* Check out TaskRabbit and use my code INVEST for a great deal: https://taskrabbit.com* Check out TruDiagnostic and use my code INVEST20 for a great deal: https://www.trudiagnostic.comAdvertising Inquiries: https://redcircle.com/brands

In this episode, George Maher-Bonnett (Deputy Editor — European Products Report) is joined by Atishya Nayak (Senior Gasoline Reporter - European Products Report) and Jide Tijani (Naphtha Reporter — European Products Report) to examine how the US driving season and the US–Iran conflict are influencing gasoline and naphtha markets in Europe — from exports and arbitrage shifts to blending economics and supply disruptions. Key themes Price swings: Gasoline–naphtha spread jumped to $270/t in May, a three‑year high European exports to US hit an 11‑month peak as freight costs collapsed Drivers of volatility: US–Iran conflict, summer‑grade transition and rebound in ARA blending Outlook risk: Tighter VGO supply, weak West African pull and narrowing US arb

(5) Michael Bernstam analyzes the humiliating Ukrainian strike on a St. Petersburg oil terminal during Putin's flagship economic forum. Russia's energy sector faces a crisis, forcing a ban on refined exports like gasoline due to refinery damage. Consequently, Russia must increase crude exports to China and India.

​Indiana Governor Mike Braun is extending the suspension of the 7-percent Gasoline Usage Tax and the Gasoline Excise Tax through July 7th. AAA says that puts Indiana in the lead with the lowest-priced gasoline in the nation at an average of $3.58 per gallon for regular gas. Suspending both taxes saves customers in Indiana more than 62 cents per gallon at the pump.

In this episode of Driving Discussions, Argus editors Jared Ainsworth, US gasoline editor, and Stephanie Crawford, associate editor and US Atlantic coast gasoline reporter, analyze how the US–Iran conflict has rapidly reshaped gasoline fundamentals ahead of the summer driving season. What began as a well-supplied market has tightened significantly, with exports rising, imports lagging, and regional imbalances emerging across key hubs. The discussion unpacks the evolving impact on pricing, flows, and blending behavior across US gasoline markets. Key Takeaways Tightening supply:S. gasoline inventories fell more than 16% since late February, signaling a sharper-than-normal seasonal draw. Global pull on barrels: Strong export demand—up ~32% vs. the five-year average—has redirected Gulf Coast supply into international markets. Shifting regional balances: Early Atlantic Coast tightness gave way to late-spring oversupply as imports and pipeline flows rebounded while demand lagged. Policy impacts: Jones Act and EPA waivers reshaped flows and blending dynamics, with limited Northeast relief but increased Gulf Coast-to-West Coast shipments. Atypical pricing signals: RBOB spreads widened despite regulatory flexibility, reflecting stricter blending behavior and altered summer demand patterns. Stay ahead of evolving gasoline market dynamics with Argus' expert analysis on pricing, flows, and regulatory impacts shaping the summer 2026 outlook.

​Indiana Governor Mike Braun is extending the suspension of the 7-percent Gasoline Usage Tax and the Gasoline Excise Tax through July 7th. AAA says that puts Indiana in the lead with the lowest-priced gasoline in the nation at an average of $3.58 per gallon for regular gas. Suspending both taxes saves customers in Indiana more than 62 cents per gallon at the pump.

​Indiana Governor Mike Braun is extending the suspension of the 7-percent Gasoline Usage Tax and the Gasoline Excise Tax through July 7th. AAA says that puts Indiana in the lead with the lowest-priced gasoline in the nation at an average of $3.58 per gallon for regular gas. Suspending both taxes saves customers in Indiana more than 62 cents per gallon at the pump.

(1) Liz Peek discusses the K-shaped economy, where wealthy retirees flourish while lower-income citizens struggle with inflation and high gasoline costs. The Iran war significantly impacts oil prices, threatening real wage growth.

Since we have spent our lives in Gulf coast states we have some recommendations concerning hurricanes: Be ready to take an “evacucation” between July and September.Gasoline and water are important, even if there is corporate greed.Get rid of trees that could fall in your home's living area.The government will not have enough resources to help you in time.Follow Us:YouTubeXFacebookBlueskyAll audio & videos edited by: Jay Prescott Videography

(5) Jim McTague reports on Lancaster County's economy, noting record-breaking gasoline sales at Costco despite rainy weather, the rise of retirement-driven healthcare, and local "Luddite" opposition to a proposed data center in Columbia.KEYSTONE

DeepSeek has made a permanent 75% discount on its flagship AI model, a move that accelerates the commoditization of AI and puts pressure on the entire AI infrastructure investment thesis. We examine what falling AI model prices mean for the companies building AI, buying AI, and investing in the picks-and-shovels of the AI boom.Today's Stocks & Topics: Tutor Perini Corporation (TPC), Market Wrap, Vanguard International Growth Adm (VWILX), SPDR Gold MiniShares (GLDM), Key Benchmark Numbers: Treasury Yields, Gold, Silver, Oil and Gasoline, International Business Machines Corporation (IBM), Quantum Computing Stocks, Investment Fees and Taxes, Eli Lilly and Company (LLY), Oil Prices this Summer.Our Sponsors:* Check out Anthropic and use my code Claude.ai/invest for a great deal: https://www.anthropic.com* Check out Plaud AI and use my code INVEST for a great deal: https://plaud.ai* Check out Scribe and use my code scribe.how/invest for a great deal: https://scribe.comAdvertising Inquiries: https://redcircle.com/brands

In this episode of Spotlight, Stephanie Stanton ‪@etfguide‬ chats with with John Love, CFA and CEO of USCF investments. This episode covers the Iran Oil Crisis, and its effects on gasoline and oil markets. It also covers gold income strategies and a unique oil and bitcoin strategy, and key insights and energy markets.John Love of USCF Investments talks about UGA, the United States Gasoline Fund, which offers investors exposure to Gasoline during a time of spiking gas prices nationwide.We also explore the USCF Gold Strategy Plus Income ETF (USG), which combines physical gold exposure with quarterly income via options strategies—a unique approach for investors seeking steady returns alongside precious metals, as well as USCF's recently launched Oil Plus Bitcoin Strategy Fund (WTIB), which allows you to invest in two uncorrelated assets in one find. 

Craig Carton describes being caught in the middle of a police takedown at the Westfield Garden State Plaza in Paramus. He and Big Mac then pivot to the New York Giants' decision to hold a press conference regarding recent political controversies involving players Jaxson Dart and Abdul Carter. Finally, they discuss Mitchell Robinson's injury and Carton's upcoming dinner with his son's girlfriend's family. 01:01 - Mall Police Encounter 06:12 - Giants PR Blunder 12:18 - Knicks Injury Update 19:06 - Phrase Ownership Debate 23:43 - Meeting The In-Laws

This week, Danielle covers the haunted Hinsdale house and Zee shares some astral projection experiences. Stalk us here!Merch - ghosts-n-heauxsTwitter - ghostsnheauxsInstagram - ghosts_n_heauxsFacebook - GhostsnHeauxsPodcastAnd don't forget to send your stories to ghostsnheauxs@gmail.com

Governments around the world are carrying significantly more debt than they were just a few years ago… and now much of that debt is rolling into a much higher interest rate environment.Today's Stocks & Topics: Avantis All Equity Markets ETF (AVGE), Market Wrap, Suncor Energy Inc. (SU), Imperial Oil Limited (IMO), Key Benchmark Numbers: Treasury Yields, Gold, Silver, Oil and Gasoline, Why Rising Sovereign Debt Could Become a Bigger Market Risk in 2026, Halliburton Company (HAL), EchoStar Corporation (SATS), ETFs, Ryder System, Inc. (R), Zoetis Inc. (ZTS).Our Next Wealth Webinar: “Beyond the Yield: How to Invest for Your Income Needs” June 30th, 2026 - 12:00 pmTo sign up: https://us06web.zoom.us/webinar/register/5717793889555/WN_XuoDgMVwSv6wZXXurrZTLgOur Sponsors:* Check out Anthropic and use my code Claude.ai/invest for a great deal: https://www.anthropic.com* Check out Plaud AI and use my code INVEST for a great deal: https://plaud.ai* Check out Quince: https://quince.com/invest* Check out Scribe and use my code scribe.how/invest for a great deal: https://scribe.comAdvertising Inquiries: https://redcircle.com/brands

The final hour of The Tara Show on Friday, May 22, 2026, tied national political liabilities directly to local South Carolina primary battles and the ongoing economic pain at the gas pump.13th: Democrats' Obsession with Releasing Criminals: The hour opened with a fiery monologue blasting progressive criminal justice reform. The segment slammed cashless bail and reduced sentencing guidelines, arguing that left-wing policies prioritizing the early release of violent offenders have become a massive political liability for Democrats ahead of the 2026 midterms.14th: Caller Lucy in Greenville on Pascoe and Reddy: WYRD caller Lucy sparked an intense local political debate by floating two sharp theories about the South Carolina Republican primaries. First, she questioned if Attorney General candidate David Pascoe is a genuine conservative or just a lifelong Democrat running as a Republican because a Democrat can't win statewide. Second, she questioned if millionaire DOGE SC founder Rom Reddy is a political "plant" designed to fracture the conservative vote, noting the suspicious timing of his sudden gubernatorial run and his group's endorsement of Pascoe.15th: The War on Gasoline (Chevron vs. Gavin Newsom): Shifting to the energy crisis, the show detailed the escalating corporate and political warfare in California. The segment exposed how Governor Gavin Newsom's aggressive regulatory penalties and mandates have driven Chevron to openly fight back, framing the administration's climate policies as a direct, manufactured "war on gasoline" that destroys domestic energy security.16th: The Gas Price Crisis and Rom Reddy's Stance: The broadcast concluded with an open floor discussion on skyrocketing gas prices and the search for fuel discounts amid the ongoing Strait of Hormuz conflict. The host looped the energy crisis back to the local governor's race, analyzing candidate Rom Reddy's economic platforms and whether his business background offers a viable solution to rising utility and fuel costs for South Carolinians.

Something new appeared at a major motorsport event in the Taklamakan Desert recently. It's a type of gasoline most drivers have never seen before: 103-grade fuel. When people online started talking, the questions got interesting fast. Should you be putting it in your car? On the show: Steve, Yushan & Yushun

The UK is no longer a serious country Hosted on Acast. See acast.com/privacy for more information.

Gas prices are climbing again nationwide, with the national average now sitting at $4.55 a gallon. While prices may feel historic for consumers, they still remain below the record national average reached during the summer of 2022. Subscribe to our newsletter to stay informed with the latest news from a leading Black-owned & controlled media company: https://aurn.com/newsletter Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The CNBC Business News Update with Jessica Ettinger features market numbers & news with CNBC expert analysis and sound from top business names. Updated throughout the business day. Visit https://www.cnbc.com/ for more. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Analyst Dan Ives is calling for Nasdaq 30,000 as the AI rally expands beyond the original handful of winners. We dig into whether the broadening AI trade is built on solid earnings fundamentals or if euphoria is getting ahead of reality.Today's Stocks & Topics: Dell Technologies Inc. (DELL), Market Wrap, Cadence Design Systems, Inc. (CDNS), AI's Next Chapter: Is the Nasdaq 30,000 Rally Sustainable or Dangerous Hype?, Verizon Communications Inc. (VZ), Key Benchmark Numbers: Treasury Yields, Gold, Silver, Oil and Gasoline, Pershing Square Inc. (PS), Pershing Square USA, Ltd. (PSUS), Oil Futures Curve, KPP Newsletter, Intel Corporation (INTC), Private Company Shares Access.Our Sponsors:* Check out Anthropic and use my code Claude.ai/invest for a great deal: https://www.anthropic.com* Check out Plaud AI and use my code INVEST for a great deal: https://plaud.ai* Check out Quince: https://quince.com/invest* Check out Scribe and use my code scribe.how/invest for a great deal: https://scribe.comAdvertising Inquiries: https://redcircle.com/brands

An emergency fuel waiver by the Environmental Protection Agency is allowing refineries and refined product terminals to supply gasoline with a higher Reid vapor pressure this summer than previously permitted. As we discuss in today's RBN blog, the waiver may well increase gasoline supply and improve refinery and blender economics.

The Fed's Inflation Problem Just Got More Complicated U.S. inflation accelerated sharply in April, with CPI rising 3.8% year-over-year, the highest reading in nearly three years, as the Iran conflict continued to ripple through global energy markets. Core CPI, which excludes food and energy, also rose to 2.8%, up from 2.6% in March, suggesting inflation pressures are beginning to broaden beyond energy alone. The biggest driver was oil. Ongoing disruptions around the Strait of Hormuz — one of the world's most critical oil shipping routes — pushed crude prices sharply higher over the past two months. Gasoline prices surged again in April and are now up 28.4% compared to a year ago. Diesel, jet fuel, utilities, and transportation costs also moved higher. Analysts estimate energy alone accounted for more than 40% of the monthly CPI increase. Food inflation also remained elevated, rising 3.2% year-over-year. Some categories saw especially sharp increases, including tomatoes (+39.7%) and fresh vegetables (+11.5%). Airline fares were another major outlier, jumping 20.7% from last year as higher fuel costs filtered through the travel industry. The April inflation report complicates the Federal Reserve's outlook. Markets had expected rate cuts later this year, but stronger inflation and resilient consumer spending are now pushing those expectations further out. Treasury yields moved higher immediately after the CPI release as investors repriced the likelihood of rates staying elevated for longer. That said, it's important not to overreact to a single report. In roughly two weeks, investors will get the PCE (Personal Consumption Expenditures) report, which is the inflation gauge the Federal Reserve watches most closely. Unlike CPI, PCE captures a broader view of consumer spending and adjusts more dynamically as spending habits change. There are several key differences between the two reports. CPI primarily measures out-of-pocket spending by urban consumers, while PCE also includes rural households and purchases made on behalf of consumers, such as employer-sponsored healthcare and government programs like Medicare and Medicaid. As those costs rise, consumers still feel the impact indirectly. PCE also better reflects substitution effects — meaning it captures when consumers shift from higher-priced goods to lower-cost alternatives during inflationary periods. The weighting differences are significant as well. Housing makes up 44.5% of CPI but only 18.1% of PCE. Meanwhile, healthcare represents just 8.4% of CPI compared to 20.6% of PCE. While the upcoming PCE report will likely also show inflation accelerating, the bigger question is whether this energy shock proves temporary or becomes more persistent. If oil prices remain elevated, energy could continue to be the primary driver behind inflation data for the next several months — and that would make the Fed's path forward significantly more difficult.   The market continues to flash warning signs beneath the surface. The semiconductor sector, as measured by the Philadelphia Semiconductor Index, has only been this extended above its 200-day moving average twice before in modern history: 1995 and early 2000. Those are not random comparisons. In 2000, semiconductors peaked alongside the final stages of the dot-com bubble, marking a generational top in speculative growth stocks. In 1995, the outcome was different but still instructive: semiconductor stocks entered their own bear market even as the broader indexes continued grinding higher. Given that semiconductor stocks are now such a large part of the market, I believe it would be hard for the market to rally if this sector entered a bear market. There was also another warning sign you should be aware of. Last week, the S&P 500 hit another record high while an unusually large number of individual stocks simultaneously registered fresh 52-week lows. Historically, that kind of divergence has rarely occurred outside of major topping periods. As Bespoke Investment Group noted: “Since 1996, the only other period where we saw the S&P at record highs with fewer than 60% of stocks above their 50- and 200-day moving averages was from late 1998 to early 2000.” That matters because healthy bull markets are typically characterized by broad participation. When indexes rise while fewer stocks carry the advance, it often signals deteriorating internal strength masked by mega-cap concentration. Today's market has become increasingly dependent on a handful of AI and semiconductor names to sustain index performance. Valuations across those leadership stocks are being justified by near-perfect expectations: uninterrupted earnings growth, sustained AI capex expansion, and continued multiple expansion despite elevated rates and slowing macro conditions. That combination leaves very little room for disappointment. None of this guarantees an immediate crash. Markets can remain overextended longer than expected, especially during periods of technological enthusiasm and liquidity-driven momentum. But history suggests these types of extremes tend to appear late in cycles, not early. The key issue isn't simply that valuations are expensive. It's that market breadth, positioning, and sentiment are all increasingly disconnected from the underlying participation beneath the indexes. That's usually when risk becomes hardest to see — and most dangerous to ignore.   Consumers Say They're Worried, But They Keep Spending The latest U.S. retail sales report continues to tell a very different story than consumer sentiment surveys. According to the latest Census Bureau retail sales data, overall retail and food service sales remained resilient, with strength in online retail, restaurants, electronics, and discretionary categories. Even after adjusting for slowing momentum from March's surge, spending activity continues to hold up far better than many expected. Compared to last year, sales climbed 4.9% and even if we back out the gasoline stations where sales climbed 20.9%, sales were still up 3.7%. If we exclude another volatile category in motor vehicle & parts dealers it was up 4.9%. This divergence matters. Consumers say they feel pessimistic and sentiment surveys confirm it. The University of Michigan consumer sentiment index recently fell to record lows of 48.2 as households reacted to inflation and higher gas prices. It's important to point out this survey has been around for close to 75 years. Ultimately, I believe behavior is more important than survey as that is what drives the economy. Behavior still shows people are traveling, eating out, and shopping online. Employment and wage growth continue to support consumption and until the labor market weakens materially, I believe that will remain the case. Part of the disconnect is psychological. Consumers are reacting to inflation, geopolitical uncertainty, and higher living costs. But at the same time, household balance sheets, labor markets, and asset prices have remained supportive enough to keep consumption moving. As long as spending continues, the broader economy remains on firmer footing than sentiment surveys alone would imply.   Financial Planning: How are your Rental Properties Performing? Rental properties should be reviewed over time just like an investment portfolio, yet many owners focus on a few attractive details rather than critically evaluating the full picture. Looking only at the rent coming in or calculating “net cash flow” using just the mortgage, property taxes, and insurance can create a very different impression than what is actually happening financially. Maintenance, repairs, vacancies, turnover costs, property management, capital improvements, and recurring “one-time expenses” can significantly reduce actual returns over time. That $1,000 per month of cash flow may sound attractive, but it becomes far less impressive if the property has $1 million of equity that could potentially be invested elsewhere. While many real estate investors benefited from rapid appreciation between 2019 and 2022, property values in many areas have recently remained stagnant, causing overall returns to slow considerably. After fully accounting for the true cost of ownership and the opportunity cost of the equity invested, many rental properties have likely underperformed the stock market in recent years despite continuing to generate rental income.   Companies Discussed: The Walt Disney Company (DIS), Whirlpool Corporation (WHR),  Shake Shack Inc. (SHAK) & Ford Motor Company (F)

Degens Andy S and Brandon Bombay head to a center for ants to talk about the 2001 comedy classic, 'Zoolander.' Bombay is the first to walk the runway, as he harkens to the gas pump fight scene by telling a story that involved a dangerous gasoline fire when he was a teenager. Then the guys discuss a movie that was basically an extended sketch premise stretched thin at only 89 minutes, but still worked and became a cultural powerhouse thanks to a stacked cast and an onslaught of laughs. Not only did he star, but Ben Stiller also directed this movie packed with quit-cutting wild energy, and overflowing with celebrity cameos. A few of the standouts being a post-'Titanic' Billy Zane, and the effervescent David Bowie who gets beckoned to call Stiller and Owen Wilson's epic walk off. The flick is packed with countless examples of himbo idiocy humor, and in a movie filled with gorgeous faces it's Christine Taylor's perfect face, and perfect delivery as the straight person that helps ground it. Not only did the film give us laughs, but it also provided the signature Blue Steel look that was a joke in the early 2000s, and later became the de facto face both men and women default to in photos for the social media era. After listening to this off-the-rails recording you'll agree that it's a really, really, really ridiculously good episode. 

Four stories today — all connected to your NIO position.NIO reports Q1 2026 earnings on May 21st before US marketsopen. Three things to watch on the call: whether revenuegrowth outpaced delivery growth as management guided,whether gross margin held above 17.5% from Q4 2025,and what William Li says about ES9 and L80 demand momentum.April delivery breakdown: the ES8 delivered 13,020 units —44% of NIO's entire monthly volume. The 5566 lineup(ET5, ET5 Touring, ES6, EC6) is under significant pressurewith meaningful year-over-year declines across every model.In Q1 the ES8 accounted for over 77% of NIO-brand deliveries.That's a company running on one engine. The ES9 and L80are engines two and three — both launching in the next 15 days.Every major automaker now wants chip independence.Volkswagen announced it's developing its own automotiveSystem-on-Chip in China for Level 3 autonomous driving.VW is already using Xpeng's Turing chip in its firstall-electric China SUV — the ID. UNYX 08 — which justentered production with deliveries starting by end of June.Reports from the Chinese internet suggest NIO is planningto sell its Shenji NX9031 chip to other manufacturersafter spinning off the chip business. The Apple siliconplaybook applied to automotive.April CPI dropped today at 3.8% year over year — thehighest since May 2023. Gasoline up 28.4% annually.Beef up 14.8%. Airline fares up 20.7%. Real wages fell.Bank of America now forecasts no Fed rate cuts untilthe second half of 2027. Traders are pricing a 30%chance of an actual rate hike by year end.The macro headwind is real. It's Iran-driven.It resolves when Hormuz resolves. Until then —watch oil, not the Dow.Also — missed yesterday. Writing a book. More soon.

CNBC Business News Update with Jessica Ettinger - market numbers and news featuring CNBC expert analysis and sound from top business names. Visit https://www.cnbc.com/ for more. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

AP Washington correspondent Sagar Meghani reports President Trump says he'll move to suspend the federal gasoline tax, as Americans struggle with high prices due to the Iran war.

Anthropic just teamed up with Goldman Sachs and Blackstone to launch a $1.5 billion AI venture targeting private equity-owned companies—signaling that AI monetization is moving decisively beyond Silicon Valley and into mainstream corporate finance. This is a landmark moment for understanding where the real AI money is flowing.Today's Stocks & Topics: CVS Health Corporation (CVS), Market Wrap, Domino's Pizza, Inc. (DPZ), The Arms Race for AI Capital: How Anthropic, Goldman, and Private Equity Are Reshaping Investing, Value Stocks, Invesco S&P SmallCap Energy ETF (PSCE), Key Benchmark Numbers: Treasury Yields, Gold, Silver, Oil and Gasoline, Rising Cost of Jet Fuel, FactSet Research Systems Inc. (FDS), KPP Newsletter, Memory Chips Stocks.Our Sponsors:* Check out Pebl: https://hipebl.ai* Check out Plaud AI and use my code INVEST for a great deal: https://plaud.ai* Check out Quince: https://quince.com/invest* Check out Scribe and use my code scribe.how/invest for a great deal: https://scribe.comAdvertising Inquiries: https://redcircle.com/brands

Listener Helina asks: what the if we just pumped the last drop of gasoline? The answer goes well beyond empty parking lots and quiet highways. Along the way there's some chemistry, some geology, a detour through ancient history, and a look at how a single resource quietly weaves through agriculture, manufacturing, transportation, and the food on your plate. Join us for this super fun thought experiment with some genuinely surprising science along the way. —— When she's not studying zombie fungus at Harvard or helping us break the universe every week, our very own Gaby Paniccia writes science fiction. Her short story "The Automatic Grocery Store" is now featured on the popular podcast Escape Pod! Listen here: https://escapepod.org/2026/02/19/escape-pod-1033-the-automatic-grocery-store/ —— Check out our membership rewards! Visit us at Patreon.com/Whattheif —— Got an IF of your own? Want to have us consider your idea for a show topic? Send YOUR IF to us! Visit https://whattheif.com/contact and let us know what's in your imagination. No idea is too small, or too big! Keep On IFFin', Philip, Matt & Gaby

Mazel morons! Today, we're coming in hot with the original recipe. Ben is back from a heartbreaking Knicks playoff game and he's officially acting up. This week, the guys dive into the unwritten rules of gym etiquette- from the "undercarriage" blow-dryers at Equinox to the creepy guys flashing people in the steam room. Plus, Josh shares his experience being "propositioned" in a bathroom stall and Ben reveals his secret talent for parking illegally at Madison Square Garden. What are ya nuts?! Love ya! Write us! Send your messages to goodguyspodcast1@gmail.com  Follow us on Instagram and TikTok!  Sponsors: Use our code for 10% off your next SeatGeek order*: https://seatgeek.onelink.me/RrnK/GOODGUYS10 Sponsored by SeatGeek. *Restrictions apply. Max $20 discount Visit www.xyzal.com for more information Go to LITTLESPOON.COM/GOODGUYS and enter our code GOODGUYS at checkout to get 30% off your first Little Spoon order. Try ShipStation free for sixty days with Full access to all features, No credit card needed! Go to ShipStation.com and use code GOODGUYS for sixty days for free! Sixty days gives you plenty of time to see exactly how much time and money you're saving on every shipment. Go to https://kachava.com and use code GOODGUYS for 15% off your first order. For a limited time, Nutrafol is offering our listeners $10 off your first month's subscription and free shipping when you visit Nutrafol.com and enter promo code GOODGUYS10 Please note that this episode may contain paid endorsements and advertisements for products and services. Individuals on the show may have a direct or indirect financial interest in products or services referred to in this episode. Produced by Dear Media. Learn more about your ad choices. Visit megaphone.fm/adchoices

Union Pacific and Norfolk Southern are again seeking approval from the Surface Transportation Board to merge, forming the nation's first coast to coast railroad company. President Trump is expect to host Brazilian President Luiz Incio Lula da Silva for talks about shared economic and security issues. Gasoline prices are up 31-cents a gallon over the last week, that's over 50% higher than a year ago. 

Are you a grandparent overwhelmed by the high-paced chaos of raising grandchildren, trying to break cycles of crisis and create lasting stability? Do you find yourself burning out, reacting to emergencies instead of building a resilient, nurturing home for the children in your care? Are you searching for practical ways to slow down, reconnect, and find the “campfire moments” that bring warmth and peace to your family?I'm Laura Brazan, and after becoming the primary caregiver to my grandchildren, I discovered how demanding and isolating kinship care can be. Together with special guest Jake Knox, author of Oak Logs and Gasoline, we'll explore how to move from the quick fixes of “gasoline” parenting to the steady, reliable warmth of “oak logs.” This episode dives into real stories, trauma-informed strategies, and grounded mentorship for grandparents navigating the unexpected landscape of kinship caregiving. You can read more about Jake and the message of Oak Logs & Gasoline which he brings to life through talks and workshops, on his website. You can also order his book on Amazon. Welcome to “Grandparents Raising Grandchildren: A Guide to Raising Resilient Kinship Families.” Tune in for compassionate conversations, actionable advice on slowing life's pace, and the support you need to nurture your family through adversity. Join our community—because Send us Fan MailJolene Thiessen has been with us since the beginning of our podcast. She wrote in to thank us for our 100th episode! She looked for help online and found us- the only podcast that came up when she searched for help. I live to help these children have better lives and to be sure that all our pain doesn't go to waste for you grandparents and kinship caregivers out there! I love hearing your stories and comments. Keep sharing! Your stories make a difference. In this special pre-roll segment, I'm sharing a moving letter from a member of our community, Laurel. Her story of loss, resilience, and raising her grandson after the unthinkable is a raw reminder that none of us are walking this path alone.We want to hear from you. If Laurel's story resonates with you, or if you have a journey of your own to share, join our private community. Your story might be the exact lifeline someone else needs to hear today. Thank you for tuning into today's episode. It's been a journey of shared stories, insights, and invaluable advice from the heart of a community that knows the beauty and challenges of raising grandchildren. Your presence and engagement mean the world to us and to grandparents everywhere stepping up in ways they never imagined.Remember, you're not alone on this journey. For more resources, support, and stories, visit our website and follow us on our social media channels. If today's episode moved you, consider sharing it with someone who might find comfort and connection in our shared experiences.We look forward to bringing more stories and expert advice your way next week. Until then, take care of yourselves and each other.Want to be a guest on Grandparents Raising Grandchildren: Nurturing Through Adversity? Send Laura Brazan a message on PodMatch, here: https://www.podmatch.com/hostdetailpreview/grgLiked this episode? Share it and tag us on Facebook @GrandparentsRaisingGrandchilden Love the show? Leave a review and let us know!CONNECT WITH US: Website | Facebook 

The U.S. is seeing softer domestic demand for traditional fuels, but pockets of the country remain highly dependent on imported gasoline, jet fuel and diesel. Today, we'll zero in on which PADDs are at the highest risk for shortages and price spikes if the Iran war drags on for an extended period.

AP's Lisa Dwyer reports gas prices likely won't go back down to pre-war levels any time soon.

While Western nations grapple with the fallout from the Iran conflict, China's clean tech exporters are cashing in, and its industrial profits are still growing — all while Beijing quietly expands its economic pressure toolkit under cover of a trade truce with Trump. We unpack China's strategic positioning and what it means for global trade and US investors.Today's Stocks & Topics: PIMCO Dynamic Income Fund (PDI), Market Wrap, Welltower Inc. (WELL), China's Calculated Play: How Beijing Is Turning the Iran War into an Economic Advantage, WEC Energy Group, Inc. (WEC), Key Benchmark Numbers: Treasury Yields, Gold, Silver, Oil and Gasoline, Chevron Corporation (CVX), Oil Mayors, KPP Newsletter, Kimbell Royalty Partners, LP (KRP), Intel Corporation (INTC).Our Sponsors:* Check out Pebl: https://hipebl.ai* Check out Plaud AI and use my code INVEST for a great deal: https://plaud.ai* Check out Quince: https://quince.com/invest* Check out TruDiagnostic and use my code INVEST20 for a great deal: https://www.trudiagnostic.comAdvertising Inquiries: https://redcircle.com/brands

Still six months out, the U.S. midterm elections are likely to influence government initiatives to deal with higher energy costs. Our Head of Public Policy Research Ariana Salvatore and Global Chief Economist Seth Carpenter discuss how the Congress and the Fed might react.Read more insights from Morgan Stanley.----- Transcript -----Ariana Salvatore: Welcome to Thoughts on the Market. I'm Ariana Salvatore, Head of Public Policy Research for Morgan Stanley.Seth Carpenter: And I'm Seth Carpenter, the firm's Global Chief Economist and Head of Macro Research.Ariana Salvatore: Today we're discussing the run up to the midterm elections and what it could mean for the macro outlook and policy response.It's Wednesday, April 29th at 10am in New York.Last week, Mike Zezas and I talked through the midterm elections and their potential consequences for the economy and markets. This week we figured it might be helpful to talk about the setup into November, especially as we're both increasingly being asked about the macro outlook and potential for targeted stimulus to offset the oil shock.So, Seth, let's start there. we know cost of living is a key issue in elections, and we've seen a pretty meaningful oil shock feed through markets. How are you thinking about that in the context of the broader economy?Seth Carpenter: Our U.S. economics team has estimated that the higher gas prices that we have now and likely to have for the rest of the year are going to be more than enough to offset any boost to consumer spending from the higher tax refunds this year. So, I think that's the first point.If you're expecting a boost to come through that channel, you probably want to unwind that. And In fact, overall, what we've done is lowered our forecast for U.S. growth by about three or four tenths of percentage point worth of growth this year because of the higher energy prices. So, it's a drag on spending, I think, no matter how you cut it.Ariana Salvatore: And that's not happening in isolation, right?Seth Carpenter: No, that's exactly right. That's exactly right. We've also got at least somewhat restrictive monetary policy layered on top. So, financial conditions are already a little bit tight and the oil price shock sort of amplifies that tightening by weighing on spending. That's going to be really important.I think an extra complication then is what does it do to inflation? For now, we don't think it's going to be that big of a deal. History says at least looking at the data that when energy prices go up, when oil prices go up, gasoline prices go up. It does boost headline inflation for sure, but the pass through to core inflation is pretty limited, and the effects tend to go away on their own without too much time.So, I think the real hit here is going to be from the higher costs acting like a drag on consumer spending.Ariana Salvatore: Right. And importantly, it's a very visible shock. Gasoline prices feed directly into how consumers and voters perceive the economy, which brings us into the political overlay as we approach the midterms…Seth Carpenter: Yeah, I think that's exactly right. And whenever we economists are thinking about inflation and prices and consumers, we think about exactly that – what we call salience, just how visible are these prices. And gasoline prices tend to be some of those prices that stick out in people's minds.So, if people are seeing it. And people are reacting to it, give me some idea of what the Congress can realistically do between now and the midterm elections.Ariana Salvatore: Well, I would say in theory there's a range of options. Direct stimulus, targeted transfers. We tend to frame affordability policies across five vectors: energy, healthcare, housing, consumer credit and trade policy. But in practice, the constraints are pretty binding right now and as we've been saying, tariff policy is really the only lever the president can pull easily to have a real impact on voters.Seth Carpenter: All right. So, you said constraints and constraints for the Congress. Can you walk us through what those constraints are?Ariana Salvatore: Sure. So, the first and most obvious is deficits. We're already running large fiscal deficits in the U.S., and I would say there's limited political appetite to expand them meaningfully from here in the near term, especially heading into an election.The second is procedure. If you want to pass something sizable, you're either looking at reconciliation, which requires political alignment in a number of procedural hurdles. Or bipartisan cooperation to get around the filibuster. Both seem difficult to us in this environment.Seth Carpenter: So my experience in Washington for a couple decades of working on policy is that when things are difficult, they tend to take more time. So how does the timing component of all of this matter, and how does it fit into the way that you're thinking about it?Ariana Salvatore: Timing is the third constraint. The legislative calendar in particular. What we see is as you get closer to midterms – really any election – the window for passing major legislation narrows pretty quickly. That's because lawmakers shift their focus toward campaigning, and the agenda itself just becomes more limited.And then to finish off the constraints, the fourth I would say is implementation. Even if something were to pass, there's a lag between legislation and the actual economic impact. Getting funds out the door, whether it's checks or programmatic spending, tends to take time.Seth Carpenter: Yeah, even well targeted policy might not hit the economy in time to have the desired effect before the election.Would you agree with that?Ariana Salvatore: Yeah, but for argument's sake, let's say we're wrong on that and Congress does manage to pass something. Maybe not a broad-based stimulus package, but let's say some form of targeted relief.From a macro perspective, what do you think would matter most? Is it the size of the package, how quickly it gets implemented, or which consumers are targeted?Seth Carpenter: Yeah, I'm going to have to say a little bit of all of the above. I mean, economic analysis really tends to show that tax cuts tend to simulate less than increased spending and transfers matter. But it matters to whom those transfers happen.So, I do think if we're aiming at the lower end of the income distribution, probably has a higher propensity to spend; and so, you're more likely to see more of those dollars getting spent and faster – if that's where it's going. The size of the package has to matter as well, because more money out probably means more money getting spent. But I will add, there are two caveats this time around that we probably need to take into consideration.First, with the increase in tax refunds that we've seen this year, survey suggests that households are using that money to pay down outstanding debt more than they would historically. And so, we might be in a situation because of the past couple of years of affordability issues where households are going to try to get ahead of things and pay down some of that debt. And as a result, maybe there's a more muted effect on spending.And second, we are living in a world right now where inflation is well above the Fed's target. So, if the extra stimulus leads to extra spending at a time when prices are already high, well, there's a chance we might give an extra boost to inflation and then the Fed would have to reconsider what it's doing on monetary policy.But you said Congress is probably constrained. So, let's shift then and ask, is there something that the president could do unilaterally with executive authority? And in particular, sometimes I get this question from clients, even if there's not clear, well-defined legal authority. We've seen something like that before with the tariff policy under the IEEPA authority. It was imposed and then later it was pulled back when it was judged by courts not to be the right authority.So, why wouldn't we think – the argument goes; why wouldn't we think that some sort of large scale maybe rebates or direct payments, could get deployed quickly, even if the, let's say, legal authority is a little bit murky?Ariana Salvatore: Yes, it's an interesting question, but I think there are a few important distinctions that make something like the administration sending out checks, for example, very different from tariff policy. First, fiscal transfers are much more clearly tied to congressional authority, legally speaking.Spending power, as you know, resides in Congress, and that's a pretty firm constitutional boundary. And importantly, even something like tax refunds, which can look like direct payments aren't discretionary. They're preauthorized in the tax code, and Treasury is just returning overpayments under a standing appropriation. So, there isn't really a comparable mechanism the administration could use to send out broad-based checks, for example, without new legislation.Now, trade authorities by contrast, have historically allowed for more executive flexibility, even if contested, like we saw with the IEEPA tariffs. Direct fiscal outlays are different. You generally need explicit appropriation. And then second, there's the operational side to all of this. Even if you were to set aside the legal questions, there isn't a standing mechanism for distributing very large sums of money quickly without legislative backing.Seth Carpenter: Fair enough. And if we stay in this totally hypothetical world, what would you imagine would be the timing of any legal challenges if they did happen?Ariana Salvatore: In a scenario like this, you'd likely see challenges fairly quickly and courts could intervene early in the process, potentially before funds are even fully dispersed. So, Seth, the idea that you could deploy something on a massive scale and only deal with the legal consequences much later is all the more uncertain.But Seth, let's stay with the upside risk scenario for a moment. If Congress did pass something targeted instead, where would you expect policymakers to focus? Can we talk through maybe energy rebates, child tax credits, SNAP or nutrition support… Or do you think something else aimed at the most rate sensitive or cost of living sensitive households might make more sense?Seth Carpenter: Yeah, I think you've laid out there a pretty rational strategy for trying to make things targeted for the people who are going to be feeling this affordability crunch the most. And so, the SNAP benefits, like you said, are nutrition support. That's lower income households, families with children, people who really are living paycheck to paycheck and noticing these higher prices.Energy subsidies or some sort of tax rebate – again, trying to target where the pain is most acute; the higher electricity prices, the higher gasoline prices that people are noticing, that people are feeling. I think all of that seems very plausible.I just want to flag though, that there is this possible hidden effect, which is the more these policies mask the higher cost, the economic pain from the higher energy prices – the more it allows people to keep spending despite the higher prices. And that spending with higher prices, well, that could easily lead to a tick up in inflation.That could lead to a change in the Fed's reaction function. And if it was strong enough, if growth picked up enough and inflation picked up from here, you could easily see the Fed hiking rates instead of cutting.Ariana Salvatore: So, in other words, even if the policy surprise is maybe good news for consumers in the near term, markets would still need to think through whether it extends the inflation problem or changes the expected rate path.Seth Carpenter: I think that is exactly right. I think this is very much a case where good news could be good news, but there are going to be lots of details.So maybe if we take a step back, we've got a constrained Congress, maybe limited scope for unilateral action and a macro backdrop because of inflation that's probably already under some pressure.Ariana Salvatore: Which means the key drivers heading into the midterms later this year are likely to remain the ones that are already in place: energy prices, monetary policy, and underlying growth dynamics rather than potential new fiscal stimulus.Seth Carpenter: And so that means for markets, focus needs to stay on the fundamentals.Ariana Salvatore: Exactly. Elections can shape the policy path at the margin, but the macro cycle is doing most of the heavy lifting here. And we think that's the case following the midterms as well. If you'd like more detail there, please go ahead and listen to our podcast from last week on this topic.Seth, thanks for taking the time to talk.Seth Carpenter: Ariana, thank you for inviting me. And for the listeners, thank you for listening. If you enjoy Thoughts on the Market, please share it with a friend or colleague today. And leave a review wherever you listen to podcasts.

Gasoline prices in the United States often feel disconnected from a simple expectation: if a country produces more oil than anyone else in the world, shouldn't fuel be cheap? Yet Americans frequently face high prices at the pump, even during periods of record domestic production. The explanation lies not in a single cause, but in a complex mix of engineering constraints, global market dynamics, and structural mismatches within the U.S. energy system, compounded by Donald Trump's war with Iran. Independent media has never been more important. Please support this channel by subscribing here: https://www.youtube.com/channel/UCkbwLFZhawBqK2b9gW08z3g?sub_confirmation=1 Join this channel with a membership for exclusive early access and bonus content: https://www.youtube.com/channel/UCkbwLFZhawBqK2b9gW08z3g/join Five Minute News is an Evergreen Podcast, covering politics, inequality, health and climate - delivering independent, unbiased and essential news for the US and across the world. Visit us online at http://www.fiveminute.news Follow us on Bluesky https://bsky.app/profile/fiveminutenews.bsky.social Follow us on Instagram http://instagram.com/fiveminnews Support us on Patreon http://www.patreon.com/fiveminutenews You can subscribe to Five Minute News with your preferred podcast app, ask your smart speaker, or enable Five Minute News as your Amazon Alexa Flash Briefing skill. CONTENT DISCLAIMER The views and opinions expressed on this channel are those of the guests and authors and do not necessarily reflect the official policy or position of Anthony Davis or Five Minute News LLC. Any content provided by our hosts, guests or authors are of their opinion and are not intended to malign any religion, ethnic group, club, organization, company, individual or anyone or anything, in line with the First Amendment right to free and protected speech. Learn more about your ad choices. Visit megaphone.fm/adchoices

U.S. Seizes Second Tanker Carrying Iranian Oil. Would Cup News. NFL draft tonight. Gasoline by the numbers. US plans to bail out Spirit Airlines. Court pauses redistricting in Virginia, day after voters approve new maps. Trump reclassifies state-licensed medical marijuana as a less-dangerous drug in a historic shift. 

Rollie and Nicole are back with an exciting update about season 4, and a mini explainer on the Trump administration's “clean beautiful coal” mascot Coalie.BONUS EPISODES available on PatreonSOCIALS & MOREWANT TO ADVERTISE WITH US? Please contact sponsors@multitude.productions DISCLAIMER: Some media clips have been edited for length and clarity. CREDITS Created by: Rollie Williams, Nicole Conlan & Ben BoultHosts: Rollie Williams & Nicole ConlanEditor: Laura ConteProducers: Daniella Philipson & Rebecca SteinbergAdditional Research and Fact Checking: Carly Rizzuto & Canute HaroldsonMusic: Tony Domenick Art: Jordan Doll Special Thanks: The Civil Liberties Defense CenterSOURCESTrump touts 'Beautiful Clean Coal', addresses energy costsTrump At UN: 'Climate Change Is The Greatest Con Job'10 Things to Know About How OSMRE Supports America's Energy Legacy and CommunitiesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Our Global Chief Economist Seth Carpenter concludes the two-part discussion with chief regional economists Michael Gapen, Jens Eisenschmidt and Chetan Ahya on the second order effects of the energy shock from tensions in the Middle East.Read more insights from Morgan Stanley.----- Transcript -----Seth Carpenter: Welcome to Thoughts in the Market. I'm Seth Carpenter, Morgan Stanley's Global Chief Economist and Head of Macro Research. And once again, I am joined by Morgan Stanley's chief regional economists: Michael Gapen, Chief U.S. Economist, Chetan Ahya, the Chief Asia Economist, and Jens Eisenschmidt, our Chief Europe Economist. Yesterday we focused on the immediate impact of the Iran conflict, how the energy shock is feeding through into inflation, and, as a result, shaping central bank decisions across the U.S., Europe, and Asia.Today we're going to go a level deeper and talk about some structural issues in the global economy. It's Wednesday, April 15th at 10am in New York. Jens Eisenschmidt: And 3pm in London. Chetan Ahya: And 10pm in Hong Kong. Seth Carpenter: So, even as we're waiting to see whether or not oil prices stabilize following a temporary ceasefire – or not – the broader effects are still working their way through the global economy. Labor markets, supply chains, and then, of course, back to the more longer-term structural themes like AI driven growth. So, the question, I think, has to be: what does this shock mean, if anything, for the next phase of global growth? And does it reshape it? Does it change it, or do we just wait for things to go through? Mike, let me come to you first. One risk that we've been focusing on is whether this kind of shock really changes some of the structural positives in the U.S. economy. The U.S. has been, I would say, outperforming in lots of ways. We've had this AI driven CapEx cycle. We've had rising productivity; we've had strong consumer spending. What are you seeing in the data about those more structural trends? Michael Gapen: I think what we're seeing in the data right now is evidence that oil is not disrupting the positive structural trends in the U.S. I think AI CapEx spending is largely orthogonal to what we've seen so far. It doesn't mean that we can't see negative effects, particularly if oil rises to say $150 a barrel or more where we think you might see significant demand destruction. But with oil where it is right now, I would say the evidence is it will probably weigh on consumption. Gasoline prices are higher. It's going to squeeze lower- and middle-income households that way. But so far, the labor market appears to be holding up. And business spending around CapEx seems to be holding up. And the productivity story remains in place. So right now, I'd say this is more of a break on consumer spending, maybe a modest headwind. But not an outright hard stop. And I think those positive structural elements and AI-related CapEx spending are going to stay with us in 2026. Seth Carpenter: I hear in your answer part of what for me is always the most uncomfortable part of these conversations. Where I have to come back to say, ‘But of course it depends on how things evolve…' Michael Gapen: Of course, It depends… Seth Carpenter: So, then let me push you on AI specifically. You and your team have published a few pieces recently about AI. How AI is affecting the labor market, and maybe some hints as to how AI is likely to affect the labor market. So how should we think about that? Michael Gapen: While it's still too early, I think, to draw firm conclusions, Seth, we do find that there's some evidence that AI is pushing unemployment rates higher in specific occupations that are exposed to task replacement. So, what we did do is we broke down the data by occupation, and it's clear that the unemployment rate has been rising. But that's just a general feature of the economy at this point in time. Over the last 18 to 24 months, the unemployment rate has gone higher. So, what we did is a second-round effort at kind of controlling for cyclicality. And when you control for those, we do find evidence that the unemployment rate for occupations that have high exposure to AI is higher than you would expect, given the cyclical performance of the economy. But the effect is really small. It's maybe about 1/10th on the unemployment rate. So, I don't want to be too Pollyannish and say, ‘Oh, there's no evidence here that AI is disrupting the labor market.' We'd say that there is some evidence there. But, so far, it's mild and it's modest. It's a little more micro than it is macro. So, we'll see how this evolves. But that would be our initial conclusion so far. Seth Carpenter: So, Mike, that's super helpful. When I think about the AI investment cycle, though, I have to come back to Asia because a lot of the AI supply chain is there in Asia, especially with semiconductors and others. But there's lots of supply chain around the world. So, Chetan, if I think about different supply chains, different industries in Asia that are at risk, potentially being disrupted by the current shock, where do you focus? And then take a step further and tell me if you see a risk that there's a structural dislocation going on here in any of these sectors? Chetan Ahya: So, Seth, there are two relevant points here from Asia supply chain perspective, particularly the tech sector. Number one, there are some concerns on the supply side issues in the context of helium and sulfur. But from what we see as of today, these companies who need that helium and sulfur are able to pay up. As you would appreciate, this is a sector which is, you know, making a lot of money for those economies, i.e. Korea and Taiwan. And they are able to bid up on gas prices, sulfur, and helium, and still managing their production lines. So, we don't see a supply constraint as of now for their production, but there will be an implication for them if you do see damage on U.S. growth, which is quite meaningful. At the end of the day, these sectors are deep cyclical sectors. But if you do see that, you know, scenario of $150 of oil price and it brings global economy to near recession, then there will be implication for these companies and sectors in Asia as well. Seth Carpenter: All right, so Jens, let me bring it to you then. Because when I think about Europe, I think about a couple things. One, kind of, the intersection of energy vulnerability now markets pricing in tighter policy, industrial exposure, which has been going on for a long time. Takes us back in lots of ways to the energy price shock that started in 2021 and went through all of 2022, where we did see, I think, a hit to European manufacturing that had kind of a long tail to it. So, when you think about the current situation, what do you think this shock means for the medium term? How much of an effect do you think this energy price shock could have on the European economy going out a couple of years?Jens Eisenschmidt: Yeah, I mean, just listening to you guys, I mean, really makes me a little bit more depressed still, in terms of being European economist here. Because I mean, it seems America, well, they have the same energy shock, but at least they have AI. In Asia while they have the same energy shock, but at least they have something to deliver into AI. Europe just has the shock, right? So, in some sense there could be one summary.No, but I mean, going back to the comparison and the question. Of course, we have downgraded, as I said yesterday, our growth outlook. And that's predominantly on simply inflation high that is not great for consumption. Consumption is 50 percent of GDP. So, you want to take down a little bit your forecast and your optimism. And then – to your point – where does this leave Europe? We do have already less energy intense manufacturing than before. So, not sure if you'll see much more, or much further downward pressure on this sector. But, of course, it is an uphill battle from here to get back. To get this industrial renaissance back that to some extent the Germans at least are hoping for. In our growth outlook and our growth revisions, we looked into differentiated impacts. And, of course, one of these impacts is through trade. And again, the backdrop here probably globally is not great for trade – as at least you would not want to be super optimistic in that current backdrop. And that will hurt again Europe. So, to your question, we have an outlook, which is still positive growth; but much more muted than say, a month ago or two. Seth Carpenter: Can I push you then a little bit and say that this shock to the European economy then isn't just a cyclical hit. There's probably an additional sort of structural headwind that might get introduced on the heels of, say, the earlier 2021-2022 energy shock? Jens Eisenschmidt: I would say it's the same thing. It's just a reminder that this is still there, right? Europe needs to, kind of, find ways… I think it's best exemplified by the German economy, who was exporting to the rest of the world. And now it looks like as if China has taken over that role. And so, you have to find a new business model, simply speaking, because the ice cream shop next door is just better than you. And so, this is something, what the European economy has just gotten another reminder, and it came through energy, in particular. So, this is where the similarities are. So that was a [20]22 shock. In the meantime, oil prices had nicely retraced, gas prices had nicely retraced. We have new contracts with different suppliers. But still, I mean, the high energy prices expose us here. Because we are already a continent with very high electricity prices, which are derived from the fossil fuels. And so that is not going to end. And so, the continent really urgently has to address that weakness, that structural weakness. And so yeah, in that sense it's structural. Seth Carpenter: Let me pull this together for maybe a final question for each of you. And I'd love it if you could just answer really quickly. Quick fire answers here. We've got a baseline scenario where energy prices are high. Oil is back up a little bit over $100 a barrel. But I think we, and most of the market, are assuming oil prices gradually come down later this year. Mike, what's the prognosis for the U.S. economy? If instead oil prices skyrocket, say they go through $150 a barrel for a couple of months in a row. Michael Gapen: So, the risk there, Seth, is that you do get significant demand destruction. It's not just a gasoline price story for the consumer. It's about weak asset markets. It's about a pullback in hiring. So, at $150 a barrel or more, I would be afraid about recession risk in the U.S. The U.S. is well positioned to handle an oil price shock, but it also has limits. Seth Carpenter: Got it. Jens, suppose instead we had a rapid de-escalation and all of a sudden in the next two months, oil prices are backed down to say $80 a barrel or so. How much of the damage that you envision for the European economy is already baked in the cake? And how much of it goes away if oil prices retrace over the next two months? Jens Eisenschmidt: I would say a lot for this year is baked in the cake to use your words. While next year, we would be basically back to where we had been before in numbers. 1.2 instead of the 0.9 we are seeing currently. And importantly, the ECB could stay. It would not have to hike into that crisis. Seth Carpenter: So, Chetan, , let me come back to you then to wrap up this whole conversation. We've talked about energy mostly in terms of price, but as we've discussed there is the quantity side of things. So, do you think there's a non-linearity? Is there something that's going to just fundamentally change if instead of the rationing being done by price, we get to a point where there's just simply no supply coming to Asia? Chetan Ahya: Yeah, I think that's a very real risk, and that's particularly more important for Asia because there's a lot of dependence on Middle East, and both gas and oil coming in through the Strait of Hormuz. So yeah, I think there is a risk of non-linearity on Asia's growth dynamics if you see supply shortages. Seth Carpenter: Super helpful. I think that's a great place to leave it. What started as a geopolitical shock is now evolving into something broader, touching everything from inflation, interest rates, possibly productivity and technology investment, and clearly global trade. So, Mike, Chetan, Jens, thank you all for coming to help connect these dots. And to the listener, thank you for listening. If you enjoy the show, please leave us a review wherever you listen to podcasts and share Thoughts on the Market with a friend or a colleague today.

PCE and inflation trends – single day concern Earnings Season – Goldman, JPM Eco Reports of historic proportion Feds looking at Private Credit holdings at banks 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? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm-Up - Walking back - Waffling and Extensions --- Blockade - not really - Market Immunity - Jesus.ai - Reading Retreats (The New Silent Disco?) Markets - PCE and inflation trends - single day concern - PPI revised - Earnings Season - Goldman, JPM - Historic Eco Report - Feds looking at Private Credit holdings at banks CONGRATS RORY! - back-to-Back Masters Champ - Over $250M in tour winnings Market Update - Great week for markets as Operation obliteration is postponed - - Weekend concerns and opening in the RED Monday as we get clarification - Markets somewhat immune? Looking past? - FWIW: Not much is moving thought the Straight....But who cares! ----- Markets made back all of the losses from the War! Nothing to worry about... Historic! - As of this month, we have officially hit a new historical floor. - The preliminary University of Michigan Consumer Sentiment reading for April 2026 came in at 47.6, which is the lowest recorded value in the survey's 70-plus-year history. Consumer Sentiment Fed Looking - The Federal Reserve is asking major US banks for details about their exposure to private credit due to a surge in redemptions and a rise in troubled loans in the industry. - The Fed's queries are intended to assess the level of stress in the private credit industry and the potential for it to spill over to the wider financial system. - The Treasury Department is also questioning the insurance industry about exposures to private credit, as part of a broader regulatory push to get a handle on the scale of the strains in the $1.8 trillion private credit industry. ECO - PPI - PPI: Rose 0.5% month-over-month in March, well below the 1.2% consensus expectation -  Follows a downwardly revised 0.5% increase in February (from 0.7%) Core PPI (excluding food and energy): - Increased 0.1% in March, below the 0.4% consensus expectation - Follows a downwardly revised 0.3% increase in February (from 0.5%) --- Market talk: -- -  Final demand services were unchanged, giving markets room to look through the energy-driven spike as likely temporary Meanwhile... - Dow Inc. and Exxon Mobil Corp. are among the companies boosting prices for plastics as the sector grapples with supply shocks from the US-Israeli war on Iran. - The company said Monday that it will raise prices for North American buyers of polyethylene resins — common plastics found in packaging, films and containers — through at least May, according to a document viewed by Bloomberg. - That increase includes a 30-cent-per-pound boost for April and plans for another 20-cent-per-pound hike next month, according to the notice. Blockade - President Donald Trump said the US will begin a full naval blockade of the Strait of Hormuz and threatened to retaliate in the event of Iranian resistance. -The US and Iran failed to reach a deal in direct talks in Pakistan due to differences over the nuclear issue, according to Trump. --- At first, it was a FULL blockade - then another walk-back (or is this just politics vs reality?) - The blockade will be enforced impartially against vessels of all nations entering or departing Iranian ports and coastal areas, according to US Central Command. Goldman Earnings - Reports Q1 (Mar) earnings of $17.55 per share, $1.08 better than the FactSet Consensus of $16.47; revenues rose 14.4% year/year to $17.23 bln vs the $16.99 bln FactSet Consensus. - Net revenues in Fixed Income, Currency and Commodities were $4.01 billion, 10% lower than the first quarter of 2025, reflecting lower net revenues in FICC intermediation, due to significantly lower net revenues in interest rate products and mortgages and lower net revenues in credit products, partially offset by significantly higher net revenues in commodities and currencies. - Provisions for the first quarter of 2025 primarily reflected net provisions related to the credit card portfolio, which was transferred to held for sale in the fourth quarter of 2025. --- Goldman is cleaning up and selling off some of the credit card portfolio (Apple Card) ---- We discussed that analysts had been raising guidance for companies into the print. GS rallied 16% since March - so maybe just sell-the-news event Stocks: Earnings - Goldman Sachs downgraded Best Buy to a sell, and the stock dropped about 4% on the news. --- Goldman's view is that while Best Buy should get a short?term boost in the first quarter—helped by people pulling forward PC purchases and getting bigger tax refunds—that strength may not last. --------According to the analysts, once higher memory costs start working their way into laptop and computer prices, sales could come under pressure after Q1. Blackrock Call - Asset management giant BlackRock has raised its outlook for U.S. stocks, reasoning that contained impacts from the Iran war and strong corporate earnings will create a favorable backdrop. - With earnings season just getting underway, S&P 500 companies are expected to post a collective 12.6% profit increase for the first quarter. - But do we care what Blackrock says? Long only shop with $14T in ETFs Stocks: Monday/Tuesday -----Cruise line stocks were under pressure as higher energy costs and renewed concerns about demand came back into focus. Carnival dropped about 4%, Norwegian Cruise Line was down roughly 3%, and Royal Caribbean slid more than 2%. -----Airlines moved lower for similar reasons. Rising jet fuel prices and softer demand expectations weighed on the group, with United Airlines falling more than 2.5%, while Southwest and Delta both declined around 2%. --Tuesday - Follow through getting us at/above pre-war levels Stocks: Mattress Consolidation: - Leggett & Platt jumped about 9% after announcing it will be acquired by Somnigroup International, a bedding manufacturer. The deal is an all-stock transaction valued at roughly $2.5 billion, and it's expected to close by the end of 2026. ----Mattress Monopoly Now? Adding to  - Tempur Sealy, Mattress Firm, Dreams Stocks - Upgrades - Toll Brothers, Pultegroup — Shares of both stocks rose more than 1% after Evercore ISI upgraded the two homebuilders to outperform. - - The investment firm said it's time to buy the dip in the companies, believing the bad news is already priced in and that both Toll Brothers and Pultegroup could manage macroeconomic headwinds better than some of their peers. Pope Leo - WEAK on crime and terrible for Foreign Policy say President Trump -- Is the Pope involved in criminal /  police issues ? Jesus Update - Aside from the Jesus imagery with Trump as Jesus this weekend (Trust social post - then deleted) - At $1.99 per minute, the tech company Just Like Me is taking that concept to talk to Jesus to a new level. -----Users of the platform can join video calls with an avatar of Jesus generated by artificial intelligence. ------- Like other religious AI tools on the market, it offers words of prayer and encouragement in various languages. ----------With the occasional glitch, it remembers previous conversations and speaks through not-quite-synced lips. Reading Retreats - What it is: Paid reading retreats where people travel to quiet, upscale settings to read their own books—mostly in silence—alongside strangers. - The price: Typically $1,000+ for a long weekend, often selling out months in advance. - Why it works: People are burned out by screens and distractions and are paying for structure, silence, and protected time to focus. - Social without pressure: It offers light community—being alone together—without forced conversation or networking. - Cultural tailwinds: Fueled by BookTok, wellness travel, and nostalgia for slower, analog experiences, turning reading into a premium lifestyle activity. Of Interest - Delta Air Lines said Wednesday it will “meaningfully reduce” its capacity growth plans in the near term. AFTER BULLISH COMMENTS DAYS EARLIER - Delta joined United and JetBlue in hiking its checked bag fees this week as jet fuel costs surge. PRICE WILL NEVER COME DOWN - Delta said its fuel bill will be $2 billion higher this quarter because of the spike in costs. - The carrier also reported first-quarter earnings that beat analysts' expectations. BY THE WAY>>>>> JAYNA - AKA China - China's factory?gate prices rose 0.5%, the first increase in more than three years. -  Consumer prices increased 1% year over year in March, falling short of economists' expectations. - Gasoline prices jumped 11.1% from the prior month, even as Beijing tried to limit fuel price increases. - Economists warn the spike in input costs could lead to “bad inflation,” putting added pressure on manufacturers that are already operating with thin margins. Health Breakthrough - Revolution Medicines said its pancreatic cancer drug daraxonrasib succeeded in a Phase 3 trial. - RevMed said its drug almost doubled the typical length of survival and slashed the risk of death by 60% versus chemotherapy. - The company said it will soon seek FDA approval using a Commissioner's National Priority Voucher, which grants a quicker review. - It is a small?molecule oral oncology drug, taken as a daily pill, not chemotherapy or immunotherapy. - Stock up nicely on the news... China PPI - China's factory-gate prices rose for the first time in more than three years while consumer inflation moderated in March, amid a surge in oil prices as the Iran war upended global energy markets. - The producer price index grew 0.5% from a year earlier, the first growth since September 2022, ending the longest deflationary streak in decades. For the first quarter, the PPI fell 0.6% year on year. China PPI and CPI Intel - Intel's stock had a ninth straight winning day on Monday, up 58% over that stretch. - Shares of the semiconductor company are soaring after a series of announcements and major partnerships with Google and Elon Musk. - CPUs are seeing a resurgence as agentic artificial intelligence continues to gain traction.   Love the Show? Then how about a Donation? THE CLOSEST TO THE PIN for NETGEAR 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 Iran crisis is forcing a fundamental reevaluation of global logistics and infrastructure investments as companies seek alternative supply routes. Shipping companies and logistics providers are adapting to new realities while infrastructure spending becomes increasingly strategic.Today's Stocks & Topics: iShares Gold Trust (IAU), Market Wrap, Atlassian Corporation (TEAM), Winmark Corporation (WINA), Enel SpA (ENLAY), Berkshire Hathaway Inc. (BRK-B), The Shipping Stocks Supply Chain Crisis and Infrastructure Investment Opportunities, Brown & Brown, Inc. (BRO), Key Benchmark Numbers: Treasury Yields, Gold, Silver, Oil and Gasoline, KPP Newsletter, The Bobby Bonilla Story.Introducing our Third Annual InvestTalk Market Madness! Join the mayhem before May 18th at 11:59 pm PST for the chance to win $1,500! Fill out your bracket below: https://kppfinancial.com/investtalk-madnessOur Sponsors:* Check out Anthropic: https://claude.ai/invest* Check out Pebl: https://hipebl.ai* Check out Quince: https://quince.com/invest* Check out TruDiagnostic and use my code INVEST20 for a great deal: https://www.trudiagnostic.comAdvertising Inquiries: https://redcircle.com/brands

See omnystudio.com/listener for privacy information.

PREVIEW FOR LATER TODAY (1)HEADLINE: Joseph Sternberg Warns of Looming Energy Price Crisis in Britain (2)SUMMARY: Joseph Sternberg discusses potential jet fuel and gasoline shortages in the UK. While physical supplies remain available, soaring prices are creating significant anxiety, potentially leading to a financial crisis before actual shortages occur. (3)1638