Podcasts about wti

Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links —Apple PodcastsSpotifyTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.

Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links —Apple PodcastsSpotifyTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.

Carl Quintanilla, Leslie Picker and Michael Santoli led off the show with market reaction to Intel's better-than-expected Q2 results — with the AI boom fueling the company's fastest revenue growth in almost 15 years. The anchors also explored why software stocks were in rally mode, while memory chip shares slumped. Crude oil prices and the U.S.-Iran conflict: WTI and Brent on pace for a third consecutive week of gains. Also in focus: President Trump imposes new tariffs on dozens of countries and weighs in on the AI data center backlash; American Express and Verizon shares head in opposite directions on earnings news; Elon Musk's message to The Economist magazine on AI; Oracle's 10-year, $7 billion Pentagon contract; How low can SpaceX go?   Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this Dividend Cafe Thursday episode, Brian Szytel recaps a broad market selloff with stocks and bonds down as the Dow fell nearly 600 points, the S&P 500 dropped 1.5%, and the Nasdaq slid 2.4% while the 10-year yield rose about four basis points to 4.7%. He attributes pressure to escalating Middle East tensions after a Houthi attack in the Red Sea, driving oil sharply higher (WTI up 6% near $92 and Brent up 7% above $100), and to disappointing earnings from bellwether tech names Google and Tesla, with Google showing negative free cash flow amid heavy CapEx. He notes markets are only about 4% off highs, cautions that volatility is normal, questions the usefulness of the Shiller CAPE given decades of “overvaluation,” and highlights very strong weekly jobless claims (187, lowest since 1969), which could raise the odds of a Fed hike. 00:00 Market Wrap Overview 00:52 Oil Shock and Rates Rise 01:27 Earnings Hit Tech Leaders 02:49 Volatility and Drawdown Reality 03:36 Shiller CAPE Debate 04:06 Jobs Data and Fed Outlook 04:54 Sign Off and Disclosures Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links —Apple PodcastsSpotifyTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.

On Wednesday, July 22, Brian Szytel reports a quiet, mostly flat market day: the Dow and S&P 500 were flat, the Nasdaq fell about 0.4%, the 10-year Treasury yield rose roughly three basis points to 4.66%, and WTI oil gained about 2.5% amid continued Middle East turmoil. With no economic news, he discusses a Goldman Sachs white paper on global demographics, noting slowing or negative population growth in the developed world (Japan and China already peaked; Europe close), and that U.S. demographics are relatively better due to immigration, supporting a premium equity multiple alongside higher productivity. He also notes U.S. multinationals' foreign revenue share has declined since the 2010s. Finally, he explains the S&P can be positive while momentum/semiconductor names enter a bear market because money rotated into other sectors, shown by equal-weight S&P strength versus cap-weight weakness. 00:00 Market Wrap Snooze Fest 00:48 Why So Quiet Today 01:14 Goldman Demographics Paper 02:00 GDP Growth Headwinds 03:14 Emerging Markets Reality Check 03:52 US Valuation Premium Case 04:21 Global Revenue And Dollar Talk 04:52 Tech Bear Market Question 05:16 Rotation Explains The S&P 05:53 Closing Thoughts And Thanks Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

PODCAST LAS NOTICIAS CON CALLE DE 21 DE JULIO -  Regresan las multas de AutoExpreso - El Vocero Hutíes plantean cerrar paso a barcos de Arabia Saudita disparando el precio del petróleo a 90 - BBC Miguel Romero pide sacar a Itza García y a Francisco Domenech - TeleOnce Nuevo operador para inspeccionnes de carros otra vez empieza el proceso - El Vocero Brasil le pasa a USA como exportador de alimentos mundial - Semafor  Quieren limitar la ciudadanía americana a nacidos en territorios de USA - El Nuevo Día Acuden al tribunal federal para ayudar a que PR no tenga que pagar la deuda y advierten que es falso que afectemos al mercado municipal de bonos - El Nuevo Día Un momento para WindMar Home — la empresa con más de 20 años protegiendo los hogares puertorriqueños.Solar para bajar tu factura. Techo para proteger tu inversión. Agua para que nunca te quedes sin — especialmente con las sequías que se aproximan. Y batería para total independencia energética.Todo bajo una misma empresa. Un solo llamado. Llama al 787-489-1155 o visita windmarhome.comWindMar Home — los que se preparan hoy , duermen tranquilos mañana.#windmarhome#windmar #incluyeauspicio Se disparan los impagos en préstamos estudiantiles, PR lidera todo USA  - El Nuevo Dia Frutos exóticos en San Sebastián, boricua siempre montones de frutas que se dan en PR que nadie imaginaría que se dan aquí - Primera Hora Carraízo, Cidra, Matrullas y Loco entran a embalses de observación por falta de lluvia - Primera Hora Hogar de envejecientes ceierra tras estar operando sin permiso - WAPA Federales arrestan sujeto por estar amenazando a pentecostales, judíos, soldados americanos y otros - Noticel Muere Granados Navedo, exvicepresidente de la Cámara bajo el PNP - Metro Trump vuelve a meterle aranceles a Canadá de 50%, papas y varios productos LOS DATOS DEL DÍABrent~$89/barril · tocó $90 WTI~$83/barril Gasolina EE.UU. (retail)>$4.00/galón (+13¢ semana) S&P 5007,443.28 (−0.19%) Dow Jones51,839.26 (−0.59%) Nasdaq25,508.07 (−0.05%) Bono 10 años4.59% Gas natural (Henry Hub)~$3.70/MMBtu (prom. 2026, EIA)Euro/USD e hipoteca 30 añossin confirmar hoyCierre del 20 de julio. En PR (DACO, mediados de julio): gasolina regular ~$1.05-$1.10/litro, diésel ~$1.23-$1.32/litro.

Brian Szytel recaps a Tuesday market rebound led by momentum stocks and semiconductors, with the Dow up over 300 points, the S&P 500 up 0.9%, and the Nasdaq up 1.3%, while the 10-year yield rose to 4.63% and oil climbed to about $84 WTI and $91 Brent amid the Iran war, pressuring inflation expectations and rates. With no major economic data, he focuses on demand-pull inflation and the lagged relationship between money supply (M2) and CPI, noting M2 is up ~3.5% year-to-date and nearly 6% over 12 months, suggesting inflation could bias higher 12–18 months out despite a cooler June CPI. He discusses the Fed's inflation-fighting rhetoric, an estimated high chance of a rate hike before year-end, and potential headwinds to risk assets from tighter policy and balance-sheet shrinkage. He also explains that point moves typically refer to the Dow for public discussion, while deeper market analysis relies on the broader S&P 500. 00:00 Market Bounce Recap 01:02 Rates and Oil Move 01:37 Money Supply and CPI 03:05 Fed Hike Risk Ahead 04:52 Dow vs S&P Explained 06:41 Wrap Up and Q&A Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links —Apple PodcastsSpotifyTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.

Marty's back on the shore house porch just as the Middle East flares up again. Marty and John dig into WTI and Brent back in the 80s, the SPR hitting 43 days, and why GCC countries are racing to bypass the Strait of Hormuz. They also get into the US as a helium winner, the Fed trying to have it both ways on forward guidance and inflation, and why Kimi K3 is exposing the strategic risk of nerfed frontier models. They also touch on Jevons Paradox in AI inference, whether sovereigns will end up backstopping training spend, and Bitcoin hovering around 64k with the strategic reserve bill finally hitting committee.

The bond market just broke a major correlation at a particularly crucial moment. As the Warsh Fed sets out to stamp its mark on the market, the market is already stomping the narrative and doing so in a highly unusual way. UST & WTI have split up, with more than the Fed getting caught up in the burgeoning divorce. Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That's exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider----------------------------------------------------------------------------------If you want to see The Four Economic Regimes, and How to Position Your Portfolio for Each One, sign up here https://eurodollar-university.com/home-page----------------------------------------------------------------------------------https://www.cnbc.com/video/2026/07/16/pending-home-sales-june.htmlhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUI'll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here: https://bravais.social/profile/edu

US futures mixed as the Dow trades lower and the Nasdaq slightly higher. Bond markets are mixed: the U.S. 10-year yield is up 1 bp at 4.6%, gilts have risen 2 bps to 5%, and bunds are steady at 3.2%. The dollar is softer. Oil has given back earlier gains, with WTI crude little changed just below $82 per barrel. Gold is lower, industrial metals are down, and bitcoin is weaker. Ongoing Middle East tensions leaving a cautious tone for equity markets. US ramped up strikes against Iran on the weekend. Protraction in hostilities a complication for European macro outlook given impact on inflation and demand. Market moving off earlier lows with oil pulling back from session highs, highlighting sensitivity to energy price developments.Companies Mentioned: Segro, Samsung Biologics, Advanced Medical Solutions Group, PolyPeptide Group

Wall Street: seduta debole e volatile, i chip rimbalzano; Iran, Trump torna a minacciare dopo morte soldati; WTI tra gli 83 e gli 85 dollari al barile; Paramount: alt temporaneo alle nozze con WBD; SpaceX: settima seduta in calo Puntata a cura di Stefania Spatti - Class CNBC Learn more about your ad choices. Visit megaphone.fm/adchoices

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

Happy 6th Anniversary, my dear Flock! What a better way to party than with thousands of holes and the expanding universe.— Support and sponsor this show! Venmo Tip Jar: @wellthatsinteresting Instagram: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@wellthatsinterestingpod⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Bluesky: @wtipod Threads: @wellthatsinterestingpod Twitter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@wti_pod⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Listen on YouTube!! Oh, BTW. You're interesting. Email YOUR facts, stories, experiences... Nothing is too big or too small. I'll read it on the show: wellthatsinterestingpod@gmail.com WTI is a part of the Airwave Media podcast network! Visit AirwaveMedia.com to listen and subscribe to other incredible shows. Want to advertise your glorious product on WTI? Email me: wellthatsinterestingpod@gmail.com Learn more about your ad choices. Visit megaphone.fm/adchoices

We are excited to share this Special Edition featuring Senator Alan Armstrong (R-OK). Senator Armstrong, alongside Senators Rick Scott (R-FL), Cynthia Lummis (R-WY), Katie Britt (R-AL), and James Lankford (R-OK), recently introduced the American Energy and Mineral Infrastructure Act. The legislation seeks to modernize the federal permitting process for energy and mineral infrastructure projects while preserving strong environmental protections. We were delighted to host Senator Armstrong to discuss his experience in Washington, the motivation behind the legislation, and what it could mean for the future of U.S. infrastructure development. In our conversation, Senator Armstrong discusses his transition from leading Williams Companies to serving in the U.S. Senate and explains why permitting reform has become one of the country's most pressing economic and national security priorities. He walks us through the American Energy and Mineral Infrastructure Act, outlining how the legislation seeks to streamline federal permitting, reduce unnecessary litigation, provide greater regulatory certainty for project developers, and create a more predictable process for building critical infrastructure. We explore how permitting delays increase costs for consumers, discourage private investment, and threaten America's economic and technological competitiveness as electricity demand accelerates alongside AI and data center growth. Longer term, it's not an overstatement to say failing to address these issues will also threaten the country's national security. Senator Armstrong shares his perspective on building bipartisan support for permitting reform, maintaining an energy source-neutral approach, and ensuring that pipelines, transmission lines, nuclear facilities, and other critical infrastructure can be built in a more timely and predictable manner. We touch on the growing importance of grid reliability, the intersection of permitting reform and national security, and why he believes the current Congress has a unique opportunity to address these long-standing challenges before rising power demand and infrastructure constraints become even more acute. The discussion was especially timely as the push is on to get permitting reform done during this Congress. The Senator emphasized, “Who in the world would oppose this? We're going to be asking that question exactly on the floor tomorrow as we're starting to put pressure on moving this bill forward.” We greatly appreciate Senator Armstrong for joining us and for his leadership on this important issue. To start the show, Mike Bradley highlighted key market developments, noting that favorable inflation data has supported markets this week. Cooler-than-expected CPI and PPI reports released on Tuesday and Wednesday, respectively, pushed the 10-year Treasury yield down to roughly 4.55% and reduced near-term pressure on the Federal Reserve to increase interest rates. In commodities, Brent and WTI crude oil prices appeared to have temporarily stabilized at approximately $85/bbl and $80/bbl, respectively, despite President Trump's escalation of military strikes against Iran. On the equity front, the S&P 500 was up about 0.25% on the day, supported by the favorable PPI report. Telecom was the top-performing sector, gaining roughly 2.5% to 3.0%, led by Google, following reports that Berkshire Hathaway had taken a large position in the stock. He concluded by highlighting the significant value creation achieved during Alan Armstrong's tenure as CEO of Williams Companies. Veriten Senior Advisor Bill Flores also joined the discussion, offering valuable perspective on the legislative process and the dynamics in Washington.

PODCAST LAS NOTICIAS CON CALLE DE 15 DE JULIO - Las primarias no le preocupan a JGo - El Vocero Rivera Schatz refiere a subsecretaria de la gobernación Itza García - El Vocero Bonistas la emprenden contra la Junta porque alegan esconden dinero para no pagar la deuda de la AEE - El Vocero USA envía barcos para confrontar a China en el Pacífico - WSJAhora mismo vuelven a atacar a Irán y cierran el estrecho de Hormuz - WSJProcurador del envejeciente la emprende contra la baby secretaria de la Familia - El Vocero Llega a PR la diarrea explosiva de cyclospora - Metro Adictos a la lotería, aumenta 7% la cantidad de billetes, 780 millones se juegan en PR - El Vocero     •    ¿Te ha pasado que llegas de viaje y se te arruina la ilusión tan pronto ves la factura del teléfono y tienes cargos adicionales?     •    Se suman más y más y más cargos adicionales por cada llamada, mensaje, búsqueda que hiciste.     •    Eso me llegó a pasar, hasta que me cambié a T-Mobile.     •    Los únicos que ofrecen SIN COSTO ADICIONAL internet y textos ilimitados en más de 215 destinos.     •    Ya no me tengo que preocupar cuando viajo, ni cuando regreso porque ya está incluido, sin cargos adicionales.     •    Viaja relax con T-Mobile, ¡Cámbiate hoy en T-Life o llama al 1800TMOBILE!#incluyeauspicio #tmobileDistrito Sports Hub en Centro de Convenciones con 20 millones de inversión - El Vocero Agricultores dicen que la sequía los está destruyendo - Primera Hora Gobernadora dice que LUMA no puede demandar al gobierno y pide al Supremo acoger el caso y resolverlo para sacar a LUMA - Metro Tres años de cárcel para Arriaga por abuso de menor de 12 años - Jay Fonseca PR Prohíben los jetskis en Salinas tras más casos de muerte de manatíes - Primera Hora ICE detiene operativos que incluyan detener carros cuando tras matar joven colombiano, Trump cambia decisión - WSJMoody's da buena nota pero con cuidado a San Juan para emitir deuda - El Nuevo Día EE.UU. golpea Irán por 4to día; Trump amenaza con volar plantas eléctricas y puentes. Brent en $86.82.LOS DATOS DEL DÍA (cierre martes 14 de julio)Brent$86.82/barril  +4.45%WTI~$80/barril (máximo de 4 semanas)Gasolina EE.UU. (prom.)$3.89/galónDiésel EE.UU. (retail)cerca de $5/galónS&P 5007,543.59  +0.38%Dow Jones52,508.27  +0.02%Bono 10 años4.583%Euro/USD~1.14 (últ. dato disp. 11 jul)Gas natural (Henry Hub)~$3.00/MMBtu (11 jul)

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

This week we had the exciting opportunity to travel to Lake Forest, California, to tour TAE Technologies' facilities and spend time with the company's CEO, Dr. Michl Binderbauer. Founded in 1998, TAE has spent nearly three decades pursuing one of the energy industry's most ambitious goals: commercializing a safe, sustainable, and economically viable source of fusion energy. With renewed momentum in the fusion industry, we thought it was the perfect time to visit TAE and better understand why many believe fusion's moment may finally be approaching. Our visit also marks the beginning of a California COBT series, where over the coming weeks, we'll highlight some of the state's innovative companies, technologies, and leaders. We will also touch on a challenge or two the state is facing. Stay tuned! In our discussion, Michl explains why he believes fusion has reached a true inflection point after nearly three decades of scientific and engineering progress. He outlines why TAE was founded with the “end in mind,” deliberately choosing the more technically challenging hydrogen-boron fuel cycle because it offered the best path to a commercially viable power plant rather than simply proving the science. We explore how advances in AI, machine learning, advanced computing, and materials science have accelerated development, why TAE believes commercial fusion is now measured in years rather than decades, and how the company is preparing to build its first demonstration power plant. We discuss TAE's innovative approach to commercializing technologies developed along the way, including its advanced power management platform that is finding applications in AI data centers, industrial facilities, and grid modernization. Michl shares his vision for fusion's role in delivering abundant, reliable energy to meet the world's rapidly growing electricity demand, the importance of recent U.S. regulatory reforms, the race with China to commercialize fusion, workforce and supply chain challenges, and why he believes fusion has become not only an energy opportunity, but also an economic and national security imperative. We look at what the next five years could look like for TAE, why hyperscalers, industrial customers, and the Department of War may become some of fusion's earliest adopters before widespread utility deployment, the company's long-term vision for a more distributed electric grid, and much more. It was a fascinating and wide-ranging discussion, and we greatly appreciate Michl for sharing his time and insights. To start the show, Mike Bradley noted that markets have been volatile this week. He highlighted that the cooler-than-expected CPI report sparked a rally in Treasuries, driving the 10-year yield down from roughly 4.65% to 4.55%, and said Wednesday's PPI report will be another important data point for the Fed. U.S. equities also moved higher, with the S&P 500 gaining approximately 0.5% on the back of the CPI report and strong bank earnings, while the Dow lagged following a sharp selloff in IBM shares after disappointing quarterly results. In commodities, Brent and WTI crude prices climbed roughly $8-$9/bbl this week following the collapse of the Iran-U.S. ceasefire and renewed disruptions through the Strait of Hormuz. He emphasized that today's challenge is less a global crude supply issue than a global refining problem, citing tight refined product inventories and the loss of roughly 1.5 million bpd of Russian refining capacity following Ukrainian attacks. He also highlighted that European natural gas prices have surged from approximately $16/MMBtu to $19/MMBtu as storage levels remain 20%-25% below seasonal norms and buyers compete for LNG cargoes. Mike noted that Energy is the best-performing S&P 500 sector this week, up approximately 3%, as investors turn their attention to second-quarter oilfield services earnings. He also highlighted the newly announced strategic alliance between SLB and Liberty Energy focused on data center infrastructure and power solutions, noting that similar partnerships are likely to become increasingly common across the energy sector.

VOV1 - Giá dầu thế giới tiếp tục tăng mạnh trong phiên giao dịch ngày 14/7 sau khi Mỹ tiến hành thêm các cuộc không kích nhằm vào Iran và chuẩn bị tái áp đặt phong tỏa các cảng biển cũng như tàu thuyền liên quan đến Iran tại eo biển Hormuz.Giá dầu Brent có thời điểm vượt 87 USD/thùng, mức cao nhất kể từ tháng 6, trong khi dầu WTI của Mỹ vượt 81 USD/thùng. Tính từ khi thị trường mở cửa hôm Chủ nhật, giá dầu Brent đã tăng hơn 15%, còn dầu WTI tăng hơn 12%.Còn Bộ Tư lệnh Trung tâm Mỹ (CENTCOM) cho biết, lực lượng Mỹ đã tấn công nhiều mục tiêu quân sự tại tại Iran nhằm làm suy giảm năng lực của nước này trong việc đe dọa hoạt động vận tải thương mại trên biển. Theo kế hoạch, từ 16 giờ ngày 14/7 theo giờ miền Đông nước Mỹ, Washington sẽ tái áp đặt phong tỏa đối với các cảng biển và tàu thuyền liên quan đến Iran tại eo biển Hormuz.Các chuyên gia của công ty phân tích ING nhận định việc Mỹ tái lập phong tỏa sẽ có tác động lớn hơn nhiều đối với thị trường năng lượng so với việc Washington trước đó chỉ đình chỉ cơ chế miễn trừ trừng phạt đối với dầu mỏ Iran. ING ước tính, nếu áp dụng mức phí 20% như tuyên bố của Tổng thống Donald Trump, giá dầu có thể tăng lên mức sát 100 USD/thùng.Trong khi đó, Bộ Lao động Mỹ công bố chỉ số giá tiêu dùng (CPI) tháng 6 của nước này. Theo đó chỉ số CPI  đã giảm 0,4% so với tháng trước, mức giảm mạnh nhất kể từ tháng 4/2020. Lạm phát theo năm cũng giảm xuống còn 3,5%, thấp hơn mức 3,8% mà giới phân tích dự báo và giảm từ mức 4,2% của tháng 5. Tuy nhiên, đà tăng mới của giá dầu sau các cuộc tấn công vào Iran có thể khiến áp lực lạm phát quay trở lại trong những tháng tới nếu căng thẳng tại Trung Đông tiếp tục leo thang./.Quang Trung/VOV Mỹ

The wheat complex exploded to the upside on Wednesday as concerns grow over the closure of the Kerch Strait, linking the Sea of Azov with the Black Sea, as fighting intensifies between Russia and Ukraine in the region. Could this be the start of a bigger rally across commodities as we re-add war premium into the trade? We talk wheat, crude oil, corn, inflation and the struggles in the cattle complex with Mike Zuzolo from Global Commodity Analytics on today's show. Find more online at https://www.globalcommresearch.com. 0:00 Wheat surges on Black Sea tensions 0:53 The Kerch Strait: a new bottleneck for wheat and crude 3:04 Energy: Russian diesel, the funds, and the Hormuz double whammy 6:46 Geography lesson: Kerch, Crimea, and Odessa under fire 9:12 The WTI–soft red wheat correlation 10:49 Paris wheat leads: highest since 2024 12:08 Corn: not a U.S. weather market... yet 14:15 Cattle on the struggle bus: a futures-led correction 17:11 Feeders, feed needs, and where to hedge 18:44 CPI and PPI come in cool 19:28 How to reach Mike Zuzolo

Andrew, Ben, and Tom discuss June CPI falling to 3.5% and core CPI to 2.6% both below expectations with the biggest month-over-month drop since May 2020, Trump proposing a 20% fee on Strait of Hormuz cargo and reinstating the blockade sending WTI to $80 and Brent to $87, Chris Waller's hawkish pivot as Warsh builds Fed credibility, IBM's 19% drop after warning on the quarter as clients reprioritized CapEx toward memory and cybersecurity, HCA's 6% drop on ACA payer mix, Samsung exploring a US ADR listing after SK Hynix's blockbuster $26.5B raise, SLB and Liberty Energy pushing into data center power, improving NFIB and Fastenal readings, and a very strong bank earnings kickoff with BAC investment banking fees up 50%.Join our live YouTube stream Monday through Friday at 8:30 AM EST:http://www.youtube.com/@TheMorningMarketBriefingPlease see disclosures:https://www.narwhal.com/disclosure

SHARESIES · MARKET MOVEMENTS · 15 JULY 2026Laura Marwick & Jordan Cunningham, Sharesies Head of Data & Analytics Note: Filmed Tuesday 14 July ↑ WHAT’S UP — Meta surged 14.8% on plans to add 14 gigawatts of compute, driving the Nasdaq up 1.74% for its fourth gain in five weeks. SK Hynix's US debut raised US$26.5 billion, the largest-ever US listing by a foreign company. ↓ WHAT’S DOWN — The ASX 200 fell 0.4% to 8,806 as miners tumbled over 4%, while the Dow was down 0.5% and Russell 2000 0.6%. ! BIGGEST SURPRISES — The RBNZ lifted the OCR 25bps to 2.5% — its first hike in three years — and signalled that more tightening is likely. Renewed US-Iran strikes pushed WTI crude up 4.3% and the 10-year Treasury yield to 4.57%. ◎ WHAT TO WATCH — US CPI lands Tuesday (est. 3.9% y/y), alongside new Fed Chair Kevin Warsh's first congressional testimony and big US bank earnings. ◈ BIGGER PICTURE — Analysts have unusually lifted S&P 500 earnings estimates into Q2 reporting season, stirring "earnings bubble" talk, while the US-Iran ceasefire looks fragile after fresh strikes. NZ's rate hike and improving PMI point to a Q3 recovery. Disclaimer: Sharesies Market Movements is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. This video is general market commentary and educational in nature. It is not financial advice and does not take into account your personal objectives, financial situation or needs. Information is current at the time of recording and may be subject to change. We do not provide recommendations and nothing in this video should be taken as a recommendation to buy or sell any financial product. Investing involves risk. You might lose the money you start with. Past performance is not indicative of future performance. If you require personal financial advice, you should consider speaking with a qualified financial adviser. Our disclosure documents and terms and conditions, including a Target Market Determination and IDPS Guide for Sharesies Australian customers, are available on our relevant Australian or NZ website.See omnystudio.com/listener for privacy information.

VOV1 - Quân đội Mỹ cho biết Bộ Chỉ huy Trung tâm Mỹ (CENTCOM) đã bắt đầu đợt không kích thứ ba liên tiếp nhằm vào Iran vào khoảng 16h45 (giờ miền Đông) ngày 13/7. Vào lúc 16 giờ 45 phút (giờ miền Đông), theo chỉ đạo của Tổng thống Donald Trump, Bộ Chỉ huy Trung ương Mỹ đã bắt đầu đợt không kích thứ ba liên tiếp nhằm vào Iran. Theo CENTCOM, các cuộc tấn công này sẽ tiếp tục gây tổn thất nặng nề cho các lực lượng Iran, đồng thời làm suy giảm khả năng của Tehran trong việc tiến hành các cuộc tấn công nhằm vào hoạt động vận tải thương mại trên eo biển Hormuz.Cùng ngày, Tổng thống Donald Trump tuyên bố Mỹ sẽ tiếp tục gia tăng sức ép quân sự và để ngỏ khả năng tấn công “Núi Pickaxe”, khu vực được cho là có các đường hầm quân sự kiên cố gần cơ sở làm giàu uranium Natanz của Iran.Trong cuộc phỏng vấn với chương trình Hugh Hewitt, ông Trump cho biết Mỹ đang theo dõi sát khu vực này và khẳng định sẽ cân nhắc tiến hành cuộc tấn công trong thời gian tới. Ông cũng tuyên bố Mỹ sẽ giáng những đòn mạnh vào Iran trong tối 13/7 và tiếp tục các cuộc tấn công vào ngày hôm sau. “Núi Pickaxe” nằm gần cơ sở hạt nhân Natanz và được đánh giá là một trong những công trình quân sự kiên cố nhất của Iran, với hệ thống đường hầm nằm sâu dưới lòng đất. Nhiều chuyên gia cho rằng khu vực này có thể nằm ngoài khả năng xuyên phá của ngay cả những loại bom xuyên boong-ke mạnh nhất của Mỹ.Trước đó, ông Trump tuyên bố Washington sẽ khôi phục phong tỏa hàng hải đối với Iran, không cho phép tàu của Iran và các đối tác của Tehran đi qua eo biển Hormuz, trong khi các quốc gia khác vẫn được tự do đi lại qua khu vực chiến lược này.Thông tin này đã đẩy giá dầu thế giới tăng vọt. Dầu Brent tăng 9,6%, lên 83,30 USD/thùng, mức tăng trong một ngày mạnh nhất kể từ năm 2020, trong khi dầu WTI tăng 9,4%, chốt ở 78,14 USD/thùng.Quang Trung/VOV- WashingtonẢnh minh hoạ: Reuters

After recapping the Weekend in Fun, Dave and Will fill us in on their electric finish at the West Texas Invitational, then the UFC debacle and we have an old man getting upended by a bison in Yellowstone. Support us on Patreon and receive weekly episodes for as low $5 per month: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.patreon.com/circlingbackpodcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Watch all of our full episodes on Spotify: ⁠⁠⁠⁠⁠⁠https://open.spotify.com/show/6GWLSnyJKGMDIWsYC0RBG2?si=f9e2bcc01d2a4573&nd=1&dlsi=dd35daf7973642a1⁠⁠⁠⁠⁠⁠ Watch all of our full episodes on YouTube: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.youtube.com/washedmedia⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Shop Washed Merch: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.washedmedia.shop⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ • (00:00) Fun & Easy Banter • (11:50) Recapping This Weekend in Fun • (25:20) Will and Dave's electric WTI story • (1:06:00) UFC • (1:15:10) Bison & Cobras on the loose Support This Episode's Sponsors: - BetterHelp: Start therapy with BetterHelp. Sign up and get 10% at https://betterhelp.com/circling - Poncho: Go to ⁠⁠https://ponchooutdoors.com/STEAM⁠⁠ for $10 off your first order and free shipping. - Squarespace: Check out ⁠⁠⁠https://squarespace.com/steam⁠⁠⁠ for a free trial, and when you're ready to launch, use OFFER CODE: STEAM to save 10% off your first purchase of a website or domain. - Lola Blankets: Head to https://lolablankets.com/ and use code STEAM to get 40% OFF your order Learn more about your ad choices. Visit megaphone.fm/adchoices

https://www.youtube.com/watch?v=Q2f7C_7ZyG0 Recorded: July 9, 2026 In this post–Fourth of July episode of the PetroNerds Podcast, Trisha Curtis welcomes Hon. Jason Isaac back to the show for a wide-ranging discussion about global oil markets, geopolitical risk, American energy security, and the policies shaping energy affordability and reliability. Trisha begins with a market snapshot—WTI near $72 per barrel, Brent around $76 per barrel, and Henry Hub natural gas near $3 per MMBtu—before examining the renewed conflict involving Iran. Trisha and Jason discuss attacks on ships and military installations, continued crude movements through and around the Strait of Hormuz, U.S. vessel escorts, ship-to-ship transfers, trucking, and the growing pipeline infrastructure that could steadily reduce Iran's leverage over global oil flows. The conversation then expands to Russia's shadow tanker fleet, Ukrainian attacks on vessels and refining infrastructure, Venezuelan and Iranian crude exports, and India's growing role in refining Russian oil. Trisha explains why disrupting individual tankers and refineries matters, while cautioning that Russia still has multiple ways to move crude and obtain refined products. Trisha and Jason also break down the coordinated release from the Strategic Petroleum Reserve, emphasizing the difference between an exchange and an outright sale. They discuss the relationship between SPR drawdowns, U.S. crude exports, oil prices, and the eventual need to replenish strategic inventories. China is another major focus. Trisha challenges conventional estimates of Chinese oil demand and argues that China's ability to reduce imports may reflect years of aggressive stockpiling rather than a sudden drawdown of its reserves. They explore China's refined-product exports, its economic slowdown, its energy relationship with Russia, and the enormous influence Beijing continues to exercise across global energy markets. In the second half, the conversation turns to energy development in Africa, international financing, the World Bank, the U.S. Export-Import Bank, European energy policy, air-conditioning access, climate modeling, fuel taxes, climate litigation, the Texas power grid, Permian Basin natural gas, flaring restrictions, transmission spending, and the cost of integrating intermittent generation. Throughout the episode, Trisha and Jason make the case that abundant, affordable, and reliable energy is essential to economic development, national security, and human flourishing. Prepared from the supplied episode transcript.  Key Topics Why crude continued moving despite disruption concerns in the Strait of Hormuz Pipeline projects and alternative transportation routes around the strait Iran's shrinking leverage over regional oil exports Russian shadow tankers and Ukrainian attacks on refining infrastructure The Strategic Petroleum Reserve exchange and its impact on exports and prices U.S. crude production approaching 14 million barrels per day China's oil imports, stockpiling strategy, demand, and refined-product exports Energy investment, corruption, and infrastructure development in Africa International financing for coal, natural gas, and energy development European heat, air-conditioning access, and electricity reliability Climate modeling, RCP8.5, and the “They Knew” research project California fuel taxes and the consumer cost of climate mandates Climate litigation involving energy companies Texas transmission projects and the cost of integrating wind, solar, and batteries Permian Basin natural gas, power generation, ESG commitments, and flaring

With the recent wave of milestones across the U.S. nuclear sector, we were eager to better understand what these achievements mean for the future of advanced reactors. Over the past month, Antares, Valar Atomics, Deployable Energy, and Aalo Atomics each achieved criticality, an important technical milestone, through the Department of Energy's Reactor Pilot Program (RPP) and Nuclear Energy Launch Pad. To help us put these milestones into context, we were delighted to host Dr. Rian Bahran, Deputy Assistant Secretary for Nuclear Reactors in the U.S. Department of Energy's Office of Nuclear Energy. Rian oversees the Department's portfolio for advanced reactor research, demonstration, and deployment, and is a career member of the Senior Executive Service who has served under both the Biden and Trump Administrations. We were thrilled to visit with Rian to "demystify" the latest developments in U.S. nuclear and discuss what still needs to happen before these technologies reach commercial scale. In our conversation, Rian explains why the four recent criticality milestones represent an important step forward for advanced nuclear. While criticality is not the finish line, he shares how these demonstrations help validate a new commercialization pathway by allowing companies to build and test nuclear hardware in months rather than years. He describes how the Department of Energy's Reactor Pilot and Launch Pad initiatives are creating greater regulatory certainty, helping companies unlock private capital, and accelerating progress toward commercial deployment. We discuss the DOE's broader strategy for expanding U.S. nuclear capacity, from gigawatt-scale reactors and small modular reactors to microreactors. Rian explains why the DOE is pursuing multiple technologies simultaneously, allowing the market to determine the winning designs while supporting innovation across the reactor, fuel cycle, and supply chain ecosystems. He outlines how reactor uprates, restarts, and investments across the nuclear fuel cycle can provide near-term additions to U.S. generating capacity while advanced reactors continue progressing toward commercialization. We explore the role advanced nuclear could play in powering AI infrastructure, military installations, industrial facilities, and future export markets. Rian discusses how the DOE is leveraging AI to accelerate reactor design, licensing, manufacturing, and deployment, and why workforce development has become one of the industry's greatest long-term challenges. He emphasizes that the U.S. has reached a true inflection point for nuclear energy, driven by unprecedented alignment across government, industry, private capital, and growing electricity demand. It was a wide-ranging and fascinating discussion, and we sincerely appreciate Rian taking the time to join us during such a busy time. Mike Bradley kicked us off by noting that three key themes have driven markets so far this quarter. First, Treasury yields have continued to move higher, with the 10-year Treasury yield rising to approximately 4.55% and the 30-year Treasury yield climbing above 5%. Second, renewed geopolitical uncertainty following the end of the Iranian ceasefire helped lift WTI crude oil prices by roughly $4/bbl this week to approximately $72/bbl. Third, equity markets have experienced notable sector rotation, with investors shifting capital out of semiconductor stocks and back into the Magnificent 7. Mike concluded by highlighting the sharp reversal in sentiment toward small modular reactor (SMR) companies. While SMR stocks were among the market's strongest performers entering 2026 amid growing enthusiasm for nuclear power, the group is now down roughly 30% on average year-to-date. Nick Morriss, Brett Rampal, and Veriten Senior Advisor Bill Flores also joined the discussion, contributing their perspectives and questions on nuclear energy and power.

US equity futures are softer with the S&P down. Bonds are firmer, as the US 10-year yield drops 2 bps to 4.5% following yields fell 3-4 bps in prior session. Gilts fall 2 bps to 4.9%, while the Bund softens by 1 bp to 3.1%. The dollar is weaker. Oil edges down slightly, with WTI crude near $72/bbl. Gold is lower, while Bitcoin shows gains. European and Asian equity markets are mostly firmer. European markets are finding support after the US refrained from launching a third consecutive day of strikes against Iran. Sentiment earlier this week was shaken by rising tensions, which triggered a sharp rally in oil prices and a rise in interest rates, reigniting concerns about inflation and growth risks. As a result, sell-side strategists are becoming increasingly divided on the outlook for European markets. Some analysts point to vulnerabilities stemming from Europe's limited exposure to AI and heightened sensitivity to oil-driven volatility, given the region's reliance on imported oil.Companies Mentioned: EasyJet, Bayer AG, Arthur J. Gallagher

Today is DRAMATIC. We're digging up bodies, both real and symbolic.  — Support and sponsor this show! Venmo Tip Jar: @wellthatsinteresting Instagram: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@wellthatsinterestingpod⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Bluesky: @wtipod Threads: @wellthatsinterestingpod Twitter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@wti_pod⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Listen on YouTube!! Oh, BTW. You're interesting. Email YOUR facts, stories, experiences... Nothing is too big or too small. I'll read it on the show: wellthatsinterestingpod@gmail.com WTI is a part of the Airwave Media podcast network! Visit AirwaveMedia.com to listen and subscribe to other incredible shows. Want to advertise your glorious product on WTI? Email me: wellthatsinterestingpod@gmail.com Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Mark Longo and Carley Garner of DeCarley Trading dig deep into the data using the CME Group TWIFO tool to explore major volatility shifts, unexpected open interest spikes, and unique options trading strategies across multiple asset classes. What's Inside This Episode: The Movers & Shakers Report: A surprising look at the top gainers and losers over the last two weeks. Why did oats quietly take the #1 spot on the light side, and what triggered the Nikkei (in Yen) to plummet 14.8% to the dark side? Energy (Crude Oil & Natural Gas): A breakdown of WTI crude oil navigating Middle East geopolitical headlines, shifting call skews, and high-volume short-dated options. Plus, Carley explains why Natural Gas (the "Widowmaker") might be prepping for a 70–80 cent liquidation drop and how to play it with cheap puts. Equities (NASDAQ & S&P 500): Is this a "Teflon market" driven purely by AI complacency, or are we tracking a technical pattern mirroring the early 2026 meltdown? The hosts dissect a heavy round of 30k NASDAQ call options and the logistics of trading symmetrical butterflies in high-dollar indices. Foreign Exchange (FX & Japanese Yen): The Yen hits a 40-year low against the USD. Carley breaks down why FX options are surprisingly cheap, the probability of a Bank of Japan (BOJ) intervention, and how to structure low-risk micro/mini futures combinations. Agricultural Markets (Corn & Livestock): Grains get a temporary boost from weather rallies and Chinese buying rumors. Discover why the team is leaning short on Dec corn with long puts, and why live cattle charts are flashing ominous warning signs reminiscent of the 2014 macro blow-off top.

In this episode, Mark Longo and Carley Garner of DeCarley Trading dig deep into the data using the CME Group TWIFO tool to explore major volatility shifts, unexpected open interest spikes, and unique options trading strategies across multiple asset classes. What's Inside This Episode: The Movers & Shakers Report: A surprising look at the top gainers and losers over the last two weeks. Why did oats quietly take the #1 spot on the light side, and what triggered the Nikkei (in Yen) to plummet 14.8% to the dark side? Energy (Crude Oil & Natural Gas): A breakdown of WTI crude oil navigating Middle East geopolitical headlines, shifting call skews, and high-volume short-dated options. Plus, Carley explains why Natural Gas (the "Widowmaker") might be prepping for a 70–80 cent liquidation drop and how to play it with cheap puts. Equities (NASDAQ & S&P 500): Is this a "Teflon market" driven purely by AI complacency, or are we tracking a technical pattern mirroring the early 2026 meltdown? The hosts dissect a heavy round of 30k NASDAQ call options and the logistics of trading symmetrical butterflies in high-dollar indices. Foreign Exchange (FX & Japanese Yen): The Yen hits a 40-year low against the USD. Carley breaks down why FX options are surprisingly cheap, the probability of a Bank of Japan (BOJ) intervention, and how to structure low-risk micro/mini futures combinations. Agricultural Markets (Corn & Livestock): Grains get a temporary boost from weather rallies and Chinese buying rumors. Discover why the team is leaning short on Dec corn with long puts, and why live cattle charts are flashing ominous warning signs reminiscent of the 2014 macro blow-off top.

Jenny Racicot, Tyler Robinson's hearing, Iran, Marine Le Pen, and Pastor Ezra Jin headline today's A.M. Update. Jenny Racicot tells CNN's Jake Tapper that Maine Democratic Senate nominee Graham Platner entered her home uninvited in 2021 while heavily intoxicated and forced himself on her, and when Tapper asks directly if she considers it rape she says "by definition, yes, absolutely" — even Zohran Mamdani says Platner should drop out. Day two of Tyler Robinson's preliminary hearing shows surveillance footage of Robinson on the Utah Valley campus four times on the day of the shooting, including footage where his leg does not bend going up stairs in a way that suggests a rifle hidden in his pants leg. Iran strikes tankers in the Strait of Hormuz again and Trump responds by revoking the oil sales license, WTI crude jumps 5%, and Trump heads to Ankara for NATO where he again puts European allies on notice. Toyota announces a $3.6 billion investment to move Tacoma production from Mexico to San Antonio, Marine Le Pen's conviction appeal is upheld but her ban on public office is reduced to time served and she immediately announces she is running for French president anyway, and Pastor Ezra Jin Mingri of Beijing's Zion Church arrives in Los Angeles on July 4th after Trump personally raised his case with Xi Jinping. Aaron closes with JD Vance's Nixon rehabilitation speech at the Richard Nixon Foundation and the uncomfortable question it raises about whether our news addiction has simply made Watergate look small by comparison.

PODCAST LAS NOTICIAS CON CALLE DE 8 DE JULIO - Casi 700 agentes de la policía nuevos comienzan hoy - El VoceroGuerra por destaques - Noticel Trump declara fin del cese al fuego y se atacan Irán y USA, sube el petróleo 5% - CNBC Bebé de 18 meses declarado muerto en piscina estaba vivo en la morgue - Primera Hora 742 casos de hospitales por calor, aunque no son registradas muchas muertes como tal porque se reportan como ataques cardíacos o respiratorios, etc. - El Vocero Detienen racionamiento por ahora porque llovió ayer, mientras hay estado de emergencia - El VoceroAEE tiene déficit de 10 billones de dólares - El Nuevo Día Toa Vaca, Carraízo y Cidra bajo observación por falta de agua - El Nuevo Día Politank radica tarde informes por decreto contributivo - El Nuevo Día     •    ¿Te ha pasado que llegas de viaje y se te arruina la ilusión tan pronto ves la factura del teléfono y tienes cargos adicionales?     •    Se suman más y más y más cargos adicionales por cada llamada, mensaje, búsqueda que hiciste.     •    Eso me llegó a pasar, hasta que me cambié a T-Mobile.     •    Los únicos que ofrecen SIN COSTO ADICIONAL internet y textos ilimitados en más de 215 destinos.     •    Ya no me tengo que preocupar cuando viajo, ni cuando regreso porque ya está incluido, sin cargos adicionales.     •    Viaja relax con T-Mobile, ¡Cámbiate hoy en T-Life o llama al 1800TMOBILE!#incluyeauspicio #TmobileGobernadora le tira a LUMA por informar cuando hay apagones por causa de Genera - El Vocero Venezuela exporta 20% más petróleo que antes de sacar a Maduro - Bloomberg 17 asesinatos más que el año pasado - El Vocero Ucrania vuelve a dejar sin combustible a Rusia tras nuevos ataques en dos refinerías - BloombergUSA obliga a hospitales a meter mejor comida y más saludable - Axios Trump ordena cortar todo el comercio con Españaa - Economist  Casi 3700 muertes por terremotos de Venezuela - Noticel Seguros de hogares subió de 9% comparado con el año pasado - El Vocero Activan guardia nacional para fuegos forestales y llevar agua - Primera Hora Yovngchimi va a escribir letras más limpias - Primera Hora Fuera de control especies exóticas sueltas aquí - El Nuevo Día TrueNorth comparace a nombre de Smartmatic para llevarse contrato de contar los votos en la CEE según El Nuevo Día LOs Tirri vuelven a traer a Dairy Queen a PR - El Nuevo Día Piden salida de Graham Platner como candidato, ¿hasta dónde debe ser esa una decisión tras ganar proceso de primaria? - CNNLOS DATOS DEL DÍABrent$78.07/bbl ▲ +5.27%S&P 5007,503.85 ▼ -0.45%WTI$74.03/bbl ▲ +5.10%Dow Jones52,925.15 ▼ -0.25%Diésel EE.UU. (retail)$4.77/galBono 10 años4.53% (subiendo a 4.57%)Gas natural (Henry Hub)$3.30/MMBtu ▲ +1.07%Euro/USD1.1397Hipoteca 30 años6.63%Gasolina reg. EE.UU.$3.80/gal

Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links —Apple PodcastsSpotifyTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.

Starting off July on a Wobble SpaceX added to NAZ100 Oil prices drifting lower – Gas at the pump? JOBS Number – Odd Move Saylor is selling Bitcoin! 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 - JOBS Number - Odd Move - Saylor is selling Bitcoin! - VEGGIE ALERT! - US RESUMES POWERFUL STRIKES ON IRAN (Is this still a ceasefire?) Markets - Starting off July on a Wobble - SpaceX added to NAZ100 - Oil prices drifting lower - Gas at the pump? - Oracle - Canary? World Cup? - USA is out... (Bad goalie move last night) IRAN - Looks like war is back on - at least for tonight - Oil rises about 3% on the news - US revokes Iran's ability to sell oil around the world - Markets don't seem overly concerned - VIX still low at 16 - Odds that this will be more than a quick in and out? --- Could it be that Iran was waiting until after the Funeral? JOBS COOL, FED STILL HOT - June payrolls came in at +57,000, well under the +110,000 estimate. - April and May were revised down by a combined 74,000 jobs. - Unemployment slipped to 4.2%, but not for the best reason: the labor force shrank by 720,000 people. - Labor-force participation fell to 61.5%, the lowest in more than five years. - Leisure and hospitality lost 61,000 jobs, a notable hit to the consumer-service economy. - Average hourly earnings rose $0.13 in June. - Fed setup: weaker hiring argues for patience, but inflation is still above target, so the market is back to parsing every Fed sentence. - - Fed Funds Futures Now only ONE Raise by Year-End DOW RECORD, NASDAQ WOBBLE - The Dow closed at a record 52,900.07 after the soft jobs report cooled near-term rate-hike fear. - S&P 500 finished roughly flat. - Nasdaq fell about 0.8% as chip stocks dragged the tape lower. - The Philadelphia Semiconductor Index dropped more than 5% on July 2. - Apple rose nearly 5% on iPhone launch optimism. - Nvidia and other AI/chip names stayed volatile after a huge first-half run. - Goldman client data showed hedge funds dumped tech hardware and semiconductor exposure for a fourth straight week. - The issue is not "AI is dead"; the issue is when all the AI capex turns into visible returns. TESLA BEATS DELIVERIES, STOCK STILL GETS HIT - Tesla delivered 480,126 vehicles in Q2, a record quarter and above Wall Street expectations. - Production was 451,758 vehicles. - Model 3/Y made up 467,762 deliveries. - Other models were only 12,364. - Energy storage deployments were 13.5 GWh. - Shares fell about 7.5% after the report, the worst one-day drop in roughly a year. - Pressure points: margin worries, price cuts, demand sustainability, and the market questioning whether the EV story is enough at a very rich valuation. - As of Monday afternoon, TSLA was around $420 with a market cap near $1.49 trillion and a trailing P/E around 385. MORE MUSK - TESLA PUTS AI ON A BUDGET - Tesla reportedly capped employee spending on third-party AI tools at $200 per week starting July 6. - Grok was reportedly exempt from the cap. - Setup: Tesla wants employees using AI, but not running up unlimited outside-token bills. - Cost-control angle: AI is becoming a normal operating expense, not a science project. - Funny part: even at Tesla, the AI bill apparently needs a limiter. NVIDIA SERVER DELAY NOISE - Nvidia shares held up despite reports of delays tied to its next AI server architecture. - SemiAnalysis reportedly said Nvidia's Kyber architecture could slip by up to 12 months into 2028. - Nvidia pushed back and said its development roadmap is unchanged. - Mizuho called the delay report "noise" and said it was not a material issue for the stock. - NOTE:  Story is still report-driven, not company-confirmed. ORACLE - CANARY? - Oracle's stock fell 19% this week, the steepest drop since August 2001, the depths of the dot-com bust. - The company's capital expenditures surged 162% in the latest fiscal year, with almost $24 billion in negative free cash flow and $130 billion in debt. - Co-founder Larry Ellison has fallen behind the Google co-founders, Amazon's Jeff Bezos and Michael Dell on the list of the world's richest people. - After the company reached a peak market cap of $900 billion in September, on enthusiasm about Oracle's AI customers, the stock has lost about 55% of its value. - The crux of the problem is that for Oracle to fulfill its AI infrastructure commitment, primarily to OpenAI, it's having to raise record amounts of debt, creating balance sheet risk while focusing on lower-margin offerings. SPACEX ENTERS THE INDEX MACHINE - SpaceX is set to join the Nasdaq-100 on Tuesday after its recent IPO. - The company's valuation is around $2.1 trillion. - Its Nasdaq-100 weight will initially be under 1% because of limited public float. - Index-tracking funds tied to the Nasdaq-100 will need exposure, creating automatic demand. - Key issue: big valuation, small float, forced index buying. - Watch the lockup calendar: index inclusion can create near-term demand, but employee and insider selling later can change the supply picture. - Podcast angle: retail gets "SpaceX exposure" through QQQ, but not necessarily much exposure at first. STRATEGY SELLS BITCOIN TO PAY THE BILLS - Strategy sold 3,588 bitcoin last week for about $216 million. - Proceeds are being used for preferred-stock dividends and dollar reserves. - The company still holds 843,775 bitcoin, valued around $52 billion. - Q2 included an $8.32 billion paper loss tied to bitcoin weakness. - The company's average bitcoin purchase price is around $75,476. - Recent sale prices were around $59,000 to $61,000. - Funny part: the former "never sell" bitcoin treasury poster child is now selling bitcoin to service the capital structure. - Watch for copycats: any company that copied the bitcoin-treasury model may face the same liquidity math if crypto stays weak. MICROSOFT CUTS AGAIN - Microsoft said it will cut about 4,800 jobs. - Shares slipped nearly 1%. - Job cuts landed while investors are still rewarding AI spending. - The message? spend heavy on AI, cut elsewhere. --- Yes, AI is killing jobs... SERVICES HOLD AT 54 - ISM non-manufacturing PMI came in at 54.0. - Result matched expectations. - Reading above 50 means services activity is still expanding. - Market took it as firm enough for growth, not hot enough to force an immediate Fed move. EARNINGS SEASON STARTER - Delta and PepsiCo report this week. - Levi Strauss also reports this week. - Delta is the read on travel, premium demand, fuel, and consumer resilience. - PepsiCo is the read on snack pricing, volume, and lower-income consumer pressure. - Q2 earnings bar is high after the market's strong second-quarter rally. OIL BACK TO PRE-IRAN WAR LEVELS - Brent settled around $71.99. - WTI settled around $68.55. - OPEC+ approved another output-target increase for August, adding 188,000 barrels per day. - Since April, planned increases add up to nearly 800,000 barrels per day. - Crude exports through the Strait of Hormuz are recovering, taking some geopolitical premium out of the market. - Saudi Arabia cut official selling prices, another sign the market is shifting from shortage panic to buyer resistance. - Good for headline inflation if it sticks; bad for energy bulls who were pricing war-premium oil. SPR DRAWDOWN - U.S. Strategic Petroleum Reserve fell by 6.2 million barrels. - SPR level is now 319.5 million barrels. - That is the lowest level since April 1983. - Drawdown comes while oil prices are easing and OPEC+ is adding supply. - Energy setup: lower crude helps inflation, but reserve levels are historically thin. MORE OIL - CHINA BUYS THE DIP - China stepped up Middle East oil purchases as prices fell. - Saudi Arabia cut export prices to Asia to a six-year low. - Brent settled at $71.99. - WTI settled at $68.55. - OPEC+ approved another August production increase of 188,000 barrels per day. - Planned OPEC+ supply increases since April now total nearly 800,000 barrels per day. - Lower oil supports disinflation but raises questions about global demand. VEGGIE ALERT Item Status Asparagus ESCALATED Artichokes EXTREME Cantaloupe EXTREME Fennel (Anise) EXTREME Green Leaf / Red Leaf Lettuce ESCALATED Honeydews EXTREME Iceberg Lettuce EXTREME Limes (175's and larger) ESCALATED Green Bell Peppers ESCALATED Romaine Lettuce EXTREME Romaine Hearts EXTREME White Asparagus ESCALATED Snacking Tomatoes (Grape & Cherry) ESCALATED   PUBLIC SERVICE ANNOUNCEMENT - Conair Recalls Over One Million Cuisinart Grill Brushes Due to Ingestion Hazard - Product: Metal Wire Bristle Grill Brushes - 1 Million or so - BUT none of these are any good..... CHINA NOT MESSING AROUND - A Chinese court handed a rare death sentence to a former official on corruption charges, in a severe punishment underscoring the intensity of President Xi Jinping's anti-graft crackdown. - Yang Youlin, a former vice director of an economic zone in the eastern city of Nanjing, was sentenced to death on Monday for taking more than 2.21 billion yuan ($325 million) of bribes between 2013 and 2023, according to the state broadcaster China Central Television. - Yang was found guilty also of embezzlement, abuse of power and money laundering. His crimes were “exceptionally grave” and caused massive losses, warranting the capital sentence, CCTV reported, citing the Changzhou Intermediate People's Court in Jiangsu province. DRONES - Dronemaker AeroVironment reported fourth-quarter earnings that beat on the top and bottom lines. - The company's funded backlog of $1.2 billion was up substantially over last year, but grew only slightly from the $1.1 billion last quarter. - Autonomous systems were a strong point with revenue of $492 million that beat the $402 million StreetAccount expectation.   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

Today we were joined by three outstanding guests to discuss one of the biggest long-term opportunities and challenges facing the Permian Basin: produced water. We were thrilled to welcome Adrianne Lopez, Research and Development Manager at Texas Pacific Water Resources, along with Dr. Scott Tinker, Chairman of Switch Energy Alliance and Director Emeritus of the Bureau of Economic Geology at the University of Texas, and Derek Tinker, Founder of Agnostic Data Group. We appreciated hearing each of their perspectives on why produced water has become one of the defining issues for the future of the Permian, the technologies making large-scale desalination increasingly feasible, and how produced water could become a valuable resource for agriculture, power generation, AI infrastructure, and beyond. In our conversation, Scott explains the scale of the challenge, noting that the Permian now produces roughly 20 million barrels of water every day, with water-to-oil ratios continuing to increase across much of the basin. He outlines why disposing of that water through underground injection is becoming more difficult and more expensive, and argues that beneficial reuse represents one of the industry's largest untapped opportunities. Adrianne walks us through the science behind produced water, explaining why it is significantly more difficult to treat than seawater. She details Texas Pacific's work developing freeze desalination technology, the company's new 10,000-barrel-per-day demonstration facility, and why reaching commercial scale, alongside continued regulatory progress, will be critical to improving the economics of produced water desalination. We examine where this water could ultimately be used, from AI data centers and power generation to cotton production and land rehabilitation, and why collaboration between industry, regulators, and technology providers will be essential. We discuss the valuable minerals contained within produced water, including lithium, the role of AI and real-time monitoring in building public trust, and why transparent, independently verified water quality data are as essential as the treatment technology itself. Scott argues that the industry already has many of the technologies needed to move forward. The remaining challenge, he suggests, is creating the economic incentives and regulatory certainty needed to scale solutions that can reduce disposal volumes while creating entirely new sources of water for Texas. As disposal costs continue to rise and desalination costs decline with scale, he believes operators have an opportunity to address a growing operational challenge while reinforcing the industry's long-term position in the Permian. Mike Bradley opened the discussion by noting that market rotation has been the defining theme in recent trading. While Treasury yields moved modestly higher this week, investors are largely looking ahead to next week's CPI and PPI reports for potential market-moving data. Within equities, semiconductor stocks have pulled back sharply after leading the market for much of the year, while the Mag 7 have recently rebounded. In energy, the sector moved higher alongside a roughly $2/bbl increase in WTI crude to ~$70/bbl following renewed attacks on vessels transiting the Strait of Hormuz. Mike noted that oil markets appear to be pricing in a quick return to normal in the region, which may prove optimistic. He also highlighted that second-quarter earnings season begins in earnest during the week of July 20, with several oilfield services companies reporting results. U.S. natural gas prices strengthened on hotter summer weather, while European gas prices rose as below-normal inventories and geopolitical tensions supported the market. Mike concluded by highlighting the IEA's 3Q26 Gas Market Report, which projects global natural gas demand will decline 0.5% in 2026. Robby Kester also joined and added his technology perspective and questions throughout the conversation. We will be staying close to this topic and hope you find the conversation as useful and informative as we did. Our best to you all!

Will hops on to talk about the sad end to the USMNT run in the World Cup, Dave went crazy in the kitchen last night, Dave previews the West Texas Invitational that he and Will are playing in, and the Spurs play-by-play guy is in the dog house. Support us on Patreon and receive weekly episodes for as low $5 per month: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.patreon.com/circlingbackpodcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Watch all of our full episodes on Spotify: ⁠⁠⁠https://open.spotify.com/show/6GWLSnyJKGMDIWsYC0RBG2?si=f9e2bcc01d2a4573&nd=1&dlsi=dd35daf7973642a1⁠⁠⁠ Watch all of our full episodes on YouTube: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.youtube.com/washedmedia⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Shop Washed Merch: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.washedmedia.shop⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ • (00:00) Fun & Easy Banter • (19:25) World Cup letdown • (52:05) Dave's kitchen • (1:03:30) A little WTI preview • (1:11:45) Spurs play-by-play guy in the dawg house Support This Episode's Sponsors: - Bonobos: For 25% off your order, head to https://bonobos.com/steam and use code STEAM. - BetterHelp: Sign up and get 10% at ⁠⁠⁠https://betterhelp.com/circling⁠ - Warby Parker: buy one prescription pair and get 20% off any additional prescription pairs at https://warbyparker.com/steam - Factor Meals: Head to https://factormeals.com/backer50off and use code backer50off to get 50 percent off and free daily greens per box, with new subscription only, while supplies last until 09/27/2026. (See website for more details) Learn more about your ad choices. Visit megaphone.fm/adchoices

PODCAST LAS NOTICIAS CON CALLE DE 7 DE JULIO - Trump y la OTAN reunidas hoy en Turquía Racionamiento de agua en PR y 180 mil afectados hoy - El VoceroNo sabemos si Trump va a botar o no a la Junta todavía, dan 30 días - El Vocero Nueva investigación contra Politank, o sea, van a repetir la que ya habían hecho - Jay Fonseca PR Dicen que Turismo Interno impulsa economía de PR, mientras montones de paradores de la Isla siguen cerrados sin intervención de Turismo - El VoceroLegislador dice que investigará denuncias de presiones por parte de la gobernadora contra agricultor - El Nuevo Día Piden a boricuas, colombianos y venezolanos unirse contra Trump en inminente colapso de representación latino tras nuevos mapas electorales - El Nuevo Día En la temporada de huracaneses vital tomar medidas para asegurar nuestra tranquilidad.Si tienes dudas, llama al 787-641-7171 Todos tienen una manera diferentede prepararse para un huracán.Lo importante es que lo hagan.Auspiciado por Universal,en nuestro servicio está la diferencia.#universal#incluyeauspicio Cierra hotel Santa Juanita - El Nuevo DíaVale 8 mil billetes reforzar cada pared de columna en casas elevadas en PR - Primera HoraTras 36 años consecutivos, no hay boricuas en juego de estrellas - Primera HoraCafé arabica sube de precio por problemas ambientales, el aumento de un día para otro más grande en 26 años - Reuters Policía busca cómo implementar decisión del Supremo federal sobre personas con armas y el cannabis - Noticel Serios problemas de calidad de aire con incendios forestales, bruma y polvo del Sahara Sale libre hoy Yovngchimi - TelemundoPR Se gradúan 600 policías mañana - WUNO China deja de comprar millones de barriles de petróleo de forma sospechosa - Axios Irán ataca con misiles barcos tanqueros en Hormuz, ataque a barco Saudí y de Qatar - Reuters Mercado de valores rompe récord tras informe de Ai, otros - CNBC Mega escándalo sexual destruye esperanzas de los demócratas en Maine - Politico Cuba vuelve a quedarse sin luz - FTLOS DATOS DEL DÍABrent~$72/barril (−33% en 3 meses)WTI~$68/barril (bajo $70, −39%)Diésel PR (al detal)$1.08–$1.17/litro (DACO, 3 jul)S&P 5007,537.43 (+0.72%, cierre 6 jul)Dow Jones53,055.91 (+0.29%, récord)Bono 10 años4.46%Gas natural (Henry Hub)~$3.24/MMBtuHipoteca fija 30 años~6.54%

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US equity futures are firmer, with the S&P 500 up. Bond yields are lower, as the US 10Y Treasury falls 2 bps to 4.5% and the Bund drops 2 bps to 2.9%. Gilts are softer. The US dollar is stronger. Oil prices are down, with WTI crude trading below $69/bbl. Gold is up, and Bitcoin is firmer. European equity markets are higher, while Asian markets show mixed performance. The market is awaiting fresh catalysts in Europe, showing no reaction to volatility in Asian tech stocks. Strategists remain positive on the European equity outlook, as investors grow more comfortable owning European assets amid an improving macroeconomic environment. The recent selloff in oil is the most significant factor influencing markets. More broadly, investors are continuing to assess the sustainability of capital expenditure by US hyper-scalers.Companied Mentioned: GFL Environmental, Element Solutions, Samsung Electronics

We sure did. Guess how it went. — Support and sponsor this show! Venmo Tip Jar: @wellthatsinteresting Instagram: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@wellthatsinterestingpod⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Bluesky: @wtipod Threads: @wellthatsinterestingpod Twitter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@wti_pod⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Listen on YouTube!! Oh, BTW. You're interesting. Email YOUR facts, stories, experiences... Nothing is too big or too small. I'll read it on the show: wellthatsinterestingpod@gmail.com WTI is a part of the Airwave Media podcast network! Visit AirwaveMedia.com to listen and subscribe to other incredible shows. Want to advertise your glorious product on WTI? Email me: wellthatsinterestingpod@gmail.com Learn more about your ad choices. Visit megaphone.fm/adchoices

PODCAST LAS NOTICIAS CON CALLE DE 2 DE JULIO - Rusia importa gasolina y combustibles de India, mientras ataca bestialmente a la capital de Ucrania - Financial Times Otro caso de libertad bajo palabra de asesino suelto, la policía no tenía ni registro ni archivos de los casos que había tenido el tres veces asesino  - El Vocero 280 policías menos en PR, 176 por retiro, 13 por retiro obligatorio, 62 renuncias Gobernadora dice que tenemos superavit de 635 millones y que salen estados financieros auditados del 2023 - El VoceroSacan de abanderado oficialmente a Tuto Bermúdez - Metro Un momento para WindMar Home — la empresa con más de 20 años protegiendo los hogares puertorriqueños.Solar para bajar tu factura. Techo para proteger tu inversión. Agua para que nunca te quedes sin — especialmente con las sequías que se aproximan. Y batería para total independencia energética.Todo bajo una misma empresa. Un solo llamado.Llama al 787-489-1155 o visita windmarhome.comWindMar Home — los que se preparan hoy , duermen tranquilos mañana.#windmarhome#incluyeauspicioArranca rehabilitación con 170 millones para Sergio Cuevas, mientras dicen que eso durará 4 años - El Vocero OpenAi propone darle 5% al gobierno federal como dueños de ChatGPT - FTCRIM fabricó documentos para justificar el gasto de jangueo que nunca se dio y evento que nunca ocurrió - El Vocero   Junta le impuso presupuesto de la UPR y son 566 millones, 421 millones menos que en 2017 - El Nuevo Día Sueltan 91 millones de FEMA, pero ponen nuevo requisito para soltarnos dinero federal - Metro Hermana de Gabriela Nicole vio que Elvia entregó objeto a AnthonieskaVuelven a quedar en nada negociaciones con Irán - Reuters El precio de la carne se dispara al tener menos ganado en reserva en 75 años - Reuters AEE demanda a dueños de Genera porque tuvieron que gastar 54 millones más por no traernos suficiente Gas Natural y tener que usar diesel - El Nuevo DíaTrump se sale del acuerdo con Canada y México que é mismo había establecido - Economist Sony anuncia el fin del disco físico y de ahora en adelante todo será digital - Bloomberg  Llegan a Venezuela primeros rescatistas y suministros desde PR - Wapa Federales van a realizar arrestos en Jardines de Loíza y Loiza Home for the Elderly, pero FBI niega operativo - WAPA Trump hizo 2.2 billones de billetes - Bloomberg GAO dice que a PR no le han soltado casi nada para arreglar sistema energético - El Nuevo Día  LOS DATOS DEL DÍA (cierre 1 jul 2026) Brent~$71-72/bbl ▼ mín. desde feb. · WTI ~$67.57 Diésel wholesale~$3.21/gal (aprox.) S&P 5007,483.23 −0.22% Dow Jones52,305 −0.03% Bono 10 años~4.49% Euro/USD1.1407 Gas natural (Henry Hub)~$3.19/MMBtu (aprox.) Hipoteca 30 años~6.5%

https://www.patreon.com/TheAMUpdate   Birthright citizenship, Jessica Gorman, gas prices, and the Patreon launch headline today's A.M. Update. The Supreme Court upholds birthright citizenship 6-3, overturning Trump's executive order, and Aaron says he spent a day furious about it before landing on a silver lining: it was one or two votes from going the other way, which was unthinkable ten years ago. The same SCOTUS session also upholds state bans on biological males in female athletics, with Justice Clarence Thomas writing in his concurrence that men with gender dysphoria are not women and using language to obscure that reality is lying to the public. Stephen Miller goes on Fox to call out Amy Coney Barrett and John Roberts for caving to the left, and Aaron says the urgency right now has to be mass deportations, not waiting for the next ruling. Jessica Gorman, the mother of Sheridan Gorman, the 18-year-old Loyola University freshman shot and killed by a Venezuelan national in Chicago, delivers gut-wrenching testimony before the House Judiciary Committee and Aaron says he got chills. Trump and Scott Bessent both pressure gas stations to stop gouging consumers as WTI crude sits under $70 a barrel, and Aaron says the math on how fast prices go up versus how slowly they come down is pretty damning. Aaron closes with a framework for how to have an honest adult conversation about Israel, announces The A.M. Update's new Patreon at patreon.com/theAMupdate, and teases tomorrow's exclusive subscriber episode: what the A.M. Update would have sounded like on July 4th, 1776.

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

The Iran deal is back on again and off again, but oil is not buying it. Marty and John sift through the weekend headline chaos to focus on what actually matters: WTI near seventy dollars and the dollar index back above one hundred. They break down Treasury Secretary Scott Bessent's speech on economic statecraft, why reshoring critical supply chains is moving from PowerPoint to plant openings, and how Iran's oil sanctions waivers are really a dollar dominance play. They also dig into the AI-driven memory shortage that is ending consumer electronics deflation, the administration's crackdown on frontier model releases, and why Apollo's seventeen percent withdrawal requests are a warning shot for private credit. To close, they look at Strategy's preferred share depeg, Bitcoin scraping fifty-eight thousand, and BlackRock's quiet reiteration that every portfolio needs one to two percent allocated to BTC.

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I'm moving 2,144 miles from one side of the US to the other and it also involves taking 2 cats on a plane. So I may need a minute. — Support and sponsor this show! Venmo Tip Jar: @wellthatsinteresting Instagram: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@wellthatsinterestingpod⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Bluesky: @wtipod Threads: @wellthatsinterestingpod Twitter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@wti_pod⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Listen on YouTube!! Oh, BTW. You're interesting. Email YOUR facts, stories, experiences... Nothing is too big or too small. I'll read it on the show: wellthatsinterestingpod@gmail.com WTI is a part of the Airwave Media podcast network! Visit AirwaveMedia.com to listen and subscribe to other incredible shows. Want to advertise your glorious product on WTI? Email me: wellthatsinterestingpod@gmail.com Learn more about your ad choices. Visit megaphone.fm/adchoices

PODCAST LAS NOTICIAS CON CALLE DE 25 DE JUNIO - Se estiman 10 mil muertos en Venezuela tras dupleta de sismos “Tu vas a hacer lo que mami te diga.” - Gaba Figueroa sobre asesinato de Gabriela Nicole Funcionarios de JGo niegan estar yendo a cooperar con FBI - El Vocero JGo la emprenda contra Leo Díaz por presidencia del PNP - El Nuevo Día Cinco asesinatos en pasadas 12 horas - El Vocero Alcalde de Coamo suplica otra vez no darle agua de Coamo a urbanización de Santa Isabel porque dejaría sin agua a su pueblo - El Vocero Rivera Schatz dispara otra vez contra Francisco Domenech y JGo - WAPA.TV Funcionarios de JGo han hablado con los federales por investigaciones, llegan subpoenas Inminente racionamiento de agua arrancando con Loíza y Canóvanas - El Vocero Hoy es el último día de aprobación de medidas en la Legislatura Se llenó el vertedero de Hormigueros dos años antes de lo que se suponía y pierde vida útil - El Vocero Cierran 15 colegios por falta de estudiantes - El Vocero Empresas farmacéuticas al tanto de problemas de energía y políticos en PR - El Nuevo Día Piden retirar nombramiento de juez de secretario de Corrección y de fiscal del caso de Ciary - El Nuevo Día Rivera Schatz dice que no a eliminar comisión del Salario mínimo - El Nuevo Día Petróleo a 69 Se tiran a matar en reunión en el Senado reunido con Trump, gritería a granel - Punchbowl News Demócratas solistas o socialistas demócratas - SemaforPaíses del golfo se sienten traicionados, Netanyahu la mayor caída del acuerdo de Trump - Reuters Trump cancela firma de ley para ayudar a bajar precio de las casas - Axios Bitcoin cae a menos de 60 mil - Bloomberg REforma de permisos en espera LOS DATOS DEL DÍA Brent$73.74/barril (−4.3%) · tocó nivel pre-guerra (

PODCAST LAS NOTICIAS CON CALLE DE 24 DE JUNIO - Venezuela anuncia deuda más grande de la historia, le pasa a PR por más de tres veces - FT Derrotan aliado de PR por no ser socialista suficiente - Washington Post Gobernadora dice que hay que investigarlo todo tras escándalo de San Francisco v. San Sebastián Creen que viene racionamiento de agua - El Nuevo Día Justicia envía al FEI en vez de ella investigar escándalo de San Sebastián v. San Francisco “Reconciliación 3.0": más para el Pentágono, recortes a MedicaidEl Senado bloquea a Trump en la guerra con Irán, 50-48, cuatro republicanos votaron con demócratas - Reuters ¿Te ha pasado que llegas de viaje y se te arruina la ilusión tan pronto ves la factura del teléfono y tienes cargos adicionales? Se suman más y más y más cargos adicionales por cada llamada, mensaje, búsqueda que hiciste. Eso me llegó a pasar, hasta que me cambié a T-Mobile. Los únicos que ofrecen SIN COSTO ADICIONAL internet y textos ilimitados en más de 215 destinos. Ya no me tengo que preocupar cuando viajo, ni cuando regreso porque ya está incluido, sin cargos adicionales. Viaja relax con T-Mobile, ¡Cámbiate hoy en T-Life o llama al 1800TMOBILE!#tmobile #incluyeauspicioLUMA demanda al gobierno de PR en reconvención histórica En meses la inteligencia artificial pondría en riesgo de seguridad global por modelos chinos y de Japón independientemente lo que haga USA - Axios Ya pasaron 109 buques en tres días por Ormuz, prohíben cobro de peajes o cuotas - Bloomberg Chip-wreck vuela el mercado de valores y está en quién sabe lo que pasará en este casino - Bloombrerg LOS DATOS DEL DÍA Brent$77.42/barril (-0.6%) WTI$72.73/barril (-0.7%) Diésel wholesalebajó de $5.00/galón (1ª vez desde marzo) S&P 500~7,473 (-1.4%) Dow51,667 (-0.1%) Nasdaq-2.2% Bono 10Y del Tesoro4.50% Euro/USD1.138 (-0.4%) Gas natural$3.23/MMBtu (-0.8%) Hipoteca 30Y6.47% (Freddie Mac)

Brian Szytel recaps a Wednesday session that began with a recovery bounce led by technology as interest rates and WTI fell, but the rally fizzled and selling in tech resumed while value names held up better. He says markets are digesting valuation pressure with stocks trading around 22–23x earnings and uncertainty around the Strait of Hormuz and U.S.-Iran negotiations, which could affect oil prices. He highlights the 2s/10s spread flattening from about 80 bps earlier in the year to about 26 bps, suggesting slowing growth and potential Fed policy risk as inflation remains a concern; markets imply a high chance of at least one rate hike by year-end. The key data point was weak May new home sales (580k vs 640k expected) and elevated unsold new-home inventory at 9.4 months amid high mortgage rates. 00:00 Market Bounce Fizzles 00:44 Valuations and Oil Risk 01:35 Yield Curve Warning Signs 02:00 Fed Policy and Rate Hike Odds 03:15 Listener Question on Spreads 04:03 Housing Data Miss 05:11 Wrap Up and Sign Off Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com