“.. What the Chinese have done is taken an unbelievably old technology, and basically married it with modern communications and observation .. It’s a massive effort.”
@washingtonpost @DanLamothe https://www.washingtonpost.com/national-security/2023/02/07/china-spy-balloon-intelligence/
the real A.I. winner
“.. police officials said that one of the five officers, Demetrius Haley, admitted to sending a photograph of Mr. Nichols to at least five people ..”
@nytimes #Memphis https://www.nytimes.com/2023/02/07/us/tyre-nichols-photo-memphis-demetrius-haley.html?smid=nytcore-ios-share&referringSource=articleShare
Thank God. Dave & Buster's is now in the "metaverse" with "Dave & Buster's World on Roblox."
It's an "interactive and immersive digital experience that reflects the energy and excitement of its brick-and-mortar locations."
Food probably better, too. https://www.prnewswire.com/news-releases/dave--busters-announces-its-launch-into-the-metaverse-with-dave--busters-world-on-roblox-301740037.html
Enphase is such a horse. Still the best clean energy play. Just love it.
Volker has left the building… The Fed is embracing painless disinflation and hopes it continues… We're not in Wyoming anymore”
BofA’s Mike Gapen
Another ridiculous decline in a bull market.. never stops
“Markets expected that the whole world had changed,” after Friday’s jobs surprise, “and it doesn’t seem like it has.”
@FT #FOMC https://www.ft.com/content/10b6d4f2-d48f-401f-8407-8d5688d1e226
And my video interview with Mr. Nadella + my hands on with the new Bing. It's pretty great. https://www.wsj.com/video/series/joanna-stern-personal-technology/bing-with-ai-microsoft-ceo-satya-nadella-on-why-search-is-changed-forever/FD2170DD-F431-49A2-8BF9-11FCF5665C3C
* US Consumer Credit Rises at Smallest Clip in Nearly Two Years
MORGAN STANLEY: “Friday's employment report was a major upside surprise .. but we do not think it marks an inflection point .. Favorable weather added ~126k jobs in January, which should roll off .. Our preliminary forecast for February payrolls is for net job gains of 200k.”
In a fun twist, AI is being used to author a Microsoft LinkedIn post.
“The irony is that on the night that President Biden will deliver the #SOTU, immigration reform and childcare policy .. two sure pathways to draw more workers back into the labor force .. is a non-starter given the stark political polarization ..”
TODAY IN 1972: Elton releases “Tiny Dancer” as a single.
Here he is, playing an early version of the song for a TV crew — after pulling a crumpled piece of paper (Taupin’s lyric) from his pocket.
interesting sell-off; opportunity
MICROSOFT VP ANNOUNCES BING SEARCH ENGINE IS RUNNING ON NEW NEXT GENERATION LARGE LANGU
AGE MODEL THAT IS MORE POWERFUL THAN CHATGPT
So the traders sold Apple low and are buying it high.
gonna need a new bogeyman.
Egg prices are plummeting.
#Balloon pics coming in.
📍ATLANTIC OCEAN - @USNavy Sailors assigned to Explosive Ordnance Disposal Group 2 recover a high-altitude surveillance balloon off the coast of Myrtle Beach, South Carolina, Feb. 5, 2023.
I reiterate it is a bull market
* MACKLEM SAYS BOC PAUSE NEEDED TO AVOID SLOWING ECONOMY TOO MUCH
(via @JohnSpall247) 🇨🇦 #BOC
* ZOOM ANNOUNCES 15% CUT IN GLOBAL WORKFORCE
(via @JohnSpall247) $ZM
This is pretty amazing.
Something special for you this morning. @Lilliannnn and I spoke to 18 notable media execs and investors and asked them all the same six questions about what TV will look like in 3 years.
Here’s what they told us. https://www.cnbc.com/2023/02/07/future-of-tv-predictions.html
"I don’t recall a flurry like this of Big Tech companies racing to one-up each other in a topic, ever. How fast has this been?"
* Late Nov: #ChatGPT gained mainstream buzz
* Dec 22: Sundar declares a 'code red' ..
* Feb 6th: $MSFT announces it’s hosting an event
- B of A desk
In its regulatory filing, $HTZ "had fewer than 50,000 Teslas in its fleet — less than half the 100,000 the company said it would order by the end of 2022."
The announcement "will include specific steps companies will need to take to apply for funds, along with a timeline of when grants will be awarded."
@WSJ #ChipsAct $SMH
> @jamieleecurtis "finds herself in a place .. where she feels the spirit of her late parents, Oscar nominees Janet Leigh and Tony Curtis. 'They were the first thing I thought of,' she says. 'I never thought I would reach their level.'"
* U.S. JUDGE DENIES #FTX FOUNDER SAM BANKMAN-FRIED'S REQUEST TO MODIFY BAIL CONDITIONS; HEARING REMAINS SCHEDULED FOR FEB 9 -- COURT FILING
US Atlanta Fed GDPNow Q1: 2.09% (prev 0.68%)
Peak inventory. Trough pricing.
Is April the magic month for DRAM? “Our channel checks indicate some moderation .. New production cuts for DRAM should bring inventory back below its recent peak ..”
(via MS) $SMH
* Episode 4 of #TheLastOfUs hits a new series high -- despite #Grammys competition.
@TheWrap @michaelsantoli @LisaMVillalobos @clmazin @hbo
(FT) - General Glen VanHerck, the head of North American Aerospace Defense Command, made a stark admission on Monday by revealing that the US had not detected previous flights by Chinese spy balloons over its airspace.
KOTICK: “If a deal like this can't get through, [the UK] are not going to be Silicon Valley, they will be Death Valley.”
No way. sure it’s not Babylon Bee?
.@Twitter chose a VERY interesting day to censor @SteveDaines over a profile picture he’s had for weeks… one less loud conservative voice on #sotu2023. https://twitter.com/racheldumke9/status/1622940946076672006
".. This is the first time the [Manheim] index has risen on a M/M basis since May .."
LIN check your bulletins club members!!! not what stock is saying
I'm at the Exchange ETF conference, where advisors are having a tough time figuring out the direction of the economy, and the stock market. Forgotten parts of the market lead the way in 2023 as advisors wrestle with how to play the economy. https://cnb.cx/3lcXyJQ @CNBC
With the 60-point gain in the #SPX on Thursday (2/2), a Golden Cross happened that day; the day right after the #SPX finally broke above 4,100. That's 2 significant technical signals last week.
* DUPONT EXPECTS RAMP UP IN CHIP INDUSTRIES IN CHINA BEGINNING Q2
DEUTSCHE: C&I lending standards tend to lead high-yield defaults by a few quarters — “and last night showed that the tightening continued for a third quarter. We're now at levels broadly consistent with the past recessions.”
MORGAN STANLEY: “.. in the eight cycles since 1993, the average period of [global industrial[ growth has been ~10.3 quarters, and the average downcycle has lasted ~5.3 quarters — which would take us into 2024, if this downcycle is ‘average.’” [Huberty]
Today in 1964: the Beatles arrive in America at 1:20 pm ET — riding a publicity campaign from Capitol Records that sent thousands of screaming fans to meet their plane. The scenes become iconic.
@BeatlesEarth @PaulMcCartney @ringostarrmusic