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On today’s show, we discuss:
- Jerome Powell faces lowest public confidence for Fed Chairman on record, Gallup says
- International diversification – still not crazy after all these years
- Wages grow steadily, defying Fed’s hopes as it fights inflation
- About half in US worry about their money’s safety in banks
- The age when you stop feeling young
- New cars, once part of the American Dream, now out of reach for many
- 31-year-old used her $1200 stimulus check to start a ‘cash stuffing’ business – it’s on track to bring in $1m this year
- The Juror
- The Town Podcast
- Meg 2
- The Covenant
- There Will Be Blood
- No Country for Old Men
- Tomorrow & Tomorrow & Tomorrow by Gabrielle Zevin
— Mike Bostock (@mbostock) May 2, 2023
For the first time in history, investment-grade corporate bonds yield less than 3-month T-bills pic.twitter.com/qqpbkSnzKv
— Julian Klymochko (@JulianKlymochko) May 8, 2023
$BUZZ – VanEck's Social Sentiment ETF which includes stocks with positive sentiment and bullish perception based on online sources now down 50% and lost 90% of assets from its peak shortly after launch in Mar 2021.
AUM down from USD 500mn to USD ~50mn.
The house always wins. pic.twitter.com/VKaUx5tBrg
— Emre Akcakmak (@akcakmak) May 1, 2023
Just a remarkable jobs report on virtually all the metrics that should matter, especially if you look through the details. Gonna try to thread all my thoughts in one place this time around.
— Skanda Amarnath (@IrvingSwisher) May 5, 2023
On May 4, the #GDPNow model nowcast of real GDP growth in Q2 2023 is 2.7%. https://t.co/T7FoDdgYos #ATLFedResearch Download our EconomyNow app or go to our website for the latest GDPNow nowcast. https://t.co/NOSwMl7Jms pic.twitter.com/IRgI2bHnnL
— Atlanta Fed (@AtlantaFed) May 4, 2023
— Lisa Abramowicz (@lisaabramowicz1) May 9, 2023
The @ISM Spring 2023 Semiannual Economic Forecast finds that, amid continuing uncertainties, purchasing and supply executives in the U.S. #manufacturing and services sectors still expect growth in production capacity, revenues and #employment. https://t.co/pybSrsEDSx #economy
— Dan Zeiger (@ZeigerDan) May 8, 2023
Looks like the Recession is starting in the South.
Southern states lost jobs for the 3rd straight month in April according to ADP.
Meanwhile: Pacific/Northeast had huge job gains (+)
Big implications for real estate in 2023 if these trends hold. pic.twitter.com/e7dPMUbIG4
— Nick Gerli (@nickgerli1) May 3, 2023
Truly amazing how many consumer packaged goods companies are able to still pass through significant price increases. $KHC Kraft is the latest. Here in the U.S., prices were +13.2% but volumes were down 6.5%. This trend is several quarters old now and its continuing. @SaraEisen pic.twitter.com/mFyirGUyuf
— Dan Greenhaus (@DanGreenhaus) May 4, 2023
11 companies that own everything: pic.twitter.com/vu2h9UGPvz
— Andrew Lokenauth (@FluentInFinance) April 29, 2023
Trying to find a house in 2023: A line out the door for an open house.
I think I’m just going to take my wife & baby and move back in with my mom.
Sadly I hear there’s already 5 similar offers. pic.twitter.com/n6yg9zjMdY
— Connor Hughes (@Connor_J_Hughes) May 7, 2023
67% of home homeowners in the United States have a paid off home or at least 50% equity in their homes.
For anyone who is convinced there will be a real estate crash in 2023 similar to 2008?
You're wrong. pic.twitter.com/zzkXGlyxS3
— theficouple (@theficouple) May 8, 2023
"A 5% beat and strong breadth of beats…" BofA pic.twitter.com/2meWGxQztn
— Sam Ro 📈 (@SamRo) May 8, 2023
The AI revolution is unmistakably underway, as evidenced by the significant increase in AI-related mentions during earnings calls and company transcripts since 2003. #AI #TechnologyTrends #BusinessInsights (*I even had AI write this tweet) pic.twitter.com/BwCBNpdqrl
— Michael McDonough (@M_McDonough) May 5, 2023
Apple's new savings account is a hit.
In the first four days following its debut, the new high-yield savings account reportedly saw ~$990 million in deposits.
— Morning Brew ☕️ (@MorningBrew) May 2, 2023
You told us what you don’t like about Airbnb. Here are the 50 things we’re doing about it… pic.twitter.com/lNwvH5KExp
— Brian Chesky (@bchesky) May 3, 2023
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