Last Wednesday: negative PCR
Last Thursday: negative PCR
Friday: got boosted
Monday: go to work
Tuesday: find out I tested positive at work on Monday
😐
J.P. Morgan out with new GDP estimates. (Kids, cover your eyes.)
Q1: -4%
Q2: -14%
Q3: +8%
Q4: +4%
Full year: -1.5% overall.
Unemployment rate goes to 6.25% midyear, 5.25% in Dec.
We had a girl and it’s crazy to think they outnumber the boys now!! Everyone’s doing great. I’ve only screamed at people from the bedroom a small handful of times thus far 🥴🙏🏻
#5under6
"They're spending 25% more today than they were pre-Covid...they've paid down a lot of their debt...the consumer has never been in better shape than they are today."
-JP Morgan CEO Jamie Dimon
@CNBC
No, the revisions are based on jobless claims, which are not available to many immigrants. The payroll figures DO correctly capture these people in the labor force, as Goldman has repeatedly explained. In other words, the “downward” revisions are misleading and ACTUAL job growth
On Wednesday, the Bureau of Labor Statistics will downward revise jobs for the April 2023-March 2024 period by up to 1 million. This means that all "beats" recorded in the past year will have been misses and the US job market is in far worse shape than the admin would admit.
👀
"This payment network is no Paypal; it solves one of Twitter’s largest problems and addresses one of the most outdated problems for the World Wide Web as a whole."
Life at home these days, summarized in a text message:
“I just made 4 pounds of salmon (two ways, one for you), 2 pounds of green beans, & hard boiled eggs so hopefully that should last us through dinner.”
See you back on air next Tuesday 🥴
if oil is going to $100 tell me why every pension fund shouldn't be LONG the energy sector and recycling their constituents' OWN DOLLARS back into their own future pension payments.
instead they're divesting.
$13.5 billion
Let’s remember that *three months ago* they hiked guidance from $8B to $11B
Their revenue *last quarter* was just $7.2 billion.
So this company almost doubled in size…in 90 days’ time.
That’s the AI boom. And with Chinese demand handicapped!!
$NVDA
I want to again thank everyone at CNBC for being so supportive. Thanks to everyone for your tweets too. Always happy to answer any Q’s. I love talking about this stuff and it’s been a wild ride - 4 kids in 5 years 🤪🤪
the very sharp investors i know are furious about this:
“if you knew this mid feb - what was chair powell’s thought process in keeping 50pts on the table coming into march? why was no plan in place?”
On Feb. 14, the Fed's board was briefed by a DC based staffer and a Kansas City Fed staffer about banks' unrealized losses from a higher interest rate environment.
The 11-page slide deck called out *one* bank as the poster child, you might say, for interest-rate risk exposure.
LISTEN NOW: CPI came in hotter than expected, pushing stocks lower as a result. Could the first Fed rate cut come later than the market expected? Listen and follow the
@CNBCTheExchange
podcast here:
Bad Treasury auctions bringing back rate jitters
Stocks hitting session lows after the 30yr yield jumped to over 4.8% at auction
"Dealers were left with 18% of the auction, the most since December 2021" -
@pboockvar
@CNBC
I'm going to do it. I'm going to hate on the Pop-Tart bowl. America will not survive unless we stop eating all these crappy processed foods*. Come at me!
*son ate a nutella sandwich for breakfast
MERRY CHRISTMAS!!!!!
Everyone here feeling great 🙏🏻
How great? Set-up-a-thousand-piece-motorized-train-set-with-my-husband great.
(It felt like a thousand anyway)
God bless.
Some have asked why we are so private but it’s not exactly a secret being pregnant on air 😅 and I know viewers are tuning in for more than personal talk. It’s a tricky balance 🤷🏻♀️
My hoped-for last-minute surprise flight didn’t exactly pan out, but I am nevertheless SO proud of my dad for getting this recognition for his decades of sacrifice and work. AND he worked 3 hours away and still coached our lax team to almost a VA HS championship 👊🏼
❤️❤️❤️
"Abada says his mini miner generates 0.0002478 bitcoin per month, minus a 5% mining pool fee. At today’s prices, that’s worth $9.35. [In LA] if he runs his rig 24 hours a day, he pays $15.84 in electricity.
So Abada actually ends the month roughly $5.88 in the red."
excellent -->
FCC SAYS PROVIDERS HAVE AGREED TO WAIVE ANY LATE FEES THAT ANY RESIDENTIAL OR SMALL BIZ CUSTOMERS INCUR BECAUSE OF THEIR ECONOMIC CIRCUMSTANCES RELATED TO CORONAVIRUS
SAYS MAJOR INTERNET PROVIDERS HAVE AGREED FOR NEXT 60 DAYS NOT TO CANCEL SERVICE FOR SAME CAUSE
Black Friday 2007: $10.3 billion
Cyber Monday 2007: $733 million
Black Friday 2023: $9.8 billion
Cyber Monday 2023: $12.4 billion
black friday is o-vahhhhh! ;)
the very sharp investors i know are furious about this:
“if you knew this mid feb - what was chair powell’s thought process in keeping 50pts on the table coming into march? why was no plan in place?”
Oil's at $93
10year's kissing 4.59%
spx below 200day (dow/russell already closed there)
dollar's at a 10 month high
yen almost back above 150
euro stocks at a 6 month low
bit o' panic out there today it seems
At my parents’. Just ordered pickup from the local Italian place. Penne a la vodka w/chicken, and a side salad.
I go to pick it up.
They ring me up.
TWENTY. SEVEN. DOLLARS.
😱😱😱
“Saturday’s arrests targeted well-known political figures for protests that happened months ago, & the underlying message is that anyone who has marched against the government is vulnerable to arrest and prosecution at any time.”
"It's almost like he wants his legacy to be: 'I want everybody to move out of New York'.
He's doing nothing to communicate with business owners."
-Tilman Fertitta
@CNBC
@PowerLunch
on Mayor de Blasio
"We essentially didn't have any testing in this country for 45 days...there's a lot of testing now but that critical period was missed." -Dr. Topol of Scripps
@CNBC
Whereas South Korea had the testing available immediately & was spared a worse outcome...
Minute 0 of waiting for the doctor: *running through all the questions in my head*
Minute 48, when they finally come in, trying to be all “so, any questions?”: NOEVERYTHINGSGREATTHANKSGETMEOUTOFHERRRRRE
Can someone. Please stop Apple. From overly punctuating. Everything I dictate. I sound like. A. Very. Serious. Person. And I don’t. Have time. To go back. And take out. All of the periods.
"People should be allowed to think of their bank deposits as theirs...when you make more than a $250k deposit to a bank you're making an unsecured loan to a leveraged counterparty that might fail."
Custodia's Caitlin Long explains what's next for banking & digital assets
Think it's bad here?
"German PPI came out this morning at a 25.9% YoY level. [T]his is the highest since the aftermath of WWII and on par with the highest peacetime levels on record. This time last year it was still just under 2%!"
-Deutsche Bank
I feel like I don’t have a go-to Sunday reading routine to prep for coming week in markets/biz/macro. Have tried almost everything. Is it just me? Any suggestions? (Should I…write one? 😵💫)
Remember when certain haters in the press said $Uber would never be profitable?
What are the haters getting wrong today, because of their blind hatred of entrepreneurs, capitalism, and wealth?
Uber: $1b+ free cash flow & massively profitable this past quarter 📈😂
Such a theme lately...
“Our concentration in San Francisco is not serving us any longer and we will strive to be a far more distributed workforce which we will use to improve our execution." -Jack Dorsey on
@Twitter
Child
#1
is eating more than applesauce
Child
#2
is napping more than 40 minutes at a time - and walking!
Child in belly is thrilled at Pfizer vaccine news
Time to cue up my all-time fave song 🤣🤣
Travis Tritt, "It's a Great Day to be Alive"