PODCAST · business
Nobody Special Finance
by Nobody Special Finance
Business and finance news and analysis every day.
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311
The Trump Xi Summit Could Have Been an Email
The much anticipated summit between US President Donald Trump and Chinese President Xi Jinping is off to a snoozing start.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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310
PPI SHOCK! April Producer Inflation Blows Past Expectations
PPI came in WAY higher than expected as producer prices were hit hard by the energy shock from the Iran war in April. Meanwhile India just doubled their tariffs on gold in an effort to defend their flailing currency which is also being clobbered by higher energy prices. Subsribe to Danny Dehek's channel on YouTubeSupport the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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309
CPI Shows Inflation Higher Than Expected Driven By Energy
Inflation came in slightly higher than expected primarily due to energy costs but with Core CPI also rising more than expected.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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308
Indian PM Modi Says Don't Buy Gold, Work From Home, and Carpool
India's Prime Minister, Narendra Modi, has told citizens to stop buying gold, work from home, and carpool to save fuel in an effort to preserve the countries dwindling forex reserves as higher oil prices are begin to cause dollar shortages in countries dependent on fuel imports.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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307
Iran Seizes Own Ship as Not-War Escalates, Coreweave Lost Money Again
Iran seized a Chinese tanker carrying Iranian oil today (because reasons?) after yesterday saw the most intense naval combat in the Strait of Hormuz since the not-war began. Meanwhile Coreweave posted it's quarterly losings report, and it was worse than expected...as expected.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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306
DOJ Probes Suspicious Oil Trades, Japan's Second Yentervention
The DOJ has announced they are investigation billions of dollars worth of oil trades that coincided with significant geopolitics announcements regarding the war in Iran and the Strait of Hormuz. Meanwhile Japan has intervened to strengthen the Yen for the second time in 3 days.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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305
Oil Dips, Stocks Rip as War Ends for Fifth Time in 19 Days
The market is risk on this morning on news that the war in Iran is ending, probably, for the fifth time in 3 weeks according to another anonymously sourced article from the same journalist who write the same thing the last four time.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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304
HSBC Takes Big Hit From MFS Fraud, The Ceasefire Has No Clothes
The rampant mortgage fraud at Market Financial Solutions has taken a $400M chunk out of HSBC this morning in the latest "isolated event." Elsewhere the world just kinda pretending that the ceasefire in Iran is still a thing, even as missiles crisscross the sky above.Link to my video about Market Financial Solutions.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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303
Oil Spikes Then Dips on Conflicting Reports, Spirit Airlines is Dead
Oil spiked at 6 AM eastern time this morning when the Iranian government claimed they hit a US warships with missiles in the Strait of Hormuz only to see oil give up half those gains minutes later when the US denied the story. Nice ceasefire you got there. Elsewhere, Spirit Airlines has officially shut down operations, stranding passengers and crew, after negotiations with the government for a bailout failed.Link to my video about the failure of Community Bank and Trust.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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302
Community Bank and Trust Has Failed: Here is What Caused It
The failure of Community Bank and Trust of Georgia was a dumpster fire just waiting to happen. When you put reckless underwriting standards, PPP fraud, frivolous tax returns, and AI bros in a blender: this bank collapse is the resultant slop that emerges.Link to my video about CrossRiver Bank.Link to my documentary about The First National Bank of Lindsay Oklahoma.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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301
Oil Drops on Latest Iranian Proposal, Apple Rises on Earnings Beat
Oil is slightly lower this morning after Iranian negotiators submitted a new proposal to mediators in Pakistan, although no further details were provided. Elsewhere Apple stock is up on better than expected earnings on strong iPhone sales and prospects for higher prices due to the ongoing memory shortage.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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300
Google Rips, Meta Dumps, Japanese Yen Spikes on Intervention Warning
Markets are having mixed reactions to big tech earnings ahead of the open today with Google and Meta making big moves in opposite directions driven mainly by their big bets on AI. Meanwhile keep one eye on the Yen Carry Trade as Japanese interest rates are soaring and the Yen is strengthening following hawking statements and intervention warnings from policy makers.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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299
Oil Rises as Trump Signals Extended Blockade with Fed and Big Tech on Deck
Oil is higher again this morning after President Trump has signaled that the blockade of Iran will likely last longer than many had hoped. Meanwhile the market is bracing for a big day that will include the FOMC press conference at the Federal Reserve and big teach earnings from Microsoft, Meta, Amazon, and Google.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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298
OpenAI Rethinks Datacenters After Missing Targets, UAE Leaves OPEC
Anything connected to OpenAI is down this morning after the WSJ reported yesterday that OpenAI executives and board members are rethinking their approach to datacenter buildouts after a series of missed revenue and user targets. Meanwhile the UAE has just announced that the country will be leaving OPEC and OPEC+ effective May 1st.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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297
More Budget Airlines Asking For Bailouts As Jet Fuel Crisis Looms
This is why you don't feed strays. The Next thing you know, they're lined up outside your door. Airlines are no different apparently.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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296
Intel Rips on Earnings as AI Hardware Market Shifts to CPUs
Intel stock is having it's best day in decades after the company beat on earnings and raised guidance due to a sudden surge in demand for CPUs by AI companies. This come on the same day as an Amazon deal with Meta for billions of dollars worth of Amazons Graviton CPUs.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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295
Tesla Would Rather Talk About Robots Than Car Sales
Tesla is trying anything and everything they can to convince people that they are still a growth company despite several years of declines in it's core electric vehicle business. Elsewhere Texas Instruments earnings beat expectations on a combination of datacenter sales and surprising growth in industrial and manufacturing.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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294
Two More Ships Fired Upon After Iran Ceasefire Extended
Yesterday President Trump announced that he was extending the ceasefire with Iran at the request of Pakistan. But the US blockade of Iranian ships remains in place and the IRGC has fired upon and seized two more ships attempting to traverse The Strait of Hormuz. Elsewhere crypto billionaire Justin Sun is currently involved in two separate crisis in the crypto space at Aave and World Liberty Financial.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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293
Market Remains Optimistic As Iran Ceasefire Deadline Looms
Stocks are slightly higher this morning despite uncertainty about prospects for further peace talks between the US and Iran with the current ceasefire scheduled to end tomorrow. Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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292
Both Sides Attack Ships in Strait, Defi Hack Triggers Bank Run at Aave
Oil prices are up slightly this morning as Schrodinger's Strait of Hormuz remains both open and closed simultaneously. Both the US and Iran fired on ships traversing the strait over the weekend casting further doubt on the spate of positive sounding headlines last week about the restoration of oil flow. Elsewhere, a hack that stole roughly $300 million has trigger a multi-billion dollar bank run in DeFi, particularly at Aave which saw half of it's TVL disappear.Link to my video about Hyperscale NexusSupport the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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291
Bad Guidance From Netflix Not Enough to Derail Market Melt Up
Lackluster guidance from Netflix and news that founder Reed Hastings was stepping down were not enough to derail the relentless melt-up in stocks this morning with the indexes rising for the 12th consecutive day on optimism about peace talks in the middle east.Link to my video about the collapse of First National Bank of Lindsay.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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290
Jet Fuel Crisis Looms, Risk-On Market Gobbles Up AllBirds AI Pivot
There is a global jet fuel crisis brewing as shown by four different stories about four different airlines in four different countries this morning taking big losses, asking for bailouts, or at risk of shutting down operations over higher fuel prices since the start of the war in Iran. Meanwhile the rest of the market has taken risk-on to a whole new level with yesterday's 500%+ rip in shares of AllBirds after the shoe company announced they are getting into the GPU rental business (I kid you not).Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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289
Effects of Oil Shortage Ripple Throughout Asian Economies
Oil shortages are having secondary affects on many Asian economies as factories curtail production, refineries slow, and blackouts begin to roll across the region dependent on middle east oil supplies that have been disrupted by the war in Iran.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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288
Oil Lower as Iranian Tankers Test US Blockade, Bank Earnings Mixed
Several oil tankers linked to Iran's shadow fleet have tested he US blockade of the Strait of Hormuz this morning with predictable results. Meanwhile the knock-on effects of the disruption to the global oil market is being felt in some peculiar places. Also this morning big bank earnings continue to come in with little impact on shares of the banks that have reported so far.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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287
Oil Rises, Stocks Fall as Iran Peace Talks Break Down
The first round of peace talks held in Pakistan over the weekend between the US and Iran went nowhere causing the price of oil to rise back above $100 per barrel and causing stocks to sell off.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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286
Inflation Jumps to 3.3% on Higher Energy Prices
The Consumer Price Index (CPI) for March came in at 3.3%, up sharply from 2.4% in February but in line with what the market was expecting. Gasoline was the biggest driver of the increase as the war in Iran and the closure of the Strait of Hormuz sent global energy prices surging last month.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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285
Ceasefire Holding-Ish For Now, Q4 GDP Revised Lower Again
After a very shaky start yesterday, the ceasefire between the US and Iran appears to be holding with a significant slowdown in missile and drone attacks overnight even though the Strait of Hormuz remains closed to shipping. Elsewhere US fourth quarter GDP was revised lower again to just 0.5% and PCE inflation for February was flat in line with expectations.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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284
Markets Rip on Two Week Iran Ceasefire
Markets on ripping this morning following yesterday's announcement of a two week ceasefire between the US and Iran. Stocks, bonds, bitcoin, and precious metals are rallying as oil and the dollar are being sold off on the news. Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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283
Barings Limits PC Redemptions, Health Insurers Spike on Medicare Rates
Barings is the latest private credit fund to limit redemptions at 5% this morning after investors requested redemptions in excess of 11% of the fund's value. Meanwhile health insurer shares are surging this morning after the rate increases foe Medicare Advantage plans was higher than many had feared.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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282
Panic At Blue Owl as Investor Demands For Money Back Skyrocket
The meltdown in private credit has reached unprecedented levels as a recent headline about Blue Owl Capital gating redemptions at two more private credit funds shows the number of people demanding their money back is increasing at an alarming rate that can only be described as "panic."Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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281
Unreported Fraud, Fired Investigators, and Crypto Mortgages at Fannie Mae
Melody Wright joins me to talk about a series or recent headlines involving Fannie Mae that paint a troubling picture of widespread fraud going unreported or even covered up at the Government Sponsored Enterprise that was the epicenter of the Global Financial Crisis. Check out Melody's recent substack article: The Big Buy Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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280
Morgan Stanley is the 5th Troubled Private Credit Fund, SPR Release
Morgan Stanley is the latest Private Credit Fund to limit redemptions after a surge of clients asked for their money back. They join the ranks of Blue Owl, Black Rock, Black Stone, and Cliffwater who have all done the same in just the last 3 weeks. Meanwhile the US has announced they will be dumping 172 million barrels of crude oil from the Strategic Petroleum Reserve on the open market to relieve oil price pressure following the outbreak of war in the Middle East.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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279
Redemptions Surge at Private Credit Firm Cliffwater, CPI In Line
Private Credit firm Cliffwater is the latest to report a spike in redemption requests as the industry continues to be plagued by worries about liquidity, loan quality, and flighty retail investors running for cover. Meanwhile JP Morgan is writing down the value of some of it's private credit loans and limited further lending to the industry. Elsewhere the Consumer Price Index (CPI) came in as expected and largely unchanged vs last month.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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278
Oil Remains Volatile as Knock-On Effects Ripple Across Asia
Despite yesterday wild price action in oil market, which eventually saw crude close lower on the day, the knock-on effects of fuel shortages are starting to hit various industries across the world. Garment factories in Bangladesh, chemical plants in India, and biofuels in Indonesia are all being affected by the disruption.Link to George Noble's Best Ideas Stock SummitSupport the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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277
Oil's Wild Night: Spikes to $120 then drops to $100 on SPR Talks
The price of oil went crazy while we were sleeping. Initially oil spiked to nearly $120 per barrel as several middle east countries began cutting production due to storage tanks becoming full with nowhere to send the oil thanks to the Strait of Hormuz being closed. A few hours later, the price dropped abruptly to $100 per barrel after the story broke that the G7 countries are considering a coordinated release from their oil reserves to cushion the blow.Link to George Noble's Best Ideas Stock SummitSupport the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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276
US Economy Lost 92,000 Jobs in February, But It Gets Worse.
The Nonfarm Payrolls report for the month of February was just plain awful. Not only did the economy shed jobs, but downward revisions to prior months and a bump upward in the unemployment rate are rubbing salt in the wound. Elsewhere the price of oil continues to rise this morning due to the ongoing conflict in the middle east adding to worries about inflation.Link to George Noble's Best Ideas Stock SummitSupport the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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275
Energy Shortages Hit Asia as Fuel Hoarding Begins
World energy markets are still adjusting to the "closure" of the Strait of Hormuz as Asian countries have begun cancelling exports, hoarding fuel supplies, and tapping strategic reserves. Elsewhere Nvidia has stated that they will likely make no further investments in AI giants OpenAI and Anthropic following their most recent funding rounds which included smaller amounts than initially touted.Link to George Noble's Best Ideas Stock SummitSupport the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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274
Most Markets Appear Calm Except For South Korean Market Crash
The dip buyers were largely able to restore calm yesterday after a brutal selloff at the open. This morning things appear to be much less noisy with the exception of South Korea who has now seen the most violent selloff in stocks since the 2008 GFC. Elsewhere commodity markets are adjusting to the disruptions caused the Iran War with force majeure being declared in many places and capacity curtailment underway in some countries.Link to George Noble's Best Ideas Stock SummitSupport the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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273
Precious Metals Dive Despite Immense Geopolitical Risk. What Happened?
Most traders are scratching their heads after watching precious metals selloff amid the outbreak of war in the middle east. Idaho Armored Vaults CEO Bob Coleman joins me to try to make heads or tails of the recent price movement in gold and silver.Check out the Idaho Armored Vaults WebsiteFollow Bob Coleman on Twitter(x)Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTubeFollow Nobody Special on X(twitter)
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272
Metals Crushed, Bonds and Stocks Selloff, Oil Spikes
Yesterday's market action that shrugged off the middle east conflict was nice while it lasted. Today is a whole different story. Stocks worldwide are selling off, bond yields are rising, precious metals are getting clobbered and oil/gas prices are spiking as reality sets in. Don't forget to keep one eye on private credit as the surge in redemptions has just hit Blackstone's signature BCRED fund.Link to George Noble's Best Ideas Stock SummitSupport the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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271
Gold and Oil Spike, Stocks Sell Off as Iran War Begins
World financial markets are volatile this morning as they begin to digest the outbreak of war with Iran. Oil, natural gas, and gold are sharply higher this morning and stocks are sharply lower as the fog of war makes it difficult to know what's happening and predict what comes next.Link to George Noble's Best Ideas Stock SummitSupport the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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270
Private Credit Fraud: Market Financial Solutions Goes Bankrupt
Market Financial Solutions is the latest private lender to go under due to suspected collateral fraud tied to a mortgage scam run by a corrupt government minister in Bangladesh leaving US private credit firms holding another bag of cockroaches. Unicus Research founder and CEO Laks Ganapathi joins me to discuss the details and the implications for retails investors.Follow Unicus Research of Twitter(x)Check out the Unicus Research websiteSubscribe to Unicus Research on SubstackSupport the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTubeFollow Nobody Special on X(twitter)
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269
PPI Much Higher Than Expected, Coreweave Earnings Were Hot Garbage
The Producer Price Index (PPI) came in sharply higher than expected, increasing over last month when the market expected a decrease. This has sent stocks lower and metals higher as inflation and central bank expectations adjust. Elsewhere, neocloud Coreweave stock is selling off after reporting a dreadful quarter.Link to George Noble's Best Ideas Stock SummitSupport the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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268
Market Yawns As Nvidia Posts Monster Quarter, Another COMEX 'Glitch'
Nvidia posted earnings that blew away expectations...as expected. The market didn't care...as expected. This is now 3 consecutive quarters where the market darling has been unable to break out of it's price range regardless of results. Elsewhere the CME group suffered another conveniently timed "technical glitch" yesterday just as the price of silver was threatening to break an important technical level. It never happens on a red day.Link to George Noble's Best Ideas Stock SummitSupport the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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267
Silver Back Above $90, Market Braces For Nvidia Earnings
The price of silver is back above $90, approaching a key technical level following the brutal selloff earlier this month. Elsewhere the market is bracing for Nvidia's earnings later today as the ongoing worries about private credit continue to weight on investors.Link to George Noble's Best Ideas Stock SummitSupport the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTubeFollow Nobody Special on X(twitter)
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266
Meta to Buy $60B of AMD Chips, Dimon Says Banks "Doing Dumb Things"
Meta has agreed to buy tens of billion of AMD chips along with stock warrants for up to 160 million shares of AMD stock in the latest AI hardware megadeal. Elsewhere, JP Morgan CEO Jamie Dimon is warning about banks doing dumb things chasing net interest income. In other words they are lowering standards and making risky loans to chase fees and short terms gains.Link to George Noble's Best Ideas Stock SummitSupport the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTubeFollow Nobody Special on X(twitter)
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265
Supreme Court Ruling Upends Trade Deals, Private Credit Worries Persist
Uncertainty is back in a big way this morning after Friday's Supreme Court ruling that struck down President Trump's reciprocal tariffs. Now the question is what to do about all of the previously announced trade deals based on them as Europe and India in particular pull back and assess their options. Elsewhere problem in Private Credit markets persist this morning as CLO funds are down significantly this month after Blue Owl investors were permanently gated from redemptions in their ODBCII fund.Link to George Noble's Best Ideas Stock SummitSupport the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTubeFollow Nobody Special on X(twitter)
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264
GDP Growth Slowed in Q4 as PCE Inflation Continued to Rise
US GDP growth in the fourth quarter slowed substantially vs Q3 as the government shutdown took it's toll on the numbers. Meanwhile PCE inflation rose slightly, as it has done every month since April of last year.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTubeFollow Nobody Special on X(twitter)
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263
Carvana Tanks on Earnings, Blue Owl Permanently Halts Withdrawals
Used auto retailer Carvana posted significant year over year revenue gains and earnings that exceeded expectations yet the stock got pummeled after hours as the market began to scrutinize the company's questionable math. Elsewhere, Private Credit manager Blue Owl has permanently halted withdrawals in it's BDC fund which was marketed to retail investors.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTubeFollow Nobody Special on X(twitter)
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262
Lagarde Rumored to Leave ECB Post Early
ECB chief Christine Lagarde is rumored to be leaving her post ahead of schedule as European leaderships appears worried about shifting political winds. Elsewhere we have some details of the Japanese trade deal and Sam Altman appears to be coming home empty handed from the UAE.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTubeFollow Nobody Special on X(twitter)
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