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Warm-Up
- A surprising payroll report
- The quick war - not over just yet
- Food inflation coming
- Economics - a bright spot and surprising report last week
- Space issues - Space sewage
- 8PM - End of Civilization?
Markets
- March sucked - that is the report
- 1st quarter results are in - we will discuss
- OIL - UP - WTI and Brent rising - its only transitory
- Market Manipulation - say it ain't so!
Oil
- Interesting note that WTI is trading higher than Brent - unusual
- WTI ~ $116 Brent ~ $109
- Brent for immediate delivery in Asia $140 as being bid up for purchase NOW
- WTI may have an edge because it is available and buyers also stocking up on that...
- Europe running out of Jet Fuel - USA sending over a supply - also unusual
BUT - 8PM ET - End of Civilization?
- Or last minute miracle - with mystery negotiations
- Pakistan requesting 2 week pause - with movement of ships through Strait
- YES, we have a 2-week pause - no kidding! Crude down 15%, market indices up 2%
---- Wait - Negotiations will start Friday... (Friday?)
In Process - In Theory - Framework
- OPEC+ agrees in principal theoretical framework to increase output
- OPEC+ eight members to raise quotas by 206,000 bpd for May
Apple Foldable Flop
- Apple shares sunk 2% after reports that the company’s foldable iPhones may face delays.
- Nikkei Asia reported that the company is facing engineering challenges in what would be the iPhone-maker’s first foldable device.
- Engineering problems they say....
Closing this Discussion
- Bored with this....But...
- OpenAI announced it closed its record-breaking funding round at a post-money valuation of $852 billion.
- The round totaled $122 billion of committed capital, up from the $110 billi
