DHUnplugged Podcast

Horowitz and Dvorak
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  • UPDATED BIWEEKLY
DHUnplugged Podcast Podcast

This is the unscripted discussions of John C. Dvorak and Andrew Horowitz. Open mic style conversations about the economy, finance and the wacky world of business. Tips and rants are all part of each episode.

  1. SEP 18

    DHUnplugged #719: DogCat Bounce?

    Best week in a long time - markets popping! Cats and Dogs - all anyone can talk about these days - DogCat Bounce anyone? More back to work directives .... Apple disappointing again. PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter DONATIONS ? Warm Up - Best week in a long time - markets popping! - Cats and Dogs - all anyone can talk about these days - DogCat Bounce anyone? - More back to work directives .... - Apple disappointing again - All of a sudden - Now the Biden-Harris administration Market Update - BIG week of central bank rate decisions - Rotation - still a big item keeping markets in check - Rates LOW - bond traders overconfident? - Oil comes back after miserable 2 weeks - TrumpCoin? Central Banks - The Federal Reserve’s highly anticipated two-day meeting, which gets underway Tuesday, is poised to take center stage. - Elsewhere, Brazil’s central bank is scheduled to hold its next policy meeting on Wednesday. - The Bank of England, Norway’s Norges Bank and South Africa’s Reserve Bank will all follow on Thursday. - Bank of Japan will provide its rate decision Friday --- Markets getting a bit more volatile ahead of this Fed rate decision BACK TO WORK! - Amazon is instructing corporate staffers to spend five days a week in the office, CEO Andy Jassy wrote in a memo on Monday. - The decision marks a significant shift from Amazon’s earlier return-to-work stance, which required corporate workers to be in the office at least three days a week. Now, the company is giving employees until Jan. 2 to start adhering to the new policy. One Day Later - Oracle provide some really nice earnings and guidance that the market loved... (Discussed last week) - A day later: --- Oracle now sees at least $66 billion in fiscal 2026 revenue, around $1.5 billion more than analysts had expected. ---- Capital spending also will increase. ------The company plans for over $104 billion in revenue in the 2029 fiscal year. - Odd that  this was the next day - Stock up 55% - 2nd best of tech companies just behind Nvdia - Larry is now 2d richest person in the world behind Elon Musk Economics - August Retail Sales 0.1% vs -0.2% Briefing.com Consensus; prior revised to 1.1% from 1.0% - August Retail Sales ex-auto 0.1% vs 0.2% Briefing.com Consensus; prior unrevised at 0.4% - August Industrial Production 0.8% vs 0.1% Briefing.com Consensus; prior revised to -0.9% from -0.6% - August Capacity Utilization 78.0% vs 77.9% Briefing.com Consensus; prior revised to 77.4% from 77.8% --- Generally economy is speeding up again and looks like signs that manufacturing may be picking up More Issues - This is a bad apple - The Office of the Comptroller of the Currency (OCC), a top banking regulator in the United States, said on Thursday it has issued an enforcement action against Wells Fargo due to deficiencies in its risk management practices. - There will be no penalties - but company is still in the penalty box due to past issues China Apple - Online retailers in China have slashed the prices of Apple’s new iPhone 16 series ahead of its official release, as consumers in the world’s largest smartphone market hold out for the release of the US company’s first on-device artificial intelligence (AI) software. - They are blaming this on the delay of any significant AI features Intel Gets $$$ - The Biden-Harris Administration announced today that Intel Corporation has been awarded up to $3 bln in direct funding under the CHIPS and Science Act for the Secure Enclave program. The program is designed to expand the trusted manufacturing of leading-edge semiconductors for the U.S. government.

    58 min

  2. SEP 11

    DHUnplugged #718: D’Bait

    August ends on the high side - (like July) and then gets knocked down hard (like August) and then Rips higher on Monday (like August) Rate cut bets are in place Market very skittish - September not the best month on average VIX hits 25 last week PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter DONATIONS ? Warm Up - Another Rough Start to the month - Apple Event - market was - Last episode - ETF and Funds Education - lots of great comments on that! - DEBATE TIME - right in the middle of our show! Someone needs to look at our schedule Market Update - August ends on the high side - (like July) and then gets knocked down hard (like August) and then Rips higher on Monday (like August) - Rate cut bets are in place - Market very skittish - September not the best month on average - VIX hits 25 last week - Yen Carry trade issue not fully resolved - YIELD CURVE UPDATE Big News - Yield curve normalizes for 2/10's - Yield curve is not normal - this is what happened  in 2001 and 2008 Apple Event - Apple introduces Apple Watch Series X with a new design. - Largest most advanced display ever with 30% more screen area. - The display is larger than the Apple Watch Ultra. - Display will be 40% brighter. - Watch will be 10% thinner than Apple Watch 9. - Background noise will be surprised on phone calls. - Smart Stack will add widgets whenever you need them. - Adding translate application. -Apple Watch can track menstrual cycles. - Apple Watch can alert users to sleep apnea. - Starts at $399. - A few incremental updates otherwise and talk of AI to come - one day someday More Apple - Europe's top court on Tuesday ruled against Apple in the tech giant's 10-year court battle over its tax affairs in Ireland. - The Commission in 2016 ordered Dublin to recover up to 13 billion euros ($14.4 billion) in back taxes from Apple, at the time saying that the tech company had received "illegal" tax benefits from Ireland over the course of two decades. - So is this final this time? - How is this possible anyway - Ireland granted tax benefits for the purpose of benefiting jobs etc.... Apple Competition - Huawei's tri-fold phone receives over 4 mln pre-orders ($2,800 per) - Have you seen this? - VERY COOL device Palantir -  Palantir Technologies hits best levels since early 2021 following inclusion in S&P 500 - +15% on the  news Dell - Dell also is added to the S&P 500 - Etsy and American Airlines out Tech - Oracle Earnings - Oracle beats on some metrics and has some great outlook - Missed on EPS - Partnering with Amazon - The company said Oracle Database is thriving, and the multi-cloud agreements it has with Microsoft, Google, and now AWS make it easier for its customers to run their Oracle Databases in the cloud. - Stock at ATH NVDA - WORST DAY EVER for a stock - Slide last week took at $300 BILLION on market value in one day. - New DOJ probe in anti-trust case - The agency is asking questions about whether Nvidia makes it harder to switch to other suppliers of AI chips. - Nvidia has over 80% of the market for data center AI chips, according to industry estimates. Best Buy - People are buying... - Raising full year guidance - Comparable sales declined 2.3% during the quarter, compared with a 6.2% decline a year earlier. --- It is all about  the expectations... Glasses - Again? - Qualcomm CEO Cristiano Amon told CNBC the chip designer is working with Samsung and Google to explore a mixed-reality set of glasses linked to a smartphone - Last year, Google, Samsung and Qualcomm struck a partnership to develop mixed-reality technology. - This is supposed to be a smaller version of what is out the...

    1h 1m

  3. SEP 4

    DHUnplugged #717: FinLit Time

    A show dedicated to the many questions of our listeners. We focus on ETFs and Mutual Funds, contrasting and comparing the differences. Financial Literacy is not just one month a year! PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Talking Financial Literacy We are going to discuss details of what an ETF is and the differences from those investment vehicles and mutual funds. ETFs are investment funds that trade on stock exchanges, holding a diversified portfolio. ETFs offer instant diversification by allowing investors to buy a small slice of a variety of assets. ETFs trade like stocks, with prices fluctuating throughout the trading day. Popular for their diversification, lower costs, trading flexibility, and tax efficiency. Types of ETFs include stock, bond, commodity, international, sector/thematic, and inverse/leveraged ETFs. Downsides include market risk, tracking errors, liquidity issues, and the complexity of specialized ETFs. Key differences with mutual funds include trading mechanisms, costs, management styles, and tax implications.   Love the Show? Then how about a Donation? Closest to The Pin for - United Healthcare (UNH) Winners will be getting great stuff like the new DHUnplugged Shirts (Designed by Jimbo) - PLUS a one-of-a-kind DHUnplugged CTP Winner's certificate..   FED AND CRYPTO LIMERICKS JCD Score () See this week’s stock picks HERE Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter

    57 min

  4. AUG 28

    DHUnplugged #716: Path Change

    Path Change - Once the air clears, how will markets react? Cracking down on excessive "junk" fees Cracking down on Unfree Speech? Jackson Hole - big update about "The Path" PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter DONATIONS ? Warm Up -Cracking down on excessive "junk" fees - Cracking down on Unfree Speech? - Jackson Hole - big update about "The Path" - Intel is nervous Market Update - Lower End Consumers Fueling Spend - Big news this week - NVDA earnings - Rotation ? Consumers are still spending (Discounters loving it!) - Taxing Unrealized Gains? Political rhetoric - Taxing Unrealized gains - questions coming in --- Realize this is for the ultra-rich and the potential to get this passed is not high - BUT - Harris campaign wants to see about higher taxes - which are needed, but not a good thing ----- How else are we going to pay back this mountain of debt? Jackson Hole - Time to Change the Path of Rates - Powell was clear and they are now pricing in a 100% probability of a 0.25% rate cut for September - 0.50% will probably scare some people - so 0.25% is plan - Odd ahead of election - but maybe Powell realizes he is behind the curve Target - Against the odds? - Target beat Wall Street’s earnings and revenue expectations on Wednesday. - Sales at the discounter grew as shoppers made more visits to Target’s stores and website and bought more discretionary items like clothing. - Yet, the retailer struck a cautious note, saying it expects comparable sales for the full year to be in the lower range of its guidance. - Target raised its profit guidance, however, saying it expects adjusted earnings per share to range from $9 to $9.70, up from the previous range of $8.60 and $9.60. - Investors loved it! Stock moved from $135 - $169 on the news (back to $158) ---- Walmart near ATH and Ross Stores stock at ATH SpaceX - Boeing - So embarrassing for Boeing... - Starliner is going to come back - Unmanned... - Butch Wilmore and Suni Williams, will return to Earth on a SpaceX vehicle early next year Telegram - Telegram messaging app CEO Durov arrested in France - Pavel Durov, the Russian-born billionaire founder and owner of the Telegram messaging app, was arrested at Le Bourget airport outside Paris shortly after landing on a private jet late on Saturday and placed in custody. - Free speech under fire? Or is this more than just a Twitter alternative. - Supposedly 900M Daily Active users??? Junk Fees - FTC trying to crack down on "junk fees" - Last year, 15% of restaurant owners added surcharges or fees to checks because of higher costs, according to the National Restaurant Association - Inflation fee, credit card fee, health-care fee, house fee - Restaurants are fighting back as they want the fees to add to bottom line and increase profitability and benefit staff. - Makes the entire idea of going out to eat an expensive proposition. What is this? - Microsoft said Friday it will hold a conference in September for cybersecurity firms to discuss ways the industry can evolve following a faulty CrowdStrike software update that caused millions of Windows computers to crash in July. - Microsoft will meet with CrowdStrike and other security companies at its campus in Redmond, Washington, on Sept. 10 to discuss how to prevent similar issues in the future --- Wasn't this already something that was not supposed to happen? - The executive said participants at the Windows Endpoint Security Ecosystem Summit will explore the possibility of having applications rely more on a part of Windows called user mode instead of the more privileged kernel mode. - Software from CrowdStrike Check Point,

    1h 3m

  5. AUG 21

    DHUnplugged #715: Eco Confab Week

    Jackson Hole ECO Confab (this week) Live Nation is in trouble Icahn get a slap on the wrist Gold - ripping - where to next? PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter DONATIONS ? Warm Up - Jackson Hole ECO Confab (this week) - Live Nation is in trouble - Icahn get a slap on the wrist - Gold - ripping - where to next? - Price Controls - 3rd Rail? Market Update - Nearing all-time highs again - Buy the Dips! - Yields under 4% on 10-Year - Yen still in control - Back to Overbought again - still thinking not out of the woods - Lowe's and Home Depot Outlook - POOR (But stocks are up) Jackson Hole - Aristocrats line up to speak - Big doings as often a platform for Fed and other central bankers to make policy adjustments - Powell scheduled to speak at 10am Friday --- With all of the latest data and market push - what will he do?? - Before that - Wednesday we will see the July FOMC minutes GOLDDDDDDDD - Gold hit all-time high last Friday ($2,509.65) !!!!NOW $2,563!!!!! - WHY? Discussion ranges from Fed Reserve, Election, Middle East, India Buying.... - Gold has been a better GOLD then Bitcoin - just saying... Monopoly - Finally! - Ten Additional States Join Justice Department’s Suit Against Live Nation-Ticketmaster for Monopolizing Markets Across the Live Concert Industry - Today, the Attorneys General of Indiana, Iowa, Kansas, Louisiana, Mississippi, Nebraska, New Mexico, South Dakota, Utah and Vermont joined a civil antitrust lawsuit filed by the Justice Department, 29 other states and the District of Columbia against Live Nation-Ticketmaster for monopolization and other unlawful conduct in violation of Sections 1 and 2 of the Sherman Act. - Stock does not seem to care - or believe anything adverse will happen AMD buys ZT Systems - $4.9 Billion - What is ZT Systems? The company engages in full rack deployment -- a block filled with servers, storage, switches, etc. -- for hyperscale data centers. ZT also commands a data center infrastructure manufacturing business, for which AMD announced it would seek out a strategic partner to offload this part of the company. - Clearly the company does not have a CHIP or infrastructure  ready for a major AI play at this time. Carl Ichan - Hand Slap - Carl Icahn and his publicly traded company Icahn Enterprises settled with the SEC over allegedly failing to disclose billions worth in stock-backed borrowing. - Icahn and IELP will pay a combined $2 million in fines, without admitting or denying wrongdoing, over the failure to disclose as much as $5 billion in margin loans that were backed by Icahn’s stake in the company. - Icahn, a well-known activist investor, had been facing pressure from another activist short seller in 2023. (Hindenburg which is still short the shares) Circle K 11? - Canada's Alimentation Couche-Tard (Circle K) has sounded out Japan's Seven & i (7-Eleven) about a potential takeover, the two companies said on Monday, making the 7-Eleven owner the largest-ever Japanese target of a foreign buyout. - While the value of the offer has not been disclosed, the bid is the latest example of the growing interest in Japanese companies by Western investors, who have been drawn by the country's push for better governance. - News of the deal sent shares of Seven & i surging by almost 23% in Tokyo Chicken and the Egg - Chicken prices are going up - Perdue Foods is recalling more than 167,000 pounds of frozen chicken nuggets and tenders after some customers reported finding metal wire embedded in the products. - According to Perdue and the U.S. Agriculture Department’s Food Safety and Inspection Service, the recall covers select lots of three product...

    57 min

  6. AUG 14

    DHUnplugged #714: Crisis Averted

    Cut taxes on SS and Tips? President decides rates? China - inflation ticking up YEN volatility - NOT OVER PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter DONATIONS ? Warm Up - Cut taxes on SS and Tips? - President decides rates? - China - inflation ticking up - YEN volatility - NOT OVER - Announcing the WINNER for the UNH CTP Market Update - CRISIS AVERTED - August doldrums - but big week of Eco Data - Market Punishing earnings misses - more than usual - Same old  = going back to the Mega-Cap trade while pulling other sectors down - PPI out - changing direction Crisis Averted - Monday (last) Yen plunge then pick up - Come on - Japan markets fell 12% then rallied 10%  - intervention anyone? --- Clearly there is an invisible hand at work here ---- Plus Japan officials waled back their "hawkish" comments ---- 17 years of ZERO or NEGATIVE rates, markets don't want to give that up --- Do you know why this is all happy pappy now? How did they resolve the 2 day crisis? (Hint - $$$$) - Japanese markets have recovered ALL of the losses since last Monday - ALL Volume/Vacations - August - Volumes are down across the board. Aside from a couple of days when markets moved lower - Will probably continue to see slow markets (unless some outside shock) through Labor Day - However  - big week of ECO data - - CPI, PPI, UMich, Import/Export prices, Retail Sales (no one has a clue what the trajectory is from here) Month to Date MTD IWN iShs Russell 2000 Value ETF -7.87% IWM iShs Russell 2000 ETF -7.10% IWO iShs Russell 2000 Grwth ETF -6.15% IWD iShs Russell 1000 Val ETF -2.45% IWB iShs Russell 1000 ETF -1.68% IWF iShs Russell 1000 Gwth ETF -1.00% Really? - Former President Donald Trump this week repeated his plan to eliminate taxes on Social Security benefits for seniors. - The Republican nominee called for "no tax for seniors on Social Security" during a "Fox & Friends" interview Wednesday - Of course Harris/Walz also want to cut taxes on SS now... ***** Some "experts" say that this will hurt the solvency of SS and Medicare even more - now expected to run out in 2035 --- Oh - let's eliminate taxes on TIPS ---- The Waiters & waitresses workforce and tipped in service industry are about 4 Million people (1% of population Where do we stand on this.. - Presidents having a direct say - or vote - on Fed decisions? Switcher-rooo - Chipotle Mexican Grill announces that Brian Niccol, Chairman and CEO has accepted the role as Chairman and Chief Executive Officer of Starbucks (SBUX) and will be leaving the Company effective August 31, 2024 - -On the news, SBUX up 17% and CMG down 10% China - China's consumer prices rose by a more-than-expected 0.5% in July from a year ago, according to data from the National Bureau of Statistics released Friday. - Analysts polled by Reuters had expected a slight pickup in the consumer price index to 0.3% in July from a year ago, versus 0.2% in June. - Is this good news or bad? PPI - July Core PPI 0.0% vs. 0.2% Briefing.com consensus; prior revised to 0.3% from 0.4% -- Disinflation is speeding up - nearing DEFLATION concerns - Tomorrow - CPI Another one... - Home Depot on Tuesday topped quarterly expectations, but cautioned that sales will be weaker than expected in the back half of the year as high interest rates and consumer uncertainty dampen demand. - The home improvement retailer said it now expects full-year comparable sales to decline by 3% to 4% compared to the prior fiscal year. It had previously expected comparable sales, a metric that takes out the impact of store openings and closures and other one-time factors,

    1h 0m

  7. AUG 7

    DHUnplugged #713: Bring out The PPP!

    Japan stocks PLUNGE! Tech stocks in correction - nearing bear market. What does the crystal ball tell us? Where is the PPP? PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter DONATIONS ? Warm Up - OMG - Did you see that? - Fear - blood in the streets - Looking for someone to blame for the selloff - Boeing news....Finally Market Update - RISK off - all risk assets (aside from bonds) down in August - Bitcoin - CRUSHED - as with other cryptos - so much for safe-haven - 13:1 Day Decliners to Advancers (that is pretty significant. - Records broken - Worst day in 50 years for one stock Where is the PPP? - Now we are hearing about an emergency cut - looking for a 0.75% cut (Jeremy Seigel) - Investors looking for a save - Plunge Protection Team!!!!!!!!!!!!!! - Seems like Tuesday in Japan - PPP to the rescue - +10% Bitcoin and ETH - Seriously - takes it on the chin down 15% with global market sell-off - What happened to it being a safe-haven - all but discounted at this point.... Japan's first increase in decades - Actually, last increase was 2017 - so 17 YEARS OF LOW RATES - The Widowmaker trade is finally working - but for how long? - Japan's major stock market - YEN Up 11% since 7/11/2024 and  the Nikkei is down  23% (28% at low on Monday) since 7/11/2024 - Carry-Trade (borrow Yen at low rate and reinvest) BLOWING UP - WORST day for Japan's markets since Black Monday in 1987 --- The loss of 4,451.28 points on the index was also the largest in terms of points in its entire history. -=-=-=-= This is not the first time Japan's central bank has caused this type of situation. Their entire investing and monetary process is very dangerous. -=-=-=-=- - Japan's Nikkei had the best day since 2008 on Tuesday Repercussions - Stocks around the world got hammered - worrying about YEN unwind as well as the earnings and outlook from Tech - Kospi -8% down Monday - World stocks off by 3%+ - UGLY moves and lots of trading opportunities - $1 Trillion in market cap erased from Mega-Caps Monday (Mag7) AND - A sharp drop in U.S. stocks is provoking selling from volatility-sensitive funds, exacerbating a selloff - Volatility control funds - systematic investment strategies that typically buy equities when markets are calm and sell when they grow turbulent  have gorged on stocks as indexes soared to record highs in 2024 - More recently, they have begun selling, as worries over the economy and tech earnings rattle investors: volatility control funds have dumped about $83.6 billion of U.S. equity futures over the last two weeks VIX - SPIKES to 65 on Monday morning.... (Then comes down to about 36 on the close) - Historical spike like that  are  interesting signs that it may be end of route (or getting close) - - 80's for Pandemic and peak of Financial Crisis ---- Unbelievable move in 3 days that seems that most people were unprepared for Economic Issues - Nonfarm payrolls grew by just 114,000 in July, below the downwardly revised 179,000 in June and the Dow Jones estimate for 185,000. - The unemployment rate edged higher to 4.3%, its highest since October 2021, triggering an economic rule on recessions. - Health care again led, adding 55,000 to payrolls. Other notable gainers included construction (25,000), government (17,000), and transportation and warehousing (14,000). - Average hourly earnings increased 0.2% for the month and 3.6% from a year ago. Both figures were below respective forecasts for 0.3% and 3.7%. Google loses Anti-Trust - Google’s payments to make its search engine the default on smartphone web browsers violates US antitrust law, a federal judge ruled Monday,

    1h 1m

  8. JUL 31

    DHUnplugged #712: Correction or Pause?

    New Study - Power and AI Apple releases new AI (first version) Bitcoin - Not Buying the Electoral Rhetoric Correction territory for many tech names PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter DONATIONS ? Warm Up - NEW CTP ANNOUNCED! - Jailtime? Short Seller targeted - The EXCITING Summer Olympics - Last vote - never again! Market Update - New Study - Power and AI - Apple releases new AI (first version) - Bitcoin - Not Buying the Electoral Rhetoric - Correction territory for many of the tech names.... - Microsoft Earnings... Crowdstrike Glitch - 2nd shoe is dropping - Lawsuits are on the way - hitting Crowdstrike and Microsoft - Several announced this week..... - CRWD still falling - Down 40% since before the "glitch"   Microsoft - Reports Q4 (Jun) earnings of $2.95 per share, $0.01 better than the FactSet Consensus of $2.94; revenues rose 15.2% year/year to $64.73 bln vs the $64.38 bln FactSet Consensus. - Azure and other cloud services revenue growth of +29%, +30% constant currency vs +30-31% CC prior guidance. - Guides next quarter is below consensus - Stock getting hit - down 7% initially, but comes back a bit in after-hours AMD - Better than feared - stock up after hours nicely Intel - cutting 1000's of  jobs - they are not a contender at all Citron Boss - The activist short seller Andrew Left surrendered in Los Angeles on Monday to face federal criminal securities fraud charges, a spokesman for the U.S. Attorney’s Office there said. (Like he was in jail until bail was paid!) - $10M Bail - Andrew Left - is accused of using his public platform, which included social media posts on X and appearances on CNBC, to make illegal profits of at least $16 million by manipulating stock market activity and trading in a way that was contrary to the positions he publicly purported to take. - Left is also being sued by the U.S. Securities and Exchange Commission, which in a civil complaint filed last week in LA federal court accused him and Citron of “engaging in a $20 million multi-year scheme to defraud followers by “publishing false and misleading statements regarding his supposed stock trading recommendations.” - “Left bragged to colleagues that some of these statements [he made] were especially effective at inducing retail investors to trade based on his recommendations and said that it was like taking ‘candy from a baby,’” the SEC alleges in that lawsuit. Big Boys - Tuesday Update - NVDA (-6.5%) extends to session lows, as AI group comes under pressure ahead of key earnings reports and AI capex guides... other AI movers of note include ARM -6%, VRT -6%, SMCI -5.5%, QCOM -4%, MU -3%, SMH -3% Eurozone - The euro zone's economy grew by more than expected in the second quarter of 2024, flash figures from the European Union's statistics office showed Tuesday. - The zone's gross domestic product rose by 0.3% in the three months to the end of June compared to the previous quarter, the data showed. Economists polled by Reuters had expected a 0.2% increase on a quarterly basis. McDonald's Earnings - McDonald’s on Monday reported quarterly earnings and revenue that missed analysts’ expectations as same-store sales declined across every division. - Earnings per share: $2.97 adjusted vs. $3.07 expected - Revenue: $6.49 billion vs. $6.61 billion expected - “At the end of the day, we expect customers will continue to feel the pinch of the economy and a higher cost of living for at least the next several quarters in this very competitive landscape,” McDonald’s U.S. President Joe Erlinger said - Stock - Went up - Big plan ????? Bring back the Value Meal (How does that actually help?)

    1h 6m
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4.5
out of 5
402 Ratings

About

This is the unscripted discussions of John C. Dvorak and Andrew Horowitz. Open mic style conversations about the economy, finance and the wacky world of business. Tips and rants are all part of each episode.

Information

  • Creator
    Horowitz and Dvorak
  • Years Active
    2009 - 2024
  • Episodes
    25
  • Rating
    Clean
  • Copyright
    © 2022+
  • Show Website
    DHUnplugged Podcast

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