#Sicily - literally no media outlet is covering this . The streets are on FIRE and they wont spread the news nationally . They wont send help. People call for emergency assistance and no one picks up the phone .    carmen @banditointrench · 9h 

Water temperature in South Florida reached as high as 101°F (38°C), according to preliminary data, which would set a world record if confirmed - WFLA

One of water's most significant properties is that it takes a lot of energy to heat it. Precisely, water has to absorb 4,184 Joules of heat (1 kilocalorie) for the temperature of one kilogram of water to increase 1°C

Notes Today: 

• Twitter X itself out. Killing billions in brand value.
• Twitter’s attempt to rebrand itself as “X” has drawn mockery due to its similarity to the adult video site ‘Xvideos’.  (“X” = new coke) 
• Elon Musk Soooper Genius: Twitter name is coming off the building right now but elonmusk didn’t get permit for the equipment on the street so SFPD is shutting it down. Why would this dude need a permit?
• Elon is now xeeting - I suppose.

• Wheat soars daily limit as Russia attacks Ukrainian ports, Danube warehouses. 

• The global rice market has turned precarious following India’s ban on white rice exports. It has totally become a seller’s market with prices of even cargoes in transit being hiked by $50-100 a tonne, said traders.

• bird logo available?  
  
  
  

 

Problem with these notes: some tend to run up against a deeply rooted feature of human cognition - the desire not to think about anything unpleasant…Sorry about that.

Nearly 400,000 more people moved into than out of the most flood-prone counties in 2021 and 2022—a 103% increase from the prior two years. 

The only stock in the S&P 500 making a 52-week low.

• Long term monthly log chart.

• And Relative Strength

 

Dow Theory,  back to bullish.

 

Notes Today

•  Morgan Stanley credits Bidenomics for ‘much stronger’ than expected GDP growth.

• This is the first year Texas has ranked dead last for quality of life, along with dropping out of the top five states for business for the first time.  (Houston Chronicle)

• (FT) G20 deal on fossil fuels blocked after Saudi opposition..

• Gujarat, India got 8.9 inches of rain in 2 hours....

• Up to 30,000 (rich) people evacuated as wildfires ravage Rhodes

• An NFT of Jack Dorsey's first tweet bought for $2.9M is now valued at less than $4 - any buyers?

• We’re noticing climate change, and beginning to discuss it. It’s entering our general awareness, at last, what Jung might have called a collective consciousness.
• The 2010s and 2020s compared to the 1930s.
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• Fox News host is mad at President Biden for wearing sneakers.
• “Wearing those shoes, particularly a commander in chief in public...That’s like wearing a Speedo andflip flops to a funeral.”   (Fox busy reporting vital news..)
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Quick Overview is up to date

Notes Today:

• “He was the last person to murder two billionaires at once and have them pay for the privilege.”

• Black Sea grain deal canceled by Russia – China was the biggest recipient of Ukrainian grain.
• Russia to deem Ukrainian – bound ships potential carriers of military cargo from Wednesday eve. Reuters 
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• Russian subsidiaries of France’s Danone and Denmark’s Carlsberg have been seized under a decree by President Putin aimed at firms from “unfriendly” countries. 

• (Reuters) - Twitter's cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load. 

• In a unanimous ruling, the California supreme court said UberEats driver Erik Adolph did not give up his right under state law to sue on behalf of a large group of workers even though he signed an agreement to bring his own work-related legal claims in private arbitration. 

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Problem with these notes: some tend to run up against a deeply rooted feature of human cognition - the desire not to think about anything unpleasant…Sorry about that.

 

Later

Why Nasdaq Had to Kneecap the Big Six

Cutting the megacaps down to size will enable tech’s best-known benchmark to offer better diversification and regain its balance. 

Toxic chemicals were found in Indian-produced medicine that led to the deaths of dozens of children. It revealed how poorly the country’s pharmaceutical industry is policed. There was no telling how many other drugmakers were using the same counterfeit supplies.

Notes Today:

• Florida: Farmers Insurance informed the state it was dropping home, auto and umbrella policies across Florida.
• More people moved out of Florida in 2021 than New York or California. 

• Corn, Soybean Conditions Improve, But “Still the Lowest for this Time of Year Since 2012”.

• Microsoft (MSFT) wins US court’s blessing for $69 billion Activision deal. 

Beyond extreme!

Problem with these notes: some tend to run up against a deeply rooted feature of human cognition - the desire not to think about anything unpleasant…Sorry about that.

 

Notes Today:

Forbes: Elon Musk trolled Mark Zuckerberg in a pair of tweets that called the Meta CEO a “cuck” and proposed a “literal dick measuring contest."

 

•  Now George Santos is comparing himself to Rosa Parks.

• Amazonas state, home to over half of Brazil's intact forests, has nearly doubled its rate of primary forest loss in just three years," the World Resources Institute said. "Primary forest losses in this part of the Brazilian Amazon are mainly large-scale clearings -- likely for cattle pastures -- along existing highways.

 

Problem with these notes: some tend to run up against a deeply rooted feature of human cognition - the desire not to think about anything unpleasant…Sorry about that.

Austria’s "Century" Bonds Have Cost Investors Dearly

Sir David Attenborough to present climate change documentary.

• Last December, Sir David called climate change "humanity's greatest threat in thousands of years" at the opening ceremony of the United Nations climate change conference.
• He said it could lead to the collapse of civilisations and the extinction of "much of the natural world".
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(Credit:
@ChristophWeyant
)

Notes Today: 

• This dude is 52 years old!
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• Had to look up cuck.

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• Q39. Quick: Question about the new 15% corporate minimum tax rate.
• Buffett: The 15% tax doesn’t bother me in the least. We were paying 52% tax as federal income taxes when I bought control in the partnership of Berkshire Hathaway. The tax rate has come down dramatically. We do not think corporations are overtaxed in the U.S. We will figure out a way to pay 15% every year, which generally, we’ve been paying anyway. If there were 1000 corporations in the U.S. that paid what Berkshire has been paying, nobody else in the U.S., no individual, no corporation, would ever pay any income tax, social security tax, gift tax, estate tax, anything else. A thousand like Berkshire would produce the revenue that’s being derived under the present tax code from everybody in the U.S.

• Q24. Audience: Charlie, do you still think people who refused the Covid vaccine were “really massively stupid”?
• Munger: Yes.

From 2023 Berkshire Hathaway Annual Meeting: Summary Of The 48 Questions And Answers

Problem with these notes: some tend to run up against a deeply rooted feature of human cognition - the desire not to think about anything unpleasant…Sorry about that.

Notes Today: 

• A Canadian judge has ruled that the “thumbs-up” 👍emoji is just as valid as a signature. 

• On Monday came Earth’s hottest day in at least 125,000 years. Tuesday was hotter.

• Twitter’s latest estimated value crash:  $44B to $44M. Elon Musk, what a genius.

• BBC will not broadcast Attenborough episode over fear of ‘rightwing backlash’. Groveling before the planet wreckers.

 

Problem with these notes: some tend to run up against a deeply rooted feature of human cognition - the desire not to think about anything unpleasant…Sorry about that.

 

Notes Today: 

• Latest fed meeting:  it’s fair to say the key takeaway is that more hikes are coming...

• A climate activist in New Zealand faces 10 years in jail after a court found her guilty of forgery for sending a fake letter to the speakers at an oil industry conference, telling them it had been postponed due to the climate crisis.👍👍

• The Twitter dudes model of how to run a business seems to be - just very quietly reverse lousy decisions and don’t say a word. Perhaps he is physically unable to admit to his endless missteps.

• Toyota says it has made a technological breakthrough that will allow it to halve the weight, size and cost of batteries, in what could herald a major advance for electric vehicles.
• Japanese firm believes it could make a solid-state battery with a range of 745 miles that charges in 10 minutes.
• FT: Will Toyota’s solid-state battery win bring back the magic?

Hottest day ever recorded on Planet Earth. Who cares. Nobody.

Notes today

• LONDON, July 3 (Reuters) - U.S. property catastrophe reinsurance rates rose by as much as 50% at a key July 1 renewal date, broker Gallagher Re said in a report on Monday, with states such as California and Florida increasingly hit by wildfires and hurricanes.

• The twitter dude faces lawsuit over alleged non-payment for office services in four countries. Is he a grad from trump university?

• TweetDeck etc. is fallingappart. When contacted for comment, twitter responded with an automated 💩poop emoji, as it has done since the genius took over  and gutted everything.

• Economist: Weeks of roasting temperatures in Beijing and elsewhere in northern China have raised the threat of drought and shortages of hydropower. That would add to the problems of China’s economy, which is far from sizzling.

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  World hits record land, sea temperatures as climate change fuels 2023 extremes. 

•  Unhinged from judicial standards, the court now roves through the policy landscape, overturning decades of law and reordering Americans’ lives and institutions. It upends women’s health, revamps college admissions, snatches student aid from millions and redefines public...  Laurence Tribe @tribelaw 

 Today's Quote: 

“A body of men holding themselves accountable to nobody ought not to be trusted by anybody.”

― Thomas Paine

Problem with these notes: some tend to run up against a deeply rooted feature of human cognition - the desire not to think about anything unpleasant……Sorry about that.

 

Quick Overview is up to date

 Soybeans & Corn: Corn Soy ratio  

Corn

Soy

• No room for error. If bean yield drops 2%, ending stocks come in at 55 m , and stock to usage ratio drops to 1.3

 

This will sell many  teslas - true genius. Thank you, Elon Musk.

I wouldn’t get in a tesla as a hostage!