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".
• 
• 
  
(Credit:
@ChristophWeyant
)

Notes Today: 

• This dude is 52 years old!
• 

• Had to look up cuck.

• 

• 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.

• 
  
  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!

Notes Today:

• Loss Aversion is the fact that people dislike losses far more than they enjoy gains. So, the supreme courts approval rating will most likely continue to a new all-time low!

• • Beans soar higher on bullish Stocks/Acres numbers. Need to ration deman!

 

• Prices of services, Powell’s favored inflation gauge hits 10-month low. Excluding energy services and housing costs rose 0.23% in May.
• S&P new high on the move.
• 

• Latest supreme court: reminder, 3 were appointed by a president who lost the popular vote and benefited from a stolen seat.

• For a 6-3 majority, Gorsuch holds First Amendment protects website designer who wants to be able to refuse to design sites for same-sex marriages.
• It’s ok to blatantly discriminate against gay people (and anyone else) if God told you to.
• Supreme Court kills President Biden’s student loan forgiveness program.
• The extreme majority has blocked about $430 billion in debt relief for roughly 40 million Americans..So, some 40 million Americans are now at least $10,000 poorer.

• Roberts says it is "disturbing" that recent decisions that accuse the court of going beyond its proper role are "disturbing."

• 
  
  Guns have all the rights.

• 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:

• Key document may be fake in LGBTQ+ rights case before US supreme court. and it’s false,” he added. “Nobody’s checked it. Anybody can pick up the phone, write an email, send a text, to verify whether that was correct information.”

• World Organization for Animal Health releases statement on H5N1 bird flu in cats. 16 cases so far. "A direct role from infected wild birds is unlikely as a common source" and no indication of cat-to-cat transmission. Suspected cases should be isolated and handled with PPE.

• Confirmed H5N1 bird flu cases in cats so far this year: - Poland: 16 (all this month) - USA: 6 - France: 1 

• Russians fall out of a lot of windows: Kristina Baikova, 28, VP at Russian Bank, Loko-Bank, fell to her death from an 11th floor window of her Moscow apartment in the early hours of Friday morning. 

• Bill Browde @Billbrowder
• Genius idea. New US legislative proposal to pay bounties to individuals who help the US government freeze and seize assets of sanctions evaders. Since oligarchs have invested so much in hiding their money, we need to create a profit motive in finding it.

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.

Media: why would anyone be interested

in this?

 

Notes Today: 

• Canadian Immigration

• Fed Chair Powell said he can see core inflation getting back down to 2% in 2025, but not earlier than that.

• Is rent disinflation forthcoming?

 

•  Summer in winter in South America: Today it was the 4th consecutive day 32C + in Northern Argentina and 34C + (93F) in Paraguay with temperatures at record levels.
• More summer in winter in this Australia: Queensland keeps beating records.
• Texas heatwave blamed for 13 deaths as scorching temperatures and smoke spread across US – as it happened
• Record heat in Siberia continues where hundreds of records have been falling nearly every day for 2 months.
• A cloud of smoke that was triggered by the forest fires in Canada has arrived in Europe -darkening the sky in Portugal.

George Monbiot

• Privatised utilities would do a better job, they said.
• They would invest more
• Improve services
• Cut bills

Lies

Lies

Lies 

Lies

• The privatisation of public services is legalised theft from the public domain.

• Refugee arrested during Istanbul (Turkey) LGBT pride march faces deportation and potential death penalty in Iran.
• Value of Turkish Lira - new low!

• AI Mentions

• 7 more cats in Poland have died of H5N1 bird flu, raising the total to 16. It's still unknown how they're getting infected..

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.

 S&P 500 stocks at 52 week high

Instrument Name	Close	Highest	Symbol
A O Smith Ord Shs	72.27	71	AOS
American Airlines Group Ord Shs	17.35	17.08	AAL.O
AmerisourceBergen Ord Shs	188.78	187.87	ABC
AMETEK Ord Shs	159.58	157.38	AME
Amphenol Ord Shs Class A	82.24	82.15	APH
Apple Ord Shs	188.06	187	AAPL.O
Applied Material Ord Shs	146.55	141.79	AMAT.O
Cardinal Health Ord Shs	93.09	92.52	CAH
Carrier Global Ord Shs	49.49	48.63	CARR.K
Church And Dwight Ord Shs	98.78	97.66	CHD
D R Horton Ord Shs	123.05	120.4	DHI
Delta Air Lines Ord Shs	46.09	43.14	DAL
Eaton Ord Shs	197.65	196.89	ETN
Eli Lilly Ord Shs	464.5	458.84	LLY
Fastenal Ord Shs	58.46	57.64	FAST.O
Fedex Ord Shs	246.76	240.09	FDX
FleetCor Technologies Ord Shs	245.67	244.45	FLT
Fortinet Ord Shs	73.66	73.59	FTNT.O
Fortive Ord Shs	73.06	72.03	FTV
HCA Healthcare Ord Shs	297.6	295.4	HCA
Howmet Aerospace Ord Shs	48.1	47.16	HWM
Intuitive Surgical Ord Shs	330.02	329.36	ISRG.O
Lam Research Ord Shs	649.16	630.03	LRCX.O
Lennar A Ord Shs	126.06	122.3	LEN
Lowe's Companies Ord Shs	223.56	221.56	LOW
Martin Marietta Materials Ord Shs	452.09	442.78	MLM
Masco Ord Shs	57	56.69	MAS
Microchip Technology Ord Shs	86.78	86.64	MCHP.O
Norwegian Cruise Line Holdings Ord Shs	19.59	19.54	NCLH.K
NVR Ord Shs	6330.2002	6160.21	NVR
NXP Semiconductors Ord Shs	200.32	197.85	NXPI.O
Omnicom Group Ord Shs	96.75	96.14	OMC
PACCAR Ord Shs	80.36	79.48	PCAR.O
Parker-Hannifin Ord Shs	380.19	375.47	PH
Pentair Ord Shs	62.7	61.04	PNR
PPG Industries Ord Shs	144.43	143.08	PPG
Pultegroup Ord Shs	78.67	76.27	PHM
Quanta Services Ord Shs	194.66	190.94	PWR
Republic Services Ord Shs	150.19	148.19	RSG
Rockwell Automation Ord Shs	322.66	320.75	ROK
Roper Technologies Ord Shs	470.87	462.02	ROP
Royal Caribbean Group Ord Shs	101.43	97.92	RCL
Snap On Ord Shs	283.18	277.79	SNA
Take Two Interactive Software Ord Shs	146.34	143.51	TTWO.O
TJX Ord Shs	82.8	82.72	TJX
TransDigm Group Ord Shs	873.74	855.34	TDG
United Airlines Holdings Ord Shs	56.03	54.26	UAL.O
Universal Health Services Ord Shs Class B	156.37	152.67	UHS
Vulcan Materials Ord Shs	220.42	214.77	VMC
WW Grainger Ord Shs	770.5	748.09	GWW
Zimmer Biomet Holdings Ord Shs	144.81	144.58	ZBH