- More Deals - So many deals! We are so Amazing with the Deals!
- Investors turn hot on stocks - like nothing happened!
- Apple making moves - so smart
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
Warm-Up
- More Deals - We are so Amazing with the Deals!
- Investors turn hot on stocks - like nothing happened!
- Apple making moves - so smart
- Microsoft layoffs - Important information on this if you are one of these
Markets
- HUGE move as tariffs paused for 90 days on China
- Right on cue - most negative sentiment in decades then the squeeze
- China - we have something - Maybe Phase 1.5?
- Drug companies under pressure
- Google update - Lots of headwinds
Announcing the Winner of the Micron (MU) CTP
Reconciliation BILL - Draft
- House Republicans release text of large reconciliation bill which includes extension of 2017 tax cuts for all income levels, spending cuts (Medicaid and green energy spending), energy reform, immigration reform, and a debt ceiling increase of $4 trillion
- The bill eliminates taxes on tips and overtime.
- It achieves "no tax on social security" by increasing deductions for seniors on the program.
- The bill eliminates several green energy spending programs and ends the EV tax credit early.
- The bill makes auto loan interest tax deductible.
- The bill raises the debt ceiling by $4 trillion.
- The bill raises the State and Local Tax Deduction to $30,000 for people making $400K or less.
- The bill makes changes to the IRS free tax filing program, pending review by a task force.
- Bill includes tax on college endowments and private foundations.
AI Diffusion Rule Repeal
- Wasn't the idea to stop chips from being sold to bad actors?
- Good news for NVDA, Intel, AMD etc...
- Is this good news?
Reality Bites
- A quick weekend meeting and all good
- 90 day pause
- The tariff rate on imported goods to the U.S. from China has been slashed from 145% to 30%, and the tariff rate on imported goods from the U.S. to China has been cut from 125% to 10%
- The Art of the ????
---- So confusing that it is hard to imagine that anyone really knows what is going on at this point.
What Do We Do With this:
- Commerce Secretary Howard Lutnick said Sunday that the 10% baseline tariff rate on imports from other countries is likely to "be in place for the foreseeable future," echoing President Donald Trump's comments from days prior.
- They also said no change in tariffs not matter what China does, then maybe a reduction 80% maybe
- FAKE PROMISES, Fake News????
China Shipments
- China's exports surged in April even as shipments to the U.S. plunged as businesses bore the brunt of prohibitive U.S. tariffs that kicked in last month.
- Exports jumped 8.1% last month in U.S. dollar terms from a year earlier
- Imports slumped by 0.2% in April from a year earlier (much less that expected)
- China's outbound shipments to the U.S. plunged over 21% in April year on year, while imports dropped nearly 14%, official data showed.
How Much?
- In April 2025, the U.S. government collected approximately $16 billion in net customs duties. This was a significant increase from the previous year, driven by higher tariffs on Chinese goods and other imports
- The budget results indicate that the U.S. collected just over $500 million a day from tariffs in April
Income Received
Inflation Update
- Somehow, not moving (yet)
- Total CPI was up 0.2% month-over-month (Briefing.com consensus 0.3%) following a 0.1% decline in March. On a year-over-year basis, total CPI was up 2.3%, versus 2.4% in March. That is the smallest 12-month increase since February 2021.
- Core CPI, which excludes food and energy,
- Investors turn hot on stocks - like nothing happened!
- Apple making moves - so smart
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
Warm-Up
- More Deals - We are so Amazing with the Deals!
- Investors turn hot on stocks - like nothing happened!
- Apple making moves - so smart
- Microsoft layoffs - Important information on this if you are one of these
Markets
- HUGE move as tariffs paused for 90 days on China
- Right on cue - most negative sentiment in decades then the squeeze
- China - we have something - Maybe Phase 1.5?
- Drug companies under pressure
- Google update - Lots of headwinds
Announcing the Winner of the Micron (MU) CTP
Reconciliation BILL - Draft
- House Republicans release text of large reconciliation bill which includes extension of 2017 tax cuts for all income levels, spending cuts (Medicaid and green energy spending), energy reform, immigration reform, and a debt ceiling increase of $4 trillion
- The bill eliminates taxes on tips and overtime.
- It achieves "no tax on social security" by increasing deductions for seniors on the program.
- The bill eliminates several green energy spending programs and ends the EV tax credit early.
- The bill makes auto loan interest tax deductible.
- The bill raises the debt ceiling by $4 trillion.
- The bill raises the State and Local Tax Deduction to $30,000 for people making $400K or less.
- The bill makes changes to the IRS free tax filing program, pending review by a task force.
- Bill includes tax on college endowments and private foundations.
AI Diffusion Rule Repeal
- Wasn't the idea to stop chips from being sold to bad actors?
- Good news for NVDA, Intel, AMD etc...
- Is this good news?
Reality Bites
- A quick weekend meeting and all good
- 90 day pause
- The tariff rate on imported goods to the U.S. from China has been slashed from 145% to 30%, and the tariff rate on imported goods from the U.S. to China has been cut from 125% to 10%
- The Art of the ????
---- So confusing that it is hard to imagine that anyone really knows what is going on at this point.
What Do We Do With this:
- Commerce Secretary Howard Lutnick said Sunday that the 10% baseline tariff rate on imports from other countries is likely to "be in place for the foreseeable future," echoing President Donald Trump's comments from days prior.
- They also said no change in tariffs not matter what China does, then maybe a reduction 80% maybe
- FAKE PROMISES, Fake News????
China Shipments
- China's exports surged in April even as shipments to the U.S. plunged as businesses bore the brunt of prohibitive U.S. tariffs that kicked in last month.
- Exports jumped 8.1% last month in U.S. dollar terms from a year earlier
- Imports slumped by 0.2% in April from a year earlier (much less that expected)
- China's outbound shipments to the U.S. plunged over 21% in April year on year, while imports dropped nearly 14%, official data showed.
How Much?
- In April 2025, the U.S. government collected approximately $16 billion in net customs duties. This was a significant increase from the previous year, driven by higher tariffs on Chinese goods and other imports
- The budget results indicate that the U.S. collected just over $500 million a day from tariffs in April
Income Received
Inflation Update
- Somehow, not moving (yet)
- Total CPI was up 0.2% month-over-month (Briefing.com consensus 0.3%) following a 0.1% decline in March. On a year-over-year basis, total CPI was up 2.3%, versus 2.4% in March. That is the smallest 12-month increase since February 2021.
- Core CPI, which excludes food and energy,
Activity