China putting out stimulus ideas daily.
Traffic jam in Panama!
Weather is causing all sorts of problems
Crude oil prices on the rise
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
- COVID making the rounds again - J Biden tests positive
- Weight loss
- UAL Full ground stop today
- Gone Private - Back to the Public life (ARM)
- More bailouts in China
- InfaDisinFlation - Slowing Deflation?
Market Update
- Hurricane Idalia - The $$ cost to insurers
- Employment reports - mixed to good. Fed friendly (but rates creeping again)
- What is happening to pharmacies?
- GOVY shutdown clock continues
- Oil is still rising
- Back to School
THANK YOU to all who decided it was a good idea to give - we are sending you books for those who graciously donated the special amount to show 666.
Employment Report
- Revisions to last two months (better)
- Payrolls increased to 187,000
- Unemployment rate @3.8%
- Rates came down a bit and markets took this as good news
VFS Stock
China
- Continued problems with the economy
- New measures over the past week to help real estate sector and lenders
- Looks like injection of funds into Country Garden
- USD moving to highs against the Yuan
OIL
- Even though there is a concern about China's economy - oil keeps rising
- Oil prices rose on Friday to their highest in over half a year and snapped a two-week losing streak, buoyed by expectations of tightening supplies.
- Saudi Arabia decided to keep (extend) the voluntary cuts into October
--- 1 million barrels per day
-- Crude oil up 8% YTD - BUT, 21% in the last 3-months
----- How does that fit with the deflationary story?
Supply Chain/Weather Issues
- The average wait time for non-booked vessels at the Panama Canal jumped by between 44% and 59% last month as a prolonged drought led to restrictions on daily transits and ship drafts.
- The Panama Canal Authority began imposing the restrictions earlier this year in a move to conserve water. Only 32 vessels with a draft of up to 44 feet are now allowed to pass everyday, from 36 ships and maximum draft of 50 feet in normal conditions.
- Waiting time averaged 8.85 days for southbound transit and 9.44 days for northbound passage in August, from 5.56 days and 6.55 days, respectively, in July, according to data from the Panama Canal Authority.
VinFast
- Follow up - OH My - down 70% from peak
ARM
- Chip design firm Arm on Tuesday submitted an updated filing for its upcoming blockbuster initial public offering on the New York Stock Exchange, setting a price range between $47 and $51.
- Only 9.4% of Arm’s shares will be freely traded on the NYSE.
- Arm was previously dually listed in London and New York, before SoftBank acquired it for $32 billion in 2016.
Shoot it up!
- Novo Nordisk launched its weight-loss injection Wegovy in Britain on Monday, its second debut in Europe in just over a month as the drugmaker seeks to expand in the region even as it struggles to keep up with soaring demand.
- Surging demand for the drug, and Novo's highly effective diabetes drug Ozempic, have sent the company's shares and earnings to record highs.
- So no problem taking these shots.....(only very recently approved for weight loss as it is a diabetes medicine)
- MIRACLE DRUG - Get that shot in the belly roll!|
- Danish drugmaker (Novo Nordisk) briefly unseated LVMH as Europe's most valuable listed company in intraday trading on Friday, ending the French luxury group's 2-1/2 year-long reign at the top.
COVID
- First lady Jill Biden’s positive test for Covid-19 threatens to upend President Joe Biden’s plans to travel to the G-20 summit in India,
Traffic jam in Panama!
Weather is causing all sorts of problems
Crude oil prices on the rise
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
- COVID making the rounds again - J Biden tests positive
- Weight loss
- UAL Full ground stop today
- Gone Private - Back to the Public life (ARM)
- More bailouts in China
- InfaDisinFlation - Slowing Deflation?
Market Update
- Hurricane Idalia - The $$ cost to insurers
- Employment reports - mixed to good. Fed friendly (but rates creeping again)
- What is happening to pharmacies?
- GOVY shutdown clock continues
- Oil is still rising
- Back to School
THANK YOU to all who decided it was a good idea to give - we are sending you books for those who graciously donated the special amount to show 666.
Employment Report
- Revisions to last two months (better)
- Payrolls increased to 187,000
- Unemployment rate @3.8%
- Rates came down a bit and markets took this as good news
VFS Stock
China
- Continued problems with the economy
- New measures over the past week to help real estate sector and lenders
- Looks like injection of funds into Country Garden
- USD moving to highs against the Yuan
OIL
- Even though there is a concern about China's economy - oil keeps rising
- Oil prices rose on Friday to their highest in over half a year and snapped a two-week losing streak, buoyed by expectations of tightening supplies.
- Saudi Arabia decided to keep (extend) the voluntary cuts into October
--- 1 million barrels per day
-- Crude oil up 8% YTD - BUT, 21% in the last 3-months
----- How does that fit with the deflationary story?
Supply Chain/Weather Issues
- The average wait time for non-booked vessels at the Panama Canal jumped by between 44% and 59% last month as a prolonged drought led to restrictions on daily transits and ship drafts.
- The Panama Canal Authority began imposing the restrictions earlier this year in a move to conserve water. Only 32 vessels with a draft of up to 44 feet are now allowed to pass everyday, from 36 ships and maximum draft of 50 feet in normal conditions.
- Waiting time averaged 8.85 days for southbound transit and 9.44 days for northbound passage in August, from 5.56 days and 6.55 days, respectively, in July, according to data from the Panama Canal Authority.
VinFast
- Follow up - OH My - down 70% from peak
ARM
- Chip design firm Arm on Tuesday submitted an updated filing for its upcoming blockbuster initial public offering on the New York Stock Exchange, setting a price range between $47 and $51.
- Only 9.4% of Arm’s shares will be freely traded on the NYSE.
- Arm was previously dually listed in London and New York, before SoftBank acquired it for $32 billion in 2016.
Shoot it up!
- Novo Nordisk launched its weight-loss injection Wegovy in Britain on Monday, its second debut in Europe in just over a month as the drugmaker seeks to expand in the region even as it struggles to keep up with soaring demand.
- Surging demand for the drug, and Novo's highly effective diabetes drug Ozempic, have sent the company's shares and earnings to record highs.
- So no problem taking these shots.....(only very recently approved for weight loss as it is a diabetes medicine)
- MIRACLE DRUG - Get that shot in the belly roll!|
- Danish drugmaker (Novo Nordisk) briefly unseated LVMH as Europe's most valuable listed company in intraday trading on Friday, ending the French luxury group's 2-1/2 year-long reign at the top.
COVID
- First lady Jill Biden’s positive test for Covid-19 threatens to upend President Joe Biden’s plans to travel to the G-20 summit in India,
Activity