Of the little economic news there was both PPI revisions and UK inflation data seemed to give bond bulls some renewed optimism on the inflation front.
Retail Sales and Jobless Claims on the come.
XTOD: AirPods have only been out for 7 years, and the average person now defaults to throwing their headphones in as soon as they’re alone in public. Walk through the grocery store, everyone has their headphones in. Same with the gym, or just walking around town.
This feels like a dystopic tech trend that will only accelerate as AI improves and new products like the Vision Pro continue to come out.
XTOD: Vice Chair Barr: "A single bank missing its revenue expectations and increasing its provisioning does not change the fact that the overall banking system is strong, and we see no signs of liquidity problems across the system."
XTOD: Who Had 'Russian Nukes In Space' On Their Election-Year Disruption Bingo-Card?
XTOD: U.S. House Representative, Michael Waltz stated when asked why Chairman Turner decided to make the National Security Threat today Public, “If we don't Deal with this Issue Appropriately, if the Administration doesn't take Firm Action, this could be a Geostrategic Game-Changer. And that is why Chairman Turner took this Unprecedented Step.”
XTOD: I was laid off from Lyft today. I was the Director of Finance in charge of reporting our margin expansion in our earnings release.
I accidentally wrote 500 basis points when I meant to write 50 and our stock tanked after we issued the correction.
Working at Lyft has been the most exciting first job to have after taking only one finance class in college and graduating this past Fall.
Time for some rest and relaxation and excited for what comes next!
https://x.com/Jack_Raines/status/1757193129885569236?s=20
https://x.com/StevenKelly49/status/1757874848586486212?s=20
https://x.com/zerohedge/status/1757876410637500771?s=20
https://x.com/sentdefender/status/1757866167513813281?s=20
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