DHUnplugged Podcast

<p>Another good month &#8211; investors are giddy.<img fetchpriority="high" decoding="async" class="alignright" src="https://www.dhunplugged.com/wp-content/uploads/2026/06/dh_805_banner.jpg" width="391" height="220" /></p> <p>Oil &#8211; CRITICALLY LOW inventory (Inside Baseball).</p> <p>Fed governor admits inflation is hard to control.</p> <p>A major name says they are reducing stocks &#8211; but are they really?</p> <p>Announcing the Winner of the CTP for Salesforce (CRM).</p> <p>PLUS we are now on <strong><a href="https://open.spotify.com/show/30bQIjH9Gw4es27XYrYKJL">Spotify</a> and <a href="https://music.amazon.com/podcasts/79261e60-0492-43c0-b1a2-708ebeb4bd7e/DH-Unplugged">Amazon Music/Podcasts</a></strong>!</p> <hr /> <p><!--more--></p> <p style="text-align: center;"><div class="su-spoiler su-spoiler-style-fancy su-spoiler-icon-plus-circle su-spoiler-closed" data-scroll-offset="0" data-anchor-in-url="no"><div class="su-spoiler-title" tabindex="0" role="button"><span class="su-spoiler-icon"></span>Click HERE for Show Notes and Links</div><div class="su-spoiler-content su-u-clearfix su-u-trim"></p> <p style="text-align: center;"><span style="color: #ff0000;"><strong>DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar.</strong></span></p> <hr /> <h4 style="text-align: center;"><b>Love the Show? </b>Then how about a Donation?</h4> <div id="donate-button-container"> <div id="donate-button" style="text-align: center;"></div> <p><script src="https://www.paypalobjects.com/donate/sdk/donate-sdk.js" charset="UTF-8"></script><br /> <script> PayPal.Donation.Button({ env:'production', hosted_button_id:'JJJHP2GDEJC7J', image: { src:'https://www.paypalobjects.com/en_US/i/btn/btn_donateCC_LG.gif', alt:'Donate with PayPal button', title:'PayPal - The safer, easier way to pay online!', } }).render('#donate-button'); </script></p> </div> <hr /> <p style="text-align: center;"><a href="http://twitter.com/THErealDVORAK"><strong>Follow John C. Dvorak on Twitter</strong></a></p> <p style="text-align: center;"><a href="http://twitter.com/andrewhorowitz"><strong>Follow Andrew Horowitz on Twitter</strong></a></p> <p><strong>Warm-Up<br /> </strong>- Another good month - investors are giddy<br /> - Oil - CRITICALLY LOW inventory (Inside Baseball)<br /> - Fed governor admits inflation is hard to control<br /> - A major name says they are reducing stocks - but are they really?<br /> - Announcing the Winner of the CTP for Salesforce</p> <p><strong>Markets<br /> </strong>- Huge reversal in Software stocks<br /> - A few names on the move - and moving BIG!<br /> - SpaceX IPO - could drain markets<br /> - More AI valuations through the roof</p> <p><strong>Pizza Mouth !</strong></p> <p><strong>Reversal</strong><br /> - Software stocks bounced this week on strong results from Snowflake and Okta, which both recorded their best days on record.<br /> - The results signal that investors may have been too quick to declare the end of software with the emergence of artificial intelligence.<br /> - Even as AI displaces certain tools and job functions, many software companies continue to show growth, assisted by their own AI products.<br /> - The iShares Expanded Tech-Software exchange-traded fund rose 8% this week and closed May up 21%, the best monthly performance for the ETF since October 2001.<br /> - With this month’s rally, the iShares software ETF is only down 3.8% for the year, still badly trailing the Nasdaq, which has gained 18% in 2026.</p> <p><strong>Snowflake</strong><br /> - Amazon said Wednesday that its cloud division has landed a $6 billion spending commitment from Snowflake, which includes the use of the company’s custom silicon and chips for artificial intelligence.<br /> - Snowflake’s purchase of services and technology from Amazon Web Services will occur over five years, according to a press release about the agreement.<br /> - Snowflake intends to expand its use of Amazon’s Graviton general-purpose chips, as well as cloud-based graphics processing units for AI.<br /> - Snowflake and Amazon are frenemies - they compete but also partner with each other.<br /> - Stock up 36% on this news</p> <p><strong>DELL!!!!!!!!!!!!</strong><br /> - Dell Technologies Inc. shares surged due to an outlook for annual sales that far surpassed expectations on demand for servers that power artificial intelligence work.<br /> - Revenue in the fiscal year ending in January 2027 will be about $167 billion, including $60 billion from the sale of AI servers, topping analysts’ average estimate of $142.1 billion.<br /> - The company booked $24.4 billion in AI orders and generated $16.1 billion in AI server sales in the quarter ended May 1, with Chief Operating Officer Jeff Clarke saying “The AI opportunity shows no signs of slowing.”<br /> - The shares surged 33% to $420.91 at the close Friday in New York, the biggest single-day increase in the more than seven years since the hardware maker returned to the public markets after a five-year hiatus as a private firm.<br /> - Up 150% YTD</p> <p><strong>More Dell</strong><br /> - New XPS 13 at $699 targets price-sensitive market<br /> - Aims to compete with MacBook Neo, lower-end Windows devices<br /> - Launch amid global memory chip crunch to gain market share<br /> - WINING OVER JCD:<br /> -- 13.4-inch screen (very compact footprint)<br /> Options: 2K / 2.5K LCD (120Hz)<br /> OLED <strong>touchscreen</strong> (higher contrast)&#124;<br /> - Very thin bezels ? almost edge?to?edge screen<br /> - Weighs 2.2 lbs - one of the lightes out there and a rival to Apple's Macbook Neo</p> <p><strong>Infighting</strong><br /> - OpenAI may release multi-chip AI software, challenging Nvidia's (NVDA) ecosystem advantage, according to The Information<br /> - Oh, and NVDA is now releasing a CPU for PCs that is aggrevating Intel and AMD</p> <p><strong>Kaboom!</strong><br /> - Blue Origin’s New Glenn rocket exploded in a massive fireball while undergoing a test on a Florida launchpad, dealing a major setback to the company.<br /> - The explosion is the latest blow to New Glenn's reputation as a reliable alternative to SpaceX’s Falcon 9, and Blue Origin’s launch schedule is certain to suffer significant delays.<br /> - The incident will also affect Amazon’s ambitions to build out its Leo satellite network and may delay Blue Origin's role in NASA’s Artemis program, which aims to send humans back to the moon.<br /> - As important as it will be for Blue Origin to diagnose the cause of the rocket explosion, it could take many months to repair its launchpad in Florida.</p> <p><strong>Taking Down - Really?</strong><br /> - BlackRock Inc. is trimming its bet on stocks across its model-portfolio business as US equities surge to record highs following a strong earnings season.<br /> - The firm cut its <span style="text-decoration: underline;"><em><strong>overweight</strong> </em></span>position in equities <strong>from 3% to 1%</strong>, triggering billions of dollars of flows between BlackRock’s exchange-traded funds.<br /> - BlackRock remains confident in equities and will maintain positions that bet on growing corporate profits, artificial intelligence and government spending, but is rotating away from longer-dated US debt in favor of global fixed-income and liquid alternatives.</p> <p><strong>Slight</strong><br /> - SpaceX is targeting a valuation of at least $1.8 trillion in its initial public offering, according to people familiar with the matter.<br /> - The company is seeking to raise as much as $75 billion, which would make it the biggest IPO of all time, and is expected to start formal marketing of its IPO as soon as June 4.<br /> -SpaceX had $18.7 billion in revenue in 2025, and the company's pitch to investors shows its evolution into an AI services and infrastructure giant with a total addressable market of $28.5 trillion.<br /> - 3-5% of the shares will be floated (TIGHT)</p> <ul> <li>Strategy: keep supply constrained, which: <ul> <li>supports price discovery</li> <li>maintains founder control</li> <li>creates early scarcity dynamics</li> </ul> </li> </ul> <p>- - - SpaceX has reserved 5% of the shares ?in its planned initial public offering for certain employees and individuals selected by its executive officers, exempting them from post-IPO lock-up restrictions</p> <p><strong>AND.. Even more Valuations</strong><br /> - AI giant Anthropic is now worth more than OpenAI.<br /> - Anthropic announced a $65 billion Series H financing at a $965 billion valuation, a round led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital.<br /> - The financing puts its valuation above that of rival AI lab OpenAI.<br /> - The valuation has TRIPLED since February</p> <p><strong>Let's GO!</strong><br /> - Shares of LG Electronics surged as much as 24% after the company announced a series of automotive innovations built with technology from Alphabet Inc.’s Google.<br /> - The company said its new range of solutions is built on Android automotive operating systems. Its system can control multiple displays with different aspect ratios at the same time by using a single-on-chip, which is different from other conventional in-vehicle display systems, LG said.<br /> - But 24% on this news?<br /> - More reason that the KOSPI is moving higher</p> <p><strong>No One Care - But...</strong><br /> - Inflation has been above the 2% target for 5 years now<br /> - Minneapolis Federal Reserve President Neel Kashkari said Thursday that bringing down inflation in the U.S. remains his top priority, warning that consumer prices are still “much too high.”&#124;<br /> - Speaking to CNBC’s Kaori Enjoji at the Bank of Japan-IMES Conference, Kashkari said that the U.S. central bank would continue taking a “balanced approach” to its dual mandate of price stability and full employment.<br /> - 5 YEARS!<br /> ---- What that tells us is that the Fed is totally unable to do anything about inflation .... Are we the only ones that see that?</p> <p><strong>Inside Baseball</strong><br /> - From a colegie that will go un-named.<br /> --- Let's just say he is someone who knows what they are talking about and runs BIG money<br /> ----- This is what he said to me.....<br /> <em>- Apparently, oil execs were opining with POTUS in meetings yesterday that oil inventories are at alarmingly low levels and oil prices could soon skyrocket (I might soften that language a bit but they know the oil biz better than me) if SoH does not open soon.</em><br /> <em>- I ran a few numbers on total oil inventories including and excluding the SPR.</em><br /> <em>- Total supplies are 10th percentile vs history (although that includes a period when the SPR ramped from 0 to 600mln barrels in the 1980’s). </em><br /> <em>- Today it is 4th percentile if you start from 1990 when the SPR was basically full.</em><br /> <em>- The 4 week net and % draw the last 3 weeks are the largest draws of all time.</em><br /> <em>- And not surprising the 1 week net and % draw of the SPR are also the 2 largest draws of all time the last 2 weeks.</em></p> <p><strong>Surprised - No....</strong><br /> --- This is another story similar to what we saw a few months ago<br /> - Taiwan prosecutors suspect that three individuals smuggled at least one shipment of Nvidia Corp. AI chips to China after first exporting them to Japan.<br /> - The trio was detained for allegedly falsifying documents related to exports of Super Micro Computer Inc. servers containing advanced Nvidia chips, which the US has barred from sale to China without a license.<br /> - Taiwan authorities seized about 50 servers for which they accuse the trio of preparing fraudulent export documents, but at least one shipment had already gone through Taiwan customs and made it to Hong Kong.</p> <p><strong>Under/Over?</strong><br /> - Tesla will be somehow folder/merged or taken over by SpaceX in an all stock deal<br /> - Tesla market cap is $1.6 Trillion so that will be a tough one to take on as SpaceX is about equal in size.<br /> ---- If this happens, when ?</p> <p>Mini Retirement - Is this a THING?<br /> - A mini retirement is when you take a planned break from working, usually for a few months to a couple of years, instead of waiting until age 65+ to fully retire.<br /> - Tim Feerris popularized this... (4 day workweek dude)</p> <p><strong>Step 1: Work &#38; save aggressively</strong></p> <p>2–10+ years<br /> Build a specific “freedom fund”</p> <p><strong>Step 2: Take time off</strong></p> <p>3 months to 2 years<br /> Travel, recharge, pursue interests, or experiment with new ideas</p> <p><strong>Step 3: Return to work</strong></p> <p>Same career… or pivot to something new</p> <p>Then repeat if desired.</p> <p>&#160;</p> <hr /> <h4 style="text-align: center;"><b>Love the Show? </b>Then how about a Donation?</h4> <div align="center"> <form action="https://www.paypal.com/cgi-bin/webscr" method="post" target="_blank"><input title="PayPal - The safer, easier way to pay online!" alt="Donate" name="submit" src="https://www.paypal.com/en_US/i/btn/btn_donateCC_LG.gif" type="image" /><br /> <img decoding="async" src="https://www.paypal.com/en_US/i/scr/pixel.gif" alt="" width="1" height="1" border="0" /></form> </div> <p style="text-align: center;"><strong><img decoding="async" class="aligncenter" src="https://www.dhunplugged.com/wp-content/uploads/2013/08/dh_CTP.jpg" alt="dh_CTP" width="602" height="122" /></strong><a href="https://www.dhunplugged.com/CTP/salesforce/"><strong><br /> Announcing the THE CLOSEST TO THE PIN<br /> for SALESFORCE (CRM)<br /> </strong></a><img decoding="async" class="aligncenter" src="https://www.dhunplugged.com/wp-content/uploads/2026/05/ctpcrm.jpg" /></p> <p>&#160;</p> <p style="text-align: center;"><strong>Winners will be getting great stuff like the new "OFFICIAL" DHUnplugged Shirt!</strong><strong><br /> </strong></p> <p>&#160;</p> <p>&#160;</p> <hr /> <p><strong>FED AND CRYPTO LIMERICKS</strong></p> <p>&#160;</p> <p></div></div></p> <hr /> <p style="text-align: center;">See this week’s stock picks <a href="https://www.dhunplugged.com/stock-page/"><strong>HERE</strong></a></p> <hr /> <p style="text-align: center;"><a href="http://twitter.com/THErealDVORAK"><strong>Follow John C. Dvorak on Twitter</strong></a></p> <p style="text-align: center;"><a href="http://twitter.com/andrewhorowitz"><strong>Follow Andrew Horowitz on Twitter</strong></a></p> <hr />

<p>Oil Drops &#8211; Still highest cost for Memorial Day in years<img decoding="async" class="alignright" src="https://www.dhunplugged.com/wp-content/uploads/2026/05/dh_804_banner.jpg" width="377" height="236" /></p> <p>Consumer Sentiment Drops again</p> <p>New Fertilizer coming &#8211; Kinda Soilent Green vibe</p> <p>Everyone is talking about SpaceX</p> <p>PLUS we are now on <strong><a href="https://open.spotify.com/show/30bQIjH9Gw4es27XYrYKJL">Spotify</a> and <a href="https://music.amazon.com/podcasts/79261e60-0492-43c0-b1a2-708ebeb4bd7e/DH-Unplugged">Amazon Music/Podcasts</a></strong>!</p> <hr /> <p><!--more--></p> <p style="text-align: center;"><div class="su-spoiler su-spoiler-style-fancy su-spoiler-icon-plus-circle su-spoiler-closed" data-scroll-offset="0" data-anchor-in-url="no"><div class="su-spoiler-title" tabindex="0" role="button"><span class="su-spoiler-icon"></span>Click HERE for Show Notes and Links</div><div class="su-spoiler-content su-u-clearfix su-u-trim"></p> <p style="text-align: center;"><span style="color: #ff0000;"><strong>DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar.</strong></span></p> <hr /> <h4 style="text-align: center;"><b>Love the Show? </b>Then how about a Donation?</h4> <div id="donate-button-container"> <div id="donate-button" style="text-align: center;"></div> <p><script src="https://www.paypalobjects.com/donate/sdk/donate-sdk.js" charset="UTF-8"></script><br /> <script> PayPal.Donation.Button({ env:'production', hosted_button_id:'JJJHP2GDEJC7J', image: { src:'https://www.paypalobjects.com/en_US/i/btn/btn_donateCC_LG.gif', alt:'Donate with PayPal button', title:'PayPal - The safer, easier way to pay online!', } }).render('#donate-button'); </script></p> </div> <hr /> <p style="text-align: center;"><a href="http://twitter.com/THErealDVORAK"><strong>Follow John C. Dvorak on Twitter</strong></a></p> <p style="text-align: center;"><a href="http://twitter.com/andrewhorowitz"><strong>Follow Andrew Horowitz on Twitter</strong></a></p> <p><strong>Warm-Up<br /> </strong>- Oil Drops - Still highest cost for Memorial Day in years<br /> - Consumer Sentiment Drops again<br /> - New Fertilizer coming - Kinda Soilent Green Concept<br /> - Everyone is talking about SpaceX</p> <p><strong>Markets<br /> </strong>- Nothing Really Matters - Anyone can see - New HIGHS<br /> - Governments picking the winners again<br /> - CHIPS !<br /> - Concentration</p> <p><strong>NVDA</strong><br /> - Over the weekend, Jensen Huang said that his forecast of a $200 billion market for <strong>CPUs</strong> includes China, signalling Nvidia still sees significant long-term demand in the market amid ongoing U.S.-China technology tensions.<br /> - During an earnings call on Wednesday, Huang said Nvidia's new "Vera" central processors give it access to a new $200 billion market.<br /> - So, once again the PR machine is running overtime to make sure there is no reason for anyone to sell the stock - needed to make this clarification over the weekend<br /> - Nvidia has received licenses from the U.S. government to sell its H200 chips but has not received approval from Chinese officials who are fostering China's own chip suppliers.</p> <p><strong>Consumers</strong><br /> - Consumer sentiment has tumbled to a fresh record low in May as fears of higher prices grow due to the U.S.-Iran war and elevated oil prices, the University of Michigan’s Surveys of Consumers said Friday.<br /> - The index of consumer sentiment fell to 44.8 from a preliminary reading of 48.2. It’s also well below the 49.8 level seen at the end of April.</p> <p style="text-align: center;"><span class="su-lightbox" data-mfp-src="https://www.dhunplugged.com/wp-content/uploads/2026/05/UMICHMay20026.jpg" data-mfp-type="image" data-mobile="yes"><a href="https://www.dhunplugged.com" class="su-button su-button-style-default" style="color:#FFFFFF;background-color:#2D89EF;border-color:#246ec0;border-radius:5px" target="_self"><span style="color:#FFFFFF;padding:0px 16px;font-size:13px;line-height:26px;border-color:#6cadf4;border-radius:5px;text-shadow:none"> Consumers Upset</span></a></span></p> <p><strong>South Korea</strong><br /> - Record after record...<br /> - This is an impressive chart<br /> - Two companies -Samsung and SK Hynix<br /> -----40% of the entire KOSPI index's total market capitalization.</p> <p style="text-align: center;"><span class="su-lightbox" data-mfp-src="https://www.dhunplugged.com/wp-content/uploads/2026/05/KospiMay2026.jpg" data-mfp-type="image" data-mobile="yes"><a href="https://www.dhunplugged.com" class="su-button su-button-style-default" style="color:#FFFFFF;background-color:#2D89EF;border-color:#246ec0;border-radius:5px" target="_self"><span style="color:#FFFFFF;padding:0px 16px;font-size:13px;line-height:26px;border-color:#6cadf4;border-radius:5px;text-shadow:none"> Kospi Index</span></a></span></p> <p><strong>Who Believes this Crap?</strong><br /> - U.S. forces have conducted “self defense” strikes in southern Iran early Tuesday, with U.S. Central Command saying that this was to “protect our troops from threats posed by Iranian forces.“<br /> - “U.S. Central Command continues to defend our forces while using restraint during the ongoing ceasefire,” Hawkins added.<br /> - Meanwhile there was some talk over the weekend that<br /> --- 1) We are very close to a deal and it will happen soon<br /> ----2) We are in no rush for a deal<br /> ----3) How many times is this same line going to be used to try to push the price of oil down (it did move towards $90 after the weekend resumption of futures trading)<br /> - <em>Neither side can agree on anything.</em>.. Secretary of State Marco Rubio said on Friday that the United States has seen some progress towards a deal but that more work was required, while Iran's foreign ministry said the differences remained deep and significant.<br /> - Tiresome</p> <p><strong>CEO of Ford</strong><br /> - Did you know -???<br /> - The CEO of Ford (Jim Farley) is cousin to Chris Farley</p> <p style="text-align: center;"><span class="su-lightbox" data-mfp-src="https://www.dhunplugged.com/wp-content/uploads/2026/05/Farley.jpg" data-mfp-type="image" data-mobile="yes"><a href="https://www.dhunplugged.com" class="su-button su-button-style-default" style="color:#FFFFFF;background-color:#2D89EF;border-color:#246ec0;border-radius:5px" target="_self"><span style="color:#FFFFFF;padding:0px 16px;font-size:13px;line-height:26px;border-color:#6cadf4;border-radius:5px;text-shadow:none"> Farley and Farley</span></a></span></p> <p><strong>Crops</strong><br /> - Farmers worldwide are under pressure due to the Iran war disrupting supplies of conventional nitrogen fertilizers, forcing them to improvise ahead of the fall planting season.<br /> - Some farmers are turning to age-old solutions like manure, while others are experimenting with newer technologies, including waste-based inputs and microbial products.<br /> -----Circular bio-economy<br /> The crisis is giving fresh momentum to products that have long struggled to gain widespread adoption, with demand for biofertilizers and biostimulants rising and companies seeing rising interest and increased sales.<br /> - Municipal wastewater and treated human urine, which contain high levels of nutrients that can be processed.<br /> ---- So, if your corn is a little extra yellow this summer - now you know...</p> <p><strong>Government's Hand</strong><br /> - Quantum computing shares popped last Thursday, as the U.S. government said it would award $2 billion in grants to nine firms operating in the space.<br /> - IBM is the biggest beneficiary of the package, with the U.S. Commerce Department agreeing to give the firm $1 billion.<br /> - Chipmaker GlobalFoundries is receiving $375 million, while other grant recipients D-Wave Quantum, Rigetti Computing and Infleqtion will be awarded $100 million.<br /> - Shares of D-Wave added 33%, Rigetti soared 30% and Infleqtion skyrocketed about 31%.<br /> - Funding will come from the 2022 Chips and Science Act.</p> <p><strong>More Money Throwing</strong><br /> - Nvidia Corp. bought $500 million worth of rights for shares in Corning Inc. as part of a partnership to expand artificial intelligence infrastructure.<br /> - Corning pledged to increase US fiber production capacity by more than 50% to supply more optical fiber for AI data centers.<br /> - The partnership includes Corning's plan to construct three new complexes in North Carolina and Texas, which is estimated to create more than 3,000 new US jobs.</p> <p><strong>DEBT</strong><br /> - Global debt hits new record, IIF (institute for International Finance) report shows<br /> - Global debt rose for a fifth consecutive quarter in Q1 2026, increasing by more than $4.4 trillion to a record high of over $350 trillion, with the increase concentrated largely in the United States and China.<br /> - Investors shows signs of shift away from Treasuries<br /> - Global debt-to-GDP ratio stable around 305%<br /> - NOTHING TO SEE HERE</p> <p style="text-align: center;"><span class="su-lightbox" data-mfp-src="https://www.dhunplugged.com/wp-content/uploads/2026/05/Globaldebt_2026.png" data-mfp-type="image" data-mobile="yes"><a href="https://www.dhunplugged.com" class="su-button su-button-style-default" style="color:#FFFFFF;background-color:#2D89EF;border-color:#246ec0;border-radius:5px" target="_self"><span style="color:#FFFFFF;padding:0px 16px;font-size:13px;line-height:26px;border-color:#6cadf4;border-radius:5px;text-shadow:none"> Global Debt</span></a></span></p> <p style="text-align: center;"><span class="su-lightbox" data-mfp-src="https://www.dhunplugged.com/wp-content/uploads/2026/05/USmarketscharts.png" data-mfp-type="image" data-mobile="yes"><a href="https://www.dhunplugged.com" class="su-button su-button-style-default" style="color:#FFFFFF;background-color:#2D89EF;border-color:#246ec0;border-radius:5px" target="_self"><span style="color:#FFFFFF;padding:0px 16px;font-size:13px;line-height:26px;border-color:#6cadf4;border-radius:5px;text-shadow:none"> More Charts</span></a></span></p> <p><strong>AI Reality?</strong><br /> - Starbucks retires AI tool nine months after North American deployment<br /> - Tool was part of CEO Brian Niccol's campaign to fix product shortages<br /> - AI tool miscounted items, leading to errors, Reuters has reported<br /> Starbucks cites need for consistency, supply chain improvements in ending program</p> <p><strong>More AI</strong><br /> - Elon Musk's Grok is seeing minimal adoption in US government - even though it's cheap-<br /> - Grok lags far behind OpenAI and other rivals that analysts call more capable<br /> - Data shows uptake by corporations is also weak, suggesting Grok's problems stretch beyond government<br /> - Is it possible that corps don't trust Musk after the way he heavy handled the DOGE process?<br /> - Is this going to impact SpaceX growth story?</p> <p><strong>Employment and Ai</strong><br /> - The co-founder of AI company Anthropic said on Monday that the development of artificial intelligence cannot be left solely to technology companies, urging greater oversight from religious leaders, governments and civil society.<br /> - Speaking at the presentation of Pope Leo's first encyclical, addressing the challenges posed by artificial intelligence, Chris Olah said there was "a real possibility" that AI will displace human labour "at very large scale".</p> <p><strong>Scared</strong><br /> - China is restricting overseas travel for top AI professionals in private firms, requiring them to get approval from relevant authorities before embarking on overseas travel.<br /> - The government is targeting talent within the AI sphere, including startup founders, researchers, and executives, and adding individuals to the list based on assessments of their critical importance to the country.<br /> - The restrictions risk undermining the ability of AI firms in China to recruit and retain talent, and may force engineers with global ambitions to choose between staying home or going abroad earlier in their careers.</p> <p><strong>CHIPS</strong><br /> - Micron topped a $1 trillion market value for the first time on Tuesday as shares popped 18%, driven by insatiable artificial intelligence demand for its memory chips.<br /> - The stock surge came as UBS tripled its price target on the stock from $535 to $1,625 a share, citing long-term agreement opportunities with partially fixed pricing.<br /> - “We believe the market will start to put a more ‘normal’ multiple on the stock and MU will continue to re-rate higher as more details emerge about the structural changes AI has driven to the entire memory complex,” the firm wrote.</p> <p><strong>SpaceX</strong><br /> - Lots of interest on this...<br /> - Lots of clients calling on this and we are working on this for them<br /> - Here is a bit of a reality check...<br /> --- First - company still losing billions of dollars - some may look past that<br /> - - Weird inclusion period for indices and that may take stock up due to required buying ahead of the inclusion (keeping a floor on prices in the beginning)<br /> ---- SpaceX plans to allow a large portion of its shares to become eligible for resale before the usual six-month restriction period post-IPO, under a staged system conditioned to the company's performance, a company filing shows.<br /> - The approach, designed to avoid a large wave of shares hitting the market at once, would depart from the standard 180-day lock-up that has prevailed in the U.S. Most companies going public restrict early investors from selling shares to help stabilize the stock.<br /> - Valuation somewhere between $1.5T and $2T (a year ago it was like $400 million)<br /> - Valuation in December was $750 M<br /> - Rationale for the big valuation: SpaceX is leveraging its satellite network to build massive, space-based AI data centers, which take advantage of limitless solar energy and off-planet cooling</p> <p><strong>Retail </strong><br /> - Ross Stores Inc. raised its sales and profit guidance after first-quarter results surpassed consensus estimates, aided by strong customer traffic among younger shoppers.<br /> - The company reported sales of $6.01 billion and earnings of $2.02 per share, with same-store sales growing 17% in the period, a record for Ross.<br /> - Ross now expects full-year same-store sales to grow 6% to 7%, and earnings of $7.50 to $7.74 per share, with executives citing increased customer traffic as a key driver of profit.</p> <p><strong>Meanwhile</strong><br /> - Walmart issued a worse-than-expected financial outlook amid soaring gas prices.<br /> - Finance chief John David Rainey said high tax returns may have muted some of the impact high gas prices had on shoppers in the first quarter, indicating consumer pressures could rise in the current quarter<br /> - The big-box retailer issued fiscal first-quarter results that beat Wall Street’s expectations on the top line but were only in line on the bottom.<br /> - The retailer said it’s expecting adjusted earnings per share to be between $2.75 and $2.85, lower than expectations of $2.91, according to LSEG.<br /> - Walmart said it anticipates net sales will rise between 3.5% and 4.5% for the year.</p> <p><strong>Ferrari - Electric</strong><br /> - Ferrari (RACE) is trading lower today after the company unveiled its first fully electric vehicle, the Ferrari Luce, marking a major strategic shift away from its traditional combustion-engine supercar identity.<br /> - The Luce is a four-door, five-seat ultra-luxury EV developed with former Apple (AAPL) design chief Jony Ive, featuring a quad-motor setup producing over 1,000 horsepower, a 0--60 mph time of roughly 2.5 seconds, and a price tag around $640,000.<br /> - Despite these headline-grabbing performance specs, investors reacted negatively because the design is seen as a sharp break from RACE's iconic styling, with many critics arguing it looks closer to a mass-market EV than a traditional Ferrari.</p> <p><strong>Saying goodbye</strong><br /> - One of America’s once-dominant beer brands is being discontinued after more than 175 years.<br /> - Schlitz Premium, a beer brand that traces its roots to Milwaukee in the 1840s and was once among the largest breweries in the country, is being put "on hiatus," parent company Pabst Brewing Co. confirmed Friday after Wisconsin Brewing Company announced it would brew the brand’s final batch later this month.<br /> - "Unfortunately, we have seen continued increases in our costs to store and ship certain products and have had to make the tough choice to place Schlitz Premium on hiatus," Zac Nadile, Pabst head of brand strategy, said in a statement to Milwaukee Magazine.</p> <hr /> <h4 style="text-align: center;"><b>Love the Show? </b>Then how about a Donation?</h4> <div align="center"> <form action="https://www.paypal.com/cgi-bin/webscr" method="post" target="_blank"><input title="PayPal - The safer, easier way to pay online!" alt="Donate" name="submit" src="https://www.paypal.com/en_US/i/btn/btn_donateCC_LG.gif" type="image" /><br /> <img decoding="async" src="https://www.paypal.com/en_US/i/scr/pixel.gif" alt="" width="1" height="1" border="0" /></form> </div> <p style="text-align: center;"><strong><img decoding="async" class="aligncenter" src="https://www.dhunplugged.com/wp-content/uploads/2013/08/dh_CTP.jpg" alt="dh_CTP" width="602" height="122" /></strong><a href="https://www.dhunplugged.com/CTP/salesforce/"><strong><br /> Announcing the THE CLOSEST TO THE PIN<br /> for SALESFORCE (CRM)<br /> </strong></a></p> <p>&#160;</p> <p style="text-align: center;"><strong>Winners will be getting great stuff like the new "OFFICIAL" DHUnplugged Shirt!</strong><strong><br /> </strong></p> <p>&#160;</p> <p>&#160;</p> <hr /> <p><strong>FED AND CRYPTO LIMERICKS</strong></p> <p>&#160;</p> <p></div></div></p> <hr /> <p style="text-align: center;">See this week’s stock picks <a href="https://www.dhunplugged.com/stock-page/"><strong>HERE</strong></a></p> <hr /> <p style="text-align: center;"><a href="http://twitter.com/THErealDVORAK"><strong>Follow John C. Dvorak on Twitter</strong></a></p> <p style="text-align: center;"><a href="http://twitter.com/andrewhorowitz"><strong>Follow Andrew Horowitz on Twitter</strong></a></p> <hr />

<p>&#8211; Happy Memorial Day<img decoding="async" class="alignright" src="https://www.dhunplugged.com/wp-content/uploads/2026/05/dh803bannwer.jpg" width="387" height="210" /></p> <p>&#8211; A WARM DHU welcome to Kevin Warsh &#8211; good luck fella, you are going to need it sir.</p> <p>&#8211; The new transient inflation.</p> <p>&#8211; Another BOARD? These guys like to make exclusive clubs&#8230;</p> <p>PLUS we are now on <strong><a href="https://open.spotify.com/show/30bQIjH9Gw4es27XYrYKJL">Spotify</a> and <a href="https://music.amazon.com/podcasts/79261e60-0492-43c0-b1a2-708ebeb4bd7e/DH-Unplugged">Amazon Music/Podcasts</a></strong>!</p> <hr /> <p><!--more--></p> <p style="text-align: center;"><div class="su-spoiler su-spoiler-style-fancy su-spoiler-icon-plus-circle su-spoiler-closed" data-scroll-offset="0" data-anchor-in-url="no"><div class="su-spoiler-title" tabindex="0" role="button"><span class="su-spoiler-icon"></span>Click HERE for Show Notes and Links</div><div class="su-spoiler-content su-u-clearfix su-u-trim"></p> <p style="text-align: center;"><span style="color: #ff0000;"><strong>DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar.</strong></span></p> <hr /> <h4 style="text-align: center;"><b>Love the Show? </b>Then how about a Donation?</h4> <div align="center"> <form action="https://www.paypal.com/cgi-bin/webscr" method="post" target="_blank"><input title="PayPal - The safer, easier way to pay online!" alt="Donate" name="submit" src="https://www.paypal.com/en_US/i/btn/btn_donateCC_LG.gif" type="image" /><br /> <img decoding="async" src="https://www.paypal.com/en_US/i/scr/pixel.gif" alt="" width="1" height="1" border="0" /></form> </div> <hr /> <p style="text-align: center;"><a href="http://twitter.com/THErealDVORAK"><strong>Follow John C. Dvorak on Twitter</strong></a></p> <p style="text-align: center;"><a href="http://twitter.com/andrewhorowitz"><strong>Follow Andrew Horowitz on Twitter</strong></a></p> <p><strong>Warm-Up<br /> </strong>- Happy Memorial Day<br /> - A WARM DHU welcome to Kevin Warsh - good luck fella, you are going to need it<br /> - The new transient inflation<br /> - Another BOARD? These guys like to make exclusive clubs...</p> <p><strong>Markets<br /> </strong>- Starting to come in a bit.....<br /> - Yield curve steepening - potential for a hike over cuts<br /> - YIELDS!<br /> - Fuels running low - we have the list</p> <p><strong>OH MY...</strong><br /> - The 30-year U.S. Treasury yield has surged to around 5.14%, putting it at its highest level since the run-up to the 2008 financial crisis<br /> - Bets are pricing in the increasingly possibility of it reaching 5.5% to 6%, which would mark the highest levels since late 1999<br /> - 30-Year mortgage near 6.35% (average) - DOWN from 6.91% at start of 2026</p> <p style="text-align: center;"><span class="su-lightbox" data-mfp-src="https://www.dhunplugged.com/wp-content/uploads/2026/05/30yr2.jpg" data-mfp-type="image" data-mobile="yes"><a href="https://www.dhunplugged.com" class="su-button su-button-style-default" style="color:#FFFFFF;background-color:#2D89EF;border-color:#246ec0;border-radius:5px" target="_self"><span style="color:#FFFFFF;padding:0px 16px;font-size:13px;line-height:26px;border-color:#6cadf4;border-radius:5px;text-shadow:none"> 30-Year Yield</span></a></span></p> <p><strong>Bored of Boards</strong><br /> - The Board of Peace - remember that one? That was established in 2025 with 15+ countries that pitched in $1 billion for permanent seat<br /> - Indefinitely chaired by President Trump, the governing board is a mix of U.S. officials and prominent American businessmen.<br /> - So much for the peace part of that....<br /> - Now we hear about the Board of Investment<br /> ---The US and China are discussing a mechanism for fast-tracking some Chinese investment deals and a reduction in tariffs on non-critical goods.<br /> - Treasury Secretary Scott Bessent mentioned a "Board of Investment" that will be responsible for investment in non-sensitive areas.<br /> - The idea of the "Board of Investment" is to have a mechanism that could allow deals that wouldn’t need to be referred to the Committee on Foreign Investment in the United States.<br /> - In other words - working outside of the established channels that primary function is to determine whether these transactions pose risks to U.S. national security.</p> <p><strong>IRAN</strong><br /> - On and off as usual<br /> - Cancelled a scheduled bombing?<br /> - President Trump speaking with reporters says he will know "soon" if U.S. needs to give Iran another big hit; says Gulf states are helping with negotiations; says Iran keeps agreeing to things and changing their mind; says Iran has 2-3 days to make a deal<br /> - This is the parental attempt to manupluate a child - I am going to count to THREE.... 1-2-3-4-5-6</p> <p><strong>China Trip</strong><br /> - Chinese President Xi Jinping warned U.S. President Donald Trump on Thursday that the U.S. and China “will have clashes and even conflicts” if the long-standing issue of Taiwan’s independence is mishandled.<br /> - Speaking just ahead of Trump, Xi noted the global attention on the meeting, and said a major question for the two countries was whether they could avoid the “Thucydides Trap,” according to an official English translation of his remarks broadcast by CCTV.<br /> - The <strong>Thucydides Trap</strong> refers to how tensions historically between a rising and ruling power have often resulted in a war.</p> <p><strong>Some Observations</strong><br /> - Veggie Prices are off the charts<br /> --- Cauliflower $9, Carrots $6 small bag (not organic)<br /> - - Favorite produce store noticed things going bad.... Realized that people are not buying stuff</p> <p><strong>PPI Inflation - HOTTTTTTTT</strong><br /> - Headline MoM: +1.4%<br /> - YoY: +6.0%<br /> - Core PPI (ex food &#38; energy): about +1.0% MoM<br /> - Energy was a big part, but services also saw a large move<br /> - Highest monthly increase since march 2022<br /> --- In reaction bonds are selling off - highest on 10 and 30 year since March 2024 (10 YR Broke above 4.65)</p> <p><strong>Outbreak</strong><br /> - An Ebola outbreak in the Democratic Republic of Congo and Uganda has been declared a public health emergency of international concern by the World Health Organization<br /> - 80 deaths were attributed to the disease.<br /> - Outbreak does not meet pandemic criteria, WHO says<br /> - Eight laboratory-confirmed cases and 246 suspected cases<br /> - At least six Americans in the DRC have been exposed to the Ebola virus, with three exposures deemed high risk</p> <p><strong>WHAT?</strong><br /> - One of the highest margin foods, pizza and pasta<br /> - Domino's Pizza, is among the pizza giants whose franchisees have filed for bankruptcy<br /> - Papa Johns: We have identified approximately 300 underperforming restaurants across North America that are not meeting brand expectations or lack a clear path to sustainable financial improvement, as well as locations where we can effectively transfer sales to a nearby restaurant<br /> - Pizza Hut, which also hasn't filed for bankruptcy (YET) , won't be left out of closings as the company's parent Yum! Brands in February said that it would close 250 underperforming locations as part of its Hut Forward plan in the first half of 2026.<br /> - PZZA down 65% over the past 5 years<br /> - The Papa John's board formally ousted founder and former CEO John "Papa" John" Schnatter in a series of steps culminating in July 2018 and March 2019</p> <p><strong>BONDS - Yields Spiking</strong><br /> - U.S. Treasury yields spiked on Friday following a week of messy inflation data and as traders looked to price interest rate policy under new Federal Reserve Chair Kevin Warsh.<br /> - The yield on the 30-year bond jumped nearly 11 basis points to yield 5.121%, the highest since May 22, 2025, and nearing the highest since October 2023.<br /> - Japanese long-term bond yields have surged to multi-decade highs, with the 10-year Japanese Government Bond (JGB) hitting 2.8%—its highest level since October 1996</p> <p><strong>M&#38;A Utilities</strong><br /> - U.S. power companies NextEra Energy and Dominion Energy announced a plan to merge on Monday in a $66.8 billion deal that ?will form one of the <span style="text-decoration: underline;">world's largest electric utilities</span> during an expansion of energy-intensive data centers to support artificial intelligence.<br /> - The all-stock transaction, which is pending ?regulatory approvals, is one of the largest-ever energy mergers.<br /> - Industry consolidation -<br /> -- This year, AES Corp agreed to be acquired by a consortium led by Global Infrastructure Partners and Swedish ?private-equity firm EQT AB for $33.4 billion.<br /> ---- That followed Constellation Energy's $16 billion deal with Calpine and Blackstone's $11.5 billion deal for TXNM Energy last year.</p> <p><strong>SOYBEANS</strong><br /> - Trump's visit to China yielded little in the way of anything<br /> - The United States expects China to sign up to buy "double-digit billions" worth of U.S. farm goods following a summit between Presidents Donald ?Trump and Xi Jinping in Beijing, U.S. Trade Representative Jamieson Greer said on ?Friday.<br /> - Greer noted the 25 million metric ton per year soybean deal agreed last October and said the U.S. also expects to "see an agreement for double-digit billion purchases of ags over the next three years per year ?coming out of this visit."<br /> - Soybeans and other commodity prices moved higher on Monday as the news was disseminated.</p> <p><strong>CHYNA Deals?</strong><br /> - Looks like Boeing got an order of 200 more planes from China.<br /> ---- The problem is that was much less that was expected<br /> -- Boeing was down on the news.<br /> - Some murmurs about China buying more energy (oil, gas) from US<br /> - - - There was also something said about President Xi asking about the US intentions of Taiwan</p> <p><strong>Bessent - Transitory</strong><br /> - Even with recent inflation news universally bad, Treasury Secretary Scott Bessent expects price pressures to ease soon, just in time for new Fed Chair Kevin Warsh to take over.<br /> -- Why are we listening to this crew? They have been wrong about everything - but say it with such confidence.<br /> - WAIT FOR IT......<br /> - “I firmly believe that nothing is more <strong>transient</strong> than a supply shock, and we can, we can look through that, because before the Iranian conflict began, core inflation was coming down.<br /> - He noted that he sees substantial disinflation ahead<br /> ----- IF there is substantial disinflation that would be bad news as the economy will be slowing precipitously - could be problematic - so it is not clear what he is so excited about</p> <p><strong>Earnings</strong><br /> - NVDA is going to be position earnings Wednesday after the close<br /> - So far Semiconductor companies and storage companies have been saying that the orders keep flowing in and<br /> -  Wall Street analysts project EPS of $1.78 on revenue of $79.2 billion, representing a year-over-year revenue increase of roughly 80%.</p> <p><strong>Open AI - Musk</strong><br /> - R0und 1- Musk looses on what looks to be a technicality<br /> - Perhaps jurors were miffed that he skipped closing arguments and went to China instead (to be the the Trump Posse)<br /> - Naturally he is already discussing appeal</p> <p><strong>Even more Create Financing</strong><br /> - Google (GOOG/GOOGL) and Blackstone (BX) are drawing significant investor attention following the announcement of TPU Cloud, a new U.S.-based joint venture designed to commercialize GOOG's Tensor Processing Unit infrastructure at greater scale.<br /> - The partnership underscores the accelerating arms race in AI infrastructure, while also highlighting how hyperscalers are increasingly turning to alternative financing structures to fund the enormous capital requirements tied to next-generation AI compute expansion.</p> <p><strong>Fuel Shortages</strong><br /> - In case anyone thought otherwise - the Straight is till closed.</p> <p><strong>Fuel Running Low</strong><br /> - India: Severe LPG (cooking gas) shortages, rationing in many areas<br /> - Pakistan &#38; Bangladesh: Critical LPG and diesel shortages<br /> - Southeast Asia (Thailand, Vietnam, Philippines, Indonesia, Malaysia): Jet fuel &#38; diesel shortages, flight cuts<br /> - South Korea &#38; Taiwan: Tight jet fuel and refined product stocks<br /> - Europe (especially UK): Jet fuel critically low, risk of flight cancellations<br /> - Africa (South Africa, Nigeria, parts of East Africa): Jet fuel and import shortages<br /> - CUBA - OUT</p> <p><strong>Cooking Fuel (LPG) Shortages</strong><br /> - India: Severe shortages, long queues, rationing<br /> - Pakistan: Critical LPG shortage, heavy rationing<br /> - Bangladesh: Major shortages, price spikes<br /> - Nepal &#38; Sri Lanka: Supply cuts, half-filled cylinders common<br /> - Southeast Asia (Indonesia, Philippines, Thailand, etc.): Tight supplies and high prices<br /> - Africa: Sharp price increases, reduced affordability<br /> - Europe/US: Mostly higher prices, no major physical shortages</p> <hr /> <h4 style="text-align: center;"><b>Love the Show? </b>Then how about a Donation?</h4> <div align="center"> <form action="https://www.paypal.com/cgi-bin/webscr" method="post" target="_blank"><input title="PayPal - The safer, easier way to pay online!" alt="Donate" name="submit" src="https://www.paypal.com/en_US/i/btn/btn_donateCC_LG.gif" type="image" /><br /> <img decoding="async" src="https://www.paypal.com/en_US/i/scr/pixel.gif" alt="" width="1" height="1" border="0" /></form> </div> <p style="text-align: center;"><strong><img decoding="async" class="aligncenter" src="https://www.dhunplugged.com/wp-content/uploads/2013/08/dh_CTP.jpg" alt="dh_CTP" width="602" height="122" /></strong><a href="https://www.dhunplugged.com/CTP/salesforce/"><strong><br /> Announcing the THE CLOSEST TO THE PIN<br /> for SALESFORCE (CRM)<br /> </strong></a></p> <p>&#160;</p> <p style="text-align: center;"><strong>Winners will be getting great stuff like the new "OFFICIAL" DHUnplugged Shirt!</strong><strong><br /> </strong></p> <p>&#160;</p> <p>&#160;</p> <hr /> <p><strong>FED AND CRYPTO LIMERICKS</strong></p> <p>&#160;</p> <p></div></div></p> <hr /> <p style="text-align: center;">See this week’s stock picks <a href="https://www.dhunplugged.com/stock-page/"><strong>HERE</strong></a></p> <hr /> <p style="text-align: center;"><a href="http://twitter.com/THErealDVORAK"><strong>Follow John C. Dvorak on Twitter</strong></a></p> <p style="text-align: center;"><a href="http://twitter.com/andrewhorowitz"><strong>Follow Andrew Horowitz on Twitter</strong></a></p> <hr />

<p>A torn Meniscus &#8211; that is what they say&#8230; now what?<img decoding="async" class="alignright" src="https://www.dhunplugged.com/wp-content/uploads/2026/05/dh_802_banner.jpg" width="455" height="247" /></p> <p>The beginning of UBI as a response from the AI boom?</p> <p>Black in packaging &#8211; byproduct of war</p> <p><strong>Markets &#8211; </strong>&#8211; Up up and away!<br /> &#8211; New inflation data is in&#8230;<br /> &#8211; The Circular Economy &#8211; Great chart&#8230;.<br /> &#8211; Some inflation facts</p> <p>PLUS we are now on <strong><a href="https://open.spotify.com/show/30bQIjH9Gw4es27XYrYKJL">Spotify</a> and <a href="https://music.amazon.com/podcasts/79261e60-0492-43c0-b1a2-708ebeb4bd7e/DH-Unplugged">Amazon Music/Podcasts</a></strong>!</p> <hr /> <p><!--more--></p> <p style="text-align: center;"><div class="su-spoiler su-spoiler-style-fancy su-spoiler-icon-plus-circle su-spoiler-closed" data-scroll-offset="0" data-anchor-in-url="no"><div class="su-spoiler-title" tabindex="0" role="button"><span class="su-spoiler-icon"></span>Click HERE for Show Notes and Links</div><div class="su-spoiler-content su-u-clearfix su-u-trim"></p> <p style="text-align: center;"><span style="color: #ff0000;"><strong>DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar.</strong></span></p> <hr /> <h4 style="text-align: center;"><b>Love the Show? </b>Then how about a Donation?</h4> <div align="center"> <form action="https://www.paypal.com/cgi-bin/webscr" method="post" target="_blank"><input title="PayPal - The safer, easier way to pay online!" alt="Donate" name="submit" src="https://www.paypal.com/en_US/i/btn/btn_donateCC_LG.gif" type="image" /><br /> <img decoding="async" src="https://www.paypal.com/en_US/i/scr/pixel.gif" alt="" width="1" height="1" border="0" /></form> </div> <hr /> <p style="text-align: center;"><a href="http://twitter.com/THErealDVORAK"><strong>Follow John C. Dvorak on Twitter</strong></a></p> <p style="text-align: center;"><a href="http://twitter.com/andrewhorowitz"><strong>Follow Andrew Horowitz on Twitter</strong></a></p> <p><strong>Warm-Up<br /> </strong>- Torn Meniscus - that is what they say... now what?<br /> - The beginning of UBI as a response from the AI boom?<br /> - Black in packaging - byproduct of war<br /> - Insights into consumer confidence reports</p> <p><strong>Markets<br /> </strong>- Up up and away!<br /> - New inflation data is in...<br /> - The Circular Economy - Great chart....<br /> - Some inflation facts<br /> - From the TACO trade to the NACHO trade</p> <p><span style="color: #000000;"><strong>The new CTP for Salesforce is open for entries!</strong></span></p> <p><strong>From TACO to NACHO</strong><br /> - Not A Chance Hormuz Opens<br /> - - New phrase being used in the oil pits and trading floors</p> <p><strong>Life Support</strong><br /> - President Trump tells reporters that ceasefire with Iran is on "massive life support"; says Iran's peace proposal was a "piece of garbage"</p> <p><strong>Going to CHYNA</strong><br /> - President Donald Trump has invited executives from some of the biggest U.S. companies — including Tesla CEO Elon Musk, Apple CEO Tim Cook, BlackRock’s CEO Larry Fink and Boeing CEO Kelly Ortberg — to join his trip to China this week, according to a White House official.<br /> - Also expected to join Trump’s delegation for meetings with Chinese President Xi Jinping are Blackstone’s Stephen Schwarzman, Cargill’s Brian Sikes, Citigroup’s Jane Fraser, Coherent’s Jim Anderson, GE Aerospace’s H. Lawrence Culp Jr., Goldman Sachs’s David Solomon, Illumina’s Jacob Thaysen, Mastercard’s Michael Miebach, Meta Platforms executive Dina Powell McCormick, Micron Technology’s Sanjay Mehrotra, Qualcomm’s Cristiano Amon and Visa’s Ryan McInerney, the official said, speaking on condition of anonymity because the list has not been announced.<br /> - Jensen Huang supposedly not invited</p> <p><strong>Inflation Report Today</strong><br /> - Total CPI increased 0.6% month-over-month in April, as expected, following a 0.9% increase in March. That left total CPI up 3.8% year-over-year versus 3.3% in March.<br /> - Core CPI, which excludes food and energy, jumped 0.4% month-over-month (Briefing.com consensus: 0.4%) following a 0.2% increase in March. That left core - CPI up 2.8% year-over-year versus 2.6% in March.<br /> ----Key Factors<br /> - The food index was up 0.5% month-over-month and up 3.2% year-over-year.<br /> - The energy index was up 3.8% month-over-month and up 17.9% year-over-year.<br /> - The shelter index was up 0.6% month-over-month and up 3.3% year-over-year.<br /> - The used cars and trucks index was flat month-over-month and down 2.7% year-over-year.<br /> - The apparel index was up 0.6% month-over-month and up 4.2% year-over-year.<br /> - The services index was up 0.6% month-over-month and up 3.4% year-over-year (services less rent of shelter was up 3.5% year-over-year).<br /> - The all items index less food, shelter, and energy was up 0.2% month-over-month and up 2.3% year-over-year.</p> <p><strong>Consumer Confidence</strong><br /> - Surging gas prices due to the Iran war sent consumer sentiment to a new low in the early part of May, according to a University of Michigan survey Friday.<br /> “Taken together, consumers continue to feel buffeted by cost pressures, led by soaring prices at the pump,” the survey’s director, Joanne Hsu, said.<br /> - The latest University of Michigan Consumer Sentiment preliminary reading for May came in at 48.2, below the 50.5 consensus estimate and below the prior 49.8 final reading for April.<br /> ---Note: Conference board's consumer confidence reading was actually better than last month so there is a discrepancy in reports.<br /> - Conference Board measure as highly important because it is widely followed and often tied closely to labor-market perceptions, while the Michigan survey is also closely watched for inflation-sensitive consumer attitudes.</p> <p><strong>Thwarted!</strong><br /> - Google’s Threat Intelligence Group said hackers are using AI models such as OpenClaw to uncover and exploit zero-day software vulnerabilities.<br /> - GTIG said it has “high confidence” that it recorded hackers using an AI model to find and exploit a zero-day vulnerability, or a software flaw unknown to developers, creating a way to bypass two-factor authentication.<br /> -The group said in a report that it had uncovered and likely thwarted an AI-developed attack.<br /> - Anthropic delayed its Mythos model rollout due to cybersecurity concerns, but current models are being used by hackers.<br /> - How are we going to stop the hackers from using powerful AI models to hack?</p> <p><strong>Circular Economy</strong><br /> - Great Graphic</p> <p style="text-align: center;"><span class="su-lightbox" data-mfp-src="https://www.dhunplugged.com/wp-content/uploads/2035/10/circluareconomy.jpg" data-mfp-type="image" data-mobile="yes"><a href="https://www.dhunplugged.com" class="su-button su-button-style-default" style="color:#FFFFFF;background-color:#2D89EF;border-color:#246ec0;border-radius:5px" target="_self"><span style="color:#FFFFFF;padding:0px 16px;font-size:13px;line-height:26px;border-color:#6cadf4;border-radius:5px;text-shadow:none"> Circular</span></a></span></p> <p><strong>Always Money to be made...</strong><br /> - US derivatives exchange CME Group Inc. and index provider Silicon Data are teaming up to create a futures market for computing power.<br /> - The futures will help traders, financial firms, AI builders and cloud providers manage volatility and price swings, according to a statement.<br /> - CME CEO Terry Duffy said compute is "the new oil of the 21st century" and creating a futures market can help make the costs more transparent.<br /> ----- One more way to pump this as now there is ways to further inflate costs through a leveraged futures market</p> <p><strong>Private Credit Transparency?</strong><br /> - Faster mark-to-market plans<br /> - Apollo Global Management Inc. has been stepping up efforts to provide liquidity and price transparency in the private-credit market, where assets don’t typically change hands.<br /> - Last week, the firm said more than $830 billion of its credit assets will be priced <strong>daily</strong> by the end of September. "<br /> - Others in the industry are not so happy about this.<br /> - Most say that this is little more that lipstick on a pig</p> <p><strong>No Problem</strong><br /> - Congress is looking to suspend the federal gas tax for a few months<br /> - Trump backing<br /> - $0.18 per gallon tax in a effort to reduce gas prices that are now approx $4.40 average per gallon higher than before the war<br /> - War not changed, Iran still stringing us along.<br /> - Under/Over how long it will take until next Ceasefire bombings start?<br /> - Will a sprinkle of warfare prior to China visit be in the cards as a show of strength?</p> <p><strong>AI Jobs</strong><br /> - Kevin Hassett says that AI isn't costing anybody their jobs rights now<br /> - EVEN THOUGH TECH CONTINUES LAYOFFS<br /> - Why bother even listening to these guys?<br /> - Major deep discussion on this on TDI Podcast this week<br /> -- WORTH THE LISTEN</p> <p><strong>Asian Markets</strong><br /> - Continuing to brush off any worries about oil prices, escalation or valuations that are in the stratosphere<br /> - Korea - as we discussed this would be the case is up a staggering 78% last year and already up 81% this year<br /> - Market cap has increased $2.7 trillion over the past year<br /> - The massive wealth increase has been heavily concentrated. Tech giants Samsung Electronics and SK Hynix accounted for the vast majority of the gains, with individual rallies of up to 382% over the year.</p> <p><strong>Strange</strong><br /> - The retail trades added nearly 22,000 jobs in April, accounting for almost one-fifth of total job growth.<br /> - In March, retailers posted their largest number of monthly job openings since 2023.<br /> - Retailers are more confident after seeing consumers keep their wallets open in the face of an uncertain economy and higher gas prices.<br /> - Nearly 15.5 million employees now hold retail industry jobs, the most since July 2024.<br /> - What is strange is the UMich confidence hit another all-time low last Friday for the latest prelim reading for the month</p> <p><strong>ANALlysts</strong><br /> - The earnings upgrades for tech are not just incremental<br /> - Examples:<br /> -  Seagate Tech target raised to $1000 from $750 at Evercore ISI, cites HAMR-driven multi-year HDD growth, pricing power, and strong AI/data center demand backdrop<br /> - AMD - Goldman Sachs upgraded to Buy and raised its price target dramatically (e.g., to $450 from $240). Other firms like Bernstein (to $525), Barclays, KeyBanc, TD Cowen, and Baird also hiked targets significantly (many by $200+)<br /> - Several other names upgrades with big ranges of price increases</p> <p><strong>UBI Starting...?</strong><br /> - South Korea should consider institutional ways to redistribute potential excess tax revenue generated by the AI infrastructure boom to help ease inequalities that could deepen in an AI-driven era, a top presidential policy aide said.<br /> - President Kim proposed the principle, tentatively named a “<span style="text-decoration: underline;">national dividend</span>,” underlining that gains from AI infrastructure should be understood as the product of South Korea’s collectively built industrial foundation.<br /> - In his Facebook post on Monday, Kim explained that "the central question of the AI era is not simply about growth rates, but about how to socially stabilize excess profits."</p> <p><strong>Black ink</strong><br /> - Calbee to switch its brightly colored packaging to black and white because war has disrupted supply of certain raw materials used in ink<br /> - Calbee, whose potato chip brands in particular are known for brightly colored bag designs, said 14 of its products would switch to monochrome branding by the end of May.<br /> - Printing ink requires naphtha, an oil derivative for which Japan relies on imports from the Middle East for about 40% of its consumption.</p> <p style="text-align: center;"><span class="su-lightbox" data-mfp-src="https://www.dhunplugged.com/wp-content/uploads/2026/05/calbeechips.jpg" data-mfp-type="image" data-mobile="yes"><a href="https://www.dhunplugged.com" class="su-button su-button-style-default" style="color:#FFFFFF;background-color:#2D89EF;border-color:#246ec0;border-radius:5px" target="_self"><span style="color:#FFFFFF;padding:0px 16px;font-size:13px;line-height:26px;border-color:#6cadf4;border-radius:5px;text-shadow:none"> Black Ink Printing</span></a></span></p> <p><strong>HantaVirus</strong><br /> - Tristan da Cunha, home to only around 200 people, is halfway between South Africa and South America. It is the world's remotest inhabited island, more than 2,400 km and a six-day boat ride from St Helena, its nearest inhabited neighbor.<br /> - It usually relies on a medical team of two people for its health needs, and is normally only accessible by boat as it has no airstrip.<br /> - A British man was dropped from the death ship was there and has the symptoms - so "out of an abundance of caution...."<br /> - "The arrival of paratroopers, medical personnel and medical supplies from the sky has hopefully reassured the people of Tristan da Cunha," said Brigadier Ed Cartwright, Officer Commanding 16 Air Assault Brigade.<br /> <em><strong>- Does this give comfort that paratroopers dropping in with hazmat suits?</strong></em></p> <p>&#160;</p> <p>&#160;</p> <hr /> <h4 style="text-align: center;"><b>Love the Show? </b>Then how about a Donation?</h4> <div align="center"> <form action="https://www.paypal.com/cgi-bin/webscr" method="post" target="_blank"><input title="PayPal - The safer, easier way to pay online!" alt="Donate" name="submit" src="https://www.paypal.com/en_US/i/btn/btn_donateCC_LG.gif" type="image" /><br /> <img decoding="async" src="https://www.paypal.com/en_US/i/scr/pixel.gif" alt="" width="1" height="1" border="0" /></form> </div> <p style="text-align: center;"><strong><img decoding="async" class="aligncenter" src="https://www.dhunplugged.com/wp-content/uploads/2013/08/dh_CTP.jpg" alt="dh_CTP" width="602" height="122" /></strong><a href="https://www.dhunplugged.com/CTP/salesforce/"><strong><br /> Announcing the THE CLOSEST TO THE PIN<br /> for SALESFORCE (CRM)<br /> </strong></a></p> <p>&#160;</p> <p style="text-align: center;"><strong>Winners will be getting great stuff like the new "OFFICIAL" DHUnplugged Shirt!</strong><strong><br /> </strong></p> <p>&#160;</p> <p>&#160;</p> <hr /> <p><strong>FED AND CRYPTO LIMERICKS</strong></p> <p>&#160;</p> <p></div></div></p> <hr /> <p style="text-align: center;">See this week’s stock picks <a href="https://www.dhunplugged.com/stock-page/"><strong>HERE</strong></a></p> <hr /> <p style="text-align: center;"><a href="http://twitter.com/THErealDVORAK"><strong>Follow John C. 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<p>Good overall earnings season &#8211; still going strong<img decoding="async" class="alignright" src="https://www.dhunplugged.com/wp-content/uploads/2026/05/dh_801_banner.jpg" width="425" height="231" /></p> <p>Economic reports show a mixed picture &#8211; but still good enough</p> <p>Semi-annual earnings report option gaining steam</p> <p>Saying goodbye to Spirit Airlines</p> <p><strong>Markets</strong></p> <p>PLUS we are now on <strong><a href="https://open.spotify.com/show/30bQIjH9Gw4es27XYrYKJL">Spotify</a> and <a href="https://music.amazon.com/podcasts/79261e60-0492-43c0-b1a2-708ebeb4bd7e/DH-Unplugged">Amazon Music/Podcasts</a></strong>!</p> <hr /> <p><!--more--></p> <p style="text-align: center;"><div class="su-spoiler su-spoiler-style-fancy su-spoiler-icon-plus-circle su-spoiler-closed" data-scroll-offset="0" data-anchor-in-url="no"><div class="su-spoiler-title" tabindex="0" role="button"><span class="su-spoiler-icon"></span>Click HERE for Show Notes and Links</div><div class="su-spoiler-content su-u-clearfix su-u-trim"></p> <p style="text-align: center;"><span style="color: #ff0000;"><strong>DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar.</strong></span></p> <hr /> <h4 style="text-align: center;"><b>Love the Show? </b>Then how about a Donation?</h4> <div align="center"> <form action="https://www.paypal.com/cgi-bin/webscr" method="post" target="_blank"><input title="PayPal - The safer, easier way to pay online!" alt="Donate" name="submit" src="https://www.paypal.com/en_US/i/btn/btn_donateCC_LG.gif" type="image" /><br /> <img decoding="async" src="https://www.paypal.com/en_US/i/scr/pixel.gif" alt="" width="1" height="1" border="0" /></form> </div> <hr /> <p style="text-align: center;"><a href="http://twitter.com/THErealDVORAK"><strong>Follow John C. Dvorak on Twitter</strong></a></p> <p style="text-align: center;"><a href="http://twitter.com/andrewhorowitz"><strong>Follow Andrew Horowitz on Twitter</strong></a></p> <p><strong>Warm-Up<br /> </strong>- Good overall earnings season - still going strong<br /> - Economic reports show a mixed picture - but still good enough<br /> - Semi-annual earnings report option gaining steam<br /> - Saying goodbye to Spirit Airlines<br /> - EGGS - Breaking News!</p> <p><strong>Markets<br /> </strong>- Are markets riding tariff refund wave?<br /> - Oil shoots up then slips back after Iran tensions rise and fall<br /> - New Highs - NAZ100 powering ahead<br /> - Huge Capex and OBBBA</p> <p><strong>NEED A NEW CTP<br /> </strong>- CMG (last time was 2017)</p> <p><strong>Ship Sailing</strong><br /> - Seems that under the protection of the USA - a Maersk ship passed through the Strait<br /> - But how many can they do a day like this?<br /> - Oil down after a huge spike yesterday due to IRAN striking UAE</p> <p><strong>Big Shakeup</strong><br /> - US transportation stocks plunged after Amazon announced expanded logistics offerings that will turn it into a major competitor for parcel carriers and air freight companies.<br /> - The move is a threat not just to other couriers' grasp on e-commerce, but potentially to more profitable areas such as healthcare, which UPS and FedEx have made a central part of their strategies.<br /> - Amazon will offer freight, distribution and fulfillment, and parcel shipping to standalone customers, and its announcement "could be a watershed moment for North American freight transportation companies," according to Morgan Stanley analyst Ravi Shanker.<br /> - FedEx Corp. shares fell 9.1% in their worst day in more than a year, while rival United Parcel Service Inc. dropped more than 10%.<br /> -- Logistics firms Forward Air Corp. and GXO Logistics Inc. suffered double-digit declines. Old Dominion Freight Line Inc., among other truckers, slid almost 7%.<br /> --- FYI - Did you know... last year there was a total of 23.9 BILLION packages shipped in the US. 25% was delivered by Amazon, Fed and UPS delivered a third.</p> <p><strong>Off the Hook - Chump Change</strong><br /> - Elon Musk agreed to pay $1.5 million to settle Securities and Exchange Commission allegations that he cheated Twitter shareholders by failing to properly disclose his growing stake in the social media company.<br /> - An Elon Musk revocable trust would pay the penalty to end the SEC’s lawsuit, which is still subject to court approval, and Musk didn’t admit to the regulator’s allegations.<br /> - The SEC said the deal would be the largest penalty the agency has levied against an entity or individual for allegedly failing to file a beneficial ownership report on time, but Musk’s attorney called it a “small fine”.<br /> - Musk didn’t admit to the regulator’s allegations, according to a filing on Monday.</p> <p><strong>This could be something...</strong><br /> - Sonos Inc. shares climbed after reporting revenue that jumped 8% and said that it is filing for <strong>tariff refunds totaling $40 million.</strong><br /> - The company reported second quarter revenue of $282 million, up 8% year over year, and strong growth in international markets.<br /> - Sonos is forecasting adjusted earnings before interest, taxes, depreciation, and amortization between $20 million and $48 million for the current quarter<br /> - Are markets riding higher also on the tariff refunds?<br /> ---- The US government is paying back up to $166 billion in revenue it collected through sweeping global tariffs that were struck down by the Supreme Court in February, with the first payments set to go out on May 11.</p> <p><strong>AND</strong><br /> - General Motors raised its 2026 guidance after significantly beating Wall Street’s first-quarter earnings expectations following a roughly <strong>$500 million benefit from the U.S. Supreme Court decision to terminate and refund certain levies AKA</strong> - tariffs.</p> <p><strong>OPEC?<br /> </strong>- In an unexpected announcement - The United Arab Emirates will exit OPEC on May 1, in a major blow to the cartel that coordinates production among many of the world’s largest oil producers, particularly those in the Middle East.<br /> - OPEC+ to raise June output quotas by 188,000 bpd<br /> - Most members cannot meet targets due to Hormuz closure<br /> - Quota increase removes UAE share after it left OPEC+ and OPEC (so just a make-up)<br /> - Meanwhile, they cannot meet the iutput as no place to put the oil....<br /> --- This all looks and sounds good but there is no substance.<br /> ---- Saudi Arabia produces 10 million barrels a day (Biggest in OPEC). USA produces 13 Million ....</p> <p><strong>Spirit Airlines</strong><br /> - Goodbye - shutdown Saturday night at 3PM<br /> - The administration had floated a last-ditch bailout that would have given the federal government a controlling stake in the airline, but the proposal stalled amid resistance from key creditors, whose approval would have been required for the deal to go through.<br /> - Meanwhile, most ticket holders will get refunds.<br /> --- Already Jetblue and others are looking to fill the void by offering more flights from airports that Spirit serviced.<br /> -- Takes a low cost alternative off the market and potentially will be a negative for consumers - less competition - WHICH IS EXACTLY WHAT BIDEN ADMINISTRATION DID NOT WANT BY BLOCKING JETBLUE MERGER</p> <p><strong>JC - are you listening??</strong><br /> - Duolingo beats Q1 revenue estimates, driven by 21% growth in paid subscribers<br /> - CFO Gillian Munson says investments target long-term user retention<br /> - Duolingo aims for 100 million daily active users by 2028<br /> - Guided a bit lower and a strategy shift toward prioritizing user experience and long-term retention over near-term monetization, as it invests in product quality and engagement to build a larger base of paying subscribers. (DUMB?)<br /> - Share down 8%</p> <p><strong>CHIPS</strong><br /> - Samsung Electronics reported an over eightfold increase in first-quarter operating profits on Thursday, hitting a new record and beating analysts’ estimates on the explosive growth of its chip business.<br /> -  Revenue: 133.9 trillion Korean won ($89.96 billion) vs. 132.69 trillion won expected<br /> - Operating profit: 57.2 trillion won vs. 55.28 trillion won expected<br /> - The South Korean technology giant’s quarterly profit climbed more than 750% from a year earlier to a fresh record.<br /> - The company also posted record revenue, up about 70% year over year.</p> <p><span style="color: #ff0000;"><strong>AMD Reports</strong><em><strong><br /> </strong></em></span>Conf Call: AMD paired strong current-quarter execution with a more ambitious long-term AI and server CPU outlook. The biggest positives were the stronger EPYC trajectory, rising confidence in MI450/Helios demand, and the upgraded server CPU TAM view.<br /> - The company now sees the server CPU TAM growing more than 35% annually to over $120 billion by 2030, up from its prior long-term view.<br /> - The main caution points were second-half PC and Gaming demand pressure from higher memory and component costs.<br /> - Margins 55%<br /> - Stock up 15% AH</p> <p><strong>Apple Chips Deal?</strong><br /> - Apple Inc. has held exploratory discussions with Intel Corp. and Samsung Electronics Co. about producing main processors for its devices in the US, as a secondary option beyond Taiwan Semiconductor Manufacturing Co.<br /> - The discussions with Intel and Samsung are preliminary and have not resulted in any orders, with Apple having concerns about using non-TSMC technology.<br /> - Apple is considering additional suppliers due to supply-chain disruptions, including recent shortages driven by the build-out of AI data centers and higher demand for Macs, with CEO Tim Cook saying the company has less flexibility in the supply chain than normal.<br /> - Discussions - yet Intel up 14% on the  news (after a 100% run in April)</p> <p>Flashback - 2 weeks<br /> - Remember when OpenAi came out with some news that they missed revenue and user growth goals?<br /> - Took down tech for a day a couple of weeks ago....</p> <p><strong>Tech earnings</strong><br /> - Overall tech earnings were solid.<br /> - Bbig takeaway is that the group (MAG7) are still spending a buttload on expansion into AI etc. Capex $$$$<br /> - Meta was hit on theor outlook (which is why they came back and announced further layoffs)</p> <p><strong>AI Layoffs</strong><br /> - Recall - "AI will not take jobs"<br /> - More announced this week - Coinbase today<br /> <strong>- How long until the robots take over?</strong><br /> - Recent Announcements</p> <p style="text-align: center;"><span class="su-lightbox" data-mfp-src="https://www.dhunplugged.com/wp-content/uploads/2026/05/aijobcuts.png" data-mfp-type="image" data-mobile="yes"><a href="https://www.dhunplugged.com" class="su-button su-button-style-default" style="color:#FFFFFF;background-color:#2D89EF;border-color:#246ec0;border-radius:5px" target="_self"><span style="color:#FFFFFF;padding:0px 16px;font-size:13px;line-height:26px;border-color:#6cadf4;border-radius:5px;text-shadow:none"> AI Job Cuts</span></a></span></p> <p><strong>EGGS</strong><br /> - Consumption of eggs is associated with a lower risk of being diagnosed with Alzheimer's Disease for those 65 years and older, according to researchers at Loma Linda University Health<br /> - Eating one egg per day for at least five days a week reduces risk of Alzheimer’s by up to 27%, researchers found.<br /> --- More: Eggs are known to be a source of key nutrients that support brain health. Sabaté said. Eggs provide choline, a precursor to acetylcholine and phosphatidylcholine, both of which are critical for memory and synaptic function, the study stated. Eggs also contain lutein and zeaxanthin—carotenoids that accumulate in brain tissue and are associated with improved cognitive performance and reduced oxidative stress. Eggs also contain key omega-3 fatty acids, and yolks are particularly rich in phospholipids, which constitute nearly 30% of total egg lipids and are essential for neurotransmitter receptor function.</p> <p><strong>LIV Losing Saudi Arabia</strong><br /> - LIV Golf will lose its financial backing from Saudi Arabia's Public Investment Fund after the 2026 season, the fund announced Thursday.<br /> - "PIF has made the decision to fund LIV Golf only for the remainder of the 2026 season," a representative for the PIF, Saudi Arabia's sovereign wealth fund chaired by Crown Prince Mohammed bin Salman, told ABC News on Thursday.<br /> - "The substantial investment required by LIV Golf over a longer term is no longer consistent with the current phase of PIF's investment strategy," the statement continued. "This decision has been made in light of PIF's investment priorities and current macro dynamics.<br /> - Looking for Private Equity to step in</p> <p><strong>Cars</strong><br /> - The Beijing Auto Show that opened to the public this week is a showcase for how hypercompetition in China has driven new car prices in the world's largest car market to ?a fraction of the level of the next-largest market, the U.S.<br /> - In China, there are more than 200 battery-powered models, including hybrids, for sale at less than the equivalent of $25,000, according to DCar, an information and trading platform.<br /> - Plenty at the $10k - $12k level</p> <p><strong>Death Squads</strong><br /> - Friday, The White house announced plans to add firing squads, electrocution and gas asphyxiation as alternative methods of executing people convicted of the gravest federal crimes<br /> - Only THREE federal executions in the last 50 years</p> <p>Weekly Picks Ideas</p> <p><strong>Worst Stocks this Year</strong></p> <p style="text-align: center;"><span class="su-lightbox" data-mfp-src="https://www.dhunplugged.com/wp-content/uploads/2026/05/worststocks.png" data-mfp-type="image" data-mobile="yes"><a href="https://www.dhunplugged.com" class="su-button su-button-style-default" style="color:#FFFFFF;background-color:#2D89EF;border-color:#246ec0;border-radius:5px" target="_self"><span style="color:#FFFFFF;padding:0px 16px;font-size:13px;line-height:26px;border-color:#6cadf4;border-radius:5px;text-shadow:none"> Worst Stocks</span></a></span></p> <p>&#160;</p> <hr /> <h4 style="text-align: center;"><b>Love the Show? </b>Then how about a Donation?</h4> <div align="center"> <form action="https://www.paypal.com/cgi-bin/webscr" method="post" target="_blank"><input title="PayPal - The safer, easier way to pay online!" alt="Donate" name="submit" src="https://www.paypal.com/en_US/i/btn/btn_donateCC_LG.gif" type="image" /><br /> <img decoding="async" src="https://www.paypal.com/en_US/i/scr/pixel.gif" alt="" width="1" height="1" border="0" /></form> </div> <p style="text-align: center;"><strong><img decoding="async" class="aligncenter" src="https://www.dhunplugged.com/wp-content/uploads/2013/08/dh_CTP.jpg" alt="dh_CTP" width="602" height="122" /></strong><a href="https://www.dhunplugged.com/CTP/netgear/"><strong><br /> THE WINNER OF THE CLOSEST TO THE PIN<br /> for NETGEAR<br /> </strong></a></p> <p>&#160;</p> <p style="text-align: center;"><strong>Winners will be getting great stuff like the new "OFFICIAL" DHUnplugged Shirt!</strong><strong><br /> </strong></p> <p>&#160;</p> <p>&#160;</p> <hr /> <p><strong>FED AND CRYPTO LIMERICKS</strong></p> <p>&#160;</p> <p></div></div></p> <hr /> <p style="text-align: center;">See this week’s stock picks <a href="https://www.dhunplugged.com/stock-page/"><strong>HERE</strong></a></p> <hr /> <p style="text-align: center;"><a href="http://twitter.com/THErealDVORAK"><strong>Follow John C. Dvorak on Twitter</strong></a></p> <p style="text-align: center;"><a href="http://twitter.com/andrewhorowitz"><strong>Follow Andrew Horowitz on Twitter</strong></a></p> <hr />