Top 5 stories for Fri Nov 13 ☕ Nvidia has a new boss, Mississippi made history, and oil got jumpy again. Here's what you need to know.
1. Jensen Huang resigned as Nvidia's CEO effective immediately. CFO Colette Kress is interim CEO while the board searches, and Harvey Jones becomes the company's first-ever board chair. https://t.co/gldxb7hPMn
2. AP called Mississippi's Senate race for Democrat Scott Colom over Sen. Cindy Hyde-Smith. He'll be the state's first Black U.S. senator since Reconstruction. https://t.co/Mdcy6xlng6
3. Witkoff and Kushner met Putin at the Kremlin right after the Abu Dhabi talks, then headed to Dublin to see Zelenskyy. Witkoff says Europeans join the next round, but Moscow is downplaying that. https://t.co/RrTfVYrFKQ
4. Israel's security cabinet ordered the military to step up readiness for a possible Iran strike, per Israeli media. Trump posted "We don't need a deal with Iran," and Brent settled up 3.3% at $95.82. https://t.co/IIwx7PXYuz
5. An Israeli strike on Gaza's Nasser Hospital killed 6, including a surgeon and a 13-year-old boy, per Gaza's Health Ministry. Israel says it was targeting a Hamas commander. https://t.co/E2aSMEC2WS
"How wonderful it is that nobody need wait a single moment before starting to improve the world." — Anne Frank
Used vehicle inventories will continue to increase across most brands while new Tesla orders are at least 3-6 months out. Tesla cannot build them fast enough, while legacy automakers continue to struggle due to a lack of innovation and demand. $STLA $TSLA
Stellantis just put one person in charge of U.S. sales and the entire dealer network.
His first-day inbox:
Jeep: 159 days' supply
Ram: 148 days
Dodge: 147 days
Godspeed.
(Source: Cox Auto)
Top 5 stories for Thu Nov 12 ☕ Nvidia's board is deciding Jensen Huang's future, a deadly collapse in Brooklyn, and AI stocks bounced back. Here's what matters.
1. Nvidia's board met last night to decide whether to oust Jensen Huang, per reports from the WSJ and CNBC, after the NYT reported a second affair, this one with an Nvidia exec. No decision announced yet, and shares fell about 9% after hours. https://t.co/yKTUMwiEqv
2. A building collapsed in Flatbush, Brooklyn, killing at least 8 people and injuring 17, including firefighters. Investigators are looking at the excavation site next door. Prayers for those families. https://t.co/UKt9sEqujX
3. AI stocks bounced hard Wednesday. The S&P 500 rose 1.3% to 7,619, the Nasdaq 1.6% and the Dow 254 points, almost erasing last week's sell-off. https://t.co/OQFc1F1YEz
4. Oil climbed back off two-month lows as attacks on ships in the Strait of Hormuz keep coming. Brent settled at $92.76, up 1.4%. https://t.co/0iOJCWU6Ay
5. Congo's Ebola outbreak has topped 11,000 cases, with 11,042 infections and 5,387 deaths per its health ministry. It's the country's deadliest outbreak ever. https://t.co/tK0HBBRN1S
"Hope is being able to see that there is light despite all of the darkness." — Desmond Tutu
The long term advantage of $TSLA is its manufacturing technology. This is not something you can order from a catalog. It’s been built from the ground up, through yrs of iteration and learnings. Tesla is #1 at building the machine that builds the machine.
For those mad at Jensen…
He just gave you a generational buying opportunity!!!
When $NVDA announces their new CEO (Jonathan Ross) you’ll see this sentiment shift so fast!
Also, the board will announce massive share buybacks which will drive capital back!!!
As long as we hear employees are staying… sentiment will shift!! Nvda has contracts that are undeniable.
People will skip life-saving tech just to look cool getting from point A to point B. 🙄
If you're giving up safety & efficiency because you hate one guy, or because you think it makes you look good, consider this your wake-up call.
Your family will thank you. 🫡
Found quite the SURPRISE in the new “No Surprises Act” regarding medical bills.
Some may call this a typo…
3rd paragraph down: f you…
Now tell us how you really feel! 🙊
Would you sign a legal document with a typo?