Yikes

Latest Experian data on Q1 new vehicle leases/loans is bonkers: -19% of loans >$1k a month (up 17% YoY) -74% of those >$1k monthly loans are for non-luxury makes, particuarliy full-size pickup trucks. -Average monthly payment now $770. -Both 30- and 60-day delinquencieis up. This is wonderful.

There was a very tense staff meeting at "60 Minutes" today — the internal tension is real in the wake of last week's firings and Nick Bilton's hiring. Here's some of what former producer Rome Hartman, who accumulated 25 years at "60," told me 👇🏼 Read the rest in Reliable Sources: cnn.it/4x0yIgJ

The $965 billion-valuation artificial intelligence lab has filed confidentially for an initial public offering, the company said Monday. on.wsj.com/3PUUXDV

Breaking News: Anthropic, the A.I. company behind Claude, filed to go public, setting the stage for a massive IPO.

Fascinating

They need to be able to get around on their own so that we can put them to work in factories at an early age 🤡

Western Tiger Swallowtail season

Same

This.

Pope Leo XIV called for robust regulation of artificial intelligence and for its developers to work for the common good rather than profit, issuing a sweeping manifesto on safeguarding humankind as the technology impacts everything from work to war.

Wow look at all those weeds…

A+. No notes.

Dogs know

They must be stopped

Yes please improve video quality and sound quality. Seriously.

Murderers.

FT says without Naval escorts no one is taking up the US offer of insurance www.ft.com/content/eaba...

Xi warns Trump of ‘clashes and even conflicts’ with US over Taiwan

China gains major edge on U.S. amid Iran war, intelligence report finds www.washingtonpost.com/national-sec...

Morning Kitten “The perfect box does not exis—“

NASA’s Perseverance rover has reached the "Western Frontier"! To celebrate, it snapped a selfie at its westernmost point yet, far beyond Jezero Crater. This incredible view shows the rover amidst the windswept rocks of the "Arbot" area. Onward and westward! 🔴📸 #Mars2020 #Perseverance 1/4

Someone doesn’t hang out at gayborhoods much

So a savings of 18 cents per gallon... www.nytimes.com/2026/05/10/u...

Saverio, a 19 year-old Italian tuxedo cat, is living a happy life in the medieval streets of Poppi (Italy). He has become the official mascot of the village.

The entire Cal State system has been severed from Instructure completely as of 5/7. Chancellor's Office now dealing system wide. That's 500,000 students who were about to walk into finals week starting on Monday after mandates 2 yrs ago that every class is required to use Canvas 💁🏻

Kind of surprised that this hasn't been bigger news. It's finals week for a whole lot of universities, and yet, Canvas (a learning/grading platform used by ~9,000 schools globally) is currently inaccessible because of a pay-or-have-your-data-leaked hack. www.insidehighered.com/news/tech-in...

this seems less than ideal: "The agency, called the Persian Gulf Strait Authority, is “positioning itself as the only valid authority to grant permission to ships transiting the strait,” Lloyd’s reported in an online briefing." apnews.com/article/iran...

Putin is persuaded that he and his inner entourage face an imminent assassination operation. Russia has sharply tightened security around Putin as fears rise of an assassination attempt involving drones. He’s in underground bunkers micromanaging the Ukraine invasion and avoids public appearances.

We have a year’s worth of economic data since Liberation Day, when President Trump announced much higher tariffs on most imported goods and countries, and the data are definitive; the tariffs have done significant damage to the economy.

This painting is titled "A peasant family outside their cottage in the outskirts of Bordighera, Italy." It was painted in 1902 by the Danish realist master Peder Mørk Mønsted.

WSJ: How the Trump Administration’s Spirit Airlines Rescue Unraveled Talks led by Commerce Secretary Howard Lutnick couldn’t get bondholders and the government aligned (Super well reported story. Free link) www.wsj.com/business/air...

Spirit airlines shuts down. Only flew them once. It was such a miserable experience I vowed to never do it again. I wonder how many others did the same.

Since Congress Let Obamacare Subsidies Expire, Millions Are Dropping Coverage www.nytimes.com/2026/05/01/b...

Page One. @wsj.com

Quite something…

CNBC: 40% approve of the president’s job performance, a 5-point drop from last quarter, and 58% disapprove, a 6-point increase. His net approval fell 10 points to -18, the lowest ever measured over the president’s two terms. www.cnbc.com/2026/04/23/t...

WaPo: It could take six months to fully clear the Strait of Hormuz of mines deployed by the Iranian military, and any such operation is unlikely to be carried out until the U.S. war with Iran ends, the Pentagon has informed Congress www.washingtonpost.com/national-sec...

Emails released on Monday by California’s attorney general show Amazon allegedly colluding with other companies to raise the prices of pet treats, khaki pants, eyedrops and other products sold online

I watched this. Entire. Thing.

U.S. Judge Trevor Nunley ruled that consumers could suffer irreparable harm if Nexstar integrated Tegna's stations into its own operations ahead of an antitrust trial.

The concerns I expressed about unanswered questions proved to be unfortunately prophetic. This week gave us yet another example of the pattern of good news while markets are open, followed by the real news coming as soon as they're closed.

I know we are all missing our #Artemis II crew daily updates but NASA are still dropping new images everyday! 🚀🌕

GLOBAL economic outlook is not looking good, as Iran war and closure of Strait of Hormuz / energy shock drags on and causes worse and worse damage

Trump Was Watching a U.F.C. Fight in Miami While Iran Talks Collapsed www.nytimes.com/2026/04/11/u...