Still have one unfinished book under 2017 deal with Tribeca Books but maybe this is additional money?

Happy Canada Day from the north woods not too far from our northern friends)

To lower prices we need more housing. Build build build. In NYC too.

🧵 From UAW President Shawn Fain: “The UAW supports aggressive tariff action to protect American manufacturing jobs as a good first step to undoing decades of anti-worker trade policy. We do not support using factory workers as pawns in a fight over immigration or drug policy.

Oil & gasoline higher but not by much. Oil was higher 2 weeks ago and gasoline futures (RBOB) back to August levels. Keys will be: 1. length of tariffs 2. Canada's response 3. Location Midwest drivers could see price hike soon as most Canadian imports go to refineries there

As we search for the cause of the deadly LA fires, an obscure 2019 California law protecting utilities by capping potential damages comes into focus www.nytimes.com/2025/01/26/u...

From the @nytimes.com: the responses people gave when asked what they remember most about the Biden presidency

I'm watching power grids. So far, so good. Could have record demand in Mid-Atlantic so need all of everything. Guess is ~25% coal (sad, but true) Texas test is making sure everything keeps operating. There's enough capacity .. it just has to stay online. www.axios.com/2025/01/19/a...

Thought to be related to cancer for 40+ years -- and banned in cosmetics since the 1990s -- the FDA gets around to banning a food additive. Red Dye #3 caused tumors in rats back in the 1980s. bit.ly/40B6k6N

Breaking from the Treasury: Budget deficit rose in December and is now 40% higher than it was a year ago

Resource --> You can look up real-time info on CA reservoir levels here: tinyurl.com/CA-Water-Lev... 15 of 17 are at or above historical averages, including all 4 in the LA basin region (Cachuma, Castaic, Diamond Valley & Casitas). Critical aspect is getting that water to where it needs to go.

When we find the cause of these awful L.A. area fires -- and we likely will -- it needs to effect real change.

Bond yields spiking again on inflation fears. The last 2 times yields spiked, stocks sold off (though did come back, clearly!) Not happening this time ... maybe because Europe in far worse shape than we are?

Zuckerberg comes in red hot. Says free expression is key as bias is destroying trust in social media and it became too political. Whacks “fact checkers,” adds more community notes, and moves some moderation teams to Texas from California. Thoughts? www.instagram.com/reel/DEhf2uT...

If your light and heat are working from North Carolina to Virginia to Ohio ... thank coal. Coal + nat gas + nuclear are 88% of your power generation mix this morning. It's not pretty and certainly not what we'd think would be the case in 2025, but that's our reality.

Will be busy cutting firewood this weekend. Maybe CNBC needs a Miami bureau?

US LNG to Europe's rescue, again! As we discussed on Power Lunch today, Ukraine has said "nyet" to Russian gas. This ends (at least for now) a deal to move gas between Russia and parts of Europe that has been in place since 1991.

Should we do a poll to see if we need a poll option for this fine platform?

Let's have some fun on @squawkstreet.bsky.social .. tune in in 3 mins ..

A.I. is awesome but feels like laying fiber optic cable in 1996. It will be everything eventually ... but could leave wreckage in the near term. Yes or no?

@briansully.bsky.social becomes co-anchor of @cnbc.com "Power Lunch": talkingbiznews.com/media-news/c...

Excited to join my colleagues at Power Lunch with my good friend Kelly Evans beginning Jan 2nd. @cnbc.com Thanks for the kind words @dancolarusso.bsky.social .. true team effort to build what we have over the years. Lots down over nearly 30 years .. more to come!

Good frosty Connecticut morning.

The biggest sell program in history hit stocks yesterday (per Jones Trading)

Fed uses the trebuchet 1/2% cut in September but 2 months later decides it needs the slingshot instead. Amazing

Where the Fed first cut rates by a startling 1/2% Bond yields have soared since as inflation stays pretty hot. #outoftouch?

Okay seriously what's the deal with these drones everyone apparently keeps seeing over NJ? From a widely read DC political newsletter this morning...

A star among stars. We are Virginia Tech. Godspeed Nikki

Citigroup says tax filings indicate the monthly 'household' jobs survey is overstated. Suggests Fed may have to act (lower rates) to counter a weaker than expected actual jobs situation Lines up with what we heard on our election road trip: job market is worse than what some data points may suggest

Syrian dictator al-Assad is toppled as rebel troops take Damascus. al-Assad is a bad, bad guy and his exit (likely to Russia but we don't know) is welcome. But it's unclear what happens next for Syria or what the intentions are for the military regime that has "liberated" the city.

OPEC and allies delay production increases another few months until March 2025. Next formal meeting planned for March 28, 2025. Let’s hope in-person as will have been 2 1/2 years since full media is back in Vienna. #oil #OOTT #OPEC

NJ DMV today to get something called Real ID (basically a new drivers license that's required to fly) Needed: drivers license Passport utility bill debit card All this even though I'm signed up for CLEAR & Precheck. Need a nap after that. Makes you wonder why the state needs all this data ..

More of your tax dollars are now going to paying interest on the national debt than Medicare or defense. Much of those interest payments are going to the already rich and/or other countries so at least there's that ... 😕 #sarcasm Random but interesting

Potentially critical factor for all-cash buyers of homes: no need for insurance. Sure, you can buy all the insurance you want but no one can force you. If you have a mortgage then the bank basically owns the home and forces you to have a certain % of coverage www.washingtonpost.com/business/int...

Intel CEO "retires" immediately Chrysler Jeep (Stellantis) CEO axed Record numbers of cash purchases for homes Record inflows for stocks .. new highs almost daily Heck of a time

Unless there’s a baby involved, never, ever trust anyone who doesn’t return the shopping cart. Danzig was correct.

Give the President a chance to respond. I hope we will get a chance to see and hear from the President over the next not-quite 2 months about a lot of this.

Apollo nails it as usual. Yes, the rate of inflation may be coming down but the cost of living is soaring. Electricity and car insurance are popping and not coming down anytime soon This is what many in mainstream missed about the story ahead of the election: *rate not same as the actual amount.

OPEC+ has moved its planned Dec 1st meeting to Dec. 5th and put the meeting online vs. in-person. Been 2 years since an in-person OPEC meeting in Vienna. Oil stuck around $70 as global demand grows slower than expected and U.S. output is over 13 million barrels per day. #oil #OOTT

Trying to convince ⁦‪@CNBC‬⁩ the beard a good look. Working on it. Lots to discuss with new Trump cabinet. Expect to be in DC a fair amount next few months. Happy almost Thanksgiving all. “See” you soon (eye joke).

Germany's industrial collapse lurches on. You may not think it matters, but when the world's (formerly) 4th largest economy continues to decline in one key part of its existence, it does matter. Could be one reason the U.S. markets doing so well .. where else you going to go? Not Germany ...

The quiet millionaire maker: coffee Over the past 2 years, coffee prices have nearly doubled, well outperforming the S&P 500. A few coffee traders have no doubt gotten really rich!

Oppy notes that 8 of 11 market sectors are showing earnings growth with one - energy - down double digits.

Trenton (NJ) farmers market back booming after a few tough years. Be sure to patronize local biz.

And I used to live in Baltimore and like to collect moths.

No major firms are negative on #NVDA

Is the 'age of Nvidia' finally over? $NVDA barely moving on earnings and markets the same. Miller Tabak says Nvidia now only sorta matters to the market (and energy stocks about to break out)

Really think the IRA money is going to be pulled back? Citi made this helpful graphic ..

Energy is the most important sector to the stock market right now and will be for next 5-10 years. Is it the biggest? No Does the group's earnings really matter to the overall market? No [1/2]

Not breaking news: Hong Kong *was* competitive. It was made uncompetitive. www.cnbc.com/2024/11/19/c...