DHUnplugged Podcast

DHUnplugged #630: Cheering Layoffs?


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Companies are announcing layoffs and market cheer!
Crypto craziness - FTX ripples throughout industry.
End of year game plan - CTP update and more.
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Warm Up
- Big Moves - Bets are For Less Hawkish
- Nasty Action in Bitcoin/Coins
- Weird moves at Disney
- Crazy Weather in NorthEast
- Reminder of the CTP going on right now....
Market Update
- Short Week, Wednesday Big Day ECO (FOMC Minutes)
- Headwinds keep piling on - nothing recedes these days
- OPEC news of production increase - then denial
- Crypto Saga continues
SERVER UPDATE - ALL MOVED, CHECKED ALL GOOD TO GO
Turkey Recipe? Dinner Plans?
- PICKLE FEST
Weather Update
- Snowfall of more than 6 feet in western New York state prompted local officials on Saturday to further restrict road travel and forced airlines to cancel flights in the Buffalo area, just ahead of the busy Thanksgiving holiday week.
Twitter/MUSK
- Not talking about - gotten too weird
- Although TSLA at 2-year low price
- Any predictions about Twitter's future?
- Oh, and Trump snubs Twitter after Reinstatement (By Poll?)
World Cup
- Alcohol BANNED from stadium last minute
- World Jewish Congress said meals cooked to Jewish dietary rules and public prayer have been banned during tournament
- It is all about $$$$ - More than ever....
Why More Nuclear Talk?
- What is with this?
- The head of Russia's state-run atomic energy agency, Rosatom, warned on Monday there was a risk of a nuclear accident at the Zaporizhzhia nuclear power plant, Europe's largest, following renewed shelling over the weekend.
Oil Prices
- Oil prices dropped to trade near two-month lows on Monday
- Dropped to $75.25 for a moment then was bought on recent double-bottom
- "Apart from the weakened demand outlook due to China's COVID curbs, a rebound in the U.S. dollar today is also a bearish factor for oil prices," said Tina Teng, a CMC Markets analyst.
- More importantly, OPEC is discussing increasing production by 500,000 barrels per day
OPEC Reversal
- OPEC news that they are going to increase production by 500,000 barrels per day.
- Quickly reverses after oil prices plunge
OPEC MOVES
Now to China
- COVID deaths - first time being reported in a while
- Lockdowns - roaming
- Numbers climbing and big concern that this is going to keep the slowdown around the globe
- Inflationary - to a degree and deflationary at the same time
- China held their interest rates steady - they are having a tough time
Over to South Korea
- South Korea's exports for the first 20 days of November shrank 16.7% from the same period a year ago, dragged down by weak demand for chips and from China, customs agency data showed on Monday.
- The country's imports fell 5.5%, bringing the trade balance to a $4.42 billion deficit, on track for an eighth straight month in the red.
- Shipments to China dropped 28.3%, while those to the United States and European Union were up 11.0% and down 1.5%, respectively.
- By product, sales of semiconductors fell 29.4% and wireless communication devices lost 20.6%, but those of cars and petroleum products gained 28.6% and 16.1% each.
---- Remember the Chip shortage? Peak Oil? Note those kind of events.......
Not What You Want
- Philips , which has been struggling with a major recall of ventilators, on Monday flagged further problems with some machines it has previously replaced
- The FDA said the company had notified it that the sound abatement foam could come loose in some refurbished models, "lowering the inspiratory pressure".
- In addition, trace amounts of particulate matter were found in air pathways of some reworked ventilator...
...more
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