DHUnplugged #655: Hallucinating

Closest to The Pin - first time this ever happened ! Something funny is happening with AI Back to business - some stories from Europe. Better yet - how about some Fed Limericks? PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm Up - Back from Europe - Ireland and England (Ever been to an English Wedding?) - - Vaping a big thing in Europe (London) - A surprise CTP announcement - never before situation - Back for more - A special set of Fed Limericks - A lesson in Breath - very narrow right now... Market Update - AI running the show - NVDA - hits the $1 trillion mark for a moment today - UK inflation - still going - Case Shiller Housing report is out and ISM Manufacturing, Employment Report Friday - Apple - Bigger and Bigger -AI name - Did anyone hold C3.AI? UP BIG! DONATIONS ! That was better - but we are going to hit the debt ceiling at DHUnplugged - need your help. SPECIAL GOODBYE to William O'Neil - Investor Business Daily Founder - pioneer of charting - passed at the age of 90 Housing and Eco - Case Shiller DOWN 1.1% YoY - Consumer Confidence up to 102 - still high (down slightly from last month) -  UK - Consumer prices rose by 8.7% in annual terms in April, down from 10.1% in March but still leaving Britain with the joint highest rate of inflation among Group of Seven advanced economies alongside Italy. ----In Western Europe, only Austria had a higher rate. - Food +20% YoY ( Observance - NO RECESSION IN LONDON - Lots of spending going 0n) Cathy Woods - Talking Valuations - The "visionary investor" sold out the fund's position in NVDA in January due to valuation concerns - - Meanwhile, when has valuations mattered to CW before? Vaping Crackdown - The British government said on Tuesday it would close a loophole that lets retailers give free samples of vapes to children in a clampdown on e-cigarettes - 2023 survey by public health charity Action on Smoking and Health (ASH) of 11-17 year olds in which 2 out of 5 young people said they smoke vapes just to try it, while 1 in 5 said they do it due to peer pressure. - Have there been any good studies on vaping vs traditional smoking? China Stocks - Re-opening craze - not playing out as expected - Small - retail investors have turned pretty bearish on China's stocks - China's small investors are also such a large force - accounting for some 60% of turnover, according to China Securities Regulatory Commission Chairman Yi Huiman, compared with a JPMorgan estimate of less than 25% in the United States - that their lack of interest shows up in market data. - CSI 300 down about 16% from October high Turkey - The Turkish lira slumped to yet another all-time low Tuesday, extending its slide after the re-election of incumbent President Recep Tayyip Erdogan. - Erdogan believes that lower interest rates help to curb inflation - LIRA down 7% YTD - MULTI DECADE LOWS   LIRA - USD Debt Ceiling Talks - Agreement in Principle - McCarthy says it will be transformational for Americans - WAIT - wasn't this just supposed to be about raising the limit so bills that were already outstanding could be paid??? --- How much fat have they put into this? - Example: Manchin added a feature to approve all of the remaining permits to complete the Mountain Valley Pipeline that has been stalled for a long time. (pork/earmarks) - Watch for many 3PM - 3:30PM "surprise" announcements Disney Chess Match - Walt Disney Co is scrapping plans to relocate 2,000 jobs to Florida in part because of "changing business conditions" in the state, according to an e-mail to employees seen by Reuters. - Disney parks chief Josh D'Amaro said "leadership changes" and "chang...