Markets
- Down 17%. Tech down 25%.
- Housing.
- Homes in August sat on the market an average five days longer than they did a year ago.
- The median listing price in August dropped to $435,000 from $449,000 in July
- The average home sold for less than its list price for the first time in more than 17 months during the four-week period ended Aug. 28, according to Redfin
- Nord Stream Pipeline closed again. Russia booking record profits.
- Long cold winter for Germany.
Biden Speach:
- Red lights. Looks like Nazi Germany. Portnoy Rant.
- Who are Maga Republicans? 5%, 10% far right? 49%? Far “left” just as dangerous. He just speak to the extremes if he wants to “unite” the country.
White house seeking $12b for Ukraine. In addition to $40b already approved.
Nvidia:
- On July 27 Pelosi sells Nvidia stock.
- Aug 26 Government says can’t sell advanced chips to China.
Energy (in California)
August 24 CA bans the sale of gasoline cars by 2035.
August 30: Stop charging electric vehicles. May have rolling blackouts.
Diablo Canyon Closure and then re-open.LA Times:
How much does that plant produce? From PG&E directly:
18,000 gigawatt hours. ~10% of California’s energy needs.
For years, Diablo Canyon has continued to safely produce clean and reliable energy without greenhouse gases (GHG), avoiding 6 to 7 million tons per year of GHGs that would be emitted by conventional generation resources. Built to withstand extreme natural disasters, including earthquakes, Diablo Canyon’s design features state-of-the-art seismic supports
We need energy independence, which means mining too.
Tesla
- Investment grade debate. Answer from Moody’s. Narrow product line.
- AXA Tesla video and apology.
- Volkswagon sucks at software. This is where most car companies are.
- Tesla FSD 10.69.1 69 minutes non-stop driving in SF.
- Record delivery for Aug and Sept is Shanghai.
Netflix:
Recommendations:
Joe Rogan: Tim Dillon and Zuckerberg
Pam and Tommy. So dumb! But can’t stop watching. Sex and Rock n Roll.
