Hey there weekday warrior. Here’s what’s on tap today… Donny Powers simply hates wind, David Ellison goes to daddy to fix his problems, and Google buys its way into the power game (not wind).
Enjoy the next 3 minutes and 32 seconds of blue-chip news and commentary.
Keep on snapping necks and cashing checks,
PS, this is the last newsletter of the week. Back on Monday. Merry Toyotathon and Happy Honda Days to everyone.
Breaking wind
#47 just broke wind.
Donny Energy just pressed pause on five East Coast offshore wind energy projects, citing national security concerns.
Wait a minute… didn’t Trump Media just enter the energy space? *DOJ has entered the chat*
The Coastal VA Offshore Wind project, along with projects in Mass., RI, and NY, was halted after the Pentagon reported issues with radar “clutter” occurring from turbine blades and reflective towers.
Per the Pentagon, that clutter makes it hard for the military to identify moving targets. And did the US government just admit there are alien bases under the ocean?
Dominion Energy $D ( ▲ 1.5% ) and other wind energy players (think: Orsted of Denmark) saw shares tumble on the day. Which, duh.
Friendly reminder that the Don’s been coming after the wind industry since day 1, ordering a halt on new leases and permits for onshore/offshore wind on Jan 20.
When the world gets weird, gold stops being boring
You don't need to buy bullion at Costco to trade gold, you guys.
MicroSectors Gold 3X Leveraged (SHNY) and 3X Inverse Leveraged (DULL) ETN give you the exposure you need when the moment arises.
And by moment, I mean rates twitch, a Fed president speaks out of turn, someone gets trigger happy in the Middle East, or sh*t hits the fan in Venezuela.
SHNY and DULL are tools for short-term positioning, hedging, and expressing a view when geopolitics and macro go apesh*t.
(BTW, A+ ticker symbols… no notes)
+ “My father will hear about this” - David Ellison’s go-to retort, probably
Daddy is backing the eldest boy’s play. Paramount $PSKY ( ▲ 1.55% ) updated the flavor of its Warner Bros. $WBD ( ▲ 0.27% ) takeover offer with subtle notes of silver spoon. David’s billionaire dad, Larry, has personally pinky-promised $40.4B of the equity financing.
Paramount also hiked its reverse breakup fee ($5.8B) to match Netflix’s $NFLX ( ▲ 0.15% ). Get you a parent who believes in you like this.
+ Babe, wake up, new airborne CTE just dropped…
As if we needed another reason to hate flying over the holidays, turns out you might die (and not just because you’re on a Boeing jet). The WSJ just released a new report linking toxic “fume events” with illnesses and deaths. Hundreds of pilots & flight attendants have suffered heart attacks, neurodegenerative disease, suicides, and brain injuries thanks to exposure to fumes.
And yes, cases are popping up from both Boeing $BA ( ▲ 0.6% ) and Airbus $EADSY ( ▼ 0.33% ) jets across multiple airlines, so you’re not safe no matter who you fly. Happy holiday travels.
Alphabet $GOOGL ( ▼ 0.08% ) has got a fever, and the only prescription is more power. The enterprising minds behind Google+ are purchasing energy developer Intersect Power for a cool $4.75B in cold, hard cash, plus existing debt. Ok, but will Sundar’s dad be involved?
The deal should deliver more capacity for the Gemini 3.0 team to make George Washington black again.
> How Charlie Javice’s Legal Fees Hit $74 Million: Gummy Bears and Star Lawyers (WSJ) // Gummy bears: Check. Seafood tower: Check. Hotel upgrade: Check.
> The NBA is pursuing ownership groups for a potential basketball league in Europe (CNBC) // TYFYS, Nikola Jokic.
> Pill Version of Wegovy Is Approved for Use in the U.S. (WSJ) // Diet starts Jan. 1!
> Terrible news for people with bad taste in alcohol who punch holes in dry wall…
+ US stocks “rose on Monday, supported by a rise in artificial intelligence names, to start a shortened holiday week.” (CNBC)
+ The 10-year yield “ticked up on Monday as investors prepared for the holiday-shortened week which includes a number of major note auctions.” (CNBC)
+ Oil “settled higher on Monday after the U.S. Coast Guard tried to intercept an oil tanker in international waters near Venezuela a day earlier, and Ukraine damaged two vessels and piers in Russia, raising the risk of oil supply disruptions.” (Reuters)
+ The “smart” money (prediction markets) thinks Paramount’s chances of acquiring WBD are rising (now at 55%…). (Polymarket)
⏪ Yesterday…
+ The Santa Claus rally window officially opened…
⏩ Today we’re keeping an eye on…
+ Chipotle will introduce high-protein menu items, including its first-ever snack offering (spoiler: it’s literally just chicken in a cup, you guys)
+ The core PCE price index report for July, August, and September will be drop alongside the Q3 GDP report
+ The New Home Sales report will be released
Yesterday, I asked, “How many "Christmases" are the right number to celebrate?”
55.4% of you said, “2: One day for the immediate family, one day for extended family.”
Here’s what some of you guys had to say…
2: One day for the immediate family, one day for extended family: “Christmas Eve do something, Christmas Day do something. That’s enough.”
1: The big Christmas. Get the immediate family together, plus all the cousins, uncles, grandmas, etc on the 25th: “You can pick and choose who you want to start a fight with.”
2: One day for the immediate family, one day for extended family: “Anyone who tries to do more than 2 should be left off the gift list. No one wants to be over scheduled around Christmas.”
3-5: Everyone gets their own day. Immediate family, grandparents, cousins, etc.: “When two children of divorce get together there's never enough time to make all sides happy so at some point you just have to draw the line. This year that line is 4.”
Other: “I'll find out when the wife tells me”
Here’s today’s question…
What is the GOATed Christmas movie? Think: Choose one to watch for the rest of time, the rest are deleted...
Oh, and one more thing…
What did you think about today's newsletter?
Sent from my Amazon Fire Phone. Please excuse any mistakes and typos.
Does this look like the face of a guy you should take financial advice from?
No, it’s the face of an individual who is financially irresponsible/dumb enough to be talked into spending money on a family photo shoot that he could have just done with his iPhone. So, act accordingly...
This is not financial advice. Nothing in this newsletter is an investment recommendation. All content is created for entertainment, educational, or informational purposes only. Do your own research, or do yourself a favor and hire a professional.