Qantas Hit With $90 Million Penalty for Illegal Outsourcing During COVID-19
According to the decision, handed down by Federal Court Justice Michael Lee on Aug. 18, $50 million of the fine should be paid directly to the Transport Workers Union (TWU), with the remaining $40 million to be determined at a later hearing.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNBC
6 minutes ago
- CNBC
What's driving Home Depot's August stock rally and can it continue?
Home Depot shares are showing signs of life as optimism builds for an interest rate cut at next month's Federal Reserve meeting. The next test is earnings. The Club stock, which is one of the 30 names that make up the Dow Jones Industrial Average , is having its best month of the year, even with Monday's more than 1% slide. Tuesday's earnings report before the opening bell, however, will spotlight the retailer's actual business performance and may determine where shares go from here. They have gained nearly 7.5% so far in August. "Home Depot, the company, is not doing well. Home Depot, the stock is on fire," Jim Cramer said during our August Monthly Meeting last week. "It's a stock that needs lower rates," Jim added, to bring down rates on mortgages and home equity loans. HD YTD mountain Home Depot YTD And, lower rates are, indeed, what the market expects from the Fed, with a more than 80% chance of a September cut, according to the CME FedWatch tool , and at least one more by year-end. Mortgage rates, which have followed the 10-year Treasury yield south since late May, hit their lowest levels since late October 2024. As of last Thursday, the 30-year fixed-rate mortgage was 6.58%, according to Freddie Mac , the Federal Home Loan Mortgage Corporation. Below 6.5% for a 30-year has historically been seen as a level that spurs housing activity, which Home Depot needs as a supplier to homebuilders, contractors, and homeowners doing their own renovation projects. "We've seen the last couple of weeks, as rate cut odds improve, what could happen," said Jeff Marks, director of portfolio analysis for the Club. The real estate market has been stalled due to those high home prices and elevated mortgage rates. The latter is especially punitive because so many people secured super-low rates during Covid, which are keeping them put. During sluggish activity from do-it-yourself customers, Home Depot has been taking steps to bolster its business aimed at professionals. Last year, Home Depot acquired SRS Distribution, a leading supplier of roofing and building materials, in an $18.25 billion deal. The home improvement giant then doubled down this year, with a successful $4.3 billion bid to acquire GMS back in June. "We believe the SRS platform has established a firm foundation for capitalizing on Complex Pro that is performing well," wrote Stifel analysts in a note to clients Sunday. The complex pro segment in the home improvement industry refers to large-scale projects handled by contractors. Analysts added, "We view the potential GMS acquisition positively with modest synergy potential with HD leveraging its financial strength to invest behind favorable long-term construction trends amid difficult industry conditions." In addition to listening for any further details on the GMS transaction and the SRS integration, investors on Tuesday will get a look at Home Depot's spring and early summer sales — a period that Jim has called Home Depot's Christmas . As my colleague Kevin Stankiewicz wrote in an earnings preview over the weekend, "The market is looking for a companywide same-store sales increase of 1.3% in the July quarter, according to FactSet. That would mark a significant acceleration from the 0.3% drop seen in the February-to-April period. Investors also will be looking for any tariff-related hit to margins after executives said in May they expected to 'generally maintain' current prices." Bottom line While encouraged by Home Depot's price action lately, the stock is coming into Tuesday's earnings print hot, which Jim has often said makes him cautious. "It's such a hard stock to own because we're playing rates. We're not playing the business," he added. We may get a hint on rates before the Fed's meeting next month. On Friday, Fed chief Jerome Powell is set to address the central bank's annual confab in Jackson Hole, Wyoming. (Jim Cramer's Charitable Trust is long HD. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
Business Wire
35 minutes ago
- Business Wire
Nursa and Oxford Valley Health Announce Settlement of Legal Dispute
SALT LAKE CITY & TOMS RIVER, N.J.--(BUSINESS WIRE)--Nursa, Inc., the leading healthcare staffing technology platform, and Oxford Valley Health, a multi-facility skilled nursing operator, today announced they have reached a comprehensive settlement agreement resolving all claims and disputes between the parties related to their contractual relationship and associated litigation. Nursa's January 2024 non-payment claim against Oxford will be resolved by way of the settlement agreement. Oxford Valley Health's counterclaims against Nursa will be dismissed. Resolution in Good Faith The parties have resolved their dispute in good faith through productive negotiations that prioritize the shared interests of both organizations and the healthcare communities they serve. Both Nursa and Oxford Valley Health are committed to moving forward collaboratively and constructively. "We are pleased to have reached this mutually beneficial resolution," said representatives from both companies in a joint statement. "This settlement allows both organizations to focus on their core mission of providing quality healthcare services and solutions to patients in need." Shared Commitment to Industry Integrity Nursa and Oxford Valley Health are aligned in their shared commitment to combating fraudulent practices within the healthcare staffing industry that harm patients and the organizations that serve them. Both companies recognize the critical importance of maintaining transparent, ethical business practices that support healthcare providers and protect patient care. The parties acknowledge their mutual dedication to upholding the highest standards of integrity in healthcare staffing operations and billing practices. This shared commitment extends to working collaboratively with industry partners to promote best practices that benefit all stakeholders in the healthcare ecosystem. Recognition of Technological Advancement Oxford Valley Health recognizes the continuous, iterative improvements in Nursa's technologies over time. The healthcare staffing landscape continues to evolve rapidly, and both parties acknowledge the importance of technological innovation in addressing the ongoing challenges facing healthcare providers nationwide. "Technology platforms like Nursa play an important role in connecting healthcare facilities with qualified professionals," noted Oxford Valley Health. "We appreciate Nursa's ongoing efforts to enhance their platform and services." COVID-19 Pandemic Acknowledgment The parties acknowledge that the unique pressures and uncertainties of the COVID-19 pandemic posed unprecedented challenges for all teams working to address urgent healthcare needs during that period. The extraordinary circumstances created by the global health crisis required rapid adaptation and innovative solutions from healthcare providers and staffing agencies alike. Both organizations recognize that the pandemic environment presented complex operational challenges that tested traditional processes and systems across the healthcare industry. The lessons learned during this period continue to inform best practices for emergency preparedness and healthcare staffing solutions. Moving Forward Both companies are uniquely situated in the health-care industry and remain focused on their respective missions: Nursa continues to connect healthcare facilities with qualified professionals through its technology platform, and Oxford Valley Health maintains its commitment to revitalizing struggling nursing home facilities and providing high-quality skilled nursing care to patients across its facilities. "This resolution allows both organizations to move forward positively and continue serving the healthcare community," the parties stated jointly. About Nursa Nursa is a nationwide platform that exists to put a nurse at the bedside of every patient in need, removing the financial strain and operational gaps of traditional staffing agencies. Nursa's technology enables hospitals, health systems, skilled nursing facilities and community organizations to easily secure reliable, qualified, nursing talent for per diem shifts and contract work. Founded in 2019 and headquartered in Salt Lake City, Nursa is trusted by a growing community of more than 3,400 facilities and 400,000 nurses nationwide and is accredited by The Joint Commission. For more information, visit About Oxford Valley Health Oxford Valley Health is a skilled nursing provider operating facilities in Arizona, Nevada, and is committed to providing high-quality care to patients in long-term care settings.
Yahoo
2 hours ago
- Yahoo
CoreWeave leads AI infrastructure stocks poised to surge
You can catch Trader Talk on Apple Podcasts, Spotify, YouTube, or wherever you get your podcasts. CoreWeave (CRWV) is emerging as a major force in the AI infrastructure boom. Michael Lee, founder of Michael Lee Strategy and former Morgan Stanley vice president, says Wall Street is underestimating its growth potential. On this episode of Trader Talk, Kenny Polcari and Lee reveal why CoreWeave and other AI infrastructure stocks could deliver massive gains, how rising demand for compute power is reshaping the market, and why hedge funds may be caught underinvested. They also cover growth versus value strategies, risks from energy grid limits, and the sectors set to benefit most as AI spending accelerates into 2026. Watch more episodes of Trader Talk here. Trader Talk with Kenny Polcari on Yahoo Finance delivers expert analysis and actionable insights, empowering you to navigate market volatility and secure your financial future. This post was written by Langston Sessoms. Welcome to Trader Talk where we dish out the latest Wall Street buzz to keep your portfolio sizzling. I'm Kenny Polcari coming to you live from the Yahoo Finance headquarters in the heart of New York City, a global hub where deals are made, fortunes are built, and the next move is always just around the corner. Coming up, I'm going to share my big tape on the hype around uh the PE ratios. I'm gonna sit down with my very good friend Michael Lee, and I'm gonna share my Jumbota recipe. Now, let's jump into the big you've spent more than 5 minutes around the stock market, you've heard of the PE ratio. It gets tossed around on TV in the headlines and on every stock research site like it's gospel. The stock is cheap, it's PE is only 10% or it's overvalued. Look at the sky high PE. But here's the truth. The price to earnings ratio is a helpful starting point, not the whole what is a PE? It's simple. You divide the price of a company's stock by its earnings per share. If a stock trades at $100 and it earned $5 per share, its PE ratio is $20. On paper, that tells you how much investors are willing to pay for a dollar of the company's profits. A lower PE, the market thinks it's a bargain, or maybe it's a value trap. A higher PE maybe investors believe in massive future growth, or maybe it's a bubble. The catch is that the PE doesn' you why. Sometimes a low PE means the business is in trouble or it's shrinking. Sometimes a high PE implies the company is a proven growth machine and investors are happy to pay for it. The PE ignores debt and future risks. Sometimes accounting tricks or one-time events can distort the PE. Pros know that a PE is just the tip of the iceberg. They compare it to a company's history. They compare it to industry peers and broader market conditions. They the E as much as the P, asking if those earnings are sustainable, repeatable and real. To fill the story, they look at growth rates, margins, debt, and cash flow. The bottom line, don't let a single number make up your mind. The PE ratio is a helpful snapshot, but it's only one lens. Use it as part of the total story, not the whole story. A clue, not a conclusion. Savvy investors realize they need to do the work behind the joining me today is my good friend Michael Lee, founder of Michael Lee strategy and one of the most recognizable voices in financial media regarding markets, policy, and portfolio positioning. Michael brings a wealth of experience to the table, having served as a vice president at Morgan Stanley, where he advised high net worth individuals and institutions during some of the most volatile periods in recent market history. Today,Through his independent advisory firm, he delivers a sharp actual insights tailored for long-term investors focusing on navigating the intersection of macroeconomic trends, political developments and market dynamics. Michael's commentary is consistently direct, informed and grounded in real world application, whether breaking down inflation data, commenting on Fed policy, or flagging risks before they hit the tape. He's a Fox Business and Newsmax and other national outlets, where his no-nonsense perspective on investing and the economy continues to resonate with a growing audience. It is my absolute pleasure to have him join us today. Please join me in welcoming Michael Lee. Michael, it is a pleasure to have you. Thank you for coming in from Connecticut. I know though you live in Florida, but your vacation in Connecticut. Thank you for coming in to spend the day. Kenny, it's my honor to be here, no, no, it's mine, totally. Listen, I want to get right into it because there's so much to talk about and you have a lot to say. So let's talk tech. We're talking all tech today with you. Uh, number one, let's talk about first, is it overvalued? Is it still a buy? Sort out kind of the hype and the fundamentals for us considering, you know, it to be a little bit ahead ofitself. Yeah, so, um, there is this view on the street that the infrastructure needed for artificial intelligence is gonna sort of flatline, or the growth is gonna massively decelerate at some point in the next 1518 months. Um, I, I think that's total and utter nonsense. Um, so if youLook at what AI is. It's taking big pieces of data, organizing it and doing various tasks with it. So you, you, the biggest versions of AI, I think everybody's touched now are like your chat GPT, Anthropic, rock. These are your large language models. OK, so a large language model, um, it, it used the unit of data for that as a token. A token is 3/4 of a not token and cryptocurrency. Just like same thing like a pocket would be for the internet for data. So, um, the amount of tokens we're going to need as models get more complex is gonna skyrocket on an exponential basis. And the next thing to come with AI are agents. So, you know, you take a document, a legal document, throw in chat GBT and it says, hey, you need to make these changes in your organization, agent will go and make those changes and implement it for you. The number of tokens an agent's gonna use versus a large language model is exponentially higher, so the demand for compute, the demand for infrastructure is far beyond what the street is predicting right now. So I would say none of these stocks are overextended. They're far cheaper than they appear, because like a like a Microsoft last night, you know, the street was expecting their to grow at 35% year over year. It's an $80 billion mature business growing at 35%. They grew at 39%, up from 31% in the first quarter. So this is the business is getting bigger than the, um, the growth is accelerating. And so you're, you're getting a higher increasing growth rate on much larger numbers. It's mind-blowing, and I think this continues on for manyyears. Well, listen, I, I with you. I, and it's amazing to see when you when you when you hear from these companies, they're reporting the amount of money that they're spending quarterly, quarterly in the billions of dollars on AI and infrastructure and, you know, whatever it is that they're building, they are just spending massive amounts across the board. All of them, right? I mean, look what happened with Microsoft and Microsoft and Meta yesterday when they reported rushed it, absolutely crushed it. So, so it's, that's a a that's just a great way or examples to bring up because the expectations for Microsoft were sky high. The expectations for meta were sky high. They crushed them. Meta is your use case for AI, and it's quite possibly the best use case in that all they've done is collect every piece of data on you, uh, maybe in some of the most non-scrupulous ways over the last two decades. Well, that, that's, that's what you' to put into these large language models and then the agents to make it work for them. And so, uh, for you, you, you probably noticed in the last 6 months, your Facebook feed is a lot better, at least mine is, right? I was not a big Facebook user and now I'm getting all these random suggested posts and then the ads are gonna get better. So if you're using these platforms more and the ads are better targeted, they can charge more for the ads. It's not right. So listen, it's funny. I don't use Facebook. I never did, but I have I have Twitter, I have LinkedIn, and to your point, yes, I think the ads are getting more targeted, right? The things you read, the things you see. Now, some of it clearly also depends on stuff you look at, the algorithm then sees what you're looking at and then send you more of that. Um, or listens to what I'm talking to other people about or listens, which I think is also fascinating how it listening to, in fact, what we're talking about. But listen, there's, there's, there's a stock that you are just, uh, a really hot on that I think, uh, uh, that I need to learn more about, but I think that the audience would like to hear and it's core weave. So just tell us really quickly what core weave does and where it stands kind of in this whole, whole model. So the growth engine for Microsoft, it's that's their cloud computing platform, um, but so you're kind of buying the whole company and yes, Office 360 and they, you know, the coordination with Chat GBT, yeah, there, there's some value to that, but you're really laser focused on the the cloud growth. Well, why not just buy a pure cloud play and Core weave is one of the first public pure cloud plays. All they do is buy Nvidia, uh, Nvidia GPUs, and they rent them, right? They rent them to Microsoft, they rent them to Google, they rent them to anybody who wants. OK, so this question. Why do they, why doesn't Microsoft just buy them? Why is Microsoft going to Ku Weave to rent them? Well, they're not necessarily for sale, Core Reve, right? Um, it's, it's not, you know, that, that would be a good idea, but, you know, what Nvidia has done is they can't sell all their GP if they wanted to, they could sell every GPU they make to Meta or to Google or to Amazon or Microsoft because from a Nvidia standpoint for every GPU produce, uh, there' for 15. So Core weave, um, so they need to diversify their customer base, and it's, you know, I think Meta and Microsoft may be number 1 and #2. Google and Amazon maybe #3 and number 4, and then you have Oracle and Coreweave maybe number 6 or number 7. Nvidia also has a stake in them and the amount of allocation, you know, it's like when we used to work at the banks, you get an allocation and a hot IPO, um, is that a hot IPO today out there, I think it just opened up at at 30, but that's what these Nvidia GPUs are like, which is the one that came on the New York Stock Exchange today, right? Is that what you're talking about? I, I don'tknow much about the company. I just saw that it was priced at 30 and then it opened at 100. Yeah, yeah, that's a nice trade. Yeah, if you were able to get in. But, but the, the thing with core weave is they make 30% a year on these GPUs. The cost of capital is somewhere between 10 and 12%, and it's run by ex- hedge fund guys, not tax guys. So what do you do with the trade where if I can make 30%.And I can borrow at 12. I'm just gonna lever it up to the hill. So it looks like they make no money where in reality they have 65% gross margins. OK, they're gonna do between 5 and $6 billion in revenue this year. I think potentially more. OK, let's take a step back. In 2023, they did $200225 million in revenue. OK. Last year they did 1.9 billion. This year they're going to do between 5 and 6. Next year, somewhere between 11 and then well north of 20 in 2027 at a 65% gross margin. So that type of growth margin with that gross rate, uh, with that growth rate, what kind of multiple are you going to put to it? So to me, I think it's gonna be a $400 stock by the end ofnext year and it's trading where. So right now it's about 117 dollars at what price? Uh it came public, I believe, at 49, onlya couple of months ago. Yes, but you know possibly the worst timing to go public. Yeah, the tariffs were announced Wednesday after the close. Stock went public in April, in April, right, right before the, right before right after Liberation Day. Yes, yes. And so there's confusion about the business model when you look at the numbers and it goes back to my, well, the first thing we talked about in this token demand. So that's the demand for AI and for AI computing and Microsoft's their cloud computing would have been higher had they built data centers quicker. So all of these companies that are competing in the space, they're capacity constrained, right? It's a lot, it's easier to solve, in my opinion, for capacity than it is for demand. And when you have demand running wild the way it is now, and it's, it's really in kind of the infancy, like it's just gonna accelerate again, not in a linear fashion, in exponential fashion thathere we go. So right, hold that thought for a minute. We're gonna take a break. We're gonna come right right, so I want to finish that thought because when you talk about uh the exponential growth of names like Core weave and to your point, you don't see it slowing down. I don't see it slowing down either. But at some point, uh, you know, you look at, you look at, you look at the NASDAQ, you look at the mag into overbought territory on the on the RSI scale. Now I know the RSI scale doesn't tell you everything, but it does give you a sense of when it's gotten a little bit too hot and then it should, it could pull back a little bit and take offagain. You're just teeing up my next one, man. So let's go. Let me know. Are we ready now? Yeah, you're ready. I, I just saw my how my collar was a little, um, OK, yes, they may look a little bit overbought on the RSI scale, but what, you know, what I follow closely is the Goldman Sachs prime brokerage data. And if you look at the net long or the, the, like how long these hedge funds are, not, not gross notional, but long notional positioning from these hedge funds, you're still near five-year lows, and a lot of that has to do with the way long short equity is run in that if, uh, you move outside, when you haveMovements and markets that are multiple standard deviations and you have risk controls kind of blow up in your face, everybody gets a margin call, even profitable price at these hedge funds. So the amount of, of the, like these hedge funds aren't wrong these stocks, OK, they're the exposure to the long side of the market is as low as it's been in the last 5 years, maybe a month ago was a little bit lower, so we could get overbought. You can get wayway over bought because they, because they're so underinvested is your point. Yes. And like these are the investors that move the market. Like it's, you know, you, you, if, if you and I were sitting at XYZ hedge fund and we had a $200 million 200 million dollars of capital, we're leveraging that up to a billion dollars each day, right? That moves the market, right? It's, you know, that takes a lot of Jimmy and Joey in their mom's basement with a $50,000 Robin Hood account to add up to that. And it's not that retail doesn't move the markets the same way. It's just that these guys have missed this entire move from a structural standpoint andNow, and there's also, by and large by the banks, if you look at the estimates for a Morvell for an AMD for a Nvidia, that there needs to be a deceleration in this capital capex investment. And so you were, you were doing a lot more in the 90s than I was. And part of the reason why the internet bubble blew up is because everyone thought that infrastructure built out would just go on forever. And 98, 99, it was already there. So I, I think we're 5 or 10 years away in the AI. At some point, you're the way to think about the way that it was explained to me is that with AI is you have a pyramid, and right now that pyramid is just a normal pyramid where the skinny parts at the top and the fat parts at the bottom. But the fat part at the bottom is where all the money is being made, and that's the infrastructure. And at the top is the software. So like my other favorite name Palantirer, which is, which is super duper expensive at 80 times sales, um, but in a year or two, maybe 3 years from now, that pyramid's gonna get flipped upside down and the fat part's gonna be the so as that happens, I think the market's a little bit ahead of that. I think we, we have way more of these infrastructure names. So do you think that when Liberation Day hit and the market started selling off and everyone panicked all this stuff, do you think that a lot of the, the, the, the smart money, the hedge fund money actually went short, some of these names, and now they had to turn around the cover? Yeah, well, I, I, I think, uh, most, most of these guys that run the long short equity world are, are, you know, they're long two names and they're short 5, or they're short 3 and long 2, and it's all about price dispersion, but like when everything moves so wildly, so fast, you know, our 200 million that we lever up to a billion is now 100, we can lever up to 3. And so they just got out of the market and the snapback was so fast that they missed it. So I,I don't, like that's a problem for them, you know, and like, it's a problem for them, but what it does is it talks about future demand, right, especially as we go into the end of the year. Yes, to me, the trade is in these infrastructure names because the estimates need to go through an entire re-rating. So when you talk about price to earnings multiples and how this market is being rich, um, I think thatThat what you're looking at on a full multiple basis is not the case, right? That we're, we're looking at 24, 25 times earnings. In reality, it's probably which is not cheap, but the realization that it's 1924 is gonna pushstocks ways. So let's talk about as we move into the end of the year because we're now we're, we're, we're moving into August. We are clearly in the second half of the year. So let's talk about growth versus value, right? In the NDA. Where do you really think is it, is it, is it, tell me where you think we're gonna be. So likethis growth versus value debate, and I don't know that value is dead forever, but like I'm.I'm not wasting my time outside of this AI trade because it's just like, you'll have pockets where there'll be good names that start to take off, but that's a very select stock pickers' market, whereas, uh, we have a once in a lifetime growth trend right now. In absolute dollar terms, right? If you take 1990s numbers, this AI infrastructure build out is 5 to 10 timesthe size. 100%. No, I think it's very much still in its infancy stages. So it's got room toRun. But again, you know, you have to be smart as an investor. You can't put all your eggs in one basket either. No, um, so like, look, I, I think you can be overweight, but you can't be 100% in one basket. I mean you can, but yeah, so for me in my positioning right now, I'm like 35% tech and like 32% in communications and that tech, I, I may be underweight in tech at this point after Microsoft last night, and they, I'm way overweight in I, I have been that way because, uh, you know, Google, uh, was super cheap. So Google's moved from a buck 50 to almost $200 in the blink of an eye. Obviously, I'm looking very smart after the meta move last night, which make up the bulk of that sector. So what are the other sectors you're looking at? You know, I think, you know, there's all this drama with poll and he certainly didn't cut interest rates yesterday, but let's look out a year. OK, there's going to be a new Fed governor. If you look at where inflation is trending, right, which is 2% or sub 2%.That the next venture is probably gonna get to neutral pretty quickly. So a year from now, you could see the front end of 224. OK, so let's I because I tossed this out to I talked to Adam last week. So let's just toss this out. Do you have an opinion on who you think the next chair is gonna be? No, that's, that's a tough question because there's, you know, obviously Kevin Warsh, Kevin Hassett's less. The two Kevins. Yeah, um, like I, I think they're gonna all be on board that like we're gonna get to neutral or like slightly restrictive very quickly because right now we, the Fed is more restrictive than they've been this entire Fed Fed cycle, and inflation's trending down. So a year from now, it's not outlandish to think the front end is gonna be at 2 or 2.5%.And so bringing that back to stocks, you just had the big beautiful bill passed, so we got fiscal, we got fiscal stimulus, we're gonna get monetary stimulus. You have the largest, largest investing trend in history. So, so if you're saying 2 to 2.5%, that's a 200 basis point over some period of time, within a year, within a year. OK. OK. I, I, I think that's a tad bit aggressive, but look, that's what makes the market, right? Buyers and sellers. Let's just talk about risks on the radar. What could derailWhat we're talking about this current bull market, uh, it's so it's like I think exogenous events are what's gonna stand in our way, right? So, uh, something going off with Russia and Ukraine geopolitical, yes, geopolitical, yeah, and like the, the, the bear case for is not that it's a hyper, it's a bubble. It's that the energy grid can't support these data centers. And, and that is also an issue. But if you look at what's happening in the utility sector, utility sector, I think, is up 11, almost 12%, I think this year. I think that's all in anticipation of the demand that's going to be needed from these utility companies, right? Sowhat I could see happening is like a core weave, a Google, a Microsoft at this 69 months from now, 2 to 3 quarters away having a disappointing number because they're just at the and meta because up against it, they can't build the data centers because they can't get the energy gridavailable, right. Let me ask you one other question before we, before we bring this on in. Talk about AI regulation. Where do you think that that is going to potentially either help or hurt? Kenny, I'm like too stupidfor that. I hear you. Yeah, yeah, that, that's, that's like beyond, like that's like I'm just looking at, I've got this little trade where the market's expectations are way off from reality. And so in that pocket, there's a lot of money to be made as to how we need to regulate the 4th turning of.I play rugby, man. Yeah, no, I hear you because, because I think that's going to be clearly part of, part of, you know, the time bombs along the way is how are they going to regulate it. Who's gonna have control of it, who's not gonna have control of it, what that's ultimately gonna mean and ultimately, you know, cause.I mean, look, we all know that AI can can clearly spin out of control if it's not properly regular. we've already seen it, right? You've seen some of these some of these deep fake things that end up being created by AI. I like, I'll, I'll leave that to like the deep thinkers and the smart people like Kenny the other one, I don't know how you feel about it is gold. Gold has these trends where it went from like, uh, you know, like 2, 200 to 400, 400 to 800, 800 to 2000. And then now I think we're in a 2000 or 5000 type move. I think, you know, there's a gold, gold trading, I think 30, 350 or so today, right? Uh, it's been it's been jumping around. I think it's between this 3350, 3450 trading range at the moment until it kind of figures the Fed is going to be, where rate's gonna be, where a tariffs is gonna be. And so I think gold is gonna continue to kind of just churn in there. You could cause this, this, this,this debt, this deficit. So even if, even if the even if Bassett and Trump are right and we get this deficit of $1 trillion right? Like you're still gonna have 38 to $39 trillion out there every time we get there. So I think gold's on its way to $5000 gold. I own utilities. I own financials because I think going back to the the banks, I will really benefit from that steeping the yield curve because just because the front end drops, that doesn't mean the 10 years is gonnamove very agree agree. I listen, we've run out of time for this one. I want you to come back, you know, 34 months or maybe towards the end of the year, and we're gonna talk about kind of where all this went. In the meantime, I want to introduce you to my recipe of the day, which is Jumbota, right? Now, Jumbota is a rustic homestyle Italian stew, really rooted in southern Italy, particularly in regions Batoliata and Sicily. The name likely comes from the Neapolitan dialect where jumbota loosely means like a mixture of mishmash of stuff, which is fitting because the dish was designed to use whatever vegetables were in season or on hand. Traditionally made in late summer when the gardens are overflowing with eggplants, zucchini, and peppers and tomatoes, Jamota truly celebrates the abundance and simplicity. It reflects the frugality and Italian home cooks, especially in working class and rural communities, where nothing was wasted and every ingredient had its place. Over time, families began personalizing the dish, adding potatoes for more substance or meat like sausage or chicken to turn it more into a hearty main course. Today, Jumbota symbolizes Southern Italian soul food, warm, nourishing, endlessly adaptable and consistently you can scan the QR code on the screen for the full recipe and you can thank me later. In the meantime, that's a wrap for today's Trader Talk, but the conversation continues. Subscribe on Apple Podcasts, Spotify, Amazon Music, or wherever you get your podcasts. You got a question or topics you want covered? Email us at tradedertalk@yahoo because we're always listening. Until the next time, stay sharp, stay disciplined and stay in touch. Take good content was not intended to be financial advice and should not be used as a substitute for professional financial services. Related Videos Bitcoin & ethereum retreat from highs, Gemini files for IPO Aerospace is hiring fast and veterans have the edge Intel & Trump, UnitedHealth extends gains, Nextracker upgraded Vanguard Plans for Its Most Expensive ETFs Yet Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
