April 19
Listen to the first conversation between humans and whales.
https://www.bbc.com/reel/video/p0hp5111/listen-to-world-s-first-chat-between-humans-and-whales
House Speaker Johnson profiles courage by staring down right wing Republican nut jobs. The Journal reports:
House Speaker Mike Johnson said Wednesday he would plunge ahead with a high-stakes vote to move long-stalled funding for Ukraine, Israeland other overseas allies, elbowing aside criticism from his conservative flank.
“We can’t play politics on this; we have to do the right thing,” Johnson said of the aid package. Asked if he was risking his job, he said: “Let the chips fall where they may—if I operated out of fear over a motion to vacate, I would never be able to do my job.”
(See John Kennedy’s 1956 book “Profiles in Courage.” )
The Fed will cut rates. Nick Timiraos of the Journal posts: The BLS's experimental "new tenant rent index" fell again in early 2024, posting the smallest four-quarter increase (+0.4%) since 2010. But the "all tenant" rent index held steady in Q1, rising 5.4%, the same as Q4 .
Markets and Stocks
TSMC says demand for Nvidia’s AI chips is insatiable. TSMC beat revenue and profit expectations in the first quarter on strong AI chip demand. TSMC is the world’s largest producer of advanced processors. See CNBC.
Demand is insatiable.
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