$TXN | Texas Instruments Q1 24 Earnings:
- Rev. $3.66B (est $3.6B)
- EPS $1.20 Vs. $1.85 Y/Y
- Oper Profit $1.29B (est $1.12B)
- CAPEX $1.25B (est $1.21B)
- Sees Q2 REV. $3.65B To $3.95B (est $3.78B)
- Sees Q2 EPS $1.05 To $1.25 (est $1.17)

No other advanced economy runs budget deficits as big as the US and no other advanced economy finances its current deficit as aggressively with short-term issuance as the US (red). The US fiscal train is running completely out of control...

1/ Northumberland County Council has approved a deal with investment giant Blackstone to turn a site in Cambois near the Port of Blyth into a multi billion pound data centre. The proposed £10 billion investment would be one of biggest ever inward investments in UK..

I don't normally get into climate but this is a very balanced piece about how historical temperature records and proxy data is misleading and often abused.

Well worth 29 minutes.

H/T John Dodders

youtube.com/watch?v=DZWWMn…

Green conspiracy theories about sceptics funding on behalf of Big Oil belies the vast sums available to green organisations, who have zero public support and are funded by green billionaires. Here's what's in it for them.

dailysceptic.org/2024/04/23/pro…

The irony of current geopolitics is that many of the West's competitors - e.g. Russia and Iran - would collapse if the EU & US would change their domestic energy policy.

Unleashing the full potential of nuclear & natural gas would destroy energy prices, weakening Moscow&Tehran.

Some better news from #Germany and #France : flash composite #PMI output indices jumped in April 👍

🇩🇪 50.5 (Mar 47.7), >50 implies return to growth

🇫🇷 49.9 (Mar 48.3)

But still led by services: #manufacturing output indices stuck <50 ( 🇩🇪 45.0, 🇫🇷 46.8)

UK data out at 9.30.

UK Wind Power has weakened since yesterday to 5.2GW. We are burning 13.7GW of Gas and 0,4GW of Coal as well as Importing 4.5GW to help keep the lights on.
Nuclear is 5.4GW and Solar 1.7GW.
The price of wholesale electricity has been £75 per MWH over the past 24 hours.

At 8.21am - FTSE 100 - 8,071.63 +47.76 (+0.60%). The rally, still probably a relief one, has gathered a bit more momentum early doors. Inflation and interest rates still remain imponderables - FERREXPO +8.92%, AB FOODS +14.55%

Latest updates on the state of polar bears in this report from Feb 2024, fully referenced polarbearscience.com/2024/02/27/sta…

Latimer Alder You want to see the UK contribution? Here you go, Latimer.

On the left is what the UK greens are cheering, 'We reduced our emissions!!! Aren't we noble!'

On the right is what that's actually done.

w.

Investors price in growing chance of another Federal Reserve interest rate rise via Financial Times
Central Banks haven’t a scobie what’s going on, what do we pay them for!? on.ft.com/3JyS3hz

BRENT CRUDE $87.84, GOLD $2315.20, UK 2-YEAR GILT YIELD 4.31%, 7-YEAR GILT YIELD 4.07%, 10-YEAR GILT YIELD 4.24%, 10-YEAR US TREASURY YIELD 4.61%, CABLE $1.2351 at 5.12am

UK COMPANIES reporting today – Taylor Wimpey, Jupiter Fund Management, AB Foods, Alliance Pharma, Anglo-American, Ferrexpo

US companies posting earnings today – Visa, Tesla, PepsiCo, General Electric, Texas Instruments, Philip Morris, RTX, UPS, Lockheed Martin, Chubb, Freeport McMaHon, General Motors, Kimberly-Clark, Halliburton, Baker Hughes

What a fillip the supply of bullets/missiles can have on the welfare of global equities! Europe/New York purred with relief yesterday. Oil $87. Bond yields calm. Asia positive. Focus now on earnings. Opening calls: FTSE +54 @ 8077 DAX +109 @ 17960 CAC +42 @ 8082 DJIA +18 @ 38257

*TESLA FALLS FOR 7TH-STRAIGHT DAY, MATCHING LONGEST DOWN STREAK

theficouple Well yes but life is for living. Talking boll@coks with a bunch of mates after a few pints is priceless.

Dr Jill Belch 2023 were a record low wildfires in Europe

Arctic sea ice at 20 April 2024 higher than 2004 on the same date: no catastrophe for polar bears so far, who still have plenty of ice habitat for spring feeding