Before the Russian conflict, the Indians bought less than 2% of their oil from Russia. Less than 2%. And now they're buying 40% of their oil from Russia.What they're doing is because the oil is sanctioned, it's really, really cheap because the Russians are trying to find people to buy it. And so the Indians have just decided, ah, the heck with it. let's buy it cheap and make a ton of money.But you know what. That is just plain wrong. It's ridiculous.And they either need to decide which side they want to be ...

I think we're on the foothills of a credibility crisis. We're not there yet because people believe that ultimately US in institutions endure and uh succeed. But between the president's demand that interest rates be cut by 3 percentage points, which no economist anywhere has endorsed any idea of that kind, between the harshness of the president's rhetoric visav uh chairman uh Powell, between the extraordinary effort to fire a sitting uh Fed governor with no kind of due process surrounding the fore cause prov ...

So, this is the biggest 1-day drop in rates since August of last year. The average on the 30-year fix dropped 16 basis points this morning to 6.29%. That according to Mortgage News Daily, and that is the lowest rate since October 3rd of last year.So, we're finally breaking out of this high 6% range that it's been in for many months. Mortgage News Dy's Matt Graham also says many lenders are priced better than this at rates of 6.125% and many lenders will be quoting in the high fives today. So it's a major di ...

Uh joining me now is top chip analyst Bernstein and Stacy Rasgen and Broadcom shareholder Blueline Capitals Bill Baroo. Thank you both for being here. Uh Stacy, there are, you know, reports out there that it's OpenAI that's working with Broadcom to develop a custom AI chip.What do what do you see as the implications of that. Yeah, you bet. So, by the way, it's it's been speculated. It's open AI. It's plausible.Whoever this is is moving very very quickly. um seems to sort of fit with their uh persona. Now, t ...

Welcome back. We're getting exclusive new reporting on what led to the abrupt departure of Adriana Cougler from the Fed. Aean Javver is breaking that story for us. Hi, Aean. Hey there, Leslie. Former Federal Reserve Governor Adriana Cougler's abrupt resignation from the board on August 1st and her unexplained absence at a key meeting two days later left the financial community shocked and confused. And the mystery surrounding Cougler's resignation has gained a new urgency in the weeks since, especially beca ...

So it's included a shareholder initiated proposal for Tesla to invest in X A. I. Your reaction, please.Great. Very happy. Obviously, we have worked on that for a while now.It all started last year when another retail shareholder, Gali, asked Deal on whether that is possible. At that point, obviously access valuation was much lower. Ilan had then responded that he would ask.The board came back a couple of quarters later saying this needs a shareholder vote and then shareholders asked for a proposal to be inc ...

We come to you every Tuesday because of, like, you know, the rich data that you have on your own technology platform. But the most simple place to start is to say, look at Mike's reporting. The breakdown of the latest jobs report and say, Is I impacting any of the technology sector just yet.The short answer is yes. We're seeing the impacts. We're seeing the job growth slow. We're seeing unemployment tick up.But what we're seeing really is transformation in the workplace. You're seeing every job is changing ...

Treasury Secretary Scott Besson has published a broad and sweeping criticism of the Federal Reserve in an issue which is now online and we've read the whole thing uh or most of the whole thing uh in the magazine called the international economy. Uh in the article he calls for an internal Fed review of its policy and all of the things it does and even suggests that the regulatory function the bank regulatory function should perhaps be stripped from the Federal Reserve says the FDIC and the Office of the Cont ...

Let's bring in Klay Seagull, senior fellow for energy security at the Center for Strategic and International Studies. A little tight here with this Ken View breaking news. Clay, um even if they raise output levels, which it's likely they will, do you think they would be able to follow up with real meaning the actual barrels or is it going to be a hike mostly on paper.Hey, Brian, happy Friday. Yeah, that's always the issue going into these supply hike decisions and you and I have seen this a number of times ...

Cristiano, last night the the president hosted a number of technology leaders at the White House. I believe you're invited but but unable to attend and his message was very simple. Tariffs are coming specific to chips, but those that invest in America will be spared.How is Qualcomm thinking about that. You know, a lot of emphasis gets put on TSMC in Arizona, but is that like big enough to serve all of you. Yes, it's unfortunate that we couldn't attend.Uh we we send a representative, but we had the big party ...