What about in terms of the compute capacity. Talk about it in gigawatts, then a gigawatt per week working the goal of one gigawatt per week. That would be sense goal, but we can start with one gigawatt per month. So you think you can add one gigawatt per month next year, starting next the second half of the year, second half of the year. So you think you can add six gigawatts next year.I'm not sure. It really depends on our starting our new way of doing things. It takes time.But eventually we will. We're go ...

Potential labor shortage threatens the speed at which new capacity can be brought online. Kate Rogers is in San Francisco and she has that story for us this morning. Kate, >> hi again.David, it seems like we're getting a data center announcement weekly at this point in the frenzy to help feed the need for AI demand. But as you mentioned, there's a glaring bottleneck here that predates the artificial intelligence boom, and that's labor. In manufacturing, construction, and electrical trades, there's an ongoin ...

Labor Market Challenges - Ford currently has 6,000 open positions for auto mechanics, indicating a shortage of skilled labor in the automotive industry [1] - The US faces a challenge in filling critical jobs, potentially impacting various sectors [1][2] - Many jobs in the US remain unfilled, posing a significant problem for service industries, farming, and factories in the future [2] Immigration and Economic Growth - The US historically relied on immigrant populations to fuel jobs and drive prosperity [2] - The country's future economic success depends on attracting immigrants to fill jobs that Americans may not want [2]

Industry Overview & Market Size - The US freight industry is nearly a $1 trillion market, with trucks accounting for nearly 80% of intrastate shipments [3] - The long haul trucking market and the regional/middle mile segment each represent about $300 billion [6] - Goldman Sachs expects the self-driving truck market to increase by over 13,000% in four years, from $130 million in 2026 to $18 billion in 2030 [7] Autonomous Trucking Technology & Deployment - Aurora is running fully driverless 18-wheelers on public freeways between Dallas and Houston [4] - Aurora has observed 14% fuel savings using autonomous driving compared to manual driving [5] - Aurora has driven 3 million miles in autonomy, including 50,000 driverless miles, with a perfect safety record [5] - 24 US states have opened their doors for autonomous freight operations, with Texas leading in regulatory environment [7] - Germany allows testing of autonomous driving up to level 4, but lags behind the US in real-world testing due to stricter regulations [17] Labor Market & Economic Impact - Autonomous trucking could add over 450,000 jobs to the American economy over the next 15 years [31] - The average age of truck drivers in the United States has increased from 35 to 55 in the last 20 years [27] Cost Analysis - Goldman Sachs analysts expect the cost per mile for driverless trucks to fall from $6.15 to $1.89 by 2030 [24] - Human-driven truck costs could increase from $2.61 to $2.80 per mile over the same period [24]

Thisisastoryabout thetwostreetof immigration. The UnitedStatesisknown asameltingpot createdbywavesof immigrants. Whilethe USturnsawayfrom foreignworkers,it turnsoutthatJapan historicallymuch morehomogeneoushas itsownversionof growththrough immigration.Our collereportsthat makingitwork requiresboththe immigrantsandthe nativestomakesome adjustments. [音楽] Foxtownsupermarket canfindeverything frombrailiancoffee todelicaciana butthisisnotpaid inprefectureinJapan hasbeenreportingon thisunlikely it'sonlystilla cou ...

Tonight, Nashville and Chicago are the late breaking airports dealing with delays due to a shortage of controllers. The FAA warning that Philadelphia, Indianapolis, Albuquerque, Dallas, Houston, and Boston could also be affected. All fueling concern that what happened in Burbank could soon spread.Controllers in the tower pilots had to call San Diego controllers as delays quickly grew. Shortages have also caused delays at Newark, Denver, and Phoenix. Controllers are expected to work without pay for now, even ...

This morning when I woke up, there was 6,000 bays in our dealerships with no technician. So, can't get my car fixed. Nope.Two weeks. Average weight is two weeks. Not because we don't have the parts, we don't have the mechanics, factory workers, construction workers, farmers, all the people that move things, truck drivers, rail workers, and people fix things.Plumbers, electricians, HVAC, all the people that basically work with their hands. Why is there a shortage of these workers. Well, it's a complicated pr ...

Core Insights - The discussion highlights a significant shortage of skilled labor in essential industries, particularly in automotive repair, with approximately 1 million job openings across the economy and 6,000 technician shortages specifically at Ford [2][6][9] - The productivity of blue-collar workers has not kept pace with white-collar workers over the past 20 years, contributing to the labor shortage [3][15] - There is a societal stigma associated with blue-collar jobs, which affects the perception and attractiveness of these roles to potential workers [4][8] Labor Shortage and Economic Impact - The shortage of skilled workers is leading to longer wait times for vehicle repairs, averaging two weeks due to a lack of mechanics [6] - The construction industry is also feeling the impact, with project costs increasing from $4 billion to $5 billion due to labor shortages [13] - If the labor gap is not addressed, it could lead to inflation and delays in infrastructure projects, with current bridge construction timelines extending from 10 years to potentially 20 years [10][12] Company Initiatives - Ford is actively working on programs to address the skills gap, including apprentice programs and partnerships with trade schools [14][15] - The company aims to enhance productivity for essential workers by providing AI tools, although this requires significant investment [15][16] - Ford's CEO emphasizes the need for support from the government to reduce tariffs on imported parts, which currently add up to a $2 billion cost burden [16][20] Electric Vehicle Market Insights - The demand for electric vehicles (EVs) is not as high as anticipated, with consumers reluctant to pay a premium for larger battery models [21][22] - Ford is adapting its strategy to focus on affordable EVs, targeting a price point of $30,000 to attract buyers [24] - The competitive landscape includes significant challenges from companies like BYD, which have strong government support and established intellectual property [23][24]

I assume you're happy with the move today. Maybe you wanted something bigger You can tell us. Was President Trump right, though.Jay Powell too late. Well, listen, I really support the action that the Federal Reserve took today. And I think, you know, as Jay Powell said today, they are balancing to risk their balancing the risks of inflation on the one hand and the risks of declining employment on the other hand.So I don't second guess the decision that the Fed made today. I think that the problem that we al ...

Summary of Distribution Solutions Group (DSGR) Conference Call Company Overview - **Company**: Distribution Solutions Group (DSGR) - **Industry**: Specialty distribution for maintenance, repair, operating (MRO), OEM, and industrial technologies - **Revenue**: Approximately $2 billion - **Free Cash Flow**: About $175 million - **Adjusted EBITDA Margin**: Ranges from 9% to 10% [4][41] Core Business Verticals 1. **Lawson Products**: Focused on MRO, servicing around 80,000 customers with class C fasteners and consumable items [4][25] 2. **Jexpro Services**: OEM-focused distributor serving about 2,000 customers, providing high-value services [4][27] 3. **Test Equity Group**: Accounts for about 40% of DSG's revenue, servicing the industrial technology space with test and measurement equipment [4][24] Key Points and Arguments - **High Touch Distribution**: DSG emphasizes its role as a high-touch, value-added distributor, providing not just products but also expert technical support and just-in-time delivery [5][6] - **Market Diversification**: DSG services over 200,000 customers and works with more than 10,000 suppliers, ensuring no single customer accounts for more than 3% of sales [20][19] - **Acquisition Strategy**: DSG has completed nine acquisitions in the last three and a half years, deploying about $550 million in capital [8][33] - **Revenue Growth**: Total revenues increased by over 14% year-over-year, with 3.3% attributed to organic growth, particularly from Jexpro Services [35] - **Customer Retention**: DSG boasts a revenue retention rate of approximately 92%, indicating strong customer loyalty [19] Financial Performance - **EBITDA Growth**: The company has seen EBITDA margins improve from less than 8% pre-DSG to around 10% currently, with a target of reaching 13.5% [20][41] - **Cash Flow Generation**: DSG operates with an asset-light model, with only about 1% of revenues allocated to capital expenditures, allowing for significant free cash flow generation [13][31] - **Share Buybacks**: DSG has repurchased approximately $20 million in shares in the first half of the year, indicating a commitment to returning capital to shareholders [31][38] Market Position and Future Outlook - **Onshoring Trend**: DSG is well-positioned to benefit from the trend of onshoring and near-shoring manufacturing back to the U.S. [22] - **Labor Challenges**: The company provides skilled sales support to help customers address labor shortages, enhancing its value proposition [22][23] - **Technological Advancements**: The Test Equity Group is positioned to capitalize on advancements in technology, particularly in IoT and electronic production [24] Additional Insights - **Vendor Managed Inventory (VMI)**: DSG employs VMI strategies, placing bins and cabinets at customer locations to streamline inventory management [14][15] - **Competitive Moat**: The extensive service offerings and technical expertise create a competitive advantage, making DSG a preferred partner for many customers [12][10] - **Vertical-Specific Strategies**: Each vertical operates with distinct sales strategies and customer bases, ensuring tailored approaches to market demands [18][19] This summary encapsulates the key points discussed during the conference call, highlighting the strengths, strategies, and financial performance of Distribution Solutions Group.