All right, welcome to a new episode of the opening bid unfiltered podcast. I'm Yahoo Finance executive editor Brian Sazi and I'm really jazzed up about this episode. I most of you don't know this.I'm a little bit of a uh a collectible fan. Uh I try to collect what I can. I'm probably not collecting the right things.That's why I'm bringing my uh featured guest for this episode, Ghostright founder and CEO Josh Luber, who also co-founded StockX. And Josh um this is one of my most prized collectibles. Now, this ...

You said bubble. No, I'm not in that camp. Why are you not in that camp. >> I'll tell you why.Look, one, you look at OpenAI's recent announcement, which is that they're at 20 billion of topline. And the way that they got there is they 3x capacity and they 3x topline. So every time they bring on capacity, all of that supply, that inference supply is 100% spoken for.We're seeing that story happen over and over again. Whereas in previous, you know, sort of so-called bubble periods, you saw this incredible buil ...

You think about natural gas is it's been stuck in a range between basically two in five for almost 20 years. Every time it gets in the upper range, up around the range of goes down. Now, the key thing that's happening this year was they're having this second colder than normal winter in a row.Despite global warming, that's a bit of a shock. But as Scarlett mentioned, as of Wednesday, the front contract will be March, and that's trading $3.70%. You look at the apex of the bell curve going out to January of n ...

[music] After a stellar 41 plus% gain in [music] 2025, copper kicked off 2026 with a rally above $6 [music] on January 6th. But three critical factors will determine whether prices continue above $6 sustainably or [music] pull back. Demand is surging.S&P Global forecasts a 50% jump [music] to 42 million metric tons by 2040. driven by AI data centers 40 to 50,000 tons each [music] using three to four times more copper than conventional cars and renewable grids supply can't keep pace JP Morgan projects a 330, ...

Market Trends & Drivers - Speculative froth in futures or options markets is contributing to exponential price increases in certain commodities [7] - Electrification efforts are creating industrial demand for copper and silver [4][5] - As gold becomes less affordable, consumers are shifting to platinum and silver, creating retail demand, particularly from India and China [6] Supply & Demand Issues - Under-investment in mining is preventing supply from matching physical and speculative demand for certain metals [3] - Mining and production quality issues are contributing to the outperformance of silver [2] Geopolitical & Economic Factors - Concerns about tariffs are impacting Chinese industrial production demand for copper [8][9] - Chinese industrial production bid for copper has cooled due to slowing growth [9] - Uncertainty surrounding the final tariff rate on processed copper exists [10] Regional Market Dynamics - Copper inventories in America are at their highest levels, anticipating the finalization of tariffs [9] - The spread between COMEX and LME copper prices is wide, reflecting tariff concerns [8]

Lots of Fed speak today. All of it hits as September's mixed jobs report adds some new uncertainty over whether the Fed will move ahead with the December rate cut. Joining us right now is Richard Fiser.He is the former Dallas Fed president, also a CNBC contributor. And Richard, we have talked so much about will they or won't they um that it gets a little tiresome, but you see the action with the market yesterday and it makes you realize that you know the market is kind of hinging to some extent on what the ...

AI Chip Market Dynamics - Transition from training to inference may introduce cheaper, less powerful AI chip alternatives [1] - Nvidia aims for frequent chip upgrades, while cloud players prefer longer lifecycles for accounting purposes [2] - Nvidia promotes the economic benefits of its next-generation chips [3] - Older generation Nvidia chips (V series, A series) and TPUs still command meaningful commercial pricing [5] - Current AI chip market lacks supply-demand equilibrium, with high demand for every available chip [6] Investment and Risk Considerations - Over-investment poses a significant risk, especially for companies doing things on spec [1][8] - Depreciation issues could become significant towards the end of the decade when supply and demand reach equilibrium [7] - A six-year depreciation model and GPU collateralization create risk, particularly without value-added services [13] - Potential impact on valuations if AI demand slows down and companies revise constrained numbers [11][12] Company-Specific Insights - AMD is confident in doubling its total addressable market (TAM), including networking and CPU chips [10] - AMD is experiencing margin growth and data center growth due to supply constraints [10]

We always have to be cautious at reading too much into any one report and that's going to be even more the case when we have a government shutdown that we're not getting the data that we need to make monetary policy in the context of the overall picture of the job market. It seems like the pre-existing trends that were in place before the government shutdown labor market seem to be continuing uh you know at at a similar rate. You continue to see modest potential overall job creation.and you continue to see ...

Major oil producers said the downturn in the chemicals market is showing little sign of easing, with a surge in Chinese supplies and lackluster demand continuing to depress markets https://t.co/A1uZP2VmPx ...

Key Issue - New York City's rent affordability crisis is impacting even the wealthiest residents [1] - Voters overwhelmingly supported Zuran Madam Dani due to the rent crisis [2] Market Dynamics - Rents in neighborhoods like Greenpoint and Long Island City have jumped more than 40% since 2020 [2] - High earning professionals returning with remote work flexibility fueled bidding wars and rapidly escalating prices [3] - Demand is high in a city with 8 million residents, but space is limited [2] Policy & Solutions - Zuran Madam Dani's win signals New York voters are ready for radical change [3] - Proposals like freezing rent and investing in affordable housing will be tested [3]