DHUnplugged #704: The Miracle Flight

Short Week - 4 days of trading - then EOM

The Miracle Flight - I have witnesses this with my own eyes

Cruise anyone?

Global Warming - New Info In

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Warm Up
- Short Week - 4 days of trading - then EOM
- The Miracle Flight - I have witnesses this with my own eyes
- Cruise anyone?
- Global Warming - New Info In

Market Update
- 40,000 ! Then we fail
- Fed Officials Hawkish behind closed doors
- BBQFlation
- Split Excitement!
- Hindenburg Omen

Fed - Two Faced
- Federal Reserve officials grew more concerned at their most recent meeting about inflation, with members indicating that they lacked the confidence to move forward on interest rate reductions.
- Minutes from the April 30-May 1 policy meeting of the Federal Open Market Committee released Wednesday indicated apprehension from policymakers about when it would be time to ease.
- The meeting followed a slew of readings that showed inflation was more stubborn than officials had expected to start 2024.

BBQFlation
- Your Memorial Day barbecue will cost upward of 10 percent more than it did this time last year according to Datasembly
- Datasembly follows the cost of groceries across the country every week. Its recently released data points to this year's Memorial Day festivities costing the average American family about $30.18 or 10.19% more than 2023.
- Burgers jumped from $7.04 in 2023 to $8.07 in 2024, or a change of 14.63% in cost. Hamburger buns cost two cents more, from $3.04 on average to $3.06.

Hindenburg Omen
- Indicator was triggered last week.
- only right about 25% of the time
- Was thought to be able to predict market crashes - let's see what happens.

FED HEAD
- The Federal Reserve should wait for significant progress on inflation before cutting interest rates, Minneapolis Federal Reserve President Neel Kashkari told CNBC on Tuesday.
- Asked what conditions were needed for the Fed to cut rates once or twice this year, Kashkari said: “Many more months of positive inflation data, I think, to give me confidence that it’s appropriate to dial back.”
- He said the central bank could potentially even hike rates if inflation fails to come down further. “I don’t think we should rule anything out at this point,” Kashkari added.

Could we finally get relief from these thieves?
- The U.S. Department of Justice is suing to break up Live Nation, the parent company of Ticketmaster, over alleged antitrust violations.
- The lawsuit, joined by 30 states and filed Thursday, follows a DOJ investigation into whether Live Nation maintains a monopoly in the ticketing industry, a probe launched in 2022 and bolstered by fan complaints following a botched roll out for tickets to Taylor Swift's Eras tour.
- In a statement, Live Nation said the DOJ's allegations of a monopoly are "absurd."
- "The DOJ's complaint attempts to portray Live Nation and Ticketmaster as the cause of fan frustration with the live entertainment industry. It blames concert promoters and ticketing companies—neither of which control ticket prices—for high ticket prices. It ignores everything that is actually responsible for higher ticket prices, from increasing production costs to artist popularity, to 24/7 online ticket scalping that reveals the public's willingness to pay far more than primary tickets cost," said Dan Wall, Live Nation executive vice president for corporate and regulatory affairs.

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Miracle Flights
- The 1986 Air Carrier Access Act requires airlines to provide a wheelchair to passengers with disabilities at the airport. The problem: Many travelers are faking it,