Markets. 

• The Text Message I just got.  Crypto and delaying laundry?! 
• Down 17%. Tech down 25%. 
• Housing.

• Homes in August sat on the market an average five days longer than they did a year ago.
• The median listing price in August dropped to $435,000 from $449,000 in July
• The average home sold for less than its list price for the first time in more than 17 months during the four-week period ended Aug. 28, according to Redfin
• Nord Stream Pipeline closed again. Russia booking record profits. 
  • Long cold winter for Germany.   

Biden Speach: 

• Red lights. Looks like Nazi Germany. Portnoy Rant.  
• Who are Maga Republicans? 5%, 10% far right? 49%? Far “left” just as dangerous. He just speak to the extremes if he wants to “unite” the country. 

White house seeking $12b for Ukraine. In addition to $40b already approved. 

• Roger Waters on American politics. 
• And in Mississippi. 

Nvidia: 

• On July 27 Pelosi sells Nvidia stock.
• Aug 26 Government says can’t sell advanced chips to China. 

Energy (in California)

August 24 CA bans the sale of gasoline cars by 2035. 

August 30: Stop charging electric vehicles. May have rolling blackouts.  

Diablo Canyon Closure and then re-open.LA Times: 

How much does that plant produce? From PG&E directly:

18,000 gigawatt hours. ~10% of California’s energy needs. 

For years, Diablo Canyon has continued to safely produce clean and reliable energy without greenhouse gases (GHG), avoiding 6 to 7 million tons per year of GHGs that would be emitted by conventional generation resources. Built to withstand extreme natural disasters, including earthquakes, Diablo Canyon’s design features state-of-the-art seismic supports

Russia throttling gas to Germany. 

We need energy independence, which means mining too.   

Tesla

• Investment grade debate. Answer from Moody’s.  Narrow product line.  
• AXA Tesla video and apology.
• Volkswagon sucks at software. This is where most car companies are. https://www.bloomberg.com/news/features/2022-09-01/porsche-boss-faces-software-woes-keeping-vw-steps-behind-tesla-tsla
• Bill that Targets Tesla self-driving approved in CA. 
• Tesla FSD 10.69.1 69 minutes non-stop driving in SF. 
• Record delivery for Aug and Sept is Shanghai. 

Netflix: 

• Advertising live Nov 1!? 
• $7-9 pricing. 
• Sources confirmed the new Nov. 1 launch date, which was previously reported by the Wall Street Journal. Netflix and its exclusive ad partner, Microsoft, have requested ad buyers submit initial bids next week, with a “soft $65 CPM” — the cost per thousand views — meaning that the company is open to negotiating the ad rates. That’s well above industry CPMs of sub-$20.

Recommendations: 

Joe Rogan: Tim Dillon and Zuckerberg

Pam and Tommy. So dumb! But can’t stop watching. Sex and Rock n Roll.