Opening

Golf

PGA Championship at Quail Hollow.

• 156 players. Top 70 make cut.

Qualification Criteria

California Budget

• $12 billion budget deficit.  Newsom is proposing to close the deficit by rolling back state-funded insurance coverage for adults without legal immigration status, cutting coverage for weight loss drugs like Ozempic

1. California: 13.3%
2. Hawaii: 11.0%
3. New York: 10.9%
4. New Jersey: 10.75%
5. Oregon: 9.9%

Investing

• $1000 to every kid.

Home Alarm: $45/ month

Markets

Tariffs

Tariff Game Theory: China has to blink because everyday that passes every company is studying and implementing supply chain changes.

So much panic in last month or so.

• Now Flat year to date
• If investing on April 7.   You are up 17% and 29%
• Downturns is when you make money!!!

Netflix

• All time high: $1182. Up 29% YTD.
• $500 billion market cap.
• Netflix said on Wednesday 94 million subscribers use its advertising-supported tier.

Buffet

• Becoming old. 94 years old. Legend.
• I’m still pissed he didn’t buy Tesla.

Coinbase

• Ransom
• Turning it around. Will pay $20m reward to help find attackers!!!

Tesla

• Stilll planning to go live with Robo-taxi in Austin in June. Shares could explode.
  • $345 today. $480 ATH.
  • If you bought Tesla 10 years ago. You’re up 20x. 35-36% annualized returns.
• Robots dancing shown to Crown Prince and President Trump in Saudi.
• Talk in Saudi:
  • Robots and wanting your own C3P0 or R2-D2 and productivity unlock. Universal “High Income”.
  • How are we doing on Robotaxis. Robots on wheels. Bringing robotaxi to the Kingdom.

Apple

• ATH $258. Now at $211. Was $172
• WHat is a buy-back?

More of Eddy Cue testimony here.

Alphabet/ Google

• Search is dead.
• Cloud, Youtube, Google  Biz suite alive and well.

DOGE

Big Balls

These kids are so hard core. No weekends. They know they’re racing against a media and political clock that won’t thank them for their service.

Requiring receipts: "They were basically partying on taxpayer money."

Recommendations:

• Friends and Neighbors
• Theo Von with David Spade. Listening to Ben Affleck.