April 7 birthdays

https://www150.statcan.gc.ca/n1/daily-quotidien/240521/dq240521a-eng.htm

The CPI for April 2024 is 2.7%
See StatsCanada's website for details: https://www150.statcan.gc.ca/n1/daily-quotidien/240521/dq240521a-eng.htm?HPA=1
StatsCanada will be making a post shortly with additional details.

• u/EmergingMWatch on PiQSuite.com

Full Story → https://PiQSuite.com/emergingMarketWatch/lebanon-cpi-inflation-eases-to-597-yy-in-april

ANALYSIS section will be posted separately on my sub Tradingedge
DATA LEDE:

• RBA minutes - Australia
• Said they will try not to excessively fine tune policy
• Future changes to cash rate are difficult to rule in or out
• CPI short term variation can be easily and reasonably overlooked
• Recent data does point to slightly increased inflation risks
• NEUTRAL/HAWKISH overall
• Australia consumer confidence numbers drop 0.3% MOM
• German PPI came 0.2% MOM vs 0.2% expected, in line with last months reading.
• YOY came in at -3.3% slightly below expected value of -3.2%. Came in light which is good for German inflation picture.
• Yellen Speech - no real meaningful comments
• EU balance of trade numbers hit a new yearly high. Points to improving world demand environment.
• Fed speakers include:
• Barkin, Waller, Williams, Bostic, Barr
• BoE’s Bailey to speak too

MARKETS:

• SPX: Maintained above 5300, now trading at 5311. Yesterday, touched 5325, before moving lower again. DJI: Trading at 39,813, just below 40k. Opened yesterday above 40k but moved lower on JPM weakness.
• Nasdaq: trading flat at 18,665. Support will now be at around 18,350.
• Ger40: Slightly lower today, at 18,600. Some slight profit taking near the highs.
• HKG50: Moving lower again for 2nd day in a row. Now at 19,240. Yesterday, was at 19,750 at one point. So down 2.7% across yesterday and today.
• Oil - hit 80 yesterday on WTI but was rejected off there. Lower today to 78, down by 1.5%. Back to range bound.
• Gold: Trading at 2418, Support at 2400.
• VIX: After getting crushed to 12 yesterday, bounced up off of there, now higher.

FX:

• DXY moving flat today and yesterday, around 104.5
• Had fallen to 100d moving average after CPI then moved higher, bouncing from there.
• EURUSD positioning still bullish, flat, slightly higher at 1.087
• GBPUSD moving higher again, trading at 1.272
• AUDUSD at 0.667,
• Has broken out of the long term downtrend.

EARNINGS:

• PANW Current Quarter:
• Revenues of 1.985B beat by 0.8%. Revenues rose 15% YOY
• Products revenue beat by 1.2%
• Subscriptions and support revenue beat by 0.3%
• EPS of 1.32 Beat expectations of 1.25 - beat by 5.6%
• Operating income was 508M, beat by 3.5%
• Operating margin was 25.6% , beat by 69 bps
• Billings came more or less in line
• Deferred revenue basically in line, slight miss.
• NEXT QUARTER GUIDANCE:
• EPS of 1.41 v slightly missed expectations of 1.42
• Revenue came in line with consensus at 2.16B
• Billings guidance beat consensus v slightly.
• FULL YEAR GUIDANCE:
• EPS of 5.56-5.58 beat estimates of 5.51
• Revenue of 8B beat estimates of 7.98B
• Billings of 10.15.5B was up 10-11% YoY
• CEO Nikesh Arora: Enthusiastic response to pjatformization and AI infused security outcomes.
• In conference call said that billings isn’t the only important measure, hence investors should overlook the slight softness in billings.
• Said cybersecurity demand will continue to grow for next several quarters, and PANW will benefit.
• Cyberattacks are scaling and aren’t going away. AI will increase these threats. So the tailwinds for PANW are very strong.

XPEV

• EPS of -0.75 was much better than the -2.06 expected
• Revenue of 6.55B beat estimates of 6.19B. Up 63% YOY, but down 50% QOQ
• Vehicle margin was 5.5%, which was up from 4.1% last quarter, and up form -2.5% last year SO VEHICLE MARGIN IMPROVED
• Vehicle sales came in at 5.54B yuan, up 50% YOY but down 50% QOQ
• Gross margin was 12.9%, up from 1.7% last year and 6.2% last quarter
• SO MARGINS IMPROVED, SALES WERE WORSE THAN LAST QUARTER
• In April saw 9,393 vehicles delivered
• Partnership with Volkswagen group on E/E architecture
• Release of AI powered functions
• GROSS MARGIN IMPROVEMENT DESPITE COMPETITION AND OTHERS CUTTING PRICES WAS A KEY BENEFIT.

NEXT QUARTER GUDIANCE:

• Revenue 7.5-8.3B miss by 15%
• Delivered of 29-32K. Up 30% YOY

MACYS:

• Current quarter:
• ADJ EPS $0.27 vs. $0.56 y/y, EST $0.14. BEAT
• EPS $0.22 vs. $0.56 y/y
• Net sales $4.8B, -3.7% y/y, EST $4.81B. IN LINE
• Gross margin 39.2% vs. 40% y/y, EST 39.6%. MISS
• SG&A expense $1.9B, -2.6% y/y, EST $1.98B. MISS
• GUIDANCE:
• Raised guidance from 2.45-2.85 to 2.55-2.9.
• Raised by 4%
• Beat estimates by 4%, although is a wide guidance
• Sees Net sales at 22.3-22.9B, raising bottom end up slightly from 22.2B.
• More or less in line with guidance.
• Merchandise margins down 100bps due to additional discounting
• Merchandise inventories are well positioned for upcoming summer season
• Credit card revenues down slightly due to higher delinquency rates
• Turnaround plan showing signs of progress as they beat and raise guidance.

LOWES:

• Current quarter:
• EPS of 3.67 beat estimates of 2.95
• Revenue of 21.4B was down YOY by 4%, but beat estimates by 1.3%
• Comparables sales were down 4%
• Reaffirms FY guidance:
• EPS of 12-12.3 vs estimate of 12.19. So miss slightly by 0.4%
• Revenue of 84-85B, basically in line.
• EXPECTS COMPARABLE SALES TO BE DOWN 2-3% vs estimates of 2.43% down.

MAG 7:

• MSFT yesterday, said that Copilot Plus PCs will be based on Qualcomm’s snapdragon X Elite chips, and will offer 15 hours of web browsing and 20 hours of video battery life. MSFT says it’ll outperform MacBook Air.
• On Copilot Plus, Neural processor enables new AI features such as recall for a searchable PC memory.
• MSFT estimates 50 million AI PCs will be sold over the next year. Said its rearchitectured Windows 11 is 58% faster than Apple’s MacBook Air.
• MSFT - restructures Windows 11 for better ARM hardware support and AI integration. Introduces prism emulator, launched to improve compatibility with older x86 and x64 apps. MSFT says Prism emulator is 20% faster than previous versions.
• AAPL - Files law suit to overturn $1.8B EU antitrust fine over App Store rules. AAPL is challenging a 1.8B fine.
• MSFT - OpenAI will be sued by Scarlett Johansson for basically copying her voice against her explicit instruction not to.
• TSLA - Tesla shareholder group still not happy with Elon Musk’s $56B pay package. Urged other investors to reject a $56B pay package.

OTHER COMPANIES:

• XPEV higher on their strong earnings
• MACYS higher on improving picture
• LOW - higher on earnings
• Crypto stocks higher on strong Bitcoin performance
• LRCX 10-1 stock split
• PANW lower on eanrings, seems harsh to me. Other crypto names down in sentiment.
• Chinese stocks lower as Hong Kong MARKET down 1.5% today.
• NOVA - Piper Sandler downgrades Sunnova Energy to neutral from overweight, lowered price target to 4.50 from 9. Analyst had upgraded sun nova in December on expectation of lower rates, but rates have stayed high.
• Li - postpones the launch of its all electric SUVs to the first half of 2025, citing inadequate charging stations and other constraints. CEO emphasised the need for sufficient branded charging stations and more display spots.
• DOWN 4% AGAIN TODAY ON THIS.
• BABA - Alibaba cloud slashes prices for its latest LLM model, Tongyi Qianwen, by up to 97%
• BIDU - in response to Alibaba’s move, BIDU made its ENITRE Speed and ENIRE lite models entirely free to use.
• So we are seeing price wars in AI market.
• JPM says that they will not be increasing buybacks of JPM stock at these prices. Will just continue with previously outlined buyback pace.
• Jamie Dimon also hinted at retirement in the speech, hence JPM lower yesterday
• DELL - Citi raises dell price target to 170 from 125. Optimistic they can gain market share more in AI.
• JD - announces a proposed offering of $1.5B in convertible senior notes, due 2029. Will use proceeds to repurchase shares and expand overseas business.
• PTON - plans global refinancing to address debt. Secured nearly $1.4B in new credit facilities.
• ASML and TSM said they have measures in place to remotely disable advanced EUV chip making machines if China was to invade Taiwan.
• QCOM - shares were higher yesterday after Several big companies including Dell and MSFT announced AI laptops using Qualcomm’s snapdragon X elite chip. MSFT says these devices will outperform apple MacBook Air M3.
• ARM - MSFT will announce Arm powered laptops
• WEN - launches a $3 breakfast deal, including small seasoned potatoes, choice of bacon, eggs and cheese or sausage, eggs and cheese muffin. Rivals Mcdonalds $5value meal
• DASH - expanded its partnership with ULTA beauty to offer on demand delivery in under an hour from 1350 stores across all 50 states.
• VFS - US regulators are probing a vin fast VF 8 Crash, that killed 4 in California.
• LLY - secures china approval for diabetes drug, Tirzepatide. Received approval in China for its diabetes drug.
• BA - one killed on Singapore Airlines Boeing 777 due to severe turbulence.
• DIS - Redburn upgrades to neutral from Sell. Price target 100.
• Samsung - appoints new chief for its chip business, amid competition.

OThER NEWS:

• BTC higher to 72K.
• ETH popped 20% yesterday on renewed optimism for ETF, that SEC might green light spot ether ETFs ahead of first deadline later this week.
• Yardeni research sees Dow Jones DJI at 60k and SPX at 8k by 2030
• Mester’s comments yesterday:
• 3 rate cuts this year is no longer appropriate.
• April CPI was good, but too soon to say what path inflation is on. She said she doesnt think about rate cuts in terms of when. We can raise rates but its not base case. That’s bearish, but also unrealistic. I think there’s less risk now that we are too restrictive, and inflation risks are to upside.
• BEARISH COMMENTS FROM MESTER OVERALL
• Jefferson’s Comments yesterday:
• April inflation was encouraging. Labour market coming into better balance. Inflation decline isn’t as fast as we had liked. Policy is restrictive. - NEUTRAL comments, I’d say.
• Following these comments, Bank of America said that whilst the bar for rate hikes is still v high, rate cuts are still far off. Said Services inflation still running way above target.
• Bank of America believes markets got excited at the print, said markets pricing 50bps of cuts are likely to get disappointed.
• Did push back on stagflation narrative.
• SPACEX Q1 launch report shows that SpaceX is now launching 87% of all payload to orbit, a new record high.
• New Yorkers on average earned $89K last year, meaning that without spending more than 30% of annual income on rent, they can afford $2,216 on housing. That’s only enough to afford 4.4% of rentals.
• Marko Kolanovic held his bearish outlook on stocks, urging clients not to buy. So not all bears are capitulating.
• Fidelity ethereal fund says that the trust’s Ether will not be staked.
• IMF official expects next stage for BOE is to ease rates, says UK monetary policy is at inflection point. Actions by UK authorities are paying off.
• Said BoE should cut rates by 50-75bps in 2024.
• Upgraded UK growth forecast to 0.7% this year from 0.5% previously
• Dubai Airport expects record passenger traffic this year, set to top 100M by 2027.

For more of my content, please join Tradingedge

Well here we are, FG, our first decades tournament, the 2010’s. Thank you to everyone who nominated movies, and let’s get right into it!
Results of Round 1

• Spider-Man Into the Spider-Verse (2018) (9) beat 10 Cloverfield Lane (2016) (8) and Sorry to Bother You (2018) (6)
• Snowpiercer (2013) (11) beat 12 Years a Slave (2013) (7), and Spotlight (2015) (6)
• Skyfall (2012) (9) beat 127 Hours (2010) (8) and Spring Breakers (2012) (7)
• First Reformed (2017) (10) beat Skate Kitchen (2018) (3), and Steve Jobs (2015) (3)
• 1917 (2019) (9) beat Sing Street (2016) (6), and Stoker (2013) (6)
• Silence (2016) (14) beat 20th Century Women (2016) (4) and Stray Dogs (2013) (3)
• Sicario (2015) (17) beat Sunset (2017) (3) and 50/50 (2011) (3)
• Shutter Island (2010) (11) beat A Field in England (2013) (5), and Tabu (2012) (2)
• A Ghost Story (2017) (13) beat Short Term 12 (2013) (6), and Tehran Taboo (2017) (1)
• A Separation (2011) (7) tied with Shoplifters (2018) (7), and beat The Act of Killing (2012) (3)
• The American (2010) (8) beat A Silent Voice (2016) (2), and Shin Godzilla (2016) (2)
• The Assassin (2015) (11) beat Shame (2011) (7), and A Star is Born (2018) (5)
• Scott Pilgrim vs the World (2010) (11) beat Ad Astra (2019) (6), and The Avengers (2012) (4)
• The Babadook (2014) (10) beat All is Lost (2013) (7) and Rubber (2010) (4)
• Annihilation (2018) (15) beat Room (2015) (5), and The Babysitter (2017) (2)
• Roma (2018) (12) beat April and the Extraordinary World (2015) (4), and The Conjuring (2013) (3)
• The Big Short (2015) (7) beat Aquarius (2016) (5), and Right Now, Wrong Then (2015) (0)
• Arrival (2016) (16) beat Raw (2016) (3), and The Big Sick (2017) (1)
• Atomic Blonde (2017) (6) beat Rango (2011) (5) and The Captain (2017) (3)
  
• The Ballad of Buster Scruggs (2018) (8) beat Post Tenebras Lux (2012) (3), and Bait (2019) (1)
  
• Portrait of a Lady on Fire (2019) (10) beat Barbara (2012) (1), and The Counselor (2013) (1)
  
• The Death of Stalin (2017) (8) beat Popstar: Never Stop Never Stopping (2016) (6), and Beasts of No Nation (2015) (3)
  
• Birdman (2014) (7) tied Phoenix (2014) (7) and beat The Double (2013) (2)
  
• Black Swan (2010) (11) beat Phantom Thread (2017) (8), and The Drop (2014) (3)
  
• Blade Runner 2049 (2017) (11) beat The Florida Project (2017) (9), and The House That Jack Built (2018) (2)
  
• The Grand Budapest Hotel (2014) (15) beat Blindspotting (2018) (2), and Paddington 2 (2017) (1)
  
• Blue is the Warmest Color (2013) (7) beat Only Lovers Left Alive (2013) (6), and The Great Beauty (2013) (2)
  
• The Handmaiden (2016) (11) beat Bone Tomahawk (2015) (7), and Only God Forgives (2013) (4)
  
• Once Upon a Time....In Hollywood (2019) (15) beat The Hateful Eight (2015) (8), and Bridge of Spies (2015) (4)
  
• Boyhood (2014) (7) beat Once Upon a Time in Anatolia (2011) (5), and The Hollars (2016) (2)
  
• O.J. Made in America (2016) (10) beat Parasite (2019) (9), and Brooklyn (2015) (5)
  
• Nightcrawler (2014) (12) beat Burning (2018) (7), and The Hunger Games: Catching Fire (2013) (1)
  
• Nebraska (2013) (7) beat The Hunt (2012) (4), and Byzantium (2012) (4)
  
• Mysteries of Lisbon (2010) (4) beat Carlos (2010) (3), and The Imposter (2012) (2)
  
• Carol (2015) (12) beat The Irishman (2019) (6), and mother! (2017) (3)
  
• The Lighthouse (2019) (9) beat Moonrise Kingdom (2012) (8), and Cemetery of Splendour (2015) (4)
  
• Moonlight (2016) (9) beat The Killing of a Sacred Deer (2017) (5), and Chappie (2015) (3)
  
• Molly’s Game (2017) (8) beat Coherence (2013) (7), and Cloud Atlas (2012) (4)
  
• The Master (2012) (11) beat Mission Impossible: Fallout (2018) (6), and The Martian (2015) (5)
  
• Cold War (2018) (5) ties Meek's Cutoff (2010) (5), and beats The Missing Picture (2013) (2)
  
• The Nice Guys (2016) (14) beat Contagion (2011) (5), and Mary Poppins Returns (2018) (2)
  
• Margaret (2011) (9) beat The Place Beyond the Pines (2012) (6), and Creed (2015) (2)
  
• Dawn of the Planet of the Apes (2014) (8) tied with The Raid 2 (2014) (8), and beat Maps to the Stars (2014) (3)
  
• Drive (2011) (17) beat The Revenant (2015) (6), and Mandy (2018) (4)
  
• Django Unchained (2012) (11) beat The Salesman (2016) (3) and Made in Dagenham (2010) (2)
  
• Mad Max: Fury Road (2015) (9) beat Train to Busan (2016) (5), and Diamantino (2018) (1)
  
• Eighth Grade (2018) (5) beat Elle (2016) (4), and Long Way North (2015) (2)
  
• The Turin Horse (2011) (10) beat Logan (2017) (9), and El Camino: A Breaking Bad Movie (2019) (0)
  
• The Way Back (2010) (8) beat Locke (2013) (5), and The Tree of Life (2011) (4)
  
• Embrace of the Serpent (2015) (10) beat Little Women (2019) (6), and The Whispering Star (2015) (2)
  
• Enemy (2013) (6) tied with The Wind Rises (2013) (6) and beat Like Someone in Love (2012) (3)
  
• Life of Pi (2012) (9) beat The Witch (2015) (8), and Evangelion 3.0 You Can (Not) Redo (2012) (1)
  
• The Wolf of Wall Street (2013) (7) beat Leave No Trace (2018) (6) and Exit Through the Gift Shop (2010) (3)
  
• Ex Machina (2014) (9) beat Thoroughbreds (2017) (4), and Le Havre (2011) (3)
  
• Three Billboards Outside Ebbing, Missouri (2017) (13) beat Ladybird (2017) (9), and Extremely Wicked, Shockingly Evil and Vile (2019)
  
• La La Land (2016) (13) beat 13 Assassins (2010) (4), and White Boy Rick (2018) (1)
  
• The Social Network (2010) (11) Four Lions (2010) (5), and Kung Fu Panda 2 (2011) (2)
  
• Get Out (2017) (7) beat Two Days, One Night (2014) (5), and Konosuba Legend of Crimson (2019) (1)
  
• Uncle Boonmee Who Can Recall His Past Lives (2010) (7) beat Girlhood (2014) (4), and Klaus (2019) (1)
  
• Under the Skin (2013) (13) beat Kingsman: The Secret Service (2014) (3), and God Bless America (2011) (2)
  
• Upstream Color (2013) (8) beat Killer Joe (2011) (7), and I Saw The Devil (2010) (4)
  
• Good Time (2017) (11) beat Joker (2019) (6), and Us (2019) (2)
  

View Poll

DATA LEDE:

• RBA minutes - Australia
• Said they will try not to excessively fine tune policy
• Future changes to cash rate are difficult to rule in or out
• CPI short term variation can be easily and reasonably overlooked
• Recent data does point to slightly increased inflation risks
• NEUTRAL/HAWKISH overall
• Australia consumer confidence numbers drop 0.3% MOM
• German PPI came 0.2% MOM vs 0.2% expected, in line with last months reading.
• YOY came in at -3.3% slightly below expected value of -3.2%. Came in light which is good for German inflation picture.
• Yellen Speech - no real meaningful comments
• EU balance of trade numbers hit a new yearly high. Points to improving world demand environment.
• Fed speakers include:
• Barkin, Waller, Williams, Bostic, Barr
• BoE’s Bailey to speak too

MARKETS:

• SPX: Maintained above 5300, now trading at 5311. Yesterday, touched 5325, before moving lower again. DJI: Trading at 39,813, just below 40k. Opened yesterday above 40k but moved lower on JPM weakness.
• Nasdaq: trading flat at 18,665. Support will now be at around 18,350.
• Ger40: Slightly lower today, at 18,600. Some slight profit taking near the highs.
• HKG50: Moving lower again for 2nd day in a row. Now at 19,240. Yesterday, was at 19,750 at one point. So down 2.7% across yesterday and today.
• Oil - hit 80 yesterday on WTI but was rejected off there. Lower today to 78, down by 1.5%. Back to range bound.
• Gold: Trading at 2418, Support at 2400.
• VIX: After getting crushed to 12 yesterday, bounced up off of there, now higher.

FX:

• DXY moving flat today and yesterday, around 104.5
• Had fallen to 100d moving average after CPI then moved higher, bouncing from there.
• EURUSD positioning still bullish, flat, slightly higher at 1.087
• GBPUSD moving higher again, trading at 1.272
• AUDUSD at 0.667,
• Has broken out of the long term downtrend.

EARNINGS:

• PANW Current Quarter:
• Revenues of 1.985B beat by 0.8%. Revenues rose 15% YOY
• Products revenue beat by 1.2%
• Subscriptions and support revenue beat by 0.3%
• EPS of 1.32 Beat expectations of 1.25 - beat by 5.6%
• Operating income was 508M, beat by 3.5%
• Operating margin was 25.6% , beat by 69 bps
• Billings came more or less in line
• Deferred revenue basically in line, slight miss.
• NEXT QUARTER GUIDANCE:
• EPS of 1.41 v slightly missed expectations of 1.42
• Revenue came in line with consensus at 2.16B
• Billings guidance beat consensus v slightly.
• FULL YEAR GUIDANCE:
• EPS of 5.56-5.58 beat estimates of 5.51
• Revenue of 8B beat estimates of 7.98B
• Billings of 10.15.5B was up 10-11% YoY
• CEO Nikesh Arora: Enthusiastic response to pjatformization and AI infused security outcomes.
• In conference call said that billings isn’t the only important measure, hence investors should overlook the slight softness in billings.
• Said cybersecurity demand will continue to grow for next several quarters, and PANW will benefit.
• Cyberattacks are scaling and aren’t going away. AI will increase these threats. So the tailwinds for PANW are very strong.

XPEV

• EPS of -0.75 was much better than the -2.06 expected
• Revenue of 6.55B beat estimates of 6.19B. Up 63% YOY, but down 50% QOQ
• Vehicle margin was 5.5%, which was up from 4.1% last quarter, and up form -2.5% last year SO VEHICLE MARGIN IMPROVED
• Vehicle sales came in at 5.54B yuan, up 50% YOY but down 50% QOQ
• Gross margin was 12.9%, up from 1.7% last year and 6.2% last quarter
• SO MARGINS IMPROVED, SALES WERE WORSE THAN LAST QUARTER
• In April saw 9,393 vehicles delivered
• Partnership with Volkswagen group on E/E architecture
• Release of AI powered functions
• GROSS MARGIN IMPROVEMENT DESPITE COMPETITION AND OTHERS CUTTING PRICES WAS A KEY BENEFIT.

NEXT QUARTER GUDIANCE:

• Revenue 7.5-8.3B miss by 15%
• Delivered of 29-32K. Up 30% YOY

MACYS:

• Current quarter:
• ADJ EPS $0.27 vs. $0.56 y/y, EST $0.14. BEAT
• EPS $0.22 vs. $0.56 y/y
• Net sales $4.8B, -3.7% y/y, EST $4.81B. IN LINE
• Gross margin 39.2% vs. 40% y/y, EST 39.6%. MISS
• SG&A expense $1.9B, -2.6% y/y, EST $1.98B. MISS
• GUIDANCE:
• Raised guidance from 2.45-2.85 to 2.55-2.9.
• Raised by 4%
• Beat estimates by 4%, although is a wide guidance
• Sees Net sales at 22.3-22.9B, raising bottom end up slightly from 22.2B.
• More or less in line with guidance.
• Merchandise margins down 100bps due to additional discounting
• Merchandise inventories are well positioned for upcoming summer season
• Credit card revenues down slightly due to higher delinquency rates
• Turnaround plan showing signs of progress as they beat and raise guidance.

LOWES:

• Current quarter:
• EPS of 3.67 beat estimates of 2.95
• Revenue of 21.4B was down YOY by 4%, but beat estimates by 1.3%
• Comparables sales were down 4%
• Reaffirms FY guidance:
• EPS of 12-12.3 vs estimate of 12.19. So miss slightly by 0.4%
• Revenue of 84-85B, basically in line.
• EXPECTS COMPARABLE SALES TO BE DOWN 2-3% vs estimates of 2.43% down.

MAG 7:

• MSFT yesterday, said that Copilot Plus PCs will be based on Qualcomm’s snapdragon X Elite chips, and will offer 15 hours of web browsing and 20 hours of video battery life. MSFT says it’ll outperform MacBook Air.
• On Copilot Plus, Neural processor enables new AI features such as recall for a searchable PC memory.
• MSFT estimates 50 million AI PCs will be sold over the next year. Said its rearchitectured Windows 11 is 58% faster than Apple’s MacBook Air.
• MSFT - restructures Windows 11 for better ARM hardware support and AI integration. Introduces prism emulator, launched to improve compatibility with older x86 and x64 apps. MSFT says Prism emulator is 20% faster than previous versions.
• AAPL - Files law suit to overturn $1.8B EU antitrust fine over App Store rules. AAPL is challenging a 1.8B fine.
• MSFT - OpenAI will be sued by Scarlett Johansson for basically copying her voice against her explicit instruction not to.
• TSLA - Tesla shareholder group still not happy with Elon Musk’s $56B pay package. Urged other investors to reject a $56B pay package.

OTHER COMPANIES:

• XPEV higher on their strong earnings
• MACYS higher on improving picture
• LOW - higher on earnings
• Crypto stocks higher on strong Bitcoin performance
• LRCX 10-1 stock split
• PANW lower on eanrings, seems harsh to me. Other crypto names down in sentiment.
• Chinese stocks lower as Hong Kong MARKET down 1.5% today.
• NOVA - Piper Sandler downgrades Sunnova Energy to neutral from overweight, lowered price target to 4.50 from 9. Analyst had upgraded sun nova in December on expectation of lower rates, but rates have stayed high.
• Li - postpones the launch of its all electric SUVs to the first half of 2025, citing inadequate charging stations and other constraints. CEO emphasised the need for sufficient branded charging stations and more display spots.
• DOWN 4% AGAIN TODAY ON THIS.
• BABA - Alibaba cloud slashes prices for its latest LLM model, Tongyi Qianwen, by up to 97%
• BIDU - in response to Alibaba’s move, BIDU made its ENITRE Speed and ENIRE lite models entirely free to use.
• So we are seeing price wars in AI market.
• JPM says that they will not be increasing buybacks of JPM stock at these prices. Will just continue with previously outlined buyback pace.
• Jamie Dimon also hinted at retirement in the speech, hence JPM lower yesterday
• DELL - Citi raises dell price target to 170 from 125. Optimistic they can gain market share more in AI.
• JD - announces a proposed offering of $1.5B in convertible senior notes, due 2029. Will use proceeds to repurchase shares and expand overseas business.
• PTON - plans global refinancing to address debt. Secured nearly $1.4B in new credit facilities.
• ASML and TSM said they have measures in place to remotely disable advanced EUV chip making machines if China was to invade Taiwan.
• QCOM - shares were higher yesterday after Several big companies including Dell and MSFT announced AI laptops using Qualcomm’s snapdragon X elite chip. MSFT says these devices will outperform apple MacBook Air M3.
• ARM - MSFT will announce Arm powered laptops
• WEN - launches a $3 breakfast deal, including small seasoned potatoes, choice of bacon, eggs and cheese or sausage, eggs and cheese muffin. Rivals Mcdonalds $5value meal
• DASH - expanded its partnership with ULTA beauty to offer on demand delivery in under an hour from 1350 stores across all 50 states.
• VFS - US regulators are probing a vin fast VF 8 Crash, that killed 4 in California.
• LLY - secures china approval for diabetes drug, Tirzepatide. Received approval in China for its diabetes drug.
• BA - one killed on Singapore Airlines Boeing 777 due to severe turbulence.
• DIS - Redburn upgrades to neutral from Sell. Price target 100.
• Samsung - appoints new chief for its chip business, amid competition.

OThER NEWS:

• BTC higher to 72K.
• ETH popped 20% yesterday on renewed optimism for ETF, that SEC might green light spot ether ETFs ahead of first deadline later this week.
• Yardeni research sees Dow Jones DJI at 60k and SPX at 8k by 2030
• Mester’s comments yesterday:
• 3 rate cuts this year is no longer appropriate.
• April CPI was good, but too soon to say what path inflation is on. She said she doesnt think about rate cuts in terms of when. We can raise rates but its not base case. That’s bearish, but also unrealistic. I think there’s less risk now that we are too restrictive, and inflation risks are to upside.
• BEARISH COMMENTS FROM MESTER OVERALL
• Jefferson’s Comments yesterday:
• April inflation was encouraging. Labour market coming into better balance. Inflation decline isn’t as fast as we had liked. Policy is restrictive. - NEUTRAL comments, I’d say.
• Following these comments, Bank of America said that whilst the bar for rate hikes is still v high, rate cuts are still far off. Said Services inflation still running way above target.
• Bank of America believes markets got excited at the print, said markets pricing 50bps of cuts are likely to get disappointed.
• Did push back on stagflation narrative.
• SPACEX Q1 launch report shows that SpaceX is now launching 87% of all payload to orbit, a new record high.
• New Yorkers on average earned $89K last year, meaning that without spending more than 30% of annual income on rent, they can afford $2,216 on housing. That’s only enough to afford 4.4% of rentals.
• Marko Kolanovic held his bearish outlook on stocks, urging clients not to buy. So not all bears are capitulating.
• Fidelity ethereal fund says that the trust’s Ether will not be staked.
• IMF official expects next stage for BOE is to ease rates, says UK monetary policy is at inflection point. Actions by UK authorities are paying off.
• Said BoE should cut rates by 50-75bps in 2024.
• Upgraded UK growth forecast to 0.7% this year from 0.5% previously
• Dubai Airport expects record passenger traffic this year, set to top 100M by 2027.

ANALYSIS section will be posted separately on my sub Tradingedge
DATA LEDE:

• RBA minutes - Australia
• Said they will try not to excessively fine tune policy
• Future changes to cash rate are difficult to rule in or out
• CPI short term variation can be easily and reasonably overlooked
• Recent data does point to slightly increased inflation risks
• NEUTRAL/HAWKISH overall
• Australia consumer confidence numbers drop 0.3% MOM
• German PPI came 0.2% MOM vs 0.2% expected, in line with last months reading.
• YOY came in at -3.3% slightly below expected value of -3.2%. Came in light which is good for German inflation picture.
• Yellen Speech - no real meaningful comments
• EU balance of trade numbers hit a new yearly high. Points to improving world demand environment.
• Fed speakers include:
• Barkin, Waller, Williams, Bostic, Barr
• BoE’s Bailey to speak too

MARKETS:

• SPX: Maintained above 5300, now trading at 5311. Yesterday, touched 5325, before moving lower again. DJI: Trading at 39,813, just below 40k. Opened yesterday above 40k but moved lower on JPM weakness.
• Nasdaq: trading flat at 18,665. Support will now be at around 18,350.
• Ger40: Slightly lower today, at 18,600. Some slight profit taking near the highs.
• HKG50: Moving lower again for 2nd day in a row. Now at 19,240. Yesterday, was at 19,750 at one point. So down 2.7% across yesterday and today.
• Oil - hit 80 yesterday on WTI but was rejected off there. Lower today to 78, down by 1.5%. Back to range bound.
• Gold: Trading at 2418, Support at 2400.
• VIX: After getting crushed to 12 yesterday, bounced up off of there, now higher.

FX:

• DXY moving flat today and yesterday, around 104.5
• Had fallen to 100d moving average after CPI then moved higher, bouncing from there.
• EURUSD positioning still bullish, flat, slightly higher at 1.087
• GBPUSD moving higher again, trading at 1.272
• AUDUSD at 0.667,
• Has broken out of the long term downtrend.

EARNINGS:

• PANW Current Quarter:
• Revenues of 1.985B beat by 0.8%. Revenues rose 15% YOY
• Products revenue beat by 1.2%
• Subscriptions and support revenue beat by 0.3%
• EPS of 1.32 Beat expectations of 1.25 - beat by 5.6%
• Operating income was 508M, beat by 3.5%
• Operating margin was 25.6% , beat by 69 bps
• Billings came more or less in line
• Deferred revenue basically in line, slight miss.
• NEXT QUARTER GUIDANCE:
• EPS of 1.41 v slightly missed expectations of 1.42
• Revenue came in line with consensus at 2.16B
• Billings guidance beat consensus v slightly.
• FULL YEAR GUIDANCE:
• EPS of 5.56-5.58 beat estimates of 5.51
• Revenue of 8B beat estimates of 7.98B
• Billings of 10.15.5B was up 10-11% YoY
• CEO Nikesh Arora: Enthusiastic response to pjatformization and AI infused security outcomes.
• In conference call said that billings isn’t the only important measure, hence investors should overlook the slight softness in billings.
• Said cybersecurity demand will continue to grow for next several quarters, and PANW will benefit.
• Cyberattacks are scaling and aren’t going away. AI will increase these threats. So the tailwinds for PANW are very strong.

XPEV

• EPS of -0.75 was much better than the -2.06 expected
• Revenue of 6.55B beat estimates of 6.19B. Up 63% YOY, but down 50% QOQ
• Vehicle margin was 5.5%, which was up from 4.1% last quarter, and up form -2.5% last year SO VEHICLE MARGIN IMPROVED
• Vehicle sales came in at 5.54B yuan, up 50% YOY but down 50% QOQ
• Gross margin was 12.9%, up from 1.7% last year and 6.2% last quarter
• SO MARGINS IMPROVED, SALES WERE WORSE THAN LAST QUARTER
• In April saw 9,393 vehicles delivered
• Partnership with Volkswagen group on E/E architecture
• Release of AI powered functions
• GROSS MARGIN IMPROVEMENT DESPITE COMPETITION AND OTHERS CUTTING PRICES WAS A KEY BENEFIT.

NEXT QUARTER GUDIANCE:

• Revenue 7.5-8.3B miss by 15%
• Delivered of 29-32K. Up 30% YOY

MACYS:

• Current quarter:
• ADJ EPS $0.27 vs. $0.56 y/y, EST $0.14. BEAT
• EPS $0.22 vs. $0.56 y/y
• Net sales $4.8B, -3.7% y/y, EST $4.81B. IN LINE
• Gross margin 39.2% vs. 40% y/y, EST 39.6%. MISS
• SG&A expense $1.9B, -2.6% y/y, EST $1.98B. MISS
• GUIDANCE:
• Raised guidance from 2.45-2.85 to 2.55-2.9.
• Raised by 4%
• Beat estimates by 4%, although is a wide guidance
• Sees Net sales at 22.3-22.9B, raising bottom end up slightly from 22.2B.
• More or less in line with guidance.
• Merchandise margins down 100bps due to additional discounting
• Merchandise inventories are well positioned for upcoming summer season
• Credit card revenues down slightly due to higher delinquency rates
• Turnaround plan showing signs of progress as they beat and raise guidance.

LOWES:

• Current quarter:
• EPS of 3.67 beat estimates of 2.95
• Revenue of 21.4B was down YOY by 4%, but beat estimates by 1.3%
• Comparables sales were down 4%
• Reaffirms FY guidance:
• EPS of 12-12.3 vs estimate of 12.19. So miss slightly by 0.4%
• Revenue of 84-85B, basically in line.
• EXPECTS COMPARABLE SALES TO BE DOWN 2-3% vs estimates of 2.43% down.

MAG 7:

• MSFT yesterday, said that Copilot Plus PCs will be based on Qualcomm’s snapdragon X Elite chips, and will offer 15 hours of web browsing and 20 hours of video battery life. MSFT says it’ll outperform MacBook Air.
• On Copilot Plus, Neural processor enables new AI features such as recall for a searchable PC memory.
• MSFT estimates 50 million AI PCs will be sold over the next year. Said its rearchitectured Windows 11 is 58% faster than Apple’s MacBook Air.
• MSFT - restructures Windows 11 for better ARM hardware support and AI integration. Introduces prism emulator, launched to improve compatibility with older x86 and x64 apps. MSFT says Prism emulator is 20% faster than previous versions.
• AAPL - Files law suit to overturn $1.8B EU antitrust fine over App Store rules. AAPL is challenging a 1.8B fine.
• MSFT - OpenAI will be sued by Scarlett Johansson for basically copying her voice against her explicit instruction not to.
• TSLA - Tesla shareholder group still not happy with Elon Musk’s $56B pay package. Urged other investors to reject a $56B pay package.

OTHER COMPANIES:

• XPEV higher on their strong earnings
• MACYS higher on improving picture
• LOW - higher on earnings
• Crypto stocks higher on strong Bitcoin performance
• LRCX 10-1 stock split
• PANW lower on eanrings, seems harsh to me. Other crypto names down in sentiment.
• Chinese stocks lower as Hong Kong MARKET down 1.5% today.
• NOVA - Piper Sandler downgrades Sunnova Energy to neutral from overweight, lowered price target to 4.50 from 9. Analyst had upgraded sun nova in December on expectation of lower rates, but rates have stayed high.
• Li - postpones the launch of its all electric SUVs to the first half of 2025, citing inadequate charging stations and other constraints. CEO emphasised the need for sufficient branded charging stations and more display spots.
• DOWN 4% AGAIN TODAY ON THIS.
• BABA - Alibaba cloud slashes prices for its latest LLM model, Tongyi Qianwen, by up to 97%
• BIDU - in response to Alibaba’s move, BIDU made its ENITRE Speed and ENIRE lite models entirely free to use.
• So we are seeing price wars in AI market.
• JPM says that they will not be increasing buybacks of JPM stock at these prices. Will just continue with previously outlined buyback pace.
• Jamie Dimon also hinted at retirement in the speech, hence JPM lower yesterday
• DELL - Citi raises dell price target to 170 from 125. Optimistic they can gain market share more in AI.
• JD - announces a proposed offering of $1.5B in convertible senior notes, due 2029. Will use proceeds to repurchase shares and expand overseas business.
• PTON - plans global refinancing to address debt. Secured nearly $1.4B in new credit facilities.
• ASML and TSM said they have measures in place to remotely disable advanced EUV chip making machines if China was to invade Taiwan.
• QCOM - shares were higher yesterday after Several big companies including Dell and MSFT announced AI laptops using Qualcomm’s snapdragon X elite chip. MSFT says these devices will outperform apple MacBook Air M3.
• ARM - MSFT will announce Arm powered laptops
• WEN - launches a $3 breakfast deal, including small seasoned potatoes, choice of bacon, eggs and cheese or sausage, eggs and cheese muffin. Rivals Mcdonalds $5value meal
• DASH - expanded its partnership with ULTA beauty to offer on demand delivery in under an hour from 1350 stores across all 50 states.
• VFS - US regulators are probing a vin fast VF 8 Crash, that killed 4 in California.
• LLY - secures china approval for diabetes drug, Tirzepatide. Received approval in China for its diabetes drug.
• BA - one killed on Singapore Airlines Boeing 777 due to severe turbulence.
• DIS - Redburn upgrades to neutral from Sell. Price target 100.
• Samsung - appoints new chief for its chip business, amid competition.

OThER NEWS:

• BTC higher to 72K.
• ETH popped 20% yesterday on renewed optimism for ETF, that SEC might green light spot ether ETFs ahead of first deadline later this week.
• Yardeni research sees Dow Jones DJI at 60k and SPX at 8k by 2030
• Mester’s comments yesterday:
• 3 rate cuts this year is no longer appropriate.
• April CPI was good, but too soon to say what path inflation is on. She said she doesnt think about rate cuts in terms of when. We can raise rates but its not base case. That’s bearish, but also unrealistic. I think there’s less risk now that we are too restrictive, and inflation risks are to upside.
• BEARISH COMMENTS FROM MESTER OVERALL
• Jefferson’s Comments yesterday:
• April inflation was encouraging. Labour market coming into better balance. Inflation decline isn’t as fast as we had liked. Policy is restrictive. - NEUTRAL comments, I’d say.
• Following these comments, Bank of America said that whilst the bar for rate hikes is still v high, rate cuts are still far off. Said Services inflation still running way above target.
• Bank of America believes markets got excited at the print, said markets pricing 50bps of cuts are likely to get disappointed.
• Did push back on stagflation narrative.
• SPACEX Q1 launch report shows that SpaceX is now launching 87% of all payload to orbit, a new record high.
• New Yorkers on average earned $89K last year, meaning that without spending more than 30% of annual income on rent, they can afford $2,216 on housing. That’s only enough to afford 4.4% of rentals.
• Marko Kolanovic held his bearish outlook on stocks, urging clients not to buy. So not all bears are capitulating.
• Fidelity ethereal fund says that the trust’s Ether will not be staked.
• IMF official expects next stage for BOE is to ease rates, says UK monetary policy is at inflection point. Actions by UK authorities are paying off.
• Said BoE should cut rates by 50-75bps in 2024.
• Upgraded UK growth forecast to 0.7% this year from 0.5% previously
• Dubai Airport expects record passenger traffic this year, set to top 100M by 2027.

For more of my content, please join Tradingedge

ANALYSIS section will be posted separately on my sub Tradingedge
DATA LEDE:

• RBA minutes - Australia
• Said they will try not to excessively fine tune policy
• Future changes to cash rate are difficult to rule in or out
• CPI short term variation can be easily and reasonably overlooked
• Recent data does point to slightly increased inflation risks
• NEUTRAL/HAWKISH overall
• Australia consumer confidence numbers drop 0.3% MOM
• German PPI came 0.2% MOM vs 0.2% expected, in line with last months reading.
• YOY came in at -3.3% slightly below expected value of -3.2%. Came in light which is good for German inflation picture.
• Yellen Speech - no real meaningful comments
• EU balance of trade numbers hit a new yearly high. Points to improving world demand environment.
• Fed speakers include:
• Barkin, Waller, Williams, Bostic, Barr
• BoE’s Bailey to speak too

MARKETS:

• SPX: Maintained above 5300, now trading at 5311. Yesterday, touched 5325, before moving lower again. DJI: Trading at 39,813, just below 40k. Opened yesterday above 40k but moved lower on JPM weakness.
• Nasdaq: trading flat at 18,665. Support will now be at around 18,350.
• Ger40: Slightly lower today, at 18,600. Some slight profit taking near the highs.
• HKG50: Moving lower again for 2nd day in a row. Now at 19,240. Yesterday, was at 19,750 at one point. So down 2.7% across yesterday and today.
• Oil - hit 80 yesterday on WTI but was rejected off there. Lower today to 78, down by 1.5%. Back to range bound.
• Gold: Trading at 2418, Support at 2400.
• VIX: After getting crushed to 12 yesterday, bounced up off of there, now higher.

FX:

• DXY moving flat today and yesterday, around 104.5
• Had fallen to 100d moving average after CPI then moved higher, bouncing from there.
• EURUSD positioning still bullish, flat, slightly higher at 1.087
• GBPUSD moving higher again, trading at 1.272
• AUDUSD at 0.667,
• Has broken out of the long term downtrend.

EARNINGS:

• PANW Current Quarter:
• Revenues of 1.985B beat by 0.8%. Revenues rose 15% YOY
• Products revenue beat by 1.2%
• Subscriptions and support revenue beat by 0.3%
• EPS of 1.32 Beat expectations of 1.25 - beat by 5.6%
• Operating income was 508M, beat by 3.5%
• Operating margin was 25.6% , beat by 69 bps
• Billings came more or less in line
• Deferred revenue basically in line, slight miss.
• NEXT QUARTER GUIDANCE:
• EPS of 1.41 v slightly missed expectations of 1.42
• Revenue came in line with consensus at 2.16B
• Billings guidance beat consensus v slightly.
• FULL YEAR GUIDANCE:
• EPS of 5.56-5.58 beat estimates of 5.51
• Revenue of 8B beat estimates of 7.98B
• Billings of 10.15.5B was up 10-11% YoY
• CEO Nikesh Arora: Enthusiastic response to pjatformization and AI infused security outcomes.
• In conference call said that billings isn’t the only important measure, hence investors should overlook the slight softness in billings.
• Said cybersecurity demand will continue to grow for next several quarters, and PANW will benefit.
• Cyberattacks are scaling and aren’t going away. AI will increase these threats. So the tailwinds for PANW are very strong.

XPEV

• EPS of -0.75 was much better than the -2.06 expected
• Revenue of 6.55B beat estimates of 6.19B. Up 63% YOY, but down 50% QOQ
• Vehicle margin was 5.5%, which was up from 4.1% last quarter, and up form -2.5% last year SO VEHICLE MARGIN IMPROVED
• Vehicle sales came in at 5.54B yuan, up 50% YOY but down 50% QOQ
• Gross margin was 12.9%, up from 1.7% last year and 6.2% last quarter
• SO MARGINS IMPROVED, SALES WERE WORSE THAN LAST QUARTER
• In April saw 9,393 vehicles delivered
• Partnership with Volkswagen group on E/E architecture
• Release of AI powered functions
• GROSS MARGIN IMPROVEMENT DESPITE COMPETITION AND OTHERS CUTTING PRICES WAS A KEY BENEFIT.

NEXT QUARTER GUDIANCE:

• Revenue 7.5-8.3B miss by 15%
• Delivered of 29-32K. Up 30% YOY

MACYS:

• Current quarter:
• ADJ EPS $0.27 vs. $0.56 y/y, EST $0.14. BEAT
• EPS $0.22 vs. $0.56 y/y
• Net sales $4.8B, -3.7% y/y, EST $4.81B. IN LINE
• Gross margin 39.2% vs. 40% y/y, EST 39.6%. MISS
• SG&A expense $1.9B, -2.6% y/y, EST $1.98B. MISS
• GUIDANCE:
• Raised guidance from 2.45-2.85 to 2.55-2.9.
• Raised by 4%
• Beat estimates by 4%, although is a wide guidance
• Sees Net sales at 22.3-22.9B, raising bottom end up slightly from 22.2B.
• More or less in line with guidance.
• Merchandise margins down 100bps due to additional discounting
• Merchandise inventories are well positioned for upcoming summer season
• Credit card revenues down slightly due to higher delinquency rates
• Turnaround plan showing signs of progress as they beat and raise guidance.

LOWES:

• Current quarter:
• EPS of 3.67 beat estimates of 2.95
• Revenue of 21.4B was down YOY by 4%, but beat estimates by 1.3%
• Comparables sales were down 4%
• Reaffirms FY guidance:
• EPS of 12-12.3 vs estimate of 12.19. So miss slightly by 0.4%
• Revenue of 84-85B, basically in line.
• EXPECTS COMPARABLE SALES TO BE DOWN 2-3% vs estimates of 2.43% down.

MAG 7:

• MSFT yesterday, said that Copilot Plus PCs will be based on Qualcomm’s snapdragon X Elite chips, and will offer 15 hours of web browsing and 20 hours of video battery life. MSFT says it’ll outperform MacBook Air.
• On Copilot Plus, Neural processor enables new AI features such as recall for a searchable PC memory.
• MSFT estimates 50 million AI PCs will be sold over the next year. Said its rearchitectured Windows 11 is 58% faster than Apple’s MacBook Air.
• MSFT - restructures Windows 11 for better ARM hardware support and AI integration. Introduces prism emulator, launched to improve compatibility with older x86 and x64 apps. MSFT says Prism emulator is 20% faster than previous versions.
• AAPL - Files law suit to overturn $1.8B EU antitrust fine over App Store rules. AAPL is challenging a 1.8B fine.
• MSFT - OpenAI will be sued by Scarlett Johansson for basically copying her voice against her explicit instruction not to.
• TSLA - Tesla shareholder group still not happy with Elon Musk’s $56B pay package. Urged other investors to reject a $56B pay package.

OTHER COMPANIES:

• XPEV higher on their strong earnings
• MACYS higher on improving picture
• LOW - higher on earnings
• Crypto stocks higher on strong Bitcoin performance
• LRCX 10-1 stock split
• PANW lower on eanrings, seems harsh to me. Other crypto names down in sentiment.
• Chinese stocks lower as Hong Kong MARKET down 1.5% today.
• NOVA - Piper Sandler downgrades Sunnova Energy to neutral from overweight, lowered price target to 4.50 from 9. Analyst had upgraded sun nova in December on expectation of lower rates, but rates have stayed high.
• Li - postpones the launch of its all electric SUVs to the first half of 2025, citing inadequate charging stations and other constraints. CEO emphasised the need for sufficient branded charging stations and more display spots.
• DOWN 4% AGAIN TODAY ON THIS.
• BABA - Alibaba cloud slashes prices for its latest LLM model, Tongyi Qianwen, by up to 97%
• BIDU - in response to Alibaba’s move, BIDU made its ENITRE Speed and ENIRE lite models entirely free to use.
• So we are seeing price wars in AI market.
• JPM says that they will not be increasing buybacks of JPM stock at these prices. Will just continue with previously outlined buyback pace.
• Jamie Dimon also hinted at retirement in the speech, hence JPM lower yesterday
• DELL - Citi raises dell price target to 170 from 125. Optimistic they can gain market share more in AI.
• JD - announces a proposed offering of $1.5B in convertible senior notes, due 2029. Will use proceeds to repurchase shares and expand overseas business.
• PTON - plans global refinancing to address debt. Secured nearly $1.4B in new credit facilities.
• ASML and TSM said they have measures in place to remotely disable advanced EUV chip making machines if China was to invade Taiwan.
• QCOM - shares were higher yesterday after Several big companies including Dell and MSFT announced AI laptops using Qualcomm’s snapdragon X elite chip. MSFT says these devices will outperform apple MacBook Air M3.
• ARM - MSFT will announce Arm powered laptops
• WEN - launches a $3 breakfast deal, including small seasoned potatoes, choice of bacon, eggs and cheese or sausage, eggs and cheese muffin. Rivals Mcdonalds $5value meal
• DASH - expanded its partnership with ULTA beauty to offer on demand delivery in under an hour from 1350 stores across all 50 states.
• VFS - US regulators are probing a vin fast VF 8 Crash, that killed 4 in California.
• LLY - secures china approval for diabetes drug, Tirzepatide. Received approval in China for its diabetes drug.
• BA - one killed on Singapore Airlines Boeing 777 due to severe turbulence.
• DIS - Redburn upgrades to neutral from Sell. Price target 100.
• Samsung - appoints new chief for its chip business, amid competition.

OThER NEWS:

• BTC higher to 72K.
• ETH popped 20% yesterday on renewed optimism for ETF, that SEC might green light spot ether ETFs ahead of first deadline later this week.
• Yardeni research sees Dow Jones DJI at 60k and SPX at 8k by 2030
• Mester’s comments yesterday:
• 3 rate cuts this year is no longer appropriate.
• April CPI was good, but too soon to say what path inflation is on. She said she doesnt think about rate cuts in terms of when. We can raise rates but its not base case. That’s bearish, but also unrealistic. I think there’s less risk now that we are too restrictive, and inflation risks are to upside.
• BEARISH COMMENTS FROM MESTER OVERALL
• Jefferson’s Comments yesterday:
• April inflation was encouraging. Labour market coming into better balance. Inflation decline isn’t as fast as we had liked. Policy is restrictive. - NEUTRAL comments, I’d say.
• Following these comments, Bank of America said that whilst the bar for rate hikes is still v high, rate cuts are still far off. Said Services inflation still running way above target.
• Bank of America believes markets got excited at the print, said markets pricing 50bps of cuts are likely to get disappointed.
• Did push back on stagflation narrative.
• SPACEX Q1 launch report shows that SpaceX is now launching 87% of all payload to orbit, a new record high.
• New Yorkers on average earned $89K last year, meaning that without spending more than 30% of annual income on rent, they can afford $2,216 on housing. That’s only enough to afford 4.4% of rentals.
• Marko Kolanovic held his bearish outlook on stocks, urging clients not to buy. So not all bears are capitulating.
• Fidelity ethereal fund says that the trust’s Ether will not be staked.
• IMF official expects next stage for BOE is to ease rates, says UK monetary policy is at inflection point. Actions by UK authorities are paying off.
• Said BoE should cut rates by 50-75bps in 2024.
• Upgraded UK growth forecast to 0.7% this year from 0.5% previously
• Dubai Airport expects record passenger traffic this year, set to top 100M by 2027.

For more of my content, please join Tradingedge

The unemployment office is denying my application because they want my DD214 Member 4. This form no longer exists and despite me trying to explain this to them they are still not accepting that this is an issue. I am pissed because this reminds me of the time I tried to get food stamps in California and was denied because I didn't have a job. I wouldn't be here if I had a job stupid! What is the point of me paying into these programs if they are never available? Below is the last email I sent to her. Obviously a cunty response but I'm upset.
XXXX,
I just spoke to the Air Force Personnel Center and the form you are requesting no longer exists as of April. I have a reference from AFPC in this email below. You can also call them at 1-800-525-0102 to confirm with them yourself. I obviously will not be able to provide you with a document that no longer exists. The long form DD214 (one I sent you) is the only document being issued now for purposes such as unemployment. I have also opened a case with AFPC and have given them your information, so they may reach out to you as well. Please do your due diligence and reach out to me when you have confirmed this new information. I suspect policies on your end will need to be updated.
Vr
XXXX
XXX-XXX-XXXX
TSG XXX XXXXXX
Please see the updated guidance as to the DD214 changes:
February of 2022, revised DODI 1336.01 (Certificate of Uniformed Service (DD form 214/5 Series) was released annoucing a new DD Form 214 “Certificate of Uniformed Service” , DD Form 214-1 (Guard/Reserve) “Certificate of Uniformed Service, Reserve Component Addendum” and DD Form 215 “Correction to DD Form 214, Certificate of Uniformed Service”. AFPC, ARPC and Guard have been working on the requirements to modify vMPF to match the format of the new forms.
Below are some of the major changes you will see on the new DD Form 214. A new DD214 PSDG will be released just before the release of the new form.

1. New form has only four pages labeled “Member, Service, Veterans Administration, Department of Labor.
2. Most of the blocks have been renumbered due to new data blocks reflected on the form.
3. ~Block 3 “SSN” has been changed to “DoD ID Number”. The SSAN will no longer be used on the form.~
4. Block 4 “Serial Number’ will reflect a unique identifier for a record of active serivce that enables version control. The serial number is comprised of Service Code, Date of Separation, 5-byte number, 1-byte version (for example, A2014060100125-0). Further clarification can be found in DODI 1336.01, G.2 Definations. This will reflect on the final form upon separation/retirement date.
5. Block 7b. “Reserve Status for Obligation”, will reflected either “Selected Reserve, Individual Ready Reseve, or N/A” if no obligation.
6. Block 7c., “Contact Phone number” and 7d., “Contact Email Address” have been added to the form.
7. Block 13e. “Total Active Service” which will reflect the total of adding blocks 13c “Net Active Service this Period” and 13d. “Total Prior Active Service”.
8. Block 18. Retirement System Option reflecting the retirement system the service member is enrolled in at time 214 is completed.
9. Block 19. DD214-1 (Accompanies this DD214) will be for Reserve/Guard usage.
10. Block 20 is now block 22

Along with those changes the below blocks have been relabled for different data and the requirement for the data that is currently reflected for those blocks will no longer be required. 15a Commissioned Through Service Academy 15b. Commisioned through ROCT Scholardship 15c. Enlisted Under Loan Repayment program 20a. Member Request copy 3 be sent to the Central Office of the Deparment of Veterans Affairs (Washington DC) 30. Member Request Copy 4
Thank You,
Technician, Total Force Service Center

Lately, both in person and on this sub, I have seen a worrying amount of misinformation spreading about the political party Aon Tu. This misinformation either states that they are a left/liberal party or that they are not right/conservative. This is however clearly wrong as any amount of inspection of their statements and social media makes clear; any clear dive into their policies and statements make it clear that they are instead very right wing, if not far right. They use the many familiar terms associated with similar parties, hold the same stances, and even retweet them and their content.
In order to illustrate this below I am presenting the various tweets made by Peadar Tóibín (the current leader of the party, their founder, and currently sole elected official) as well as their official twitter account. I have limited it solely to tweets due to time and space constraints, I have also had to limit the amount of tweets due to the same constraints There is more and I strongly encourage anyway to check their accounts for themselves. If there is interest I can do a deep dive into their other socials and statements, however I do not think there is a way to access the backlog of debates they have had on RTE and radio unfortunately. I believe this thread will stand on it's own however and other such threads won't be needed.
I will present the below tweets without comment, sorting them only into sections for ease of reading. Some may contain a note below in order to give more context as to what the tweet is referencing. The one section I did not include was the various tweets on the referendum, this is because due to recency I did not think it was needed.
Edit: Fixed some formatting errors below that escaped notice when first posting.
Vaccine Denial:
Tweeted by Aon Tu; 12/07/2021

Aontú opposes vaccine Passports for indoor Hospitality.
Its discrimination against many people mostly the young.
Its mandatory vaccination through the back door.
Again the Irish Gov is alone in the whole of Europe in the extreme path it's taking.

Tweeted by Toibin; 17/10/2021

99.7% of the adult population in Waterford is fully vaccinated, yet it has one of the highest Covid-19 incidence rates in the country.
The truth is the Gov don't know why this is happening.
Now they will refuse entry to pubs to 0.3% unvaccinated to see does that work. #NPHET

Tweeted by Toibin; 10/01/2022

No, it's not April Fools day.
That people being paid by the state are actually discussing this is incredible.
FF/FG/Greens need to knock this madness on the head ASAP.

Note: Linked news article can be found here; Nphet to consider mandatory vaccination, department preparing paper on legal and ethical aspects
Anti Covid Lockdown:
Tweeted by Toibin; 15/11/2020

480 people got Cancer today.
24 people died of Cancer today
27 people died of Heart Disease and Stroke today.
This will hardly get a mention in the media today.
#COVID19

Tweeted by Toibin; 13/05/2021

8 deaths related to Covid were reported yesterday.
We share our deepest sympathies with these families.
The manner in which Covid deaths are being reported is concerning.
They were all from March or earlier.
Reporting them yesterday gives people a false impression of risk.

Tweeted by Toibin; 26/05/2021

The majority of people who died from Covid caught Covid in a Nursing Home or a Hospital.
So while the whole country was shut closed most people died in locations that were run by or regulated by the government.
This is an incredible situation.

Note: A video is attached.
Tweeted by Toibin; 05/06/2021

All the the people with Covid in Hospital in Ireland would fit on 1 Double Decker Bus.
Yet people were baton charged in Dublin last night and
Pubs and Restaurants wont open indoors for another month.
#ItsTimeForCommonSense #OpenHospitality #southwilliamst #Aontú

Tweeted by Toibin; 14/07/2021

The Government's Hospitality Discrimination Bill has passed all stages in the Dáil after only a few hours of debate.
It will be now legal to discriminate against certain Irish citizens.
A sad day for Ireland.

Note: The bill which has a picture taken of it in the tweet can be read here.
Tweeted by Aon Tu; 30/10/2021

Some citizens are allowed into pubs.
Some citizens are not.
It's stunning that this has happened in the 21st century.
It's stunning that so much of society has just accepted it.
Worst of all, it's not even working.

Tweeted by Toibin; 24/11/2021

I have recieved information that the Goverment,
has carried out NO scientific research into the effectiveness or otherwise of the Covid Pass.
At all.
#FollowTheScience #TheySaid

Tweeted by Toibin; 17/12/2021

Are the Gov going to say that a healthy young person thats triple vaccinated along with their Covid Pass can't have a pint after 5pm.
What's the point of it all so?

Tweeted by Toibin; 21/01/2022

Very interesting to see Nphet and the Dept of Health go from researching Mandatory Vaccines to lifting restrictions in 10 days!

Tweeted by Toibin; 12/10/2022

I have submitted this question;
To ask the Minister for Health, has he or his department ever received any data, evidence or information from Pfizer that indicates that that the Pfizer Covid Vaccine was ever tested in terms of its ability to stop the transmission of Covid?

Anti LGBT:
Tweeted by Aon Tu; 24/10/2022

Women live in period poverty just a few miles from the Dáil.
Instead of helping them,
your virtual signalling political establishment
put a tampon machine in the men's toilet in the Dáil.

Tweeted by Toibin; 16/02/2023

Plans by FF, FG & Greens to change the law to allow 16 year olds to legally change gender, against advice of medical experts,
shows how completely alienated the political bubble is from the people of Ireland.
Aontú will oppose this and seek a return to commonsense and science.

Tweeted by Aon Tu; 05/03/2023

When Minister O Gorman refused redress to many who had been in Mother and Baby Homes because of the 'lack of money', he raided hundreds of thousands from the Magdalene Scheme and Travellers supports & diverted the funding towards the LGBTQ+ Community.

Note: There is an article linked in the tweet, about an accusation made by Toibin. Read it here
Tweeted by Aon Tu; 06/03/2023

Varadkar is wrong. 9 &10 year old children are too young to be taught about transgenderism. We have a duty of care to children.
No research has been has been carried out on the impact of such education.

Tweeted by Toibin; 07/03/2023

I've asked the Minister for Ed what research has the Dept of Education carried out
on the impact on primary school children of delivering material on Transgenderism to them in the classroom?
We've a duty of care to children.
Education should be based on evidence not ideology.

Tweeted by Aon Tu; 08/03/2023

Tóibín asked Varadkar if his Gov had carried out any research as to the impact on 8 & 9 year old children of teaching about transgenderism in primary school.
Leo refused to answer the question.
Radical changes are being introduced against majority consent.

Note: There is an attached video.
Tweeted by Aon Tu; 15/03/2023

Many people have been shocked by Paul Murphy's announcement.
But what's more shocking is that FF, FG, SF and the Greens,
are on exactly the same page as the hard left parties on teaching this ideology in every primary school in the country.

Tweeted by Toibin; 21/05/2023

This is incredible. All the actual crime that is happening on our streets and Gardaí are wasting time like this.
Even though there was no arrest here, this harassment creates a clear chilling effect on free speech and political discourse.

Note: There is an attached video in the tweet retweeted by Toibin, in it a Gardai is holding a polite conversation with an American holding a sign against "Gender Ideology." In their Twitter bio they describe themselves; "Father of two girls. Traveling the world to expose gender ideology and why children cannot consent to medical transition."
Tweeted by Aon Tu; 07/07/2023

Growing concern among parents that the new curriculum for 12 & 13 years in school is not age appropriate & is not science based.
Gender identity ideology is now mandatory for schools & thousands of parents will have no option but to withdraw their child from class.

Note: This article is linked on the topic of a statement made by Toibin.
Tweeted by Aon Tu; 23/07/2023

This is why so many are angry with the Minister for Culture Wars, Helen McEntee.
Homicides are up, murder attempts are up, rape & sexual assaults are up, theft is up. Yet....
Gardaí management are focused on allowing male born Gardaí use women’s toilets.

Note: There is an attached article; here
Tweeted by Aon Tu; 28/09/2023

The Green Party are becoming increasingly authoritarian in nature.
If you dissent from government sanctioned views, you will be investigated.
This is the opposite of a liberal democracy.

Note: There is a linked article; it pertains to an investigation by the IABA into the usage of their premises by a "Christian Group" advocating for the removal of all LGBT+ content from the SPHE curriculum.
Tweeted by Toibin; 14/03/2024

It is reckless beyond belief to give dangerous chemicals and irreversible surgery to children with gender dysphoria.
This must be made illegal in Ireland immediately.

Note: Includes a retweet of this news article.
Anti Hatespeech bill:
Tweeted by Aon Tu; 15/06/2023

Helen McEntee has become the Minister for Culture Wars.
Incredibly Varadkar accused PBP of being a threat to Free Speech.
FG, FF & the Greens are the biggest threat to free speech.

Note: There is a link article here.
Tweeted by Toibin; 26/07/2023

US gives Dublin a security warning for US citizens travelling to Ireland.
Meanwhile Minister McEntee is too busy with the Hate Speech Bill and Safe Zone Bill to worry about real people suffering actual crime.

Tweeted by Toibin; 28/03/2024

Helen McEntee is distracted by the Culture Wars.
People just want her to do her job, & make the streets safer.
Instead, she spent the last two years on a Hate Crime Bill no one wants. #BinTheBill

Note: There is an attached video.
Other:
Tweeted by Aon Tu; 15/02/2023

In the Dáil yesterday the hard left tried to close down a discussion on migration by calling people names.
This issue is too important. People have a right to respectfully ask questions and challange government policy.

Note: There is an attached video; it does not depict such name calling but rather Toibin accusing the government of name calling.
Tweeted by Aon Tu; 24/07/2023

Another day and another culture war imported by the government from America.

Note: A retweet from Gript media with an attached video.
Tweeted by Toibin; 12/03/2024

There is a battle over the narrative of the referendum defeat happening at the moment.
Some within the political & media bubble want to erase the fact that so many people have had enough of the culture wars and want the country to get back to commonsense and bread and butter.

Tweeted by Aon Tu; 19/03/2024

At a Dept of Education 'In Service' day,
their staff told secondary school teachers not to use the word 'Mother' in class as they said it was not inclusive.
They are implementing Gov policy.
Aontú disagrees wholeheartedly with this policy.
Happy Mothers Day.

Tweeted by Toibin; 10/04/2024

Says the man who seeks to delete more Irish sovereignty with the EU migration pact.

Note: A retweet from Simon Harris talking about the need to defend Ukraine's sovereignty.
Tweeted by Aon Tu; 11/04/2024

The decision by FG, FF and Green MEPs to cede the power to control immigration into Ireland to Brussels was a serious mistake. Aontú oppose this pact and will fight to retain and regain sovereignty in Europe #aontú

The unemployment office is denying my application because they want my DD214 Member 4. This form no longer exists and despite me trying to explain this to them they are still not accepting that this is an issue. I am pissed because this reminds me of the time I tried to get food stamps in California and was denied because I didn't have a job. I wouldn't be here if I had a job stupid! What is the point of me paying into these programs if they are never available? Below is the last email I sent to her. Obviously a cunty response but I'm upset.
XXXX,
I just spoke to the Air Force Personnel Center and the form you are requesting no longer exists as of April. I have a reference from AFPC in this email below. You can also call them at 1-800-525-0102 to confirm with them yourself. I obviously will not be able to provide you with a document that no longer exists. The long form DD214 (one I sent you) is the only document being issued now for purposes such as unemployment. I have also opened a case with AFPC and have given them your information, so they may reach out to you as well. Please do your due diligence and reach out to me when you have confirmed this new information. I suspect policies on your end will need to be updated.
Vr
XXXX
XXX-XXX-XXXX
TSG XXX XXXXXX
Please see the updated guidance as to the DD214 changes:
February of 2022, revised DODI 1336.01 (Certificate of Uniformed Service (DD form 214/5 Series) was released annoucing a new DD Form 214 “Certificate of Uniformed Service” , DD Form 214-1 (Guard/Reserve) “Certificate of Uniformed Service, Reserve Component Addendum” and DD Form 215 “Correction to DD Form 214, Certificate of Uniformed Service”. AFPC, ARPC and Guard have been working on the requirements to modify vMPF to match the format of the new forms.
Below are some of the major changes you will see on the new DD Form 214. A new DD214 PSDG will be released just before the release of the new form.

1. New form has only four pages labeled “Member, Service, Veterans Administration, Department of Labor.
2. Most of the blocks have been renumbered due to new data blocks reflected on the form.
3. ~Block 3 “SSN” has been changed to “DoD ID Number”. The SSAN will no longer be used on the form.~
4. Block 4 “Serial Number’ will reflect a unique identifier for a record of active serivce that enables version control. The serial number is comprised of Service Code, Date of Separation, 5-byte number, 1-byte version (for example, A2014060100125-0). Further clarification can be found in DODI 1336.01, G.2 Definations. This will reflect on the final form upon separation/retirement date.
5. Block 7b. “Reserve Status for Obligation”, will reflected either “Selected Reserve, Individual Ready Reseve, or N/A” if no obligation.
6. Block 7c., “Contact Phone number” and 7d., “Contact Email Address” have been added to the form.
7. Block 13e. “Total Active Service” which will reflect the total of adding blocks 13c “Net Active Service this Period” and 13d. “Total Prior Active Service”.
8. Block 18. Retirement System Option reflecting the retirement system the service member is enrolled in at time 214 is completed.
9. Block 19. DD214-1 (Accompanies this DD214) will be for Reserve/Guard usage.
10. Block 20 is now block 22

Along with those changes the below blocks have been relabled for different data and the requirement for the data that is currently reflected for those blocks will no longer be required. 15a Commissioned Through Service Academy 15b. Commisioned through ROCT Scholardship 15c. Enlisted Under Loan Repayment program 20a. Member Request copy 3 be sent to the Central Office of the Deparment of Veterans Affairs (Washington DC) 30. Member Request Copy 4
Thank You,
Technician, Total Force Service Center

22 female, Condom broke on Mar. 6 Use plan b on Mar. 7
Had my period on Mar 16 - 20 lighter than usual. Had my period on April 17 - 22 heavier than usual.
Month of May, i didn't experience ovulation bleeding that i usually had, pretty dry on my ovulation week. Had sex on May 15 (safe day) my partner inserted it without a condom for a second or two. Then use protection after that. I was supposed to have my period on May 18 but now i am 3 days late.
Should i get a blood test? (I can get but on Saturday) I am worried since i got my period like usual for months but now i am late. I am also having a yellow discharge even before we had sex. Should i be worried?

In case you were following along in its progress, the In-N-Out Burger slated to open in Beaverton is facing a new challenge.
Read her for full article.
“Here’s the rundown: The cult-favorite fast food chain known for its “animal style” burgers and marathon lines is eyeing a spot at the intersection of Southwest Beaverton Hillsdale Highway and Southwest 107th Avenue, near Chick-fil-A. Significant progress was made on that plan after the Oregon Land Use Board of Appeals remanded a 2022 decision to reject In-N-Out’s application.
• The application was denied on grounds that the proposal did not comply with the site’s zoning, and the LUBA decision meant the county hearings officer would need to reconsider and further justify his reasons for rejecting the application.
• On April 16, the hearings officer reversed his decision and approved the application, contingent upon In-N-Out meeting a laundry list of conditions, including annexation into the city of Beaverton for utility services and the development of a traffic management plan with the Washington County Sheriff’s Office, the Oregon Department of Transportation, the Washington County Department of Land Use & Transportation and the city of Beaverton.
The newest wrinkle: Interested parties had until May 7 to appeal the hearing officer’s decision to approve In-N-Out’s application. On May 6, a Notice of Intent to Appeal was filed by a Beaverton resident.”
There’s much more in the article about what to come for this project and next steps. Lots of change needs to still happen before we see an In-N-Out in Beaverton.

It's become a long-recognized fact in boxing, 'You can run, but you can't hide'.
Giuliani found this out the hard way when he was served papers for his treasonous behavior when he tried to have Trump installed as President despite losing the election.
Now the rest of the chickens are coming home to roost.
One by one the despots of Arizona and their co-conspirators are being dragged into court to account for their crimes --trying to overthrow the government of the United States -- and so the judicial process continues.
These seditionists ran and hid behind lawyers, hid behind MAGA in the House of Representatives, hid behind the very tyrant, Trump, but to no avail.
There is no hiding from justice,
See below -- italics mine.
© Provided by The Associated Press
PHOENIX (AP) — Former Arizona Republican Party chair Kelli Ward and at least 11 other people are set to be arraigned in a Phoenix courtroom on conspiracy, forgery and fraud charges stemming from their roles in an effort to overturn Donald Trump’s 2020 election loss in Arizona to Joe Biden.
Former New York Mayor Rudy Giuliani also is scheduled to be arraigned Tuesday, though it’s unclear whether he’ll seek a postponement. Arizona authorities tried unsuccessfully over several weeks to serve Giuliani notice of the indictment against him. Giuliani was finally served Friday night as he was walking to a car after his 80th birthday celebration.
Arizona authorities unveiled the felony charges last month against Republicans who submitted a document to Congress falsely declaring Trump, a Republican, had won Arizona. The defendants include five lawyers connected to the former president and two former Trump aides. Biden, a Democrat, won Arizona by more than 10,000 votes.
The indictment alleges Ward, a former state senator who led the GOP in Arizona from 2019 until early 2023, organized the fake electors and urged then-Vice President Mike Pence to declare them to be the state's true electors. It says Ward failed to withdraw her vote as a fake elector even though no legal challenges changed the outcome of the presidential race in Arizona.
Last week, attorney John Eastman, who devised a strategy to try to persuade Congress not to certify the election, was the first defendant in the case to be arraigned, pleading not guilty to the charges.
Trump himself was not charged in the Arizona case but was referred to as an unindicted co-conspirator.
Arizona is the fourth state where allies of the former president have been charged with using false or unproven claims about voter fraud related to the election.
The 11 people who claimed to be Arizona’s Republican electors met in Phoenix on Dec. 14, 2020, to sign a certificate saying they were “duly elected and qualified” electors and asserting that Trump carried the state. A one-minute video of the signing ceremony was posted on social media by the Arizona Republican Party at the time. The document was later sent to Congress and the National Archives, where it was ignored.
Of eight lawsuits that unsuccessfully challenged Biden’s victory in the state, one was filed by the 11 fake Arizona electors, who had asked a federal judge to decertify the results and block the state from sending its results to the Electoral College. In dismissing the case, the judge concluded the Republicans had “failed to provide the court with factual support for their extraordinary claims.” Days after that lawsuit was dismissed, the 11 participated in the certificate signing.
Those set to be arraigned Tuesday are Ward; Tyler Bowyer, an executive of the conservative youth organization Turning Point USA; state Sen. Anthony Kern; Greg Safsten, a former executive director of the Arizona Republican Party; Robert Montgomery, a former chairman of the Cochise County Republican Committee; Samuel Moorhead, a Republican precinct committee member in Gila County; Nancy Cottle, who in 2020 was the first vice president of the Arizona Federation of Republican Women; Loraine Pellegrino, past president of the Ahwatukee Republican Women; Michael Ward, an osteopathic physician who is married to Ward; attorneys Jenna Ellis and Christina Bobb; and Michael Roman, who was Trump’s 2020 director of Election Day operations.
Arraignments are scheduled for June 6 for state Sen. Jake Hoffman; on June 7 for former Trump chief of staff Mark Meadows; and on June 18 for Trump attorney Boris Epshteyn and for James Lamon, another Republican who claimed Trump carried the state.
https://www.msn.com/en-us/news/politics/former-arizona-gop-chair-kelli-ward-and-others-set-to-be-arraigned-in-fake-elector-case/ar-BB1mKOp8?ocid=msedgdhp&pc=HCTS&cvid=4e39c0e10de34740b2b3ded29dd45a85&ei=16

It's become a long-recognized fact in boxing, 'You can run, but you can't hide'.
Giuliani found this out the hard way when he was served papers for his treasonous behavior when he tried to have Trump installed as President despite losing the election.
Now the rest of the chickens are coming home to roost.
One by one the despots of Arizona and their co-conspirators are being dragged into court to account for their crimes --trying to overthrow the government of the United States -- and so the judicial process continues.
These seditionists ran and hid behind lawyers, hid behind MAGA in the House of Representatives, hid behind the very tyrant, Trump, but to no avail.
There is no hiding from justice,
See below -- italics mine.
© Provided by The Associated Press
PHOENIX (AP) — Former Arizona Republican Party chair Kelli Ward and at least 11 other people are set to be arraigned in a Phoenix courtroom on conspiracy, forgery and fraud charges stemming from their roles in an effort to overturn Donald Trump’s 2020 election loss in Arizona to Joe Biden.
Former New York Mayor Rudy Giuliani also is scheduled to be arraigned Tuesday, though it’s unclear whether he’ll seek a postponement. Arizona authorities tried unsuccessfully over several weeks to serve Giuliani notice of the indictment against him. Giuliani was finally served Friday night as he was walking to a car after his 80th birthday celebration.
Arizona authorities unveiled the felony charges last month against Republicans who submitted a document to Congress falsely declaring Trump, a Republican, had won Arizona. The defendants include five lawyers connected to the former president and two former Trump aides. Biden, a Democrat, won Arizona by more than 10,000 votes.
The indictment alleges Ward, a former state senator who led the GOP in Arizona from 2019 until early 2023, organized the fake electors and urged then-Vice President Mike Pence to declare them to be the state's true electors. It says Ward failed to withdraw her vote as a fake elector even though no legal challenges changed the outcome of the presidential race in Arizona.
Last week, attorney John Eastman, who devised a strategy to try to persuade Congress not to certify the election, was the first defendant in the case to be arraigned, pleading not guilty to the charges.
Trump himself was not charged in the Arizona case but was referred to as an unindicted co-conspirator.
Arizona is the fourth state where allies of the former president have been charged with using false or unproven claims about voter fraud related to the election.
The 11 people who claimed to be Arizona’s Republican electors met in Phoenix on Dec. 14, 2020, to sign a certificate saying they were “duly elected and qualified” electors and asserting that Trump carried the state. A one-minute video of the signing ceremony was posted on social media by the Arizona Republican Party at the time. The document was later sent to Congress and the National Archives, where it was ignored.
Of eight lawsuits that unsuccessfully challenged Biden’s victory in the state, one was filed by the 11 fake Arizona electors, who had asked a federal judge to decertify the results and block the state from sending its results to the Electoral College. In dismissing the case, the judge concluded the Republicans had “failed to provide the court with factual support for their extraordinary claims.” Days after that lawsuit was dismissed, the 11 participated in the certificate signing.
Those set to be arraigned Tuesday are Ward; Tyler Bowyer, an executive of the conservative youth organization Turning Point USA; state Sen. Anthony Kern; Greg Safsten, a former executive director of the Arizona Republican Party; Robert Montgomery, a former chairman of the Cochise County Republican Committee; Samuel Moorhead, a Republican precinct committee member in Gila County; Nancy Cottle, who in 2020 was the first vice president of the Arizona Federation of Republican Women; Loraine Pellegrino, past president of the Ahwatukee Republican Women; Michael Ward, an osteopathic physician who is married to Ward; attorneys Jenna Ellis and Christina Bobb; and Michael Roman, who was Trump’s 2020 director of Election Day operations.
Arraignments are scheduled for June 6 for state Sen. Jake Hoffman; on June 7 for former Trump chief of staff Mark Meadows; and on June 18 for Trump attorney Boris Epshteyn and for James Lamon, another Republican who claimed Trump carried the state.
https://www.msn.com/en-us/news/politics/former-arizona-gop-chair-kelli-ward-and-others-set-to-be-arraigned-in-fake-elector-case/ar-BB1mKOp8?ocid=msedgdhp&pc=HCTS&cvid=4e39c0e10de34740b2b3ded29dd45a85&ei=16

It's become a long-recognized fact in boxing, 'You can run, but you can't hide'.
Giuliani found this out the hard way when he was served papers for his treasonous behavior when he tried to have Trump installed as President despite losing the election.
Now the rest of the chickens are coming home to roost.
One by one the despots of Arizona and their co-conspirators are being dragged into court to account for their crimes --trying to overthrow the government of the United States -- and so the judicial process continues.
These seditionists ran and hid behind lawyers, hid behind MAGA in the House of Representatives, hid behind the very tyrant, Trump, but to no avail.
There is no hiding from justice,
See below -- italics mine.
© Provided by The Associated Press
PHOENIX (AP) — Former Arizona Republican Party chair Kelli Ward and at least 11 other people are set to be arraigned in a Phoenix courtroom on conspiracy, forgery and fraud charges stemming from their roles in an effort to overturn Donald Trump’s 2020 election loss in Arizona to Joe Biden.
Former New York Mayor Rudy Giuliani also is scheduled to be arraigned Tuesday, though it’s unclear whether he’ll seek a postponement. Arizona authorities tried unsuccessfully over several weeks to serve Giuliani notice of the indictment against him. Giuliani was finally served Friday night as he was walking to a car after his 80th birthday celebration.
Arizona authorities unveiled the felony charges last month against Republicans who submitted a document to Congress falsely declaring Trump, a Republican, had won Arizona. The defendants include five lawyers connected to the former president and two former Trump aides. Biden, a Democrat, won Arizona by more than 10,000 votes.
The indictment alleges Ward, a former state senator who led the GOP in Arizona from 2019 until early 2023, organized the fake electors and urged then-Vice President Mike Pence to declare them to be the state's true electors. It says Ward failed to withdraw her vote as a fake elector even though no legal challenges changed the outcome of the presidential race in Arizona.
Last week, attorney John Eastman, who devised a strategy to try to persuade Congress not to certify the election, was the first defendant in the case to be arraigned, pleading not guilty to the charges.
Trump himself was not charged in the Arizona case but was referred to as an unindicted co-conspirator.
Arizona is the fourth state where allies of the former president have been charged with using false or unproven claims about voter fraud related to the election.
The 11 people who claimed to be Arizona’s Republican electors met in Phoenix on Dec. 14, 2020, to sign a certificate saying they were “duly elected and qualified” electors and asserting that Trump carried the state. A one-minute video of the signing ceremony was posted on social media by the Arizona Republican Party at the time. The document was later sent to Congress and the National Archives, where it was ignored.
Of eight lawsuits that unsuccessfully challenged Biden’s victory in the state, one was filed by the 11 fake Arizona electors, who had asked a federal judge to decertify the results and block the state from sending its results to the Electoral College. In dismissing the case, the judge concluded the Republicans had “failed to provide the court with factual support for their extraordinary claims.” Days after that lawsuit was dismissed, the 11 participated in the certificate signing.
Those set to be arraigned Tuesday are Ward; Tyler Bowyer, an executive of the conservative youth organization Turning Point USA; state Sen. Anthony Kern; Greg Safsten, a former executive director of the Arizona Republican Party; Robert Montgomery, a former chairman of the Cochise County Republican Committee; Samuel Moorhead, a Republican precinct committee member in Gila County; Nancy Cottle, who in 2020 was the first vice president of the Arizona Federation of Republican Women; Loraine Pellegrino, past president of the Ahwatukee Republican Women; Michael Ward, an osteopathic physician who is married to Ward; attorneys Jenna Ellis and Christina Bobb; and Michael Roman, who was Trump’s 2020 director of Election Day operations.
Arraignments are scheduled for June 6 for state Sen. Jake Hoffman; on June 7 for former Trump chief of staff Mark Meadows; and on June 18 for Trump attorney Boris Epshteyn and for James Lamon, another Republican who claimed Trump carried the state.
https://www.msn.com/en-us/news/politics/former-arizona-gop-chair-kelli-ward-and-others-set-to-be-arraigned-in-fake-elector-case/ar-BB1mKOp8?ocid=msedgdhp&pc=HCTS&cvid=4e39c0e10de34740b2b3ded29dd45a85&ei=16

It's become a long-recognized fact in boxing, 'You can run, but you can't hide'.
Giuliani found this out the hard way when he was served papers for his treasonous behavior when he tried to have Trump installed as President despite losing the election.
Now the rest of the chickens are coming home to roost.
One by one the despots of Arizona and their co-conspirators are being dragged into court to account for their crimes --trying to overthrow the government of the United States -- and so the judicial process continues.
These seditionists ran and hid behind lawyers, hid behind MAGA in the House of Representatives, hid behind the very tyrant, Trump, but to no avail.
There is no hiding from justice,
See below -- italics mine.
© Provided by The Associated Press
PHOENIX (AP) — Former Arizona Republican Party chair Kelli Ward and at least 11 other people are set to be arraigned in a Phoenix courtroom on conspiracy, forgery and fraud charges stemming from their roles in an effort to overturn Donald Trump’s 2020 election loss in Arizona to Joe Biden.
Former New York Mayor Rudy Giuliani also is scheduled to be arraigned Tuesday, though it’s unclear whether he’ll seek a postponement. Arizona authorities tried unsuccessfully over several weeks to serve Giuliani notice of the indictment against him. Giuliani was finally served Friday night as he was walking to a car after his 80th birthday celebration.
Arizona authorities unveiled the felony charges last month against Republicans who submitted a document to Congress falsely declaring Trump, a Republican, had won Arizona. The defendants include five lawyers connected to the former president and two former Trump aides. Biden, a Democrat, won Arizona by more than 10,000 votes.
The indictment alleges Ward, a former state senator who led the GOP in Arizona from 2019 until early 2023, organized the fake electors and urged then-Vice President Mike Pence to declare them to be the state's true electors. It says Ward failed to withdraw her vote as a fake elector even though no legal challenges changed the outcome of the presidential race in Arizona.
Last week, attorney John Eastman, who devised a strategy to try to persuade Congress not to certify the election, was the first defendant in the case to be arraigned, pleading not guilty to the charges.
Trump himself was not charged in the Arizona case but was referred to as an unindicted co-conspirator.
Arizona is the fourth state where allies of the former president have been charged with using false or unproven claims about voter fraud related to the election.
The 11 people who claimed to be Arizona’s Republican electors met in Phoenix on Dec. 14, 2020, to sign a certificate saying they were “duly elected and qualified” electors and asserting that Trump carried the state. A one-minute video of the signing ceremony was posted on social media by the Arizona Republican Party at the time. The document was later sent to Congress and the National Archives, where it was ignored.
Of eight lawsuits that unsuccessfully challenged Biden’s victory in the state, one was filed by the 11 fake Arizona electors, who had asked a federal judge to decertify the results and block the state from sending its results to the Electoral College. In dismissing the case, the judge concluded the Republicans had “failed to provide the court with factual support for their extraordinary claims.” Days after that lawsuit was dismissed, the 11 participated in the certificate signing.
Those set to be arraigned Tuesday are Ward; Tyler Bowyer, an executive of the conservative youth organization Turning Point USA; state Sen. Anthony Kern; Greg Safsten, a former executive director of the Arizona Republican Party; Robert Montgomery, a former chairman of the Cochise County Republican Committee; Samuel Moorhead, a Republican precinct committee member in Gila County; Nancy Cottle, who in 2020 was the first vice president of the Arizona Federation of Republican Women; Loraine Pellegrino, past president of the Ahwatukee Republican Women; Michael Ward, an osteopathic physician who is married to Ward; attorneys Jenna Ellis and Christina Bobb; and Michael Roman, who was Trump’s 2020 director of Election Day operations.
Arraignments are scheduled for June 6 for state Sen. Jake Hoffman; on June 7 for former Trump chief of staff Mark Meadows; and on June 18 for Trump attorney Boris Epshteyn and for James Lamon, another Republican who claimed Trump carried the state.
https://www.msn.com/en-us/news/politics/former-arizona-gop-chair-kelli-ward-and-others-set-to-be-arraigned-in-fake-elector-case/ar-BB1mKOp8?ocid=msedgdhp&pc=HCTS&cvid=4e39c0e10de34740b2b3ded29dd45a85&ei=16

It's become a long-recognized fact in boxing, 'You can run, but you can't hide'.
Giuliani found this out the hard way when he was served papers for his treasonous behavior when he tried to have Trump installed as President despite losing the election.
Now the rest of the chickens are coming home to roost.
One by one the despots of Arizona and their co-conspirators are being dragged into court to account for their crimes --trying to overthrow the government of the United States -- and so the judicial process continues.
These seditionists ran and hid behind lawyers, hid behind MAGA in the House of Representatives, hid behind the very tyrant, Trump, but to no avail.
There is no hiding from justice,
See below -- italics mine.
© Provided by The Associated Press
PHOENIX (AP) — Former Arizona Republican Party chair Kelli Ward and at least 11 other people are set to be arraigned in a Phoenix courtroom on conspiracy, forgery and fraud charges stemming from their roles in an effort to overturn Donald Trump’s 2020 election loss in Arizona to Joe Biden.
Former New York Mayor Rudy Giuliani also is scheduled to be arraigned Tuesday, though it’s unclear whether he’ll seek a postponement. Arizona authorities tried unsuccessfully over several weeks to serve Giuliani notice of the indictment against him. Giuliani was finally served Friday night as he was walking to a car after his 80th birthday celebration.
Arizona authorities unveiled the felony charges last month against Republicans who submitted a document to Congress falsely declaring Trump, a Republican, had won Arizona. The defendants include five lawyers connected to the former president and two former Trump aides. Biden, a Democrat, won Arizona by more than 10,000 votes.
The indictment alleges Ward, a former state senator who led the GOP in Arizona from 2019 until early 2023, organized the fake electors and urged then-Vice President Mike Pence to declare them to be the state's true electors. It says Ward failed to withdraw her vote as a fake elector even though no legal challenges changed the outcome of the presidential race in Arizona.
Last week, attorney John Eastman, who devised a strategy to try to persuade Congress not to certify the election, was the first defendant in the case to be arraigned, pleading not guilty to the charges.
Trump himself was not charged in the Arizona case but was referred to as an unindicted co-conspirator.
Arizona is the fourth state where allies of the former president have been charged with using false or unproven claims about voter fraud related to the election.
The 11 people who claimed to be Arizona’s Republican electors met in Phoenix on Dec. 14, 2020, to sign a certificate saying they were “duly elected and qualified” electors and asserting that Trump carried the state. A one-minute video of the signing ceremony was posted on social media by the Arizona Republican Party at the time. The document was later sent to Congress and the National Archives, where it was ignored.
Of eight lawsuits that unsuccessfully challenged Biden’s victory in the state, one was filed by the 11 fake Arizona electors, who had asked a federal judge to decertify the results and block the state from sending its results to the Electoral College. In dismissing the case, the judge concluded the Republicans had “failed to provide the court with factual support for their extraordinary claims.” Days after that lawsuit was dismissed, the 11 participated in the certificate signing.
Those set to be arraigned Tuesday are Ward; Tyler Bowyer, an executive of the conservative youth organization Turning Point USA; state Sen. Anthony Kern; Greg Safsten, a former executive director of the Arizona Republican Party; Robert Montgomery, a former chairman of the Cochise County Republican Committee; Samuel Moorhead, a Republican precinct committee member in Gila County; Nancy Cottle, who in 2020 was the first vice president of the Arizona Federation of Republican Women; Loraine Pellegrino, past president of the Ahwatukee Republican Women; Michael Ward, an osteopathic physician who is married to Ward; attorneys Jenna Ellis and Christina Bobb; and Michael Roman, who was Trump’s 2020 director of Election Day operations.
Arraignments are scheduled for June 6 for state Sen. Jake Hoffman; on June 7 for former Trump chief of staff Mark Meadows; and on June 18 for Trump attorney Boris Epshteyn and for James Lamon, another Republican who claimed Trump carried the state.
https://www.msn.com/en-us/news/politics/former-arizona-gop-chair-kelli-ward-and-others-set-to-be-arraigned-in-fake-elector-case/ar-BB1mKOp8?ocid=msedgdhp&pc=HCTS&cvid=4e39c0e10de34740b2b3ded29dd45a85&ei=16

It's become a long-recognized fact in boxing, 'You can run, but you can't hide'.
Giuliani found this out the hard way when he was served papers for his treasonous behavior when he tried to have Trump installed as President despite losing the election.
Now the rest of the chickens are coming home to roost.
One by one the despots of Arizona and their co-conspirators are being dragged into court to account for their crimes --trying to overthrow the government of the United States -- and so the judicial process continues.
These seditionists ran and hid behind lawyers, hid behind MAGA in the House of Representatives, hid behind the very tyrant, Trump, but to no avail.
There is no hiding from justice,
See below -- italics mine.
© Provided by The Associated Press
PHOENIX (AP) — Former Arizona Republican Party chair Kelli Ward and at least 11 other people are set to be arraigned in a Phoenix courtroom on conspiracy, forgery and fraud charges stemming from their roles in an effort to overturn Donald Trump’s 2020 election loss in Arizona to Joe Biden.
Former New York Mayor Rudy Giuliani also is scheduled to be arraigned Tuesday, though it’s unclear whether he’ll seek a postponement. Arizona authorities tried unsuccessfully over several weeks to serve Giuliani notice of the indictment against him. Giuliani was finally served Friday night as he was walking to a car after his 80th birthday celebration.
Arizona authorities unveiled the felony charges last month against Republicans who submitted a document to Congress falsely declaring Trump, a Republican, had won Arizona. The defendants include five lawyers connected to the former president and two former Trump aides. Biden, a Democrat, won Arizona by more than 10,000 votes.
The indictment alleges Ward, a former state senator who led the GOP in Arizona from 2019 until early 2023, organized the fake electors and urged then-Vice President Mike Pence to declare them to be the state's true electors. It says Ward failed to withdraw her vote as a fake elector even though no legal challenges changed the outcome of the presidential race in Arizona.
Last week, attorney John Eastman, who devised a strategy to try to persuade Congress not to certify the election, was the first defendant in the case to be arraigned, pleading not guilty to the charges.
Trump himself was not charged in the Arizona case but was referred to as an unindicted co-conspirator.
Arizona is the fourth state where allies of the former president have been charged with using false or unproven claims about voter fraud related to the election.
The 11 people who claimed to be Arizona’s Republican electors met in Phoenix on Dec. 14, 2020, to sign a certificate saying they were “duly elected and qualified” electors and asserting that Trump carried the state. A one-minute video of the signing ceremony was posted on social media by the Arizona Republican Party at the time. The document was later sent to Congress and the National Archives, where it was ignored.
Of eight lawsuits that unsuccessfully challenged Biden’s victory in the state, one was filed by the 11 fake Arizona electors, who had asked a federal judge to decertify the results and block the state from sending its results to the Electoral College. In dismissing the case, the judge concluded the Republicans had “failed to provide the court with factual support for their extraordinary claims.” Days after that lawsuit was dismissed, the 11 participated in the certificate signing.
Those set to be arraigned Tuesday are Ward; Tyler Bowyer, an executive of the conservative youth organization Turning Point USA; state Sen. Anthony Kern; Greg Safsten, a former executive director of the Arizona Republican Party; Robert Montgomery, a former chairman of the Cochise County Republican Committee; Samuel Moorhead, a Republican precinct committee member in Gila County; Nancy Cottle, who in 2020 was the first vice president of the Arizona Federation of Republican Women; Loraine Pellegrino, past president of the Ahwatukee Republican Women; Michael Ward, an osteopathic physician who is married to Ward; attorneys Jenna Ellis and Christina Bobb; and Michael Roman, who was Trump’s 2020 director of Election Day operations.
Arraignments are scheduled for June 6 for state Sen. Jake Hoffman; on June 7 for former Trump chief of staff Mark Meadows; and on June 18 for Trump attorney Boris Epshteyn and for James Lamon, another Republican who claimed Trump carried the state.
https://www.msn.com/en-us/news/politics/former-arizona-gop-chair-kelli-ward-and-others-set-to-be-arraigned-in-fake-elector-case/ar-BB1mKOp8?ocid=msedgdhp&pc=HCTS&cvid=4e39c0e10de34740b2b3ded29dd45a85&ei=16