Sheldon Harber

Tennessee Republican Rep John Rose calls for removal of Senate Majority Leader John Thune justthenews.com/government/con…

Jevons paradox is happening in real time. Companies, especially outside of tech, are realizing that they can now afford to take on software projects that they wouldn’t have been able to tackle before because now AI lets them do so. We’re going to start to use software for all new things in the economy because it’s incrementally cheaper to produce. Marketing teams at big companies will have engineers helping to automate workflows. Engineers in life sciences and healthcare will automate research. Small businesses will hire engineers for the first to build better digital experiences. And as long as AI agents still require a human who understands what to prompt, how to review when an agent goes off the rails, how it guide back, how to maintain the system that was built, how to fix the ongoing bugs, and more, we will still have humans managing these agents. This is why all the advice you get of not going into engineering is wrong. The world is going to increasingly be made up of software, and the people that understand it best will be in a strong economic position. This will happen in other roles as well where output goes up and demand increases.

MACRO DATA JUST DROPPED • Manufacturing PMI 52.4 vs. Est. 51.3 • Services PMI 51.1 vs. Est. 51.5 • Composite PMI: 51.4 This should ease the recession fears that started creeping into the market last week and suggests the bear case may have gotten ahead of itself.

This is the very simple case to use Grokipedia over Wikipedia. Just information, no spin. grokipedia.com

You're a moron, Dick.

US housing market demand is collapsing: US new home sales fell -17.6% MoM in January, to 587,000 units, the lowest since 2022. This marks the largest monthly drop since July 2013, far worse than the -2.7% expected. YoY, sales fell -11.3%, the worst annual decline in 3 years. The Northeast was hit hardest with sales plunging -44.7% MoM, followed by the Midwest at -33.9%. Furthermore, the median new home price fell -6.8% YoY to $400,000, the lowest since 2024, bringing the 3-month average down to ~$410,000, the lowest since 2022. Meanwhile, mortgage rates have jumped +33 basis points over the last 2 weeks, to 6.43%, the highest since September, marking the largest 2-week increase in nearly a year. Higher interest rates are back.

This, at this point, would be insane. You don’t raise rates into a war and higher oil prices. A Fed rate increase, once unthinkable, has become thinkable thanks to stubborn inflation, Iran and a resilient economy, @greg_ip writes wsj.com/economy/centra… via @WSJ

🚨 NOW: President Trump is receiving HUGE praise from the American people for considering deploy ICE agents to AIRPORTS And now Schumer is SCRAMBLING on the Senate floor, attempting to shift blame away from himself. What a power move by 47 🤣🔥

Iran’s ability to threaten Strait of Hormuz has been 'degraded,' CENTCOM says justthenews.com/node/176475?ut…

Applications for jobless benefits fall to 205,000 as layoffs remain historically low abcnews.com/Business/wireS…

Jensen Huang just called out every CEO who’s been firing people “because of AI.” Jim Cramer asked him why companies are laying people off if AI is supposed to make everyone MORE productive. Jensen's answer: "For companies with imagination, you will do more with more. For companies where the leadership is just out of ideas, they have nothing else to do. They have no reason to imagine greater than they are. When they have more capability, they don't do more." Read that again. The man who built the most important tech company on Earth just told you that if your CEO is using AI to cut headcount, it means one thing: They have no imagination. They have no vision for what comes next. They got handed the most powerful tool in human history and their FIRST instinct was to fire people. This is the CEO of NVIDIA. The company whose chips power every AI system on the planet. If anyone on Earth has the right to say "AI replaces workers," it's Jensen Huang. And he said the OPPOSITE. He said every carpenter could become an architect. Every plumber could become an architect. AI elevates capability. It doesn't eliminate it. But here's where it gets really interesting... During the same interview, Jensen revealed something nobody's talking about: He said AI startups like OpenAI and Anthropic are seeing their revenues increase by one to two billion dollars a WEEK. And he wishes these companies were public so the world could see what he sees. One to two billion per week. That's a $50 to $100 BILLION annualized run rate. For companies that most people think are burning cash and making nothing. The entire Wall Street narrative that "AI companies aren't profitable" might be completely wrong. Jensen sees their numbers. He sees their compute orders. He sees their growth. And he's saying the revenue is real. So if the money IS real, why are other companies firing people? Because they're not building AI products. They're not creating new revenue streams. They're not using AI to expand into new markets. They're using AI as an EXCUSE to cut costs because they ran out of ideas 3 years ago and need something to tell the board. Jensen's company added $500 billion in new orders in 5 months. He expects $1 trillion in cumulative revenue through 2027 from just two product lines. That number doesn't include the new chips, systems, or partnerships announced this week. And he's not cutting people. He's hiring. Because when you have imagination, more capability means MORE opportunity. Not less headcount. Meanwhile Salesforce cut thousands. Meta cut thousands. Amazon cut thousands. All blaming "AI efficiency." Jensen's response: You're out of imagination. He also said something that stuck with me. Cramer asked if he ever thought he'd build a $10 to $20 trillion company while waiting tables at Denny's. His answer: "I was just trying to make it through the shift." Biggest tip he ever got? Two, three dollars. Now he's building tech that increased computing demand by one million times in two years. He announced OpenClaw, which he says is as big as ChatGPT. And he's got 21 months of new business that isn't even counted in the trillion dollar figure yet. When asked how long he plans to keep working? "I'm hoping to die on the job. And I'm not hoping to die anytime soon." This is a man who believes every single thing he's building. And his message to every CEO using AI to justify layoffs is simple... You're not innovating. You're surrendering. The technology wasn't built to shrink companies. It was built to make them limitless. If your leadership can't see that, the problem isn't AI. It's THEM.

🚨🚨🚨MASSIVE SCANDAL AND COVERUP Melinda Rogers, the Biden DOJ’s Chief Information Officer, oversaw deals to integrate Microsoft Cloud into sensitive government systems. Multiple depts in the Biden admin were infiltrated by Chinese hackers through Microsoft Cloud systems. Biden's Deputy AG Lisa Monaco, was supposed to hold Microsoft accountable. After Biden's presidency, both women took high-level jobs at Microsoft. We are still giving Microsoft MILLIONS of dollars in contracts. Microsoft was never held accountable. This needs to be investigated. Reeks of corruption!!

🚨 BREAKING: Former National Counterterrorism Center Director Joe Kent is under FBI INVESTIGATION for allegedly leaking classified information "The investigation PREDATES his departure," per @IngrahamAngle Wow

AI chip testing is shaping up as the next bottleneck in the supply chain. Nikkei reports an AI chip can take more than 10 minutes to test, versus under a minute for a phone processor, and many now require 100% testing across multiple stages. That is driving a sharp revenue ramp for probing and test names like FormFactor, Micronics Japan, JEM, WinWay, and CHPT.

@munster_gene @munster-gene Please explain token to a non-techie

Fun one: Jensen mentions software developers are increasingly asking how many tokens come with their job. My take: It makes sense that developers who are tuned into the power of agentic AI understand their performance is going to be based in part on the number of tokens they can access. $NVDA

BREAKING: Cuba’s electrical grid suffers total collapse, per CNN.

BREAKING: More and more ships are now flowing through the Strait of Hormuz, per Treasury Sec. Scott Bessent.

U.S. Treasury Secretary Scott Bessent says the U.S. is allowing Iranian oil tankers to pass through the Strait of Hormuz. The goal is to avoid disrupting global oil flows through one of the world’s most critical shipping lanes.

BREAKING: President Trump plans to announce that multiple countries have agreed to form a coalition that will escort ships through the Strait of Hormuz, per WSJ. 1 hour until futures open.

Trump signed an executive order aimed at lowering mortgage costs by easing rules on smaller banks, updating HMDA reporting, and telling regulators to focus more on prudent underwriting than added compliance burdens.