| Ticker | Direction | Speaker | Thesis | Time |
|---|---|---|---|---|
| LONG |
Vonnie Quinn
Anchor, Bloomberg |
"ZIM shipping up a whopping 40% on the back of some M&A news... Danaher nearing a $10 billion deal for Masimo... Norwegian Cruise is up on the back of activist investor Elliott taking a stake... Paramount... renewed talks with Warner Bros." We are in a high-velocity M&A environment. ZIM and MASI are direct buyout targets with immediate premiums. NCLH is an activist turnaround play (Elliott usually forces operational improvements or a sale). PARA is in a bidding war (Warner vs. Netflix), which typically drives the price to the highest bidder. LONG these specific tickers as event-driven plays. Regulatory blocking of deals (antitrust) or deal financing falling through. | 1:53 | |
| LONG |
BHP CFO
Chief Financial Officer, BHP Group (Clip) |
"For the first time... 50% of our earnings came from copper... we are revising the guidance up meaning that we will produce more copper. And in the constructive copper price environment we are in." BHP is successfully transitioning from an iron-ore dependent miner to a copper-dominant miner. With copper prices "constructive" (high) and production guidance raised, earnings momentum will continue. The market pays a higher multiple for copper exposure (growth/electrification) than iron ore (cyclical/China construction). LONG BHP to capture the copper supercycle premium. Global recession reducing industrial metal demand; operational issues at Chilean mines. | 14:00 | |
| LONG |
Tom Mackenzie
Anchor, Bloomberg |
"Anthropic... hitting a snag... trying to put a guard rail to stop it to be used for... mass surveillance... or autonomous weapon systems. The Pentagon seems to be pushing back hard... opens the door for OpenAI, Gemini or Grok to get a piece of the action." The Department of Defense has a mandate for lethal/surveillance AI. If Anthropic refuses on ethical grounds, the massive government contracts will flow to competitors who are willing to comply (OpenAI/Microsoft, Google/Gemini, xAI). The Pentagon views ethical restrictions as a "supply chain risk." LONG the "compliant" AI providers (GOOGL, MSFT) and private equity exposure to SpaceX/xAI. AVOID Anthropic-linked vehicles for defense exposure. Public backlash against "killer AI" developers; changes in Pentagon procurement policy. | 10:33 | |
| LONG |
Marvin Loh
Global Senior Macro Strategist, State Street |
"I would say equal duration makes sense... think through some of the more stable aspects of the technology sector... Gold... is no longer that safety hedge." State Street believes the "Risk On" trade is rotating, not ending. Volatility requires a safety anchor, but Gold and Swiss Franc are too expensive. Therefore, the best risk-adjusted allocation is "Equal Duration" (buying Treasuries to lock in yields as the Fed cuts) and "Stable Tech" (Cash-rich, profitable tech, not speculative AI startups). LONG TLT (Duration) and Quality Tech. AVOID Gold (XAU) as a hedge. Inflation re-accelerating (above 2%) would hurt the long duration bond trade. | — | |
| SHORT |
Vonnie Quinn
Anchor, Bloomberg |
"Unemployment rate in the U.K. hitting the highest since the pandemic cementing the bet on two interest rate cuts... Sterling weakening." Weak labor data forces the Bank of England to cut rates aggressively (March/April). Lower rates relative to peers (or just the expectation of them) devalues the currency. SHORT Sterling (GBP) against the USD or Euro. Unexpectedly high UK inflation data forcing the BoE to hold rates. | — |