Big Week - Big Earnings on Wednesday Oil Unusually stable Helicopter Accident - Another "fog" incident? Meme stocks come back to earth PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter DONATE - Show 700 Campaign Warm Up - Big Week - Big Earnings on Wednesday - Oil Unusually stable - Helicopter Accident - Another "fog" incident? - Meme stocks come back to earth - We have an Osbourne Effect Market Update - 40,000 ! Get the party hats! - ATH, ATH, ATH - Commods - Copper and Gold (AND silver) - VIX - lowest since 2019 - Someone better against Tesla (Big name) Banks - The Federal Reserve and two other U.S. regulators are moving toward a new plan that would significantly reduce a nearly 20% mandated increase in capital for the country's biggest banks following lobbying efforts by industry CEOs like JPMorgan Chase's Jamie Dimon, the Wall Street Journal reported over the weekend. - Required increases in capital for banks like JPMorgan and Goldman Sachs meant to ensure they have sufficient buffers to absorb potential losses — would on average be about as much as originally floated, the Journal added. - Top officials from all three agencies involved in the pending capital rules — the Federal Reserve, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency — are still discussing substantive and technical revisions and there is no guarantee that an agreement will be reached, the WSJ reported. Goodbye? - In a response to a question Monday about the bank's succession planning, Dimon indicated that his expected tenure is less than five more years - That's a key change from Dimon's previous responses to succession questions, in which his standard answer had been that retirement was perpetually five years away. - Stock dropped 4% on that conversation No Direction - Grasping .... - Snap Inc. Chief Executive Officer Evan Spiegel said he’s investing more aggressively in bringing artificial intelligence and machine learning to Snapchat to make it more interesting for its users, the next major shift after years spent overhauling its advertising business. - “There was a recognition that we’d fallen behind the curve on the machine learning side, which, to some degree, was reflected in the business performance,” Spiegel said in an interview. “We needed to improve there and bring together some of our most senior machine learning folks to just talk about what it would look like for us to get to state of the art and really invest.” Meanwhile - VIX is sagging - The CBOE Volatility Index, which measures the 30-day implied volatility of the S&P 500, closed Friday at the lowest level since November 2019 as the benchmark stock index traded in a tight range just below the all-time high. - Aside from an April pop, the VIX has been muted for much of 2024 as shares climbed. VIX Chart Interesting - Online home goods retailer Wayfair is opening its first namesake store, near Chicago, following a string of other digitally native companies that have turned to brick-and-mortar for growth. - So they think the low cost failed execution is going to do better in the higher cost brick and mortar arena? - The company says people need to still sit in and try furniture.... (WHAT?) AI - Here we go - OpenAI has disbanded its team focused on the long-term risks of artificial intelligence just one year after the company announced the group, a source familiar with the situation confirmed to CNBC on Friday. - News of Sutskever's and Leike's departures, and the dissolution of the superalignment team, come days after OpenAI launched a new AI model and desktop version of ChatGPT, along with an updated user interface,