The Texas Hedge

Welcome to the latest episode of The Compound & Friends, a new podcast from your favorite financial and investing commentators. This week, Michael Batnick, Adam Parker, and Downtown Josh Brown discuss:
The Case for Small Caps
Yield Curve Inversion
Ned Johnson RIP
Instacart/private markets markdowns
What do commuters think of NYC’s comeback
No, the Great Resignation isn&#…

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  1. The US intelligence community believes that Russian President Vladimir Putin’s war in Ukraine is likely to become “more unpredictable and escalatory” in the coming months, the nation’s top spymaster told Congress on Tuesday.

  2. Elon Musk on Saturday tweeted that Twitter’s legal team accused him of violating a nondisclosure agreement by revealing that the sample size for the social media platform’s checks on automated users was 100.

  3. TikTok posts about actor Johnny Depp’s defamation trial against his ex-wife, actress Amber Heard, have turned a stay-at-home mom based in Scotland into an accidental influencer. Or, perhaps more aptly, a DeppTok influencer.

  4. Lake Mead’s water levels are plummeting as the western US experiences an unprecedented drought. Watch visitors discover an old boat coming back to the surface.

  5. An Indian street food restaurant in Asheville, North Carolina, and an African American chef at a fine dining restaurant in Savannah, Georgia, earned two of the American culinary community’s top awards on Monday night.

  6. The Supreme Court’s decision on Friday to overturn Roe v. Wade has raised fears that it could have “far-reaching ramifications” on people looking to get pregnant and the clinics providing services to help them.

  7. A federal jury has found former Trump adviser Steve Bannon guilty of contempt of Congress for defying a subpoena from the House select committee investigating the January 6 attack.

  8. The monkeypox virus has spread quickly in clusters across the United States — at certain music festivals, pool parties and bathhouses — and now public health officials in areas with a lot of infections want more vaccines made available to help control transmission, which appears to happen when people touch intimately, skin to skin.

  9. Former President Donald Trump on Tuesday outlined a hardline and harsh criminal justice agenda for the Republican Party, praising China’s justice system, pushing for the death penalty for drug dealers and arguing the federal government should circumvent governors to use the National Guard to fight crime.

  10. It was just three days into Republican Rep. Peter Meijer’s term when a pro-Trump mob ransacked the Capitol. A week later, the freshman voted to impeach Trump.

  11. CNN’s Pentagon Correspondent Barbara Starr explains China’s actions following House Speaker Nancy Pelosi’s visit to Taiwan.

  12. A Nebraska mother and her 18-year-old daughter are facing multiple charges in a case that involved police obtaining Facebook messages between the two that authorities allege show evidence of an illegal self-managed medication abortion, as well as a plan to hide the remains.

  13. For the last 72 hours, since the FBI conducted a search of Donald Trump’s Mar-a-Lago home, the former President has spouted any number of claims about what happened and why. He’s said that Democrats led the search (they didn’t) and raised the possibility that FBI agents might have planted evidence, without providing any proof of the allegation.

  14. CNN’s Kyung Lah goes inside the first large Republican rally since the FBI searched Trump’s Mar-a-Lago residence, where Florida Gov. Ron DeSantis (R) headlined the event.

  15. For weeks now, migrants have been arriving by the busload in New York City and Washington, sent there by Texas Republican Gov. Greg Abbott, in a cynical ploy that is overwhelming public services in both cities.

  16. For well over a century, water has gurgled through a web of gutters and channels on Cécile Messelis’ farm, flowing into an underground reservoir and earthen troughs to nourish crops sown across terraced fields.

  17. CNN’s Fred Pleitgen reports that Russia is blaming Ukraine for the car bomb that killed Darya Dugina, the daughter of influential Russian philosopher Alexander Dugin. ​Ukraine denies it was involved.

  18. An off-duty New York City correction officer accused of fatally shooting a teenager in the face was indicted on murder and manslaughter charges Monday, prosecutors said.

  19. President Joe Biden is planning to kick-start the implementation process of the sweeping $280 billion law to boost US domestic chip-making and scientific research, according to a copy of an executive order obtained by CNN.

  20. As the marathon meeting between rail industry and union representatives neared its 12th hour, the moment Biden administration officials viewed as equal parts inevitable and essential was set into motion.

  21. CNN’s Pamela Brown asks Senator James Risch (R-ID), ranking member of the Senate Foreign Relations Committee, how he thinks Russia’s invasion of Ukraine will end.

  22. Hazardous tsunami waves are possible along coastlines within a 300-kilometer (186-mile) radius of a 6.9-magnitude earthquake that hit southeastern Taiwan on Sunday, the United States Geological Survey (USGS) has said.

  23. Another significant storm system will plow into the West Coast on Friday, bringing heavy rain, mountain snow and strong winds — and the last day of the year will be a wet one in the Northeast and the Southwest.

  24. Parts of drought-plagued California are facing an onslaught of powerful storms to start the new year, bringing flooding rainfall and even mud and debris flows to the state.

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