Henry Blodget
@hblodget
Followers
136K
Following
836
Media
3K
Statuses
97K
Hello! I'm the founder and editor of Regenerator. Thanks for following me!
Joined June 2007
Amazon explains why it unplugged Parler. Because Parler refused to remove posts that called for the “rape, torture, and assassination of public officials and private citizens.”.
77
772
2K
American Airlines has spent more than $15B enriching its shareholders by buying back its stock in the past 6 years. Any bailout needs to be an equity investment that dilutes or wipes out existing shareholders and provides cash to pay employees.
50
607
2K
This makes it much easier to understand why Americans have such divergent views of what is actually happening.
64
622
2K
Tens of millions of Americans felt just as much frustration when their candidate lost in 2016. They didn’t violently attack Congress. And their President didn’t drive home to the White House to watch the riot on TV after inciting it with lies.
Pete Hegseth, one of the biggest MAGA guys on Fox, says "this is the result of frustration that a lot of people feel. I frankly wasn't surprised. I am not saying it is okay, I'm not saying all those things, but images didn't shock me." Listen to him channel the rioters.
29
168
1K
These restrictions are absurd. (No outdoor dining, no walking/jogging outside, “stay home.”) We know a lot more now than we did in March about how covid spreads. Every needless restriction not supported by science erodes confidence in gov’t and increases the backlash.
This seems so counterproductive. In LA, you're not (technically speaking) allowed to go on a masked, distanced jog with one friend? Few people are going to abide by those rules and you lose your claim to being science-driven.
91
255
1K
A “debate” between RFK and a vaccine scientist might be interesting, but, for starters, here is a point-by-point response to.RFK’s claims. (Live debates are more about rhetoric and engagement skills than data and logic. If the goal is truth, science is a more reliable route.).
1/ I watched Robert F. Kennedy Jr. on Joe Rogan yesterday and it gave me an opportunity to look into some of the "old-school" antivax claims. First Joe Rogan let's us know that he used to think RFK Jr. was "kinda loony", but now he's a true believer in RFK's antivax claims.
87
151
808
Elon’s 10-year Tesla options were about to expire, so he had to sell them. The Twitter bid did allow him to do that without his facing questions about why he was selling. And he sold at an excellent price!.
entire thing was clever ruse to. SELL + LIQUIDATE $8.5 BILLION of TESLA STOCK.(w/plausible excuse for doing it). 80% odds Elon pays $1B breakup fee . walks away with $7.5B liquidated.20% spends $100M fighting litigation. honestly think he can “land rockets”.but can’t fix ‘bots’?.
46
202
905
Merck stock up after CEO quits Pres Trump's council to protest Pres Trump's refusal to condemn white supremacists.
16
305
718
With respect. I am an entrepreneur. A 70% marginal rate on income over $10mm or a wealth tax over $50mm would not even dent my "incentive to continue to take risk," much less "kill" it. I get that no one wants to pay taxes. But that logic is ridiculous.
57
170
754
Hear hear. The experts agree outside (with distance) is low risk. Open the parks and beaches. The more freedom we can give ourselves, the longer we’ll be able to sustain restrictions that actually have a big impact.
25
198
825
It’s just absurd that members of Congress can trade stocks and options.
NEWS: In a new disclosure filing, it was revealed that House Speaker Nancy Pelosi on Dec 22, 2020 bought 25 $TSLA call options with a $500 strike price and an expiration date of 3/12/2022. She paid between $500k-$1M for the options.
61
168
744
With enormous respect, Rep. Ocasio-Cortez, you're still wrong about this one. NYC would have benefited greatly from having 25,000 Amazon folks working, living, spending, and paying taxes here. NYC would have netted vastly more than the subsidy. Losing Amazon cost NYC billions.
Me waiting on the haters to apologize after we were proven right on Amazon and saved the public billions
76
69
726
Where is the science showing that outdoor dining is particularly risky? Why has California banned it? One reason there’s so much backlash against government restrictions is because some of the restrictions are unnecessary and unhelpful.
The ban on outdoor dining in Los Angeles is under fire again after a restaurateur posted video of a film crew’s legal catering site next door.
33
61
641
Democrats better make clear that they also want to reopen as soon as possible — or they’re going to get clobbered in November. Lockdowns are terrible. Quarantine fatigue is real. We need a smart reopening plan.
86
121
595
No, Mr. President. What is causing the stock market "headaches" is rising interest rates, rising recession risk, your ballooning deficit, your trade war, and the end of your tax-cut crack hit.
The prospect of Presidential Harassment by the Dems is causing the Stock Market big headaches!.
20
188
516
This is not about “politics.” It’s about assault weapons and domestic terrorism.
Texas Gov. Abbott on the issue of gun violence after El Paso mass shooting attack: "I think we need to focus more on memorials before we start the politics." .
46
111
479
Rent control in San Francisco backfired. It led to a 25% reduction in the number of rental apartments — and thereby contributed to skyrocketing "market" rents.
95
116
537
This is the key. The fact that billionaires exist is not the problem. The problem is that huge, rich companies still choose to pay poverty wages to people who dedicate their lives to the companies and are responsible for the companies’ success.
My daddy couldn’t work after his heart attack. We lost the family station wagon, and we nearly lost the house. But my mother got a minimum wage job at Sears that saved our house. Today, a minimum wage job can’t support a family of three. I'm fighting so every family can succeed.
48
104
441
Previously healthy 48 year-old. In ICU for two weeks, much of it on a ventilator. Last rites were administered. He made it, but his story should sober up anyone who still thinks coronavirus isn’t serious.
20
190
384
Chamath is right. Pandemics are one of the many risks that investors assume in exchange for the potential rewards of better returns. It shows how completely we have embraced the bailout culture of “privatize gains, socialize losses” that this observation is news.
The U.S. shouldn’t be bailing out billionaires and hedge funds during the coronavirus pandemic, Chamath Palihapitiya, founder and CEO of investment firm Social Capital, said earlier this week.
14
97
387
Yes! Investors increasingly banking on a VP Biden win, a competent coronavirus response, and strong stimulus!.
STOCK MARKET UP BIG!.
11
59
357
What’s happening here, in case anyone is curious about the larger story, is that states are being forced to form new groups of “United States” because the Federal government we elected and pay to do it isn’t doing it.
Cuomo just announced Massachusetts has joined, adding our first Republican governor to this collab.
21
121
375
This is a remarkable illustration of how people's political "team" colors their view of reality @akarl_smith.
96
260
312
Three cheers for @andersoncooper and @MarthaRaddatz. Extremely tough job and very well done.
11
101
325
See? Trump has not been “silenced.” He is free to say whatever he wants. (This took several days too long, and I assume he didn’t want to do it, but at least someone in the White House got it done.).
Presidential proclamation regarding the death of Officer Sicknick
18
65
286
Very respectfully, Senator, Pres Trump cannot be given a $500 billion secret slush fund to give and not give money to whoever he wants without having to tell Americans. GOP needs to drop non-starter terms like that.
Nothing in the Senate has shocked me, until today. Standing in the way of a critically needed rescue package is irresponsible and reckless. Dems say not enough money to states: nearly $200 billion isn’t chump change. Hospitals get at least $75 billion.
12
97
288
In a just world, the first salaries to be shut down in a shutdown should be Congress and the White House. And those should be lost forever.
12
67
266
No rent control in Tokyo (and, perhaps, easier regulations) lead to housing supply keeping up with demand. 2BR rent still under $1,000/mo. NYC and SF take note.
26
105
309
This is exactly what all serious economists expected.
Remember when Trump/Ryan promised that #GOPTaxScam would lead to a $4,000 pay increase?. After inflation, wages are down since tax law was passed. Real wages are also down since Trump took office. Meanwhile, the superwealthy and shareholders are doing quite fine. #TrickleDown
5
177
261
Actually, we should be testing thousands of people a day who don't have symptoms. Because many people are infected, infectious, and asymptomatic. We need to identify them and isolate them, the way China and South Korea have. It's the only way to get a handle on this.
VP Pence says tens of thousands of tests for Coronavirus infection are being performed daily. Reminds American people that “If you don’t have symptoms, you don’t need to get a test.”
10
99
261
This is a gripping movie narrative: David v Goliath. But, respectfully, Goliath — Wall Street — was on both sides of this trade. And it is now clear that Robinhood shut down traders because it almost went bankrupt, not because of some save-Wall-Street conspiracy.
19
69
284
At least we're finally moving past the fiction that the refusal to release the returns had something to do with an audit.
"He's not going to release his tax returns. We litigated this all through the election. People didn't care," Kellyanne Conway says on ABC.
16
166
262
Respectfully disagree with Sen. Sanders here. Trump repeatedly violated clear rules that any private company is allowed to set. He was warned. He ignored the warnings. And Twitter is better for everyone as a result of the ban.
Bernie Sanders said he's not comfortable with Twitter banning 'racist, sexist' Trump
25
42
244
The stock market is "rigged" against individual investors in the same way professional baseball is "rigged" against beer-league softball players. The pros have vastly more information, experience, resources, and skill, so they're much better. Happily, there are index funds.
By a wide margin, people believe that the stock market is rigged against individual investors, according to the poll. Note the vote and party breakdowns: It's more Biden/Democrats than Trump voters (although they still largely believe it)
28
32
280
Index funds beat ~70% of professional investors every year, and 95% over the long haul. They're cheap and easy. If you actually care about investing intelligently, instead of having fun speculating, they're the best way to go.
8
43
273
Australian researchers predict best-case scenario for coronavirus is 15 million deaths and $2.4 trillion hit to GDP. (For context, 1918 Spanish Flu killed 50+ million. 1968 Hong Kong flu killed ~1 million).
32
156
235
Sen. Warren not buying the story that the scandal here is small investors being prevented from speculating as frantically as they would have liked. (by choosing a weakly capitalized trading platform of which they are not actually the customers).
Casino-like swings in stock prices of GameStop reflect wild levels of speculation that don’t help GameStop’s workers or customers and could lead to market instability. Today I told the SEC to explain what exactly it's doing to prevent market manipulation.
18
49
259
"Throughout the crisis, the top priority of the President, and everyone who works for the President, has been the protection of his ego." Well, at least the White House agrees on priorities.
4
77
227
Once again, high-quality journalism makes the world a better and truer place. Anyone who is truly patriotic — in either party — should root for this.
7
71
217
A fine idea. Especially for big companies. The problem in our economy is a lack of consumer spending power, not a lack of business profit. Higher wages will get spent on products and services, helping companies and the economy.
Joe Biden is doubling down on raising the minimum wage to $15 an hour despite the economic downturn. It could bump paychecks for over 27 million workers.
17
43
221
US taxpayers pay the salaries of everyone in the CEA. We pay them to deliver correct facts and analysis so our other employees (including the President) can make better decisions.
This is bad on many levels. Presidents don’t take office in November. Obama also took office during the worst recession/financial crisis since the Great Depression. CEA is historically so much better than this.
5
70
208
Remarkable that an apparently acceptable defense of incompetence is “we didn’t know until yesterday” with respect to something that everyone — including all the experts — have been talking about everywhere for weeks.
23
85
236
And this is why our current healthcare system, which ties insurance to employment, is absurd. Basic health insurance for all is a simple, decent idea. It would make this country better for everyone.
10
92
251
Airlines spent huge amount of cash on buybacks to help shareholders in past ~10 years. Now they want $29B in grants (gifts) and $25B in loans, plus tax breaks. Gov't should insist this cash goes to employees, not shareholders.
8
105
242
GIULIANI: "Don't you think a man who has this kind of economic genius is a lot better for the US than a woman?" (!!)
43
267
228
Yes. I would respectfully ask folks who think NYC “stood up to Amazon” yesterday to read this. Good jobs are good for cities and for the people who live in them. That’s why cities fight so hard to try to attract good employers.
37
50
246
Elon Musk realizing that 1) he overbid for Twitter, 2) it won’t be so easy or fun to “fix” (there’s already very free speech here and a lot of it is unpleasant, 3) he’s already bored and ready to move on to the next thing, which hopefully will be more meaningful.
Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users.
23
65
224
Ex-CIA officers say they would not have briefed Trump if thought dossier was just "vague rumors" @NatashaBertrand.
14
195
191
Shutting down fast works. Look at the difference between Lodi and Bergamo in Italy. Lodi shut down first. Bergamo now has far more cases. (Excellent new research from University of Oxford & Nuffield)
Opinion | More of the US should shut down to slow the spread of the coronavirus By @hblodget.
7
154
231
I have enormous respect for Marc Andreessen and many of the other folks who are super-excited about Web3. I’m trying to understand what they’re so excited about. And I confess I still don’t get it.
This is incredible. Another example of a high profile Web3 backer totally flailing on a podcast when trying to describe the advantages.
27
7
238
Obviously, everyone wants a tax cut. But we should still get facts right. US is not "one of the highest taxed nations in the world"
Last night in Iowa, @POTUS claimed we are "one of the highest taxed nations in the world." He's wrong ->
24
172
200
Californian flees Silicon Valley for the paradise of Austin, Texas discovers it's actually kind of crappy—and not cheap—and moves back.
23
30
221
Polio has a similar range of effects as COVID: 70%+ of cases have no symptoms. Only 0.1%-0.5% of cases lead to paralysis or death. Was polio similarly politicized? Or did most people agree it was a real and awful disease that was worth fighting?
97
35
218
Of course Trump is just making things up. But imagine making this defense for any other responsible leader: “He’s not responsible for the fact that what he told you wasn’t true.” It’s so lame and weak. Any real leader would say, “I am responsible.”.
flack Hogan Gidley defending lies: Trump is “getting that information from advisers who are telling him they have evidence of certain things. So he’s going to come out and say ‘here’s what I know’ or ‘here’s what I’ve been told.’ The President doesn’t make these things up”.
14
47
191
Yes. The “entrepreneurs need a super-low tax rate or they won’t start companies” line is fiction. It sounds smart, but it’s not true. It’s just an excuse to cut taxes.
I have started I don't know how many businesses in my life. Not one time have I ever considered the income tax rate before starting a business. I'm an entrepreneur. I start companies.
19
40
215
Meanwhile, the players who actually won the game don’t get jack.
With tonight's win, Nick Saban becomes the first college coach to make $9 million ($9,025,000) in a season. $7.5 million salary. $800,000 new contract incentive. $75,000 for SEC title game. $50,000 for winning title. $400,000 for CFP semifinal. $200,000 for tonight's win.
17
35
213
Will the US Chamber of Commerce also be calling for companies to raise wages so Americans no longer need federal benefits to survive while working full time?.
* U.S. CHAMBER OF COMMERCE SAYS CALLS FOR ENDING $300 WEEKLY SUPPLEMENTAL FEDERAL UNEMPLOYMENT BENEFIT TO ADDRESS U.S. LABOR SHORTAGE. @Reuters.
13
49
173
Eric Schmidt makes a smart point: The pandemic could actually be great for commercial real-estate, because companies will want MORE office space, not less, as they redesign offices to support social distancing.
134
35
221
Why any American thinks our current healthcare system is great is beyond me. We spend the most for the worst results of any rich country.
14
93
180
10,000-strong Trump crowd went nuts this eve. Anyone who thinks he can't win should see this
49
177
152
Yes, Wall Street is "rigged" against part-time, amateur traders -- the same way professional golf is "rigged" against weekend duffers. The pros have vastly more resources, experience, and skill.
19
34
197
RT @ezraklein: Wow. RT @iseff This is an incredible map. 50% of GDP comes from orange areas, 50% from blue. http://t.co/2iEcARRfbv.
31
449
195
Depressing story about how the government of San Francisco refused to allow a group of generous people to give everyone in the city free Internet access. .
9
54
161
US daily coronavirus cases back over 50,000 and rising again. Still one of the worst countries in the world (including per capita).
19
118
165
“Job creator” has always been an absurd self-aggrandizing concept, at least when focused on a CEO or investor. ~1,000 amazing people now work for Insider. I didn’t “create” those jobs. Our team, audience, subscribers, clients, investors, and economy create and sustain them.
The term “job creator” is one that has no logic in a tight labor market. Purely an artifact of a time when businesses could assume that if they were hiring, that they would be flooded with applications.
12
15
181
If the driver still has to pay attention and take control at any millisecond, maybe we shouldn’t call it “Full Self-Driving”?.
Elon Musk says some Tesla drivers were removed from beta tests for its Full Self-Driving software for not paying attention to the road
19
44
185
Yes, this is one of the most persistent and crazy hallucinations among casual traders. Just because you can play the same game as professionals doesn’t mean you’re even close to being in the same league. It’s obvious in golf. But somehow impossible to understand in trading.
@DKThomp The idea that you can open your phone, download an app, and be on the other side of a trade against Steve Cohen is, while false, probably one of the most irresistible narratives imaginable.
39
42
191
MARK CUBAN: There's only one thing in life you can control--your own effort http://t.co/27KDhVfJ
@mcuban.
16
410
180
Usually a big fan of your boldness and leadership, @aoc, but respectfully, you’re looking at this one the wrong way. NYC lost a lot of future jobs, tax revenue, and consumer spending today. Amazon, meanwhile, will now just provide those benefits to another city.
Anything is possible: today was the day a group of dedicated, everyday New Yorkers & their neighbors defeated Amazon’s corporate greed, its worker exploitation, and the power of the richest man in the world.
24
19
189
Glad someone else is noticing the disparity between the way the White House is telling everyone else to act compared to the way they themselves are acting!.
Per @JDiamond1, anonymous Trump admin official "says there is extreme sensitivity inside the White House right now at the current state of affairs — officials recognize the contradiction in telling states to reopen while the WH enhances protocols to prevent spread of the virus.".
16
45
161
What a waste.
A single Bitcoin transaction now requires more than 2,000 kilowatt-hours of electricity, or enough energy to power the average American household for 73 days, researchers estimate.
0
27
169
Remarkable that people still argue that problem with economy is high tax and lack of incentives for rich folks
11
141
163
A “pre-packaged” bankruptcy could be a powerful personal tax move! Elon could take the $44 billion loss and use it to offset some of his Tesla gains. And cut a deal with the lenders to issue new equity to everyone at a low basis while maintaining control!.
ELON MUSK JUST TOLD TWITTER EMPLOYEES HE’S NOT SURE HOW MUCH RUN RATE THE COMPANY HAS AND “BANKRUPTCY ISN’T OUT OF THE QUESTION.”.
31
43
176
Almost certainly because Trump figured out a way to book lenders' losses as his losses for tax purposes
30
99
153
Nice try, Mr. Rabois! The market has known about VP Biden’s tax plan for 1+ year (and it’s not 2X). The market’s tanking because the pandemic is resurging, the current Administration has given up, and Congress failed to pass another stimulus plan.
The market has finally read the Biden website which advocates 2x the capital gains tax rate.
29
23
164
In this case, the plane did spectacularly well! The engine (made by Pratt & Whitney) exploded during takeoff. The plane survived the explosion and then flew perfectly back to the airport.
It's very cool that there are two (2) plane manufacturers and one (1) of them makes planes that don't seem to fly well.
7
12
155
Twitter has embraced what it is -- a real-time news and communications network. And the new video strategy is working very well.
Twitter now $20.50. "Quietly becoming a bullish stock," says @jimcramer . $TWTR @CNBC.
9
49
181
Yes, unnecessary. But also not worth even thinking about, Mr. Vance! Who cares if they’re wearing masks? How does that have the slightest impact on the Ohioans you want to represent? What happened to “freedom”?.
I’m in DC today and just saw a group of girls on the Potomac rowing—outside in the sunshine—all of them with masks on. Just totally insane.
11
13
164
Um, Andrew Yang didn't "fail up." He ran, built, and sold a company. That doesn't mean he'll be an effective mayor, but it does show that he can run an organization successfully. (Also, what do elected officials do if not "play with other people's money"?).
NYC mayoral candidate Maya Wiley says New York is 'not another startup' where Andrew Yang 'can play with other people's money and fail up'
6
15
167
North Korean cheerleaders at Olympics required to use bathroom in groups to minimize risk of defection.
21
124
158
The Constitution has served us well since the birth of the nation—and seen us through far greater challenges than we face today. There is no reason to rip it up now.
We cannot allow all of these people to invade our Country. When somebody comes in, we must immediately, with no Judges or Court Cases, bring them back from where they came. Our system is a mockery to good immigration policy and Law and Order. Most children come without parents. .
14
38
159
Mr. Zuckerberg on @CNBC in 2004 said initially thought “theFacebook” might get 400-500 users http://t.co/tYXJTYTV6o.
11
173
171
Well… Then let’s also blame the absurdity of the prior Tesla price on the Fed — for keeping interest rates at zero for 13 years.
Elon Musk blames Tesla's $600 billion plunge in market value this year on the Fed - as rising interest rates erode the appeal of stocks
10
22
170
Imagine selling your apartment or house or car in a hot market, getting offers for twice as much as you expected to get, but agreeing to sell for half that price just to give a huge overnight windfall to the buyer. That’s how crazy the prevailing IPO pricing mentality is.
Number of IPOs that have doubled on day one, per year. 2010: 0.2011: 1.2012: 1.2013: 6.2014:6.2015: 5.2016: 1.2017: 1.2018: 1.2019: 3.2020: 19 . More on @SquawkCNBC at 8:30 a.m. tomorrow.
21
13
181
Yes, this is absurd. The stock market is plunging because of 1) extreme valuations, 2) rising interest rates, 3) ballooning Trump/GOP deficit, 4) Trump tax war, 5) rising recession risk, 6) rising inflation, and 7) end of the Trump tax-cut crack hit.
Trump makes baseless claim that the stock market is plunging because of the prospect of Democrats investigating him
13
85
165
Sweden’s approach is working. The lesson is that lockdowns aren’t binary. Sweden has restrictions — no pro sports, no big gatherings, distancing in businesses, etc. But grade schools and businesses are still open.
Sweden is the model to follow.
37
58
170
Do I have this right? The Republicans closed a war memorial so they could heroically break into it?.
106
415
138
Great Jeff Bezos quote on the Fire Phone flop: "We're working on much bigger failures right now" @eugenekim222.
1
149
171
No one wants to pay more taxes. But saying a wealth tax for assets over $50mm or a 70% marginal rate on income over $10mm will “hurt the economy” is ludicrous.
Billionaires who hate Alexandria Ocasio-Cortez's 70% tax on the super-rich are adamant it will hurt the economy — but history suggests otherwise
16
41
150
One political myth we can now officially dispense with. "the ground game".
4
80
159
Jury still out on Sweden's approach to restrictions. Many more deaths than neighboring Nordic countries. But they're doing about as well as the US, with schools and most businesses open.
The architect of Sweden's decision not to have a coronavirus lockdown said he still isn't sure it was the right call
34
37
165
Meanwhile, Trump refuses to release tax returns
Republicans and Russian hackers have made Hillary Clinton the most transparent candidate in history
11
112
122
Boeing changed the way engines are mounted on the new 737, which changed the plane’s center of gravity. Software designed to counteract that now appears to make plane nosedive if sensors fail.
23
130
157
Remember the videos showing casinos jammed with people after Las Vegas reopened? Unfortunately, we now appear to be seeing the unsurprising consequences. Crowded indoor spaces with talking, booze, and prolonged exposure = high risk, especially without masks.
Absolutely MASSIVE outbreak in Las Vegas—highest positive, 29%, and case growth I’ve seen ever. From just 11 days ago 👇🏻
10
89
155
When America looks back on "frequent gun massacres" part of its history, PhDs will be written on why it took us so long to address problem.
43
197
150
100%. Mind-boggling that people refuse to admit it. "@pegobry: This remains absolutely correct. http://t.co/nYC4UZXxdP”.
35
164
157
Prediction: If Democrats don’t nominate a strong, charismatic candidate who disavows the word “socialism,” Pres Trump’s repetition of it will get him re-elected. Millennials may be okay with the word, but older Americans aren’t.
Trump wants to make “socialism” a boogeyman, in the hopes of confusing and freaking out the public. The GOP has been using this scare tactic for at least six decades, and at some point it may backfire.
34
35
159