David Sacks: The Economy Is Stronger Than You Think “There's been a tremendous amount of economic data in just the last week or two showing that the economy is much stronger than people are giving it credit for. So first of all, Q2 GDP was revised up to 2.2% from 1.5%, so that's basically a 50% increase. Economists had expected no revision. Q1 was also revised up to 2.5% from 2.1%. And if you look at the Q3 growth, it's tracking well above that. The Atlanta Fed GDPNow is showing around 3.7% as of late last week. And then there was also some good news on inflation, we saw that core PCE just came in at 3.0% versus 3.3% expected. So inflation is still a bit too high, but actually it is cooling and beating expectations. And then finally, you look at manufacturing. We're seeing a huge wave of re-industrialization in this country. A couple of the measures are the Chicago PMI and then ISM Manufacturing. They both are well into expansion territory and beating forecasts. Just one last point, let's talk about poverty for a second, because I want to address the idea that this is just a K-shaped recovery. So if you look at US household income, it's now at record high. The median household income is almost $90,000, and after-tax household income is growing again in the second Trump term, it's averaged 3.1% a year. In Trump 47, it was 3.9%, in Trump 45, and it was -1.2% in Biden's term as a four-year average. So we're seeing that after-tax household incomes have risen by 3.1%, and the poverty rate in the US has fallen to its lowest level in history, 10.2%. So the poverty rate, the child poverty rate, these are all at historic lows. The average household's real income after inflation, after taxes, is increasing for the first time in years. And you've got this SI boom that the Wall Street Journal said is bigger than the railroads, the canals, and the electric grid combined, and all these things are basically fueling strong growth in the economy. And again, I would just dispute the K-shaped narrative because the poor are benefiting and the average household are benefiting as well.”

i don’t think we’ve fully processed how big this AI wave shift we're living in really is. every app, job and business that was built around humans doing the clicking is about to get rethought. for 40 years computers were like cars where we had to do all the driving, and now they’re becoming chauffeurs where we just say where we want to go.

These guys and @JackMedia7 are leading the charge and raising the bar in promoting a new wave in a re-education agenda and realigning men, women, and families! United in raising your personal performance! Visit Alyssa at Check them at @DeChristianLife @ModernxDad @MasculineM7 @fem_mindset @_RoadToSuccess_ @itsmelaurin @drdating007 @YourPrimePath @JedediahBila @mindoverweaknes @SGabardi1111 @MonicaMAlmaguer @LeadersJunction @usuallypregnant @StrongMarriage5 @GiaMMacool @dtop1percentmen @Men_Of_Purpose

These guys and @JackMedia7 are leading the charge and raising the bar in promoting a new wave in a re-education agenda and realigning men, women, and families! United in raising your personal performance! Visit Alyssa at Check them at @DeChristianLife @ModernxDad @MasculineM7 @fem_mindset @_RoadToSuccess_ @itsmelaurin @drdating007 @YourPrimePath @JedediahBila @mindoverweaknes @SGabardi1111 @MonicaMAlmaguer @LeadersJunction @usuallypregnant @StrongMarriage5 @GiaMMacool @dtop1percentmen @Men_Of_Purpose

These guys and @JackMedia7 are leading the charge and raising the bar in promoting a new wave in a re-education agenda and realigning men, women, and families! United in raising your personal performance! Visit Alyssa at Check them at @DeChristianLife @ModernxDad @MasculineM7 @fem_mindset @_RoadToSuccess_ @itsmelaurin @drdating007 @YourPrimePath @JedediahBila @mindoverweaknes @SGabardi1111 @MonicaMAlmaguer @LeadersJunction @usuallypregnant @StrongMarriage5 @GiaMMacool @dtop1percentmen @Men_Of_Purpose

Marc Benioff to SaaS CEOs upset about AI hurting their valuations: Grow up, wipe your tears, focus on the customer Chamath: “ Let's say you were running a software company that was before the AI wave and you're private. There's a bunch of these companies that were supposed to go public, (but) didn't go public. What should they do? What do those boards do?” Marc @Benioff: “Here's some Kleenex for them for all their tears. I mean, I talk to these CEOs, they're crying, "Look at my market cap, I'm not getting paid for my work." Guys, grow up. That's what I love about the public markets, they rationalize everything all the time. So great, be in the public markets. You want to be in a private market? Your valuation is fantasyland until somebody's actually going to pay you. So I just tell them, focus on your revenue, focus on your customers, focus on your cash flow, focus on your profitability, focus on your innovation. How are you going to add value to your customers? That's what's really, truly important.”

Live tours face a huge challenge this summer. Some artists are already changing their plans. And if global tensions continue, it could send ripple effects through the touring industry. -------- If you've ever been on tour you know that every dollar matters. Airline tickets. Petrol. Buying lunch on the road. How many t-shirts you sell. When those things get more expensive, it can tip the whole tour into the red. And it's starting to squeeze for artists already this year. --------- This week, we mapped out how geo-political tension can ripple through the music industry. Wave 1 - initial price shock • oil, energy, and agriculture price shock higher. • jet fuel price doubles. • airline tickets, petrol creep higher. Wave 2 - artist tour budget squeeze • spring and summer tours are mostly locked in, but they'll feel more expensive than budgeted once on the road. • festival fly-ins and last minute bookings are costly. • gas, petrol, van costs and per-diems are squeezed. • some small tours are cancelled or re-routed. Wave 3 - venue costs rise • energy and utility bills are more expensive to renew. • food and drink prices rise. • artists start to demand higher guarantees from venues. • fans begin to limit their discretionary spending (on tickets, travel, drinks, merch). • smaller venues get cut from the tour plans. Wave 4 - higher ticket prices and consolidation • baseline touring costs are now structurally higher. • ticket costs get hiked • more megastar artist residencies + "luxury" ticketing. • grassroots venues struggle + indie artists can't make it work. -------- Obvious disclaimer here I'm not a geopolitics expert and hopefully tensions ease soon. However, this is already impacting some artists, and it's useful to map out how this type of thing can send ripple effects through the industry.

You’re not late to the AI wave. You’re just carrying too much gear. June plugs enterprise systems, AI agents and data platforms straight in, no heavy lift. Loved digging into this at Dreamforce. Let’s keep going: #sponsored# #DF26#