Brian Sullivan

Still have one unfinished book under 2017 deal with Tribeca Books but maybe this is additional money?

a canadian flag with a maple leaf on it is waving in the wind ALT: a canadian flag with a maple leaf on it is waving in the wind

Happy Canada Day from the north woods not too far from our northern friends)

To lower prices we need more housing. Build build build. In NYC too.

🧵 From UAW President Shawn Fain:

“The UAW supports aggressive tariff action to protect American manufacturing jobs as a good first step to undoing decades of anti-worker trade policy. We do not support using factory workers as pawns in a fight over immigration or drug policy.

Oil & gasoline higher but not by much. Oil was higher 2 weeks ago and gasoline futures (RBOB) back to August levels.

Keys will be:
1. length of tariffs
2. Canada's response
3. Location

Midwest drivers could see price hike soon as most Canadian imports go to refineries there

Start of Eaton Fire Focus Attention on Southern California Edison Investigators are still trying to determine what started a fire that raged through Altadena, Calif. A new video appears to show sparking on a power line near the origin of the blaze.

As we search for the cause of the deadly LA fires, an obscure 2019 California law protecting utilities by capping potential damages comes into focus

www.nytimes.com/2025/01/26/u...

From the @nytimes.com: the responses people gave when asked what they remember most about the Biden presidency

Polar vortex-related Arctic blast brings "dangerous" cold, snow to U.S. A rare southern snowstorm will take aim at parts of the Gulf Coast.

I'm watching power grids. So far, so good.

Could have record demand in Mid-Atlantic so need all of everything. Guess is ~25% coal (sad, but true)

Texas test is making sure everything keeps operating. There's enough capacity .. it just has to stay online.

www.axios.com/2025/01/19/a...

FDA bans Red No. 3, artificial coloring used in beverages, candy and other foods Evidence shows that the synthetic dye can cause cancer in lab animals.

Thought to be related to cancer for 40+ years -- and banned in cosmetics since the 1990s -- the FDA gets around to banning a food additive.

Red Dye #3 caused tumors in rats back in the 1980s.

bit.ly/40B6k6N

Breaking from the Treasury:

Budget deficit rose in December and is now 40% higher than it was a year ago

Resource --> You can look up real-time info on CA reservoir levels here:

tinyurl.com/CA-Water-Lev...

15 of 17 are at or above historical averages, including all 4 in the LA basin region (Cachuma, Castaic, Diamond Valley & Casitas).

Critical aspect is getting that water to where it needs to go.

Whether that's fire management, undergrowth control, home insurance policies, infrastructure management (hydrants, etc) or a combination of all of the above ... let's just hope all this horrible damage and devastation isn't for naught

When we find the cause of these awful L.A. area fires -- and we likely will -- it needs to effect real change.

Bond yields spiking again on inflation fears.

The last 2 times yields spiked, stocks sold off (though did come back, clearly!)

Not happening this time ... maybe because Europe in far worse shape than we are?

Zuckerberg comes in red hot. Says free expression is key as bias is destroying trust in social media and it became too political. Whacks “fact checkers,” adds more community notes, and moves some moderation teams to Texas from California.

Thoughts?

www.instagram.com/reel/DEhf2uT...

If your light and heat are working from North Carolina to Virginia to Ohio ... thank coal.

Coal + nat gas + nuclear are 88% of your power generation mix this morning.

It's not pretty and certainly not what we'd think would be the case in 2025, but that's our reality.

Will be busy cutting firewood this weekend.

Maybe CNBC needs a Miami bureau?

US LNG stocks such as $LNG and $GTLS are benefitting from the surge in exports.

Here's some of the discussion on the show today: tinyurl.com/2vjhpdpn

We will have more tomorrow (Friday) with the always outspoken CEO of $EQT on the show. 2p ET tune in.

What's clear is what we've been reporting on for nearly 4 years: American nat gas saves Europe by keeping the light and the heat on. Europe's natural gas & power prices are exponentially more than the U.S. They would be even higher without American LNG, which continues to flow into Europe every day.

Both sides are taking a financial hit and some countries in Europe are losing energy sources. No one wins. As such, it seems possible (or even plausible) that Ukraine and Russia end up striking some kind of deal to keep the gas flowing.

Or not. Time will tell.

US LNG to Europe's rescue, again!

As we discussed on Power Lunch today, Ukraine has said "nyet" to Russian gas. This ends (at least for now) a deal to move gas between Russia and parts of Europe that has been in place since 1991.

Should we do a poll to see if we need a poll option for this fine platform?

Let's have some fun on @squawkstreet.bsky.social .. tune in in 3 mins ..

A.I. is awesome but feels like laying fiber optic cable in 1996.

It will be everything eventually ... but could leave wreckage in the near term.

Yes or no?

CNBC taps Sullivan as "Power Lunch" co-anchor - Talking Biz News CNBC senior vice president Dan Colarusso sent out the following on Monday: Before this year comes to a close, I wanted to share the news that Brian Sullivan will be joining Kelly Evans as co-anchor of...

@briansully.bsky.social becomes co-anchor of @cnbc.com "Power Lunch": talkingbiznews.com/media-news/c...

Excited to join my colleagues at Power Lunch with my good friend Kelly Evans beginning Jan 2nd. @cnbc.com

Thanks for the kind words @dancolarusso.bsky.social .. true team effort to build what we have over the years.

Lots down over nearly 30 years .. more to come!

Good frosty Connecticut morning.

The biggest sell program in history hit stocks yesterday (per Jones Trading)

Fed uses the trebuchet 1/2% cut in September but 2 months later decides it needs the slingshot instead.

Amazing

Where the Fed first cut rates by a startling 1/2%

Bond yields have soared since as inflation stays pretty hot.

#outoftouch?