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- Jay Leno's Classic Car Bill 🚗
Jay Leno's Classic Car Bill 🚗
Ryan Serkes
March 06, 2025
The
Daily Trade
Hey Daily Traders,
California's classic car enthusiasts have a reason to cheer as Jay Leno and Senator Shannon Grove push for Senate Bill 712, aiming to exempt cars over 35 years old from smog tests. This move, supported by the Specialty Equipment Market Association, could bolster California's $52 billion aftermarket industry and preserve its automotive heritage.
NVIDIA's GTC 2025 in San Jose promises to be a landmark event, with a focus on AI and quantum computing. CEO Jensen Huang's keynote will explore AI's transformative impact across industries, while the inaugural Quantum Day highlights NVIDIA's commitment to leading the next wave of technological innovation.
Here's what's happening today:
- 🚗 Jay Leno backs bill for classic cars.
- 🌐 NVIDIA's GTC 2025 to showcase AI breakthroughs.
- 💰 TSMC plans $100B chip investment in the US.
- 📈 USDA employees regain jobs after illegal firings.
- 🔧 Trump's tariffs impact Michigan's auto industry.
Question
Do you believe Senate Bill 712, which exempts classic cars from smog tests, will effectively preserve California's automotive culture without harming environmental standards?
Reply to this email with your answer
Stock Market  California State Senator Shannon Grove and television personality Jay Leno are advocating for Senate Bill 712, which aims to remove smog test requirements for classic cars over 35 years old. Leno, a classic car enthusiast, supports the bill to preserve California's rich automotive culture and the $52 billion aftermarket industry. Current regulations require vehicles built after 1975 to undergo smog checks, which can be challenging due to outdated equipment. The bill, backed by the Specialty Equipment Market Association (SEMA), seeks to update these laws, benefiting car collectors and businesses. The bill's first hearing is set for April. Key Takeaway
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Stock Market NVIDIA's GTC 2025 conference will take place in San Jose, California, from March 17-21, focusing on AI and accelerated computing technologies. CEO Jensen Huang will deliver a keynote on AI's transformative impact, with sessions covering various industries, from healthcare to autonomous vehicles. The conference will also feature NVIDIA's first Quantum Day, bringing together leaders in quantum computing. Attendees can participate in workshops, demos, and networking opportunities, highlighting NVIDIA's role in driving the next industrial revolution. Key Takeaway
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Crypto Taiwan Semiconductor Manufacturing Co. (TSMC) plans to invest $100 billion in the United States, expanding its chip manufacturing facilities in Arizona. This investment, announced by President Trump, is in addition to the $65 billion previously committed by TSMC, aiming to bolster US semiconductor production. The expansion includes three new manufacturing plants and two packaging facilities, creating thousands of high-paying jobs. This move aligns with the US's efforts to secure semiconductor supply chains and reduce reliance on foreign production, especially amid tensions with China. Key Takeaway
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Stock Market  Over 5,000 USDA employees who were unlawfully fired by the Trump administration have been reinstated by the Merit Systems Protection Board. This decision follows a previous ruling reinstating six employees, highlighting the illegality of mass firings under the Trump-Vance administration. The board's decision temporarily restores jobs until April 2025, pending further investigation. This ruling emphasizes the importance of protecting non-partisan civil service from political abuses and ensuring fairness in federal employment practices. Key Takeaway
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Stock Market  President Trump's tariffs on Mexican and Canadian imports have sparked concerns among Michigan's 'Big Three' automakers: General Motors, Ford, and Stellantis. Despite Trump's claims of industry excitement, these companies oppose the tariffs, fearing increased production costs and reduced competitiveness. The American Automotive Policy Council argues that tariffs undermine the industry's investments in meeting trade agreement requirements. Experts warn that these tariffs could lead to job losses in Michigan's auto sector, as foreign competitors gain an advantage in the US market. Key Takeaway
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Today's Technical Analysis
RSI Buy | MFI Buy | WillR Buy | AO Buy |
CCI Buy | BBANDS Buy | ULTOSC Buy | STOCH Hold |
RSI Buy | MFI Buy | WillR Buy | AO Hold |
CCI Buy | BBANDS Buy | ULTOSC Buy | STOCH Buy |
RSI Buy | MFI Buy | WillR Buy | AO Buy |
CCI Buy | BBANDS Hold | ULTOSC Buy | STOCH Buy |
RSI Buy | MFI Buy | WillR Buy | AO Buy |
CCI Buy | BBANDS Hold | ULTOSC Buy | STOCH Buy |
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Technical Indicator Information
Relative Strength Index (RSI) | Period: 14 days | Overvalued threshold: 70 | Undervalued threshold: 30
Money Flow Index (MFI) | Period: 14 days | Overvalued threshold: 80 | Undervalued threshold: 20
Williams Percent Range (WillR) | Period: 14 days | Overvalued threshold: -20 | Undervalued threshold: -80
Aroon Oscillator (AO) | Period: 14 days | Overvalued threshold: 75 | Undervalued threshold: -75
Moving Average Convergence/Divergence (MACD) | Period: 26/12/9 days | Overvalued threshold: MACD crosses below MACD Signal | Undervalued threshold: MACD crosses above MACD Signal
Stochastic Oscillator (STOCH) | Period: 14/3/3 days | Overvalued threshold: %K crosses below %D above 80 | Undervalued threshold: %K crosses above %D below 20
Commodity Channel Index (CCI) | Period: 20 days | Overvalued threshold: 100 | Undervalued threshold: -100
Bollinger Bands (BBANDS) | Period: 20 days | Overvalued threshold: price >= upper band | Undervalued threshold: price <= lower band
Parabolic Stop and Reverse (SAR) | Period: variable 50 - 100 days | Overvalued threshold: SAR crosses above price | Undervalued threshold: SAR crosses below price
Triple Exponential Average (TRIX) | Period: 15 days | Overvalued threshold: TRIX crosses below 0 | Undervalued threshold: TRIX crosses above 0
Ultimate Oscillator (ULTOSC) | Period: 28/14/7 days | Overvalued threshold: 70 | Undervalued threshold: 30
Directional Movement Index (DMI) | Period: 14 days | Overvalued threshold: PlusDI crosses below MinusDI | Undervalued threshold: PlusDI crosses above MinusDI
Average Directional Index (ADX) | Period: variable 14 days | Requirement: >= 25
Analysis is only performed on securities with market caps in excess of $100 million and with daily trade volume in excess of $50 million.
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