GRO MONEY NEWS - 🚨 THE GRID JUST REPRICED AI.

AI did not suddenly stop growing. Wall Street simply remembered that data centers require electricity, debt has a cost, and revenue backlog is not the same thing as free cash flow.

⚡ Microsoft just walked away from a major Nscale data center commitment because adequate grid power may not arrive until the early 2030s. At the same time, CoreWeave lost roughly a quarter of its value last week as investors attacked the economics of its heavily leveraged infrastructure model.

📉 The Nasdaq dropped 2.1 percent Friday, the VIX jumped more than 21 percent, and Asia opened weaker Monday. But U.S. futures were rebounding Sunday night, which looks less like the death of AI and more like the beginning of actual underwriting.

🛢️ The inflation story also deserves more precision. September gasoline prices jumped 9.1 percent and accounted for more than half of the monthly CPI increase, while national diesel remains above $6 per gallon. Energy and logistics are now a material part of the inflation problem.

🏠 Housing is telling the same cost of capital story. Thirty year mortgages are around 7.4 percent, purchase applications are down 16 percent from last year, and Redfin says sellers now outnumber buyers by 62.6 percent nationally.

💰 My Monday thesis is simple: power certainty is becoming tenant certainty, and capital structure is becoming competitive advantage.

The next phase of AI infrastructure will reward projects with real power, real offtake, defensible construction economics, and capital that can survive the cycle. That is considerably healthier than financing everything with enthusiasm and hoping the grid arrives later.

Until tomorrow, be the best human you can be.
~ Teresa Grobecker

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Duration: 16m
Broadcast on: 19 Oct 2026
Audio Format: other

The grid just reprised AI. Good morning, it is Monday, October 19th, 2026, and Wall Street spent the weekend relearning a primitive fact about artificial intelligence. Electrons come before earnings. This morning's show is brought to you by Grow Group. We are actively looking to place $5 billion of equity financing in 2026 for qualified master builders in major MSA territories, with financing options for developments, data centers, solar projects, and other major infrastructure. If you have a serious project with serious economics, we want to see it. Today we have a very specific Monday setup. Technology just had a miserable week. Asia is carrying some of that pain this morning. CoreWeave is becoming a live case study in what happens when the cost of capital outruns the return on capital. Microsoft just walked away from a major end-scale data center commitment because the electrons may not arrive for years. Oil is still above $100. Housing has decisively shifted toward buyers, and the treasury market is trying to decide whether inflation is monetary, geopolitical, or both. Welcome to Monday. The market is finally pricing the capital stack. Friday was ugly. The S&P 500 fell about 1.1%, the NASDAQ lost 2.1%, and the Dallas slipped roughly one third of 1%. For the week, the NASDAQ lost about 4.5%, while semiconductor stocks were hit even harder. The VIX finished near 20 after jumping more than 21% Friday. CNN's fear and greed index was sitting in extreme fear territory over the weekend. That does not mean the AI trade is dead. It means the market has finally stopped giving every AI business the same cost of capital. That distinction matters. A hyperscaler generating billions of dollars of free cash flow is not the same credit as a neo-cloud borrowing aggressively to buy depreciating GPUs. A data center with contracted power is not the same asset as a data center with a utility promise for 2032. A 15-year lease is not a 15-year bond