Macro US CPI Cools to 3.5% in June, Below 3.8% Forecast June US CPI printed 3.5% YoY, below the 3.8% forecast and down from 4.2%. Falling energy costs led the drop while core inflation eased to 2.6%, reopening the rate-cut debate.
Real Estate 1 in 3 Adults Under 35 Lives with Parents, Impacting Housing Market A significant portion of adults under 35 are living with their parents, affecting housing demand and the real estate market.
Markets Stocks and the economy are out of sync, and AI is the reason Stocks are up nearly 10% in the first half of 2026 while GDP growth trends near 2%. Economists say AI is the reason the market and economy look out of sync, and a wobble in AI names could hit the real economy through the wealth effect.
Geopolitics Trump Notifies Congress of Resumed War With Iran, Oil Surges Trump formally notified Congress that US military action against Iran resumed on July 7, restarting the War Powers clock. A reinstated Strait of Hormuz blockade sent Brent up nearly 10% in a single session.
Politics Trump Administration Launches Campaign to ‘Dismantle’ the ICC The Trump administration is launching a whole-of-government campaign to dismantle the International Criminal Court, with Rubio pressuring allies to withdraw support and threatening cuts to US assistance.
Politics Judge Voids Trump’s $1.8B IRS Settlement, Refers Lawyers for Discipline A federal judge voided Trump’s settlement with the IRS that granted sweeping tax protections and set up a nearly $1.8B fund, referring lawyers for discipline.
Markets Ohio Named CNBC’s Top State for Business in 2026 Ohio is CNBC’s No. 1 State for Business in 2026, its first top finish since the study began in 2007, edging North Carolina as infrastructure becomes the highest-weighted category.
Markets US Housing Hits Record Unaffordability, Per CBS Report Per CBS, US home affordability is at a historic low. Median existing home prices hit $440,660, with buyers needing $117K+ in income and over 75% of listings out of reach.
AI Musk: AI and Robots Will Bring Universal High Income, Work Optional Elon Musk says AI and robots will make work optional and deliver universal high income. Michael Burry replied ‘False. There will be revolution first.’ Here is the trade angle.
Macro US entry-level job market weakest in 37 years as new-entrant unemployment hits 13.3% The share of unemployed Americans who are new workforce entrants hit a 37-year high at 13.3% in 2025, with finance and info services bleeding jobs and AI closing the door on entry-level white-collar work.
Politics Pentagon Runs Low on Cash Despite Nearly $1T Budget The Pentagon is running out of cash despite a nearly $1T budget, asking Congress for $67B more as Iran war costs mount and munitions stockpiles run low.
Geopolitics Trump declares Iran ceasefire ‘OVER’ after strikes in Strait of Hormuz Trump says the US ceasefire with Iran is ‘OVER’ after fresh strikes tied to attacks in the Strait of Hormuz, though talks will continue. Oil is up on the week and tanker traffic has slowed.
Macro Fed Taps Xbox CEO Asha Sharma for Jobs Task Force Days After 3,200 Layoffs The Fed named Xbox CEO Asha Sharma to co-lead its Productivity and Jobs task force just three days after she announced 3,200 layoffs at Microsoft’s gaming division.
Politics Ken Griffin Says He'd Back Rubio Over Vance in 2028 GOP Primary Citadel's Ken Griffin told a Sun Valley audience he'd back Marco Rubio over JD Vance in a 2028 GOP primary, per Axios, highlighting a growing donor split inside the Republican Party.
Politics California Approves Two New Taxes: Health Premiums and Software Downloads California’s new budget introduces two new taxes for 2027 — a managed care organization levy that will raise health premiums and an expanded sales tax on downloaded software like Adobe, Slack, and TurboTax.
Markets Americans' Confidence in Capitalism and Democracy Declines Sharply Recent surveys indicate a significant drop in Americans' trust in capitalism and democracy, with potential implications for market stability and investor sentiment.
Macro Nearly Half of U.S. Adults Under 30 Now Live With a Parent: Fed A Federal Reserve survey shows 49% of U.S. adults under 30 lived with a parent last year, up 12 points from 2019. Housing costs, rents, and AI-driven entry-level job cuts are delaying household formation.
Geopolitics US Strikes Iran Railway Bridge Linking to China and Russia US cruise missiles struck the Aq Taqeh Khan railway bridge in northern Iran, damaging a key overland trade corridor to China and Russia as Hormuz shipping traffic collapses.
Politics Pentagon Running Out of Cash Despite Nearly $1 Trillion Budget The Pentagon is running low on cash despite a near-trillion-dollar budget, with officials asking Congress for $67B more as Iran war costs climb past $130B. Training canceled, jets parked.
Markets Cyclospora Outbreak Tops 1,000 Cases in the US, Dozens Hospitalized A cyclospora outbreak has topped 1,000 US cases with dozens hospitalized. Michigan is the epicenter, and no common food source has been identified yet.
Politics Trump: ‘I would be the greatest communist in history, right up there with Lenin’ Trump told an Epoch Times reporter he would be the greatest communist in history, right up there with Lenin, while calling communism a disaster. Here is the trader angle.
Geopolitics Trump: We can knock down every bridge, power plant in Iran Trump says the US could knock down every bridge and every power plant in Iran in a day if Tehran walks from a deal. Crude, defense names, and shipping back in play.
Geopolitics Trump Says Iran Has Been Defeated as Strikes Resume Trump has declared Iran defeated even as U.S. and Iranian forces trade fresh strikes and the ceasefire wobbles. Energy, defense, and shipping names remain in focus.
AI AI Costs More Than the Workers It Replaced, Forbes Reports Forbes says AI compute now costs companies more than the workers it replaced. Uber burned its 2026 AI budget in four months, and Nvidia execs admit compute exceeds payroll — even as Big Tech capex hits $740B.
Macro Mark Cuban Rips Trickle-Down Economics: ‘It Is A Joke’ Mark Cuban says trickle-down economics is a joke and pitches ‘trickle up’ instead, backing a $20 federal minimum wage and broader asset ownership for workers.
