Tech Cities Are Dumping Flock Safety Contracts at a Record Pace in August Flock Safety is losing city contracts at a record pace, with 90 jurisdictions cancelling in August alone. Here are the tickers and themes traders should be watching.
Tech Google Maps Renames Lake Ontario to ‘Lake America’ for U.S. Users Google Maps has renamed Lake Ontario to ‘Lake America’ for U.S. users following Trump’s executive order, amid a widening tariff fight with Canada. Apple Maps has not followed suit.
Banks Judge Approves Bank of America's $72.5M Epstein Victims Settlement A federal judge approved Bank of America's $72.5 million settlement with Jeffrey Epstein's victims, making BAC the third major bank to publicly settle after JPMorgan and Deutsche Bank.
Politics Sanders to Introduce Bill Banning Flock Surveillance Cameras Senator Bernie Sanders announced plans to introduce legislation banning Flock Safety's AI-powered license plate reader cameras. The move targets the $8.4 billion private surveillance company amid growing privacy concerns over mass data collection.
Markets BofA's Hartnett: Stocks Face 10%+ Drop if Democrats Take Senate Bank of America's Michael Hartnett warns that U.S. stocks could fall over 10% if Democrats take control of the Senate in the upcoming November midterm elections. This forecast is based on potential impacts to financial deregulation and AI capital expenditure policies, challenging the market's…
Geopolitics Trump’s Iran war drives US Navy into cash crunch, payroll raided The US Navy is transferring money from payroll and other accounts to cover the cost of combat operations against Iran, per a Pentagon memo, as the war’s tab tops $35.7 billion.
Politics Trump Officials Push NPS to Hand Yosemite Strip to Private Developer Trump officials are pressuring the National Park Service to cede a quarter-mile strip of Yosemite to Kingsbarn Realty Capital, a deal rejected under three previous administrations.
Politics Florida Grand Jury Finds DeSantis Admin Misappropriated $10M in Taxpayer Funds A Florida grand jury found that Governor Ron DeSantis’ administration “misappropriated” $10 million in taxpayer money, diverting it from a Medicaid settlement to a charity linked to his wife, which then funneled the funds to political action committees. No criminal charges were filed due to a lack…
Macro US Corporate Profits Hit Record as Worker Share Sinks to 1950s Low US corporate profits hit an annualized $4.8T in Q2, 18% of national income and the highest share since WWII, while the worker share of wages and benefits fell to 60%, the lowest since the 1950s.
AI China Secretly Fueling US Data Center Backlash, Per Axios Axios reports X has flagged roughly 200 accounts from a suspected Chinese bot farm pushing opposition to US AI data centers, adding political risk to the AI capex trade.
Markets Mark Cuban: Companies Must Share Wealth or Pay Higher Taxes Billionaire Mark Cuban proposes a new tax policy: companies must offer equity to all employees or face higher corporate taxes. This aims to combat wealth inequality by aligning employee and founder interests, potentially impacting corporate compensation strategies and market valuations.
Tech Trump Weighs New Sweeping Tariffs on Semiconductors, Report Says The Trump administration is reportedly weighing a new round of sweeping tariffs on semiconductors, with the plan possibly extending to laptops, servers and gaming consoles that contain foreign chips.
Politics Newsom Says He ‘Didn’t Even Know’ About 5,000-Bottle Wine Cellar at $7.5M Home Gavin Newsom says he was unaware of the 5,000-bottle wine cellar at his $7.5M Sacramento-area mansion, now listed for sale as he preps an expected 2028 White House run.
Macro Grocery Anxiety Jumps: 41% of Americans Worried About Food Costs AP-NORC polling shows 41% of Americans are worried about affording groceries in the coming months, up from 24% in April. Trade-down and BNPL trends put WMT, KR, COST, DG, and AFRM in focus.
Macro Wages Fall to 43% of U.S. Gross Domestic Income, Lowest Since 1929 U.S. wages and salaries fell to roughly 43% of gross domestic income in Q1 2026, the lowest labor share since 1929. Structural forces — automation, globalization, and capital-light tech — keep pushing the split toward capital.
Politics White House Renames Lake Ontario to ‘Lake America’ Amid Canada Trade Tensions The White House has officially renamed Lake Ontario to “Lake America” via executive order, escalating trade tensions with Canada. This move follows a similar renaming of the Gulf of Mexico and comes amidst new tariffs, impacting U.S.-Canada relations and potentially affecting various market sectors.
Politics Florida Becomes First State to Block Welfare Cash on Tattoos, Vapes, Theme Parks Florida is the first state to bar TANF cash-assistance spending on tattoos, theme park tickets, video games, vapes and other non-essential items, with the Trump administration urging other states to adopt the same framework.
Politics U.S. to Revoke Up to 200,000 Business and Tourism Visas in Largest Purge Ever The State Department is preparing to revoke up to 200,000 business and tourism visas tied to asylum seekers, in what AP calls the largest mass visa revocation in U.S. history.
Macro Canada Braces for Long Trade War, Sees No US Talks Before Midterms Canada sees little chance of resuming trade talks with the US before the midterms and is preparing domestic aid to ride out Trump’s term after negotiations collapsed.
Politics Trump Administration Pauses All US Immigrant Visa Applications Worldwide The Trump administration has paused all US immigrant visa applications worldwide, citing consular officer retraining and tighter public charge screening. Interviews have been postponed globally.
Macro Treasury may tap $1T cash account to fund bond buybacks: CNBC The Treasury is weighing whether to tap its roughly $1 trillion General Account to fund expanded bond buybacks, per CNBC, with 10- and 30-year yields easing on the report.
Macro Canada to Match US Tariffs Dollar-for-Dollar as Talks Collapse Canada will match Trump's new 50% tariffs on $20B of Canadian goods dollar-for-dollar starting Sept. 8, targeting US steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics.
Markets Congress Worsens US Fiscal Trajectory as Debt Surpasses $40 Trillion America's fiscal health continues to deteriorate, with national debt now over $40 trillion. Bloomberg reports that current congressional actions are exacerbating the problem, pushing the US towards an unsustainable debt path.
Macro Carney Says Canada Is ‘At War’ With US Over Trade as 50% Tariffs Hit Canadian PM Mark Carney says Canada is ‘at war’ with the US on trade after Trump slapped 50% tariffs on $20B of goods. Ottawa’s retaliation on steel, dairy and electronics hits Sept. 8.
Macro Trump on bond yields creeping back up: ‘The ultimate intervention is our military’ Asked why 30-year yields keep climbing back up despite Bessent’s buyback move, Trump said the ‘ultimate intervention is our military.’ Here is what traders should actually watch.
