Politics Trump aims to end US reliance on Chinese critical minerals by January 2027 Trump signed an executive order pushing defense contractors off Chinese critical minerals by January 2027. Analysts warn US supply cannot meet the deadline, keeping domestic miners and defense primes in focus.
Politics McConnell Releases New Photo, Says He's Not Yet Ready to Return to Senate Sen. Mitch McConnell’s office released a new photo and health update Monday, saying he is still not medically cleared to leave rehab and return to the Senate after a June fall.
Politics Fauci's Diary Reveals Lower COVID-19 Fatality Rate Estimate in Early 2020 Dr. Fauci's private diary from February 2020 indicates he estimated COVID-19's case fatality rate at 0.2-0.3%, contrasting with his later public statements.
Politics Mamdani Publishes NYC Property Owners' Names and Addresses for Pied-à-Terre Tax NYC Mayor Mamdani's administration published a searchable database with names and addresses of property owners potentially subject to the new pied-à-terre tax, drawing doxxing accusations and stoking concerns over the luxury real estate market.
Markets Top 34 Americans Now Hold $2.6T, Equal to 12% of U.S. National Income The richest 34 Americans now control roughly $2.6 trillion in wealth, equal to a record 12% of U.S. national income, per an FT chart from Saez and Zucman. Here is the trade angle.
Politics Trump Earned More in 2 Years of 2nd Term Than Prior 60 Years Bloomberg reports Trump has earned more in the first two years of his second term than in the prior 60 years of his life, driven by crypto tokens, licensing, and Mar-a-Lago.
Markets Morgan Stanley: Trump's Posts Don't Move Markets Like They Used To Morgan Stanley says Trump's social media posts have lost their market-moving punch, with headline risk fading for equities. JPMorgan sees the same in bonds. Focus on policy, not posts, into the midterms.
Macro Federal minimum wage hits lowest real value in 70 years The federal minimum wage, frozen at $7.25 since 2009, has hit its lowest real value in 70 years. Here is what the wage freeze and state-level hikes mean for restaurant and retail stocks.
Markets China Implements 20% Tax on Offshore Trusts China enforces a 20% tax on offshore trusts, affecting asset transfers and income, with a 90-day amnesty for compliance.
Markets CDC: Cyclospora Outbreak Tied to Taco Bell Lettuce Hits 9 States The CDC says the cyclospora outbreak tied to Taylor Farms shredded iceberg lettuce served at Taco Bell has spread to nine states, with 1,947 confirmed cases and 98 hospitalizations.
Markets New Jersey Bans Grocery Surveillance Pricing With Fair Price Protection Act New Jersey Gov. Mikie Sherrill signed the Fair Price Protection Act, banning grocery surveillance pricing, pausing electronic shelf labels, and adding consumer lawsuit rights. Grocers and delivery platforms face a growing multi-state patchwork.
Geopolitics US Army Runs Large-Scale Mobilization Exercise to Test Wartime Readiness The US Army is running MOBEX, a large-scale mobilization exercise to validate its wartime plans, recall systems, and personnel readiness as near-peer tensions rise.
Markets Donald Trump Jr.'s 1789 Capital Posts 200% Return Donald Trump Jr.'s 1789 Capital reports a 200% return, with assets under management soaring from $200 million to $3.5 billion, driven by investments in AI and defense sectors.
AI Trump to communities on data centers: ‘You can’t fight it’ Trump told communities they ‘can’t fight’ AI data centers as he expanded the voluntary Ratepayer Protection Pledge. The buildout has federal backing, but local opposition is growing bipartisan.
Geopolitics Trump Weighs ‘Massive’ New Attack on Iran, Says Decision Is Close Trump told Israel’s Channel 12 he is considering a massive new attack on Iran, bigger than Operation Epic Fury, and is close to a decision. Brent crude has already pushed past $100.
Geopolitics Trump: US Will Hold Iran Responsible for Any Further Houthi Attacks Trump said the US will hold Iran responsible for any further Houthi attacks on Red Sea shipping after two Saudi oil tankers were hit, raising the stakes for oil and defense trades.
Politics Senate's CLARITY Act Proposes Ban on Federal Officials Issuing Digital Assets The Senate's CLARITY Act introduces a ban on federal officials, including the President, from issuing or sponsoring digital assets, aiming to prevent conflicts of interest.
Macro Nearly 10 Million Americans Over 50 Are Still Carrying Student Debt About 9.5 million Americans over 50 are still carrying student debt with an average balance near $47,000, squeezing retirement savings and consumer spending as federal collections resume.
Politics US Pauses $1B in Medicaid Payments to California and Minnesota HHS is deferring over $1B in Medicaid payments to California and Minnesota pending fraud review, adding to prior freezes. Managed care names with Medicaid exposure are in focus.
Geopolitics Nicaragua's Ortega says country will no longer hold elections Daniel Ortega says Nicaragua will no longer hold elections, cementing his rule with wife Rosario Murillo and drawing sharp condemnation from Washington. Sanctions pressure and LatAm risk premiums are back in focus.
Tech France Bans Social Media for Kids Under 15 in EU First France just became the first EU country to ban social media for children under 15, with enforcement by regulator Arcom. The move raises fresh regulatory risk for META, SNAP, PINS, GOOGL, and TikTok.
Markets Bessent: Government Stakes in Companies Meant to Create Market Signals Treasury Secretary Scott Bessent says US equity stakes in Intel, MP Materials and Trilogy Metals are designed to send market signals and back strategic industries against China, with more sectors potentially in scope.
Politics NYC Mayor Considers Arresting Netanyahu During UN Visit NYC Mayor Zohran Mamdani is exploring the legal feasibility of arresting Israeli Prime Minister Benjamin Netanyahu during his upcoming visit for the UN General Assembly.
Markets Trump: US Will Apply to Host Next Available World Cup ‘Immediately’ Trump says the US will “immediately” apply to host the next available World Cup after the 2026 co-host run. FIFA rotation rules point to 2038 as the earliest realistic window.
Politics JD and Usha Vance Welcome Baby Boy, First VP Child in Over 150 Years Vice President JD Vance and wife Usha announce birth of son Alec Neel Vance, the first child born to a sitting U.S. vice president in over 150 years.
