US officials warn that Chinese firms conducting covert, industrial-scale AI distillation could face sanctions and export restrictions...

Black Sea conflict was "the straw that broke the camel's back."

 

...and continuous jobless claims tumbled too...

The ECB reiterated it won’t pre-commit but act one meeting at a time based on information as it arrives.

“Before this year ends, Grok Imagine will make a full-length movie of ‘The Odyssey’ that is historically accurate and true to the art of Homer,”

...dominant macro driver overnight is a Houthi escalation in the Red Sea (two Saudi tankers struck), pushing WTI above $90, and driving yields higher. GOOGL earnings underwhelmed with Mag7 lower but Semis higher...

"NESN's turnaround is a work in progress, and expectations were too elevated..." 

"We remain of the view that oil prices could potentially take out the Russia/Ukraine oil price highs of $128/bbl in 2022 or even the 2008 peak of ..."

The Manchester playbook...

So far Trump has downplayed the new blockade, claiming it hasn’t started yet...

Asset managers' VIX futures positioning has fallen to the 1st percentile.

US Secretary of State Rubio said Iran was intending to double missile stockpile and that it looks like Iran is not ready to make a deal. He added that the price on Iran will get higher every night until they come to their senses but that Iran is begging to reach a deal.

Massive warehouse fires in southern Russia...

Everyone Saw The Oil Rally. Few Are Positioned For The Spillover. The biggest opportunity isn't in crude itself. It's in the growing disconnect between oil and equity volatility.

UK Government goes to court to block migrant crime-rates from public view...

Muslims have learned to feign support for progressive ideology to gain entry into the west, but in Islamic countries, lefty lifestyles are not welcome...  

Government control in the name of sovereignty...