Earlier in the day, a federal judge blocked the board from adding inscriptions naming Trump at the cultural venue.

"And that's exactly what the core customer is faring. But the interesting thing with this economy, because of the other sustained headwinds of inflation over the years that have passed, even that middle..." 

Oil prices surged on supply headlines with Libya's NOC announcing the suspension of operations at three oil fields, while Saudi Arabia cancelled some crude cargo oil loadings and suspended operations at the Red Sea port of Yanbu.

New York City must now respond by October 8...

IG report to Congress: Hundreds of buildings & structures at US bases destroyed...

The trade financing the AI equity bull is now helping finance the tightening cycle. Add $110 Brent, extreme bond shorts and a Fed hike—and the long end is sitting on a powder keg.

The fight over slowing AI development could have enormous political...and market...consequences.

"Voting intentions now show right-wing candidate Flávio Bolsonaro technically tied with current President Lula..." 

It will rank as one of the most power-packed speeches ever delivered on the decline of the Democratic Party...

REAR VIEW: Libya's NOC said production and operations have been suspended in 3 oil fields; Oil loadings suspended at top Saudi Red Sea port of Yanbu after previous attack on east-west pipeline; Oman’s Foreign Minister spoke by phone with the US Secretary of State to discuss regional developments; Dismal US 20yr auction; Houthi militia is digging trenches near Bab al-Mandeb and laying mines in the sea; China criticises US calls for a slowdown in AI development.

Reports in July indicated that 42% of all Canadian manufacturing companies planned to move operations to the US.  It looks like that process has started...

"Momentum leadership is changing" and "we expect this prolonged selloff in the AI complex to have lasting impact in the makeup of momentum and as this trend continues, momentum will start decoupling from AI." - Goldman

Solve energy to solve rates. Risk doesn’t work until then... the Band-Aid hike is theater. The barrel is the bond market...

Oil vol is infecting bonds. MOVE is separating from VIX. And the yen’s move isn’t just noise.

U.S. and Israeli strikes on Iran began February 28, 2026...

If Bessent has managed to get President Trump on side on the importance of yields over fed funds, then Warsh can conduct monetary policy unfettered, and perhaps keep the current market regime intact for now.

"We'll be looking at any proposal that is a viable solution..."