FBI has warned police departments in California that Iran wants to retaliate for American attacks by launching offensive drones against the West Coast - ABC News
US intelligence assets have begun to see indications Iran is taking steps to deploy mines in the Strait of Hormuz shipping lane - CBS News
Trump mulls taking over the Strait of Hormuz - CBS
Trump: war could be over soon - CBS
Trump: US very far ahead of 4-5 week time frame - CBS
Wonder what happened
Worst aging tweet in history.
Any close above $88.30 (it’s at $88.45) in crude oil today would make it the largest weekly increase since at least 1985.
Trump: I rate the war at a 12 or 15 out of 10
Trump: Cuba will fall 'pretty soon'
Trump: I see gasoline prices going down "very quickly" - CNN
#Oil prices have surged, w/Brent climbing >$89/bbl and WTI rising past $86 for the first time since Apr 2024, after Qatar warned of prolonged disruptions to energy supplies.
Iran hasn't closed the Strait of Hormuz, a military official says - TV
Global flight cancelations to the Middle East exceed 23,000 since February 28th, with airline disruption costs nearing $1 billion.
Western Official estimates Iran likely has just days of missile strikes left - WSJ.
Oman: We're getting report of a cargo ship coming under fire.
Iran denies intelligence ministry reached out to CIA for talks.
Iran's semi-official Tasnim cites ministry source in a NYT report.
Brent crude #oil +18.1% over the past 5 days ... biggest jump since March 2022
Trump orders ALL Federal agencies in the US Government to immediately stop using Anthropic's technology.
US National Debt as % of GDP...
1975: 33%
1985: 40%
1995: 65%
2005: 61%
2015: 101%
2025: 122%
Fed's Waller: Citrini report on AI overstates the risk to jobs.
The Fwd P/E of the Tech sector is now at PAR with Consumer Staples.
In other words, the market is now valuing Tech at the same multiple as boring/slow growth Staples companies.
That has only happened 3 times in the last 7 years: COVID, the 2022 Bear Market, and Liberation Day.
With the imposition of tariffs, Pres. Trump promised a "manufacturing boom".
WRONG.
The Joint Economic Committee of the US Congress reports that 108,000 jobs have been lost in manufacturing in Trump's first year in 2025.
At its 2021 peak, Adobe was trading at over 22x sales, the highest valuation in its history.
After a 64% drawdown, it now trades at 4.4x sales, which is less than half of its historical average valuation (8.9x).
Adobe is down over 64% from its peak, the biggest drawdown in the stock since March 2009.
The S&P 500 fell 1% today, its 4th daily decline so far this year with a loss above 1%. Expect to see many more days like today throughout 2026 - the average year since 1928 has 29 large declines. This is the price of admission.
Trump: General Caine thinks war with Iran can be easily won - Truth Social.
US House Speaker Johnson: Congress is unlikely to codify Trump's tariffs - Politico
IBM stock, $IBM, falls over -10% after Anthropic announces that Claude can streamline COBOL code.
Trump reiterates: I do not have to go back to Congress to get approval of tariffs - Truth Social.
Trump: Any nation that wants to play games with the Supreme Court decision will be met with a much higher tariff, and worse - Truth Social
Trump on tariffs: US Supreme Court ‘accidentally and unwittingly’ gave the president 'far more powers and strength’ than before
Trump on tariffs: Other tariffs can all be used in a much more powerful and obnoxious way.
The EU is set to freeze US trade deal approval over Trump tariff risk
