Macro Mike

There is absolutely no bottom.

@cnn.com
www.cnn.com/2026/03/13/p...

CBP Tapped Into the Online Advertising Ecosystem To Track Peoples’ Movements An internal DHS document obtained by 404 Media shows for the first time CBP used location data sourced from the online advertising industry to track phone locations. ICE has bought access to similar…

An internal DHS document obtained by 404 Media shows for the first time CBP used location data sourced from the online advertising industry to track phone locations. ICE has bought access to similar tools.
www.404media.co/cbp-tapped-i...

The is the federal government telling news stations to provide favorable coverage of the war or their licenses will be pulled.

A truly extraordinary moment.

We aren't on the verge of a totalitarian takeover. WE ARE IN THE MIDDLE OF IT.

Act like it.

FCC chair threatens broadcasters over Iran war coverage FCC Chair Brendan Carr said news broadcasters coverage of Iran war could impact their license renewal.

FCC Chair Brendan Carr said news broadcasters coverage of Iran war could impact their license renewal.

Started / going

(Reuters) - President Donald Trump's administration has rebuffed efforts by Middle Eastern allies to start diplomatic negotiations aimed at ending the Iran war that started two weeks ago with a massive U.S.-Israeli air assault, according to three sources familiar with the efforts.

@reuters.com

I Watched 6 Hours of DOGE Bro Testimony. Here's What They Had to Say For Themselves The hours of videos provide fascinating, or perhaps horrifying, insight into the thinking of someone inside DOGE.

In one example about a documentary concerning Black civil rights, the DOGE bro said he agreed with ChatGPT’s assessment that this was DEI because it “focused on a singular race.” After a pause, he added: “it is not for the benefit of humankind."
www.404media.co/i-watched-6-...

S&P 500 breadth is terrible... (Market Breadth measures the performance gap between the S&P 500 Index and its median stock relative to their 52-week highs.) GS

a man in a suit and tie holds an american flag in his hands ALT: a man in a suit and tie holds an american flag in his hands

Good morning!

Since Trump was re-elected, Forbes estimates—

💰His net worth is up $2 billion, to $6.3 billion

💰Eric’s is up 10x, to $400 million

💰Don Jr.’s is up 6x, to $300 million

💰19-year-old Barron is worth $150 million

And Jared became a billionaire last year.

Have a great day!

"Almost a week after his appointment as Iran's supreme leader, Mojtaba Khamenei remains in the shadows," writes CNN's Leila Gharagozlou | Analysis https://cnn.it/4bopDUK

Trump Knew the Risk of Iran Blocking the Strait of Hormuz. He Still Went to War. The president told his White House team that Tehran would likely capitulate before closing the strait, the world’s most vital shipping lane.

Before US went to war, Gen Dan Caine, chairman of Joint Chiefs, told Trump an American attack could prompt Iran to close Strait of Hormuz.
Caine said in several briefings that U.S. officials had long believed Iran would deploy mines, drones and missiles to close the world’s most vital shipping lane

Wall Street Bankers Offered Lucrative Access to Join the Pentagon

Congress gave the Pentagon north of $200B and DFC an additional $300B on top of what CHIPS, ExIM, & DOE already have.

You need to find people who can manage deal flow from somewhere. The civil service simply doesn’t have it, so you need to hire from other sources or the programs fail.

A challenge.

Americans are dying so that Kushner can make money

BOASBERG: “.. the subpoenas’ dominant (if not sole) purpose is to harass and pressure Powell ..

“.. the Government has offered no evidence whatsoever that Powell committed any crime other than displeasing the President ..”

storage.courtlistener.com/recap/gov.us...

Fitch revises Rwanda's outlook to 'stable' on easing regional security tensions Credit ​ratings agency ‌Fitch revised Rwanda's ​outlook ​to "stable" from "negative" on ⁠Friday, citing ​reduced ​uncertainty over access to external ​funding ​and improved diplomatic ‌engagement ⁠that has eased regional ​security ​tensions.

Fitch revises Rwanda's outlook to 'stable' on easing regional security tensions reut.rs/471FWWq

If US democracy was functional, this would have led to an immediate impeachment and removal from office.

Trump Memecoin Jumps on Mar-a-Lago Event Marketing the President The memecoin bearing Donald Trump’s name surged as much as 60% in the last 24 hours after its promoters advertised an exclusive gala at Mar-a-Lago featuring the president — though the White House hasn’t confirmed his attendance.

The memecoin bearing Donald Trump’s name surged as much as 60% in the last 24 hours after its promoters advertised an exclusive gala at Mar-a-Lago featuring the president — though the White House hasn’t confirmed his attendance

Live updates: US and Israel hit Iran with intense strikes as Iranian air campaign drives oil prices higher Iranian state television aired footage Friday showing thousands of people across the Islamic Republic taking part in the annual Quds Day. Quds is the Arabic name of Jerusalem.

President Trump says U.S. forces "obliterated" military targets on Iran's Kharg Island, warns oil infrastructure there could be next.

Real disposable income surged by its fastest monthly pace in three years, partly reflecting a temporary boost from lower taxes. @soberlook Augur Infinity
augurdigest.com/p/au...

See also the two men he appointed to be the Secretary of Housing and Urban Development, a brain surgeon and a former NFL player who worked in the software industry.

Neither had any experience with urban affairs but apparently looked, uh, "urban" to him for some reason

Exclusive | Trump Administration Set to Receive $10 Billion Fee for Brokering TikTok Deal Investors in the social-media platform’s U.S. business agreed to give the government several multibillion-dollar payments, sources say.

Breaking: The Trump administration will receive a $10 billion fee for brokering the deal that kept TikTok alive in the U.S. on.wsj.com/3NdA4mh

Judge quashes DOJ probe into Jerome Powell saying it was for Trump’s retribution Judge Boasberg writes that the sole purpose of the probe ’is to harass Powell to pressure him to lower rates’

Judge Boasberg blasted the Trump administration and Pirro:

"In sum, the President spent years essentially asking if no one will rid him of this troublesome Fed Chair"
www.independent.co.uk/news/world/a...

[Staring in Minneapolis] 👀

You know what we're not griping about enough? That Donald Trump's face is going to be on U.S. currency—on $1 coins—later this year. This will be the first time a living president has appeared solo on a coin, and one of the very few times a living individual has ever been on U.S. coinage.

".. My overarching theme remains: Fish Where the Fish Are for now .. and that is in Semis/Semicaps/Optical/Memory/HDDs - participants in the generational upgrade .. $NVDA, $LRCX, $COHR, $GLW, $APH, ASML, AVGO to name a few …. i think it’s way too ‘early’ to think differently."

- B of A TMT desk

B of A: “.. big banks = glue between Wall St & Main St and can’t buy cyclicals when banks breaking down ..”

$BKX $XLF

Anthropic’s Pentagon Battle Matters to Every Business The designation of the artificial-intelligence company as a supply-chain risk puts every business at the mercy of President Trump’s political priorities.

The designation of artificial-intelligence company Anthropic as a supply-chain risk puts every business at the mercy of President Trump’s political priorities, Greg Ip writes.

“.. A wave of layoffs across U.S. supply chains — from EV battery plants and auto parts factories to warehouses and rail terminals — has affected nearly 4,000 workers in recent weeks ..”

@scottlincicome.bsky.social
www.freightwaves.com/news/supply-...

Gold consolidating since the Jan record high