China Preps For War: Spy Balloon Belies Much Larger Economic Warning Signs

$25 Billion: Hegseth Accused Of Lowballing Cost Of Iran War Pentagon chief Pete Hegseth has been in a very public spat and back-and-forth with Congressional Democrats over the Trump administration's $1.5 trillion Pentagon budget request, as well as over Iran war strategy and mounting costs. Hegseth has turned to some classic wartime fearmongering: "What is it worth to ensure that Iran never gets a nuclear weapon?" - he posed to members of Congress when pressed in a hearing. Hegseth called the "reckless, feckless, and defeatist words of congressional Democrats" the United States' greatest...

Futures Drop As Oil, Yields Rise On Relentless War Headline Ping-Pong Futures are lower but well off session lows, as overnight headlines induced another bout of aggressive choppiness: those headlines include strikes on Iranian gas facilities, Saudi and UAE considering entering the war, Iranian lawmaker ruling out US negotiations, and then reports of Iran / Egypt discussions on the region pointing toward mediation.As of 8:00am ET, S&P futures were down 0.2%, but moves are staggered jittery and extremely illiquid, and swung earlier between gains and losses. Nasdaq futures are down...