PODCAST: Why This Recession is Different

'Radical' Biden Judge Reverses RFK Jr. On Trans-Child Surgeries, Other Procedures A federal judge deemed 'too radical' by GOP lawmakers during his confirmation hearings said on Thursday that he will grant a motion by blue states to vacate (reverse) a declaration by HHS Director Robert F. Kennedy Jr. blocking breast removal and other procedures for youths with gender dysphoria.  Oregon US District Judge Mustafa Kasubhai, who was appointed by Biden in late 2024 and only confirmed after Senate Democrats invoked cloture on his nomination by a 51-43 vote, said during a hearing that he would...

Dallas Fed Mfg Activity Holds Near One Year High Despite Plunge In Respondent Sentiment On Iran War The Dallas Fed Manufacturing Index continues to straddle the unchanged line, and despite a tiny dip from 0.2 in February, the highest print since July, to -0.2 in March, just below the 1.5 median estimate, the index remained near the highest level in a year and absent a modest and brief, post-Trump election spike, this remains one of the highest prints since mid-2022. Curiously, the headline index barely dropped even though most index components...

Futures Flat Ahead Of CPI, Ceasefire Negotiations US equity futures are flat, recovering from an earlier drop, and set to extend a seven-day rally, the longest since October, as investors looked to talks between the US and Iran for signs a fragile truce can hold while bracing for a big jump in today's CPI report (full preview here). As of 8:00am ET, S&P futures were up 0.1%,on track for their biggest weekly advance in almost a year. Nasdaq futures rose 0.2%, its winning streak is the longest since September,  led once...