US Futures Drop Ahead Of Payrolls With Most Markets Closed

From Trucks To Tanks: Pentagon Looks To Automakers To Rebuild America's Arsenal With two active conflict areas in Eurasia - the Russia-Ukraine conflict in Eastern Europe and the U.S.-Iran theater in the Gulf - the world is moving deeper into a war cycle. The latest indicator is not only that militaries around the world are beginning to stockpile one-way attack drones, but also the early-stage push to convert underused civilian industrial capacity, including struggling auto production lines, into wartime manufacturing hubs. The Wall Street Journal is out with a new report...

China Buys Record Amount Of Gold As India Panics, Scraps Key Tax Relief On Precious Imports Gold is climbing notably this morning, underscoring the potential for the precious metal to ratchet higher into year-end thanks to sustained buying from central banks and retail investors.  On the retail side, the total known ETF holdings of bullion are up this week, set to match the 12-week streak of gains posted through April 18, 2025.  That means the stockpile exceeds the peak touched just before the outbreak of the Iran war. And central banks are backing...

Camp David Clash: Trump Hammered Hegseth For Misleading Him On Arms Supply, WaPo Reports Following reports that US forces have "used up virtually all" of their precision, long-range missiles in futile attempts to first trigger an Iranian regime change and then to compel Iran to open the Strait of Hormuz, now comes reporting that an angry President Trump confronted Defense Secretary Pete Hegseth in recent days, accusing the Pentagon of misleading him on critical munitions shortages that leave Trump increasingly powerless in the five-month-old fiasco of a war.  According to sources cited...