Lebanon Announces Hezbollah-Israel Ceasefire, Trump Proclaims Iran 'Talks Continuing At Rapid Pace'

Trump EPA Targets Biden-Era Refrigerant Rules In Affordability Push The Trump administration plans to delay compliance with Biden-era EPA regulations targeting hydrofluorocarbons later today. These regulations apply to refrigerants used in air conditioners, refrigerators, supermarket cooling systems, refrigerated trucks, cold storage, and some industrial applications. Bloomberg reports that the EPA's 2023 Technology Transitions Rule, enacted under the American Innovation and Manufacturing Act, will be rolled back, with an estimated cost savings of more than $2.4 billion. EPA Administrator Lee Zeldin said the Biden-era rules imposed costly and unrealistic requirements that exceeded the...

Trump Cryptically References US Intercepted Chinese 'Gift' To Iran President Trump made an interesting and somewhat cryptic China reference in a series of Tuesday morning Iran-related statements, given to CNBC. He stated that US forces recently intercepted a vessel carrying what he described as a "gift" from China to Iran as Tehran seeks to rebuild its military during a ceasefire. via Flickr The ship had "a gift from China" which "wasn’t very nice," Trump told CNBC. "I was a little surprised," he said, adding that he believed he had an "understanding" with Chinese...

Trump Talk & 'Thucydides Trap' Threat Triggers Market Mayhem Overnight Traders are waking this morning in the US to some relative market mayhem and questioning what came first - the oil spike or the geopolitical angst - to trigger these moves as it appears the market finally remembered there's more going on in the world than trading 'short compute' demand to the moon... Oil prices are up significantly (WTI >$100)... Bond yields are breaking out everywhere (30Y UST 5.10%!, 30Y Gilt 5.82% - highest sine 1982)... Equity markets sharply lower overnight (Kospi -6%,...