The Plumbing For Vast Defense Spending Needs To Be Set Up

Futures Jump, Oil Tumbles As Well-Timed Comments Spark Latest Round Of Hormuz Optimism US equity futures were trading near session lows with bond yields at August highs of 4.74% and Brent rising above $90 for the first time in two weeks when - with just hours until the market open - we had the now standard double-whammy of well-timed "imminent deal optimism" thanks first to the Qatar foreign ministry, followed less than an hour later by comments from the Pakistan defense minister - a man repeatedly used by the Trump...

Trump Admin Announces Criminal Charges Against Former Cuba President Raul Castro Update (1300ET): As we wrote earlier in anticipation, the US sought to unseal an indictment against former Cuban President Raúl Castro, sharply escalating a standoff with Havana as the Trump administration attempts to force change on the island after nearly seven decades of communist rule. The charges are related to the shooting of two humanitarian planes in 1996. The Department of Justice asked to unseal the indictment against Castro and five other people in a filing in federal court in Florida on...

After an exchange of missile fire, President Donald Trump claimed Israel and Iran were now moving towards peace.  “Both sides, Israel and Iran, are looking to do an immediate CEASEFIRE!” the President wrote on Truth Social Monday. “Final negotiations on “Peace” are proceeding, subject to ignorance or stupidity getting in its way.” Trump’s assertion that […]