McConnell Watch: CNN Duped Into Running Fake X Post Mocking Its Own Analyst

Third Round of US Strikes Hits 140 Targets After Hormuz Ship Attack; Iran Retaliates On Kuwait, Jordan Bases Update 1210ET.  The escalation cycle intensified overnight and into early Sunday as the US conducted its third round of strikes this week, while Iran enforced its declared closure of the Strait of Hormuz and launched retaliatory attacks across multiple Gulf states. CENTCOM confirmed strikes began around 7:15 p.m. ET Saturday night, hitting approximately 140 Iranian military targets. These focused on degrading IRGC capabilities to threaten commercial shipping, including radars, missile/drone sites, launch systems, and...

US New Home Sales Tumbled In April As Prices Soared With Case-Shiller reporting existing home price declines in half of America's largest cities, and after two straight months of rip-roaring demand, NAR reports that New Home Sales in April tumbled 6.2% MoM (almost twice as bad as the 3.2% MoM decline expected). March's 7.4% MoM spike was revised down bigly to just +3.4%, all of which left new home sales down  Source: Bloomberg Overall, new home sales have really gone nowhere for four years... It seems lower mortgage rates did nothing to help new...