Ana Chacon

In house sales at Fortune International Group. Luxury Pre-Construction Sales

[Elon Musk @elonmusk]

Recycling is pointless

[Collin Rugg @CollinRugg]

NYT reporter Lulu Garcia-Navarro sits in silence as JD Vance educates her on the labor force participation rate relating to illegal immigration.

Garcia-Navarro tried arguing that illegal immigrants can't be deported because America needs them for jobs.

She pointed to the unemployment rate to back up her claim but was immediately shot down by Vance.

"The unemployment rate does not count labor force participation dropouts."

"This is one of the really deranged things that I think illegal immigration does to our society, is it gets us in a mindset of saying, 'we can only build houses with illegal immigrants.'"

"We have 7 million men, not even women, just men who have completely dropped out of the labor force."

"Sometimes people who may be struggling with addiction or trauma, need to get reengaged in American society."

"We cannot have an entire American business community that is giving up on American workers and then importing millions of illegal laborers. That is what we have thanks to Kamala Harris' border policies. I think it's one of the biggest drivers of inequality."

"It's one of the biggest reasons why we have millions of people who've dropped out of the labor force. Why try to reengage an American citizen in a good job if you can just import somebody from Central America who's gonna work under the table for poverty wages?"

"It is a disgrace and it has led to the evisceration of the American Middle class."

[Nick Sortor @nicksortor]

There is not a SINGLE governor in the United States I’d trust more than @RonDeSantis to handle relief operations after a major hurricane like Milton.

DeSANTIS: “Let me be clear: in Florida, we run the show! FEMA’s not running the show. You are not going to see FEMA running amok in Florida. I’m the sheriff that’s in charge here!”

You’re in good hands, Florida.

Godspeed, Governor 🙏🏻

[Tim Murtaugh @TimMurtaugh]

This might be the worst television interview by a candidate in U.S. presidential history.

Bill Whitaker: “You’ve changed your positions so much that no one believes anything.”

Harris: “Well, I’m the vice president and I travel a lot.”

[Elon Musk @elonmusk]

Good question … why is funding for other countries being prioritized over Americans in dire need?

[CNN en Español @CNNEE]

El Aeropuerto Internacional de Tampa detendrá operaciones a las 9 a.m. del martes mientras el huracán #Milton se aproxima.

🔗: https://t.co/oz4NWfTPI0

[Elon Musk @elonmusk]

Since the Hurricane Helene disaster, SpaceX has sent as many Starlink terminals as possible to help areas in need.

Earlier today, @realDonaldTrump alerted me to additional people who need Starlink Internet in North Carolina. We are sending them terminals right away.

[Ana Chacon @AnaChacon_Ana]

https://t.co/pD22Qe8XGs #WorldRedEye

[The Kobeissi Letter @KobeissiLetter]

Meanwhile, mortgage demand is currently at its lowest level since 1995.

Homebuyers continue to await lower rates, even as mortgages fell to 6.5% this week.

2025 will be interesting for the housing market.

Follow us @KobeissiLetter for real time analysis as this develops.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Lumber prices have declined to their lowest level since the 2020 pandemic, down 80% in 2 years.

Lumber is a leading indicator for the US housing market, global economic conditions, and inflation.

The rapid drop in lumber prices suggests that the US residential construction and home-improvement markets are sharply slowing.

This has been reflected in new home construction data which plummeted in June toward a 4 year low.

Additionally, single-family housing starts declined for their 4th consecutive month in June to a 1 year low.

The housing boom is slowing.

[The Guardian @guardian]

Stock markets bounce back from rout in ‘turbocharged turnaround Tuesday’ – business live https://t.co/liUKW2I3W2

[Mario Nawfal @MarioNawfal]

🇺🇸OPENAI FACES CLASS ACTION LAWSUIT FROM YOUTUBE CREATOR

David Millette alleges they trained their AI models using millions of YouTube video transcripts without notifying or compensating the creators.

Filed in the U.S. District Court for the Northern District of California, the complaint seeks over $5 million in damages.

Millette's attorneys argue that OpenAI violated copyright laws and YouTube's terms of service.

Source: Tech Crunch

[Mario Nawfal @MarioNawfal]

🚨🇺🇸 LOCKHEED MARTIN SHARES HIT ALL-TIME HIGH AMID GEOPOLITICAL TURMOIL

Lockheed Martin shares surged to a record $560 before settling at $548 during Friday trading.

The stock has risen from $474 on July 22 to over $548 on August 01-02, driven by strong Q2 financial results and increased defense spending.

Lockheed shares have been climbing since Hamas's attack on Israel on October 7, 2023.

JP Morgan's Seth Seifman notes that the "dangerous world" is boosting defense stocks.

Source: SputnikInt

[Mario Nawfal @MarioNawfal]

🇯🇵 Why Japan and Crypto Markets Are So Tied?

Well... it all started with the Central Bank of Japan.

Bank of Japan’s rate hike has strengthened the yen, sparking a global unwinding of carry trades.

Carry trades involve borrowing in low-yielding currencies like the yen to invest in higher-yielding assets, including cryptocurrencies.

The stronger yen has led investors to sell off these assets, causing a significant drop in crypto prices.

This shift is exacerbated by Japan’s high debt levels, raising concerns about global financial stability and triggering broader market volatility.

Sources: CoinDesk, AMBCrypto, EBC Financial Group

[Reuters World @ReutersWorld]

Barred boxing federation says Khelif failed chromosome test https://t.co/PjUYHDlz5J

[ABC News @ABC]

A worldwide selloff jolted markets on Monday in the aftermath of a weaker-than-expected U.S. jobs report that elicited fear of an economic recession. https://t.co/uYl8OozPMY

[𝕊𝕡𝕣𝕚𝕟𝕥𝕖𝕣 𝕻𝕣𝕖𝕤𝕤 @SprinterPress]

A senior Saudi official: We have clearly stated that we will not allow Iranian missiles to pass through Saudi airspace and we will intercept them if necessary.

[Good Evening Crypto @AbsGEC]

🚨 BREAKING: 🇺🇸 FED TO CALL EMERGENCY MEETING TODAY REGARDING INTEREST RATES AFTER JAPAN 🇯🇵 STOCK MARKET COLLAPSE!!

💥 EMERGENCY RATE CUTS COMING!💥

[GURGAVIN @gurgavin]

BREAKING: THERE IS NOW A 60% CHANCE OF AN EMERGENCY RATE CUTE FROM THE FED THIS WEEK ACCORDING TO THE MARKET PER BLOOMBERG