At the White House, Vice President JD Vance tried to lift the CFP Championship Trophy, and it broke apart in his hands. A perfect metaphor for the Trump administration.
NEW: Jim Cramer warns of a 1987 "Black Monday" style stock market crash on Monday, says he is about to be super mad.
"Black Monday" was a global stock market crash where the Dow Jones tanked almost 23% in a single day.
"If the president doesn't try to reach out and reward these countries and companies that play by the rules then the 1987 scenario..."
"The one where we went down three days and then down 22% on Monday, has the most cogency."
"I will contain my anger... and if Europe moves against our fabulous tech companies next week, then I will be furious."
PORTNOY: “I’m down $7 Million today… Trump has put his tariffs all over the place… I’ve been trying to understand them - I don’t. And everything is in the shitter because of it.”
Significant progress in AI and Robotics this week.
So, I summarized everything from Nvidia, Anthropic, OpenAI, Baidu, xAI, Mistral, Roblox, Google, Boston Dynamics and more.
Here's everything you need to know and how to make sense out of it:
Ronald Reagan: “Our peaceful trading partners are not our enemies; they are our allies.
We should beware of the demagogues who are ready to declare a trade war against our friends—weakening our economy, our national security, and the entire free world—all while cynically waving the American flag.”