Matt Brown

Quality control.

[StockMarket.News @_Investinq]

🚨 BLS to slash 550k–950k jobs in its September revision.

It would be the largest annual cut in 15 years.

It’s a correction big enough to rewrite the story of U.S. job growth.

[JustDario @DarioCpx]

Someone just borrowed 200m$ liquidity from the FED Standing Repo BEFORE market open 👀 🚨

Today isn’t month end or a particular calendar day - In case you needed any more warning signs of serious troubles in the financial system here you have one more

[zerohedge @zerohedge]

Top Overnight News

McDonald’s is lowering the cost of its combo meals, after consumers were left sticker-shocked by Big Mac meals that climbed to $18 in some places: WSJ

Trump posted "Could somebody please inform Jerome “Too Late” Powell that he is hurting the Housing Industry, very badly? People can’t get a Mortgage because of him. There is no Inflation, and every sign is pointing to a major Rate Cut. “Too Late” is a disaster!"

Secretary Bessent is reportedly betting the crypto industry will become a crucial buyer of Treasuries in the coming years as Washington seeks to shore up demand for a deluge of new US government debt: FT.

US is looking into taking equity stakes in chip makers in exchange for CHIPS Act funding, similar to the Intel plan: RTRS

Estée Lauder Cos. issued a weak profit outlook for its fiscal year, dragged down in part by tariff costs.

Xiaomi Corp. intends to sell its first electric vehicle in Europe by 2027, declaring plans to take on Tesla Inc. and BYD Co. globally after gaining traction with its year-old Chinese EV business.

Novo Nordisk A/S implemented a global hiring freeze as the Danish drugmaker seeks to cut costs and regain its footing in the competitive market for weight-loss treatments.

Baidu Inc.’s revenue fell, hurt by an economic downturn that’s capping its ability to fight bigger rivals in AI and make inroads in new growth areas.

Temasek Holdings Pte is mulling one of its biggest overhauls in years, potentially reorganizing the firm into three investment vehicles in a bid to boost returns and efficiencies, according to people familiar with the matter.

Shares of Chinese pop toy maker Pop Mart International Group Ltd. rose to a record after founder and Chief Executive Officer Wang Ning said the company could easily surpass its annual sales projection and announced plans to launch a new mini Labubu.

Shipments of phones within China -9.3% Y/Y at 22.6mln handsets in June (prev. -21.8% Y/Y at 23.72mln in May), via CAICT; shipments of foreign phones incl. Apple (AAPL) iPhones within China -31.3% at 1.97mln (prev. 9.7% at 4.54mln in May).

[The Kobeissi Letter @KobeissiLetter]

It's official:

The US has now seen 446 LARGE bankruptcy filings in 2025, officially +12% ABOVE pandemic levels in 2020.

In July alone, the US saw 71 bankruptcies, marking the highest single-month total since July 2020.

What's happening? Let us explain.

(a thread)

[Matt Brown @Colchester1891]

@GuyDealership So they're raising prices to consumers, to eat up the real cost of offering 0% new car loans.
#whatascam

[Nick Gerli @nickgerli1]

Florida's housing supply spike isn't stopping.

Listings went up 7.3% last month. And are up 33% YoY.

We're now dealing with the highest level of housing supply in Florida since 2008-09 crash.

[Darth Powell @VladTheInflator]

FHA insures 7.81 million mortgages, 11.03 percent are already delinquent.

This would mean roughly 860,000 homes are delinquent. At a median home value of say $250,000, thats $215B in delinquent mortgage loans.

Problem? FHA only has $140B in reserves assuming this doesn't get worse (it will)

[Darth Powell @VladTheInflator]

They want you to feel bad for a single mom with 7 kids living in Section 8 rent free.

I feel bad for the 6 hard working Americans families that have to work two jobs to pay for that section 8 lifestyle.

[Matt Brown @Colchester1891]

IF YOU NEVER FILE A PERSONAL CAR OR HOME INSURANCE CLAIM, WHY DOESNT MY PAID PREMIUM NOT ROLL OVER TO THE NEXT YEAR??

#InsuranceScam

[@amuse @amuse]

DEPARTMENT OF EDUCATION: This is the archetype DoE employee. Shut it down.

[Elon Musk @elonmusk]

Did you know that over $100 billion dollars in COVID payments was stolen by professional foreign fraud rings?

[Nightingale Associates @FCNightingale]

Walmart purchased the Monroeville Mall in Pennsylvania for 15% of its 2004 price.

$34M vs $231.2M

The mall opened in 1969 and was renovated in 2003.

- pittsburghpostgazette

#commercialrealestate

[Matt Brown @Colchester1891]

@cmsdfwnbjv @julie_kelly2 Impeach!
.@SpeakerJohnson
.@johnthune

[Miranda Devine @mirandadevine]

So, Politico took $8 million from the Biden administration and then went after Joe Biden’s perceived enemies in the media. Dirty. At the very least, the brown paper bag from Biden should have been disclosed.

[Matt Brown @Colchester1891]

They overcharged with the kidnapping charge.
.@JulieCourtTV

[Matt Brown @Colchester1891]

@julie_kelly2 We need to #IMPEACH many of the DC federal JUDGES asap.

No sitting federal judge has the authority to issue a nationwide injunction.

Time to challenge this unlawfullness all the way up to #SCOTUS
.@SpeakerJohnson
.@johnthune

[MacroEdge RESights @RESightsbyME]

Home prices, adjusted for inflation, are up just 4.51% since Q1 2006

[Nightingale Associates @FCNightingale]

Soundview Plaza 1266 East Main St Stamford, Connecticut sells for 42.9% of 2019 price.

Sold for $6.5M. Purchased in 2019 for $15.15M.

30.7% of Stamford’s 15.8M SF of office space is vacant reported Cushman and Wakefield.

190K SF Built 1981

-hbj

#commercialrealestate

[Matt Brown @Colchester1891]

@PeterSchiff China is strategically lowering the value of the yuan.

Why?

Defeats US tariffs.

Nothing operates in isolation.

[Shashankh Aryal @aryal1994]

Bankruptcy Halts $145mm Foreclosure of Boca Raton Apartments

- A 366-unit, 14-story apartment building in Boca Raton filed for Chapter 11 bankruptcy.

- The filing halted a foreclosure auction tied to a $145mm loan ($396K per unit).

- The loan was refinanced in 2021 and recently matured.

- Monthly rents range from $2,946 to $7,249.

- The property is part of a $1B mixed-use project.

- Address: 101 E. Camino Real, Boca Raton, FL

Source: The Real Deal & Bisnow