BREAKING: President Trump officially announces a "deal on economic and trade relations with China:"
Chinese actions:
1. Suspend new rare earth export controls
2. Issue general licenses for exports of rare earths
3. Take "significant measures" to end flow of fentanyl to the US
4. Suspend ALL retaliatory tariffs since March 4th
5. Suspend all retaliatory non-tariff measures since March 4th
6. Purchase at least 12 million metric tons of US soybeans
US actions:
1. Lower tariffs on China by 10 percentage points
2. Extend the expiration of certain Section 301 tariff exclusions until November 2026
This is a huge deal.
@elonmusk Take a moment. This is a precious snapshot in time… Shaping our present and future. Thought it would be of interest. 🤘
https://t.co/HsAHFMLwqX
The H1-B Visa Situation:
President Trump just raised the cost of an H-1B Visa to $100,000 PER YEAR, a +1,000% increase.
The US issues ~85,000 new H-1B Visas per year, which will now cost $8.5 BILLION/year.
What are the economic implications? Let us explain.
(a thread)
Rate cuts are already being felt:
US mortgage demand just surged +29.7% over last week as Fed rate cuts began.
Refinance applications jumped +58% in ONE WEEK to levels not seen since the 2020 pandemic.
Will affordability finally improve? Not yet, here's why.
(a thread)
My friend Charlie Kirk was the best of America. A self-made man, a young husband and father, and a patriot, he was relentlessly positive about the future. He dedicated his life to making a difference with young people, drawing huge crowds everywhere he went. He was open to ideas and willing to debate anyone. That good-natured openness is what got him killed by an intolerant lunatic. Charlie was winning the debate, and for that, he had to be silenced, permanently. Our thoughts and prayers are with his wife Erika and his family.
This is the definition of broken:
In 15 days, the Fed will cut rates for the first time in 2025, yet the 30Y Treasury Yield is now near 5.00%.
We have RISING interest rates as markets "price-in" Fed interest rate CUTS.
Do you realize what's happening?
(a thread)
Something is seriously wrong here:
For the first time in history, a NEW home in the US costs $33,500 LESS than an EXISTING home, per Reventure.
Not even June 2005 saw such a large gap, right before the 2008 Financial Crisis.
What is happening? Let us explain.
(a thread)
BREAKING: July CPI inflation was unchanged, at 2.7%, below expectations of 2.8%.
Core CPI inflation rises to 3.1%, above expectations of 3.0%.
Core CPI inflation is now above 3.0% for the first time since February 2025.
The Fed is in a tough spot.