Five weeks ago today, Donald Trump signed the MoU to end the Iran war at France’s Palace of Versailles.
“The immediate and permanent termination of military operations,” the MoU reads.
"The slowest housing market in decades is stretching into its fourth year, and even real-estate agents who made it this far are reaching a breaking point," per WSJ
Noncitizens don’t vote. The right wing Heritage Foundation did the most comprehensive study on it. Since 1982, something like 7 to 8 billion votes cast in elections in this country, and they found roughly 100-200 cases of noncitizens voting. Do the math. It ain’t an issue.
BREAKING: US May PCE inflation, the Fed's preferred inflation metric, rises to 4.1%, the highest reading since April 2023.
Core PCE inflation rose to 3.4%, its highest since October 2023.
US inflation is now officially running at more than double the Fed's 2.0% target.
#BREAKING: @jdvance: “If you go back to WWII, if you go back to WWI, if you go back to every major conflict in human history, they all ended with some kind of negotiation.”
Lawrence: “NO, they didn’t. WWII ended with ZERO negotiations. WWII ended the way Donald Trump claimed his war in #Iran was going to end—unconditional surrender. Japan and Germany each signed unconditional surrender documents. Adolf Hitler killed himself rather than submit Germany to the unconditional surrender that he knew was coming. Every vice president, everyone, prior to JD Vance has KNOWN that President FDR demanded the unconditional surrender of Germany and Japan during WWII and when FDR died…his vice president, then elevated to the presidency, Harry Truman, accepted those unconditional surrenders without a word of negotiation with anyone about those surrenders. That kind of statement by JD Vance demonstrating a complete IGNORANCE of how WWII ended is the kind of thing that used to get you drummed out of American politics before Donald Trump’s DUMBING DOWN of the Republican Party and it tells you something about the quality of thinking that the vice president of the United States brings to his job.” 😳
BREAKING: US housing starts dropped -15.4% MoM in May, to 1.18 million units annualized, the lowest since May 2020.
Furthermore, April was revised lower by -73,000 units from the initially reported 1.39 million units.
By comparison, the 5-year moving average is 1.44 million units.
This drop was primarily driven by multifamily starts, which fell -40.2% MoM, to 284,000 units annualized, the lowest since November 2024.
At the same time, single-family starts declined -1.9% MoM, to 882,000 units annualized, the lowest since September 2025.
Residential construction activity is rapidly slowing.
🚨 Fitch downgrades US economy to deteriorating
At midyear, Fitch revised the outlooks for U.S. Homebuilders, North American Building Products, U.S. Packaged Foods, Global Airlines, North American Utilities and Power and North American Finance and Leasing Companies to ‘deteriorating’ from ‘neutral’. These revisions reflect a squeeze in real household incomes and mounting affordability challenges caused by higher inflation and interest rate expectations. While utilities are less directly exposed to consumer spending, rising affordability concerns are heightening political and regulatory risks for the sector.
Sectors with ‘deteriorating’ outlooks are concentrated in sectors sensitive to inflation, interest rates and consumer spending, while sectors benefiting from higher energy prices saw positive revisions.
The K-shaped consumer dynamic that was already present at the start of 2026 has intensified. Sector and asset performance outlooks for Retail & Restaurants, non-prime RMBS and several ABS sectors were marked as 'deteriorating' and remain under pressure.
Look out $spcx $dram $soxx 🤡
Michigan State Basketball Coach Tom Izzo has "had it" and "can't stand what is going on." Following the loss of both President Kevin Guskiewicz and Athletic Director J Batt, Izzo calls for "Spartan Nation" to stand up. https://t.co/A8R8KOw6u0
The inflation rate in Biden's last month in office was 2.9%. Trump (supported by a Republican Congress) has driven it up to 4.2%.
Thank you, voters, for your attention to this matter.
https://t.co/2BWtpX5aEf
63 federal courts threw out all of Trump’s BS claims.
All of them. The Supreme Court rejected all of Trump’s BS claims. He now screams and cuts off interviews because he constantly lies about elections being rigged. He’s projecting again.
BREAKING: President Trump responds after Iran ends all negotiations with the US, per CNBC.
"I really don’t care. I couldn’t care less," Trump says.
He also said he was "going to ask" Israeli Prime Minister Netanyahu "what’s going on with Lebanon."
The Carolina Hurricanes haven’t played in the Stanley Cup Final in 20 years.
How long ago is that?
The first two games were broadcast on the Outdoor Life Network (OLN).
You also might recognize who netted the unlikely winner in Game 1.
#SoundTheSiren