He’s a raving lunatic. He just says the same things over and over with absolutely no evidence. Storms off like a child. If you still buy any of this garbage I’m actually embarrassed for you.
Here's the full chain of events that led to Trump storming out of his interview with Kristin Welker, beginning with her pressing him on the weaponization fund, continuing with her pointing out the baselessness of his "rigged election" lies, and concluding with him calling her "crooked or stupid" and leaving
Think about all the column inches and headlines devoted to Graham Platner over the past week versus Ken Paxton and then tell me again we have a ‘liberal’ media.
I'm sure there were a ton on the right who got all the clicks posting about how. "Look at us wasting money to sterilize flies while praising Elon & doge."
The screwworm program wasn't charity, it was a $10 million fence that kept a billion-dollar problem from eating our own livestock alive. That's the thing with most USAID funding: it looks like "aid," but it's really cheap self-defense. Solve a problem there, and it never lands on our doorstep. But sure, let a bunch of guys who can't define DEI without Googling take a chainsaw to it. They didn't stop to ask, "Will this cut hurt us too?" Unless that's the point, burn it all down and call it efficiency.
As usual our inept agriculture secretary, blaming the Biden administration as usual, instead of offering a solution to the problem they created.
Texan here
A screwworm infestation is a nightmare for cattle, causing horrific wounds and economic devastation. For Texas, the situation has escalated dramatically in the last 24 hours with the first confirmed case of New World Screwworm (NWS) in over 60 years! This could have been avoided!
Infested animal can kill a cow in less than two weeks.
Treatment is extremely difficult and time-consuming, requiring the painful removal of every visible larva and deep disinfection of the wound. Ranchers no longer have much experience with this labor-intensive process, and there is currently no approved pharmaceutical treatment to make it easier.
This has triggered a massive economic threat. The USDA estimates that a widespread outbreak would drain an astonishing $1.8 billion from the Texas economy alone in livestock deaths, labor, and medication expenses.
How will this affect you? Tightening supplies will drive already high beef prices higher.
BREAKING: More than half of the publicly identified donors to President Trump’s White House ballroom project have won new or expanded federal contracts worth more than $50 billion, per WaPo
Wow, the S&P Dow Jones Indices has just officially announced that they will NOT be changing their inclusion rules to make it easier for “MegaCap” companies (such as @SpaceX) to be fast-tracked into the S&P 500.
Their reasoning:
"S&P DJI determined that exceptions to the financial viability, seasoning, and IWF requirements should not be granted solely based on market capitalization. The decision not to adopt the proposed exceptions preserves core index principles by maintaining consistent application of these key requirements. Although there may be trade-offs between strict adherence to these eligibility requirements and broad representativeness, the current methodology provides substantial market coverage and sector balance. As a result, the indices can continue to meet their stated objectives while preserving their role as representative and investable benchmarks for the U.S. equity market.
No changes will be made to the eligibility criteria including financial viability screens, seasoning period, or minimum IWF, for the S&P 500, S&P MidCap 400, or S&P SmallCap 600 as a result of the S&P Dow Jones Indices consultation on the treatment of MegaCap companies. Accordingly, there will be no changes to existing methodology for this index family."
This means that the earliest @SpaceX could be eligible to be added to the S&P 500 would now be June 2027.
The requirements that will now remain in place are:
• No changes to S&P 500 eligibility rules for mega-cap companies.
• Mega-cap companies will still need to wait 12 months after their IPO before being considered for S&P 500 inclusion.
• S&P will not waive profitability requirements for mega-cap companies. The company must have positive GAAP net income in the most recent quarter, and the sum of the most recent four consecutive quarters.
• S&P will not waive minimum public float requirements for mega-cap companies. At least 10% of a company's shares must be publicly tradable ("free float").
The S&P rejected proposals that would have:
• Reduced the IPO seasoning period from 12 months to 6 months
• Waived profitability requirements
• Waived minimum public float requirements
From 1966 to 2025 we dropped sterile flies over South America that ate screwworm and thus prevented them from spreading, but the le epic efficient cracked coders at DOGE thought this was a silly waste of the ~0 dollars it cost us.
Feb. 10: Trump portfolio buys between $1 million and $5 million in stock in Dell.
Feb. 19: Trump at rally encourages supporters to "buy a Dell computer."
May 27: Pentagon awards $9.7 billion contract to Dell.
@maeganvaz https://t.co/f1HqeHqqtV
It was never actually about paying the J6 rioters.
It was about protecting Donald Trump.
They’ll still blindly support him, though, no matter how many times he screws them over.
I think Myles is going to find out very fast how great #Browns fans are, LA is all about the Lakers and Dodgers, home games packed with opposing fans, sure the weather is great, sure he’s probably on the favorites but nothing compares to the #DawgPound
Imagine you spent 40 years doing the boring, responsible thing.
You opened a 401k at 23. You contributed every paycheck. You ignored the noise. You bought the index because Bogle told you to, because Buffett told you to, because every honest piece of financial advice for 30 years told you the index was the safest, most diversified, most rules-based way to own America.
The whole point was the rules.
The rules said: a company must trade for 12 months before joining the S&P 500. The rules said: it must show four consecutive quarters of GAAP profitability. The rules existed because in 1999 the index quietly bought a lot of stocks at the top, and pensioners paid the bill.
After the dot-com crash, S&P tightened the rules. Nasdaq tightened the rules. FTSE Russell tightened the rules.
For 23 years, those rules held.
Then SpaceX filed for IPO.
And the rules changed.
The S&P 500 waived the profitability requirement. Nasdaq cut its trading-history window from 90 days to 15. FTSE Russell cut its to 5.
Bloomberg Intelligence estimates the major index funds will absorb between 19% and 24% of SpaceX's float within six months. That's over $30 trillion of passive 401k and retirement money, mechanically buying a single newly public company at IPO valuations, because the rules said they had to.
Except the rules used to say they didn't.
Here's the thought exercise:
If you spend 40 years building a system designed to protect ordinary savers from buying overpriced stocks, and then you waive the protections the moment a sufficiently large stock asks you to, what was the system actually protecting?
Most of investing is about understanding what's a rule and what's a guideline.
A rule binds the rule-maker.
A guideline binds the saver.
You're allowed to find out which is which only after the fact.
Trump had another mental health episode today and posted over 50 times online:
11:15 AM - Trump attacks judge who said he couldn’t put his name on the Kennedy Center
12:03 PM - Says he may perform and give a speech at the America 250 event instead of artists who cancelled
12:08 PM - Says Obama filled the Reflecting Pool with Garbage
12:09 PM - Attacks Biden
12:09 PM - Posts edited photo of Columbus Circle in DC with the caption “CLEAN”
12:10 PM - Attacks Biden again
12:11 PM - Posts AI photo of him and George Washington riding horses in front of the White House with a space shuttle and race car in the background
12:11 PM - Attacks Rosie O’Donnell
12:11 PM - Posts photo of him in front of the American flag
12:11 PM - Brags about his endorsed candidates winning
12:12 PM - Attack Obama and Biden over the reflecting pool
12:12 PM - Posts photo of him pointing at the camera
12:13 PM - Posts photo of the UFC event cage he’s building at the White House
12:13 PM - Posts an AI image of a “golden dome” for the White House
12:15 PM - Defends Jaxson Dart, calling him a “winner” and his critics “losers”
12:45 PM - Posts an AI image of him as a NY Knicks basketball player dunking on Governor Kathy Hochul
12:56 PM - Posts an AI image of him with Tom Brady
1:03 PM - Posts a garbage can labeling it “The Obama Presidential Library”
1:16 PM - Says America is back
1:16 PM - Says America is back again
1:16 PM - Says America is back for the 3rd time
1:55 PM - Posts an AI image of him golfing
2:55 PM - Says he’s in “excellent health” lol
3:17 PM - Promotes his Fox News interview with Lara Trump
4:33 PM - Attacks the Pope again
4:54 PM - Posts a weird image of him staring at Greenland (which he has posted already)
4:57 PM - Posts an AI image of the “drone port” he wants to build on top of the ballroom
5:33 PM - Attacks Biden
5:33 PM - Attacks Biden x2
5:34 PM - Attacks Biden x3
5:34 PM - Attacks Biden x4
5:34 PM - Attacks Biden x5
5:35 PM - Posts cartoon image of Governors Newsom, Pritzker, and Hochul saying they like crime (Trump is a felon)
5:36 PM - Posts meme about Republicans who voted to release the Epstein files losing their primaries
5:36 PM - Posts an old tweet of his where he attacks “disloyal” Republicans
5:37 PM - Posts an old tweet where he said he wants to stop the world from “killing itself”
5:37 PM - Posts a mock up of a “Trump Peace Prize” which may be the most useless peace prize known to man
5:37 PM - Posts a photo of a B-2 bomber with the caption “Trump energy 2026”
5:37 PM - Posts a photo of his face on Mount Rushmore
5:38 PM - Posts an image of him kissing the American flag (he’s the least patriotic president we’ve ever had)
5:39 PM - Compares himself to George Washington
5:39 PM - Says you were convinced to think a photo of a family sitting on a car is “evil” and billions were spent to do that (???)
5:50 PM - Says we should “physically audit” Fort Knox
5:50 PM - Posts an image of him cosplaying as a navy commander
5:51 PM - Posts another image of his face on Mount Rushmore
5:51 PM - Posts another photo of him and George Washington
6:09 PM - Attacks Biden again
6:09 PM - Attacks Biden x2
6:09 PM - Attacks Biden x3
6:09 PM - Posts an old photo of himself and King Charles
6:12 PM - Posts an old photo of himself and President XI in China
6:12 PM - Posts another photo of himself and President Xi
6:22 PM - Posts a photo of himself walking in China
6:48 PM - Says the U.S. should have a ballroom because China has one
7:03 PM - Says he wants to cancel his America 250 celebration and replace it with a MAGA rally
7:56 PM - Promotes Mark Levin’s show on Fox News
7:59 PM - Promotes his Fox News interview with Lara Trump
All in one day. This man is not well. Impeachment and removal NOW.