Trump is complaining about the cost of renovating Fed building but he is spending $1bn to renovate a new Air Force One that will only fly for about a year.
nytimes.com/2025/07/27/us/… via @nytimes
This could be the most consequential week for the economy in years.
Crucial economic data is due this week: jobs report, inflation, consumer confidence & corporate earnings. We'll take a peak at Q2 GDP & Fed will decide on rate cuts or hold steady.
>> cnn.com/2025/07/27/eco…
The contrast between the market’s tariff-reactions in April versus now are remarkable. Wall Street is now unphased by most of Trump’s utterances.
My @Morning_Joe Chart
As a result of Trump's tariffs- at 12:01am, Irving Oil, a major refinery based in Saint John, NB, Canada, adjusted fuel prices on nearly all fuel heading for the US Northeast market to reflect the 10% tariff. Look for retail prices to react quickly in this market.
92% of Musk’s wealth rests in Tesla or SpaceX, which both stand to gain a lot from favorable regulatory changes & large government contracts.
My @Morning_Joe chart
Elon Musk’s net worth has soared since Trump’s election, with Tesla shares appreciating 91% and SpaceX increasing its valuation by 67% — the money he invested in Trump’s campaign is already paying off.
My @Morning_Joe chart
Today the Fed announced it would cut interest rates by a quarter point, the third cut this year. @NFIB’s November SBET survey found the average interest rate on short term loans fell to 8.8% and the relative interest rate paid by regular borrowers remained at a net 5%.
According to a new survey in Fortune, 99% of professionals over age 40 believe some degree of #ageism exists at their organization.
Age-related stereotypes are the problem.
What sticks out for me is that ageism is a thing for someone just 40.
#Leadership#Work…
An FT article has said: "the mother of all bubbles."
"In the 1980s the US was 30% of the global economy and 30% of the stock market.
Now it is 27% of the global economy and 70% of the stock market."
In November, CPI rose 2.7% on a 12-month basis and increased 0.3% over the month. @NFIB’s November SBET report found a net 28% of small business owners plan to raise prices and a net 24% have already raised prices.
Odds To Win National Championship, via FanDuel:
Texas +360 🏆
Oregon +360 🏆
Georgia +500
Ohio State +500
Penn State +550
Notre Dame +700
Tennessee +2500
SMU +4000
Indiana +4000
Arizona State +6000
Clemson +6000
Boise State +6000
Musk’s plan to cut $2 trillion in U.S. spending could bring economic turmoil -- Deep budget cuts would be required to meet the billionaire Trump supporter’s goal. He acknowledged risks that may crater economy.
link bypasses paywall wapo.st/3Yuu4XM
via @washingtonpost
Could illegal immigration sway elections in swing states?
@JonSutz's chart shows the massive increase in illegal alien populations in swing states under Biden-Harris.
It's no wonder liberals are so opposed to requiring proof of citizenship for voter registration.
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