Democrats criticize Trump's dangerous military rhetoric
βThe president and Secretary Hegseth's rhetoric about no mercy, no quarter, death from above, the bombing of the Stone Ages, this kind of rhetoric is really dangerous because the likelihood of having downed pilots or others who are captured in a war like this is very high. And if you send the message that there's no quarter for the folks on the other side, that really encourages them to mistreat our folks.β
βAnd the goal has always been that once she is comfortable, then she will be out with them. But it would be inappropriate for us to rush it. We want to see them together.β
βPresident Trump also issued a profane threat to Iran on Easter Sunday morning. He said starting Tuesday, the US will bomb power plants and bridges if Iran doesn't open the Strait of Hormuz. The president has issued a series of contradictory statements on the Strait, saying that it would open naturally when the war ends, or that European countries should open the Strait themselves.β
βMass shootings in 2023 have also continued in high numbers, with 528 occurring as of October 2 according to Gun Violence Archive. Additionally in 2023, as of November 8, the US experienced 25 weather and climate disasters which caused at least $1 billion in damage each.β
βThe rise of artificial intelligence and large language models dominated not only the economy but has also been at the root of a Hollywood double strike conducted by Writers Guild of America and a SAG APTRA strike. These were part of a larger phenomenon of labor strikes across the country, in which such large diverse groups, such as Teamsters and Auto Workers won new contracts.β
War-driven energy spikes prevent Federal Reserve rate cuts
βGasoline prices have jumped sharply since the US and Israel launched their war against Iran. That's expected to push the annual inflation rate back above 3% when the price index for March is released on Friday. Core inflation, which strips out volatile energy and food prices, is also expected to be higher in March than it was in February.β
βThe uptick in attacks comes as part of a wider Ukrainian effort to limit Russia's financial windfall from the US and Israel's decision to attack Iran. That war has brought soaring global energy prices and new customers for Russian oil and gas at a moment when Russia's economy had been struggling due to Western sanctions.β
Strait of Hormuz closure threatens global supplies
βHelium plays a very important role in a number of industrial processes. Also, fertilizer, that's raising prices for farmers around the world, including here in the US. The fertilizer price goes up because there's a lack of fertilizer. Well, the prices for farmers go up and then food prices go up for consumers.β
βThe Pope warned humans are growing accustomed to violence, resigning ourselves to it and becoming indifferent to the deaths of thousands of people and quote repercussions of hatred. He made this Easter a passionate appeal for true peace.β
βTo the AI economy, where real estate developers are now spending more on data centers than office space. And is it time to call a boomer? Public phones in Boston and Nevada are connecting generations. We'll explain.β
OPEC production boost faces severe logistical delays
βReopening of the Straits will be slow because it may have been mined. Also, the logistics of getting all the ships that are trapped in out and the ones that are out in will be slow. Repair, there's been a lot of damage to infrastructure. We don't know how bad.β
Super Mario Galaxy dominates the weekend box office
βAt the weekend box office, the Super Mario Galaxy movie took the top spot with an estimated $130 million in ticket sales. That's the biggest opening of the year for a Hollywood film. The Illumination and Nintendo co-production capitalized on kids' spring break vacations, and despite mixed reviews, audiences were happy.β
Europe faces deindustrialization due to energy supply cuts
βUnder President Biden, the number one energy supply line to Europe was cut. The Nord Stream 2 pipeline from Russia to Germany. Under President Trump now, the second lifeline of energy has been cut, which is through the Strait of Hormuz. So really what's happening, and you know, none of that is sort of a surprise. You know, if you sort of take these actions, this is the result, reveal preference. We have to assume that's what those behind the scenes who advise the president want it because it's not surprising.β
βIsrael often issues evacuation orders, but this attack in Beirut's coastal area of Jinnah came without warning, hitting a dense residential area near a public hospital. Health officials say a four-year-old girl was among those killed in another Israeli airstrike near the coastal city of Sidon, which has absorbed thousands of displaced people from farther south.β
βIf Iran does not fully open without threat, the Strait of Hormuz within 48 hours from this exact point in time, the United States of America will hit and obliterate their various power plants, starting with the biggest one first. So he wrote that on Saturday night, which means that 48 hour clock expires tonight.β
Israel strikes Hezbollah despite US-Iran ceasefire tensions
βIran's foreign ministry says it won't be involved in talks unless Lebanon is part of the deal. Israel insists its fight with Hezbollah is not part of the two week ceasefire between The US and Iran and continues hitting Hezbollah targets in Lebanon. Wednesday, Israel struck multiple targets including in Beirut, killing more than 300 people.β
Military conflicts are projected to exceed initial timelines
βWe were told that the first attack was at the summer where we went in, we bombed, it was clean, we left. That was it. We took out all their nuclear launching capabilities, come to find out now. We were told it was for the people. I haven't heard a single thing from anybody on the ground. Any Iranians, the protesters here are like, yes, we want it, please help us. The internet's down, we don't know what the hell is going on. I don't see this not going a year, at least a year.β
Hollywood strikes highlighted labor tension with AI
βThe rise of artificial intelligence and large language models dominated not only the economy but has also been at the root of a Hollywood double strike conducted by Writers Guild of America and a SAG APTRA strike. These were part of a larger phenomenon of labor strikes across the country, in which such large diverse groups, such as Teamsters and Auto Workers won new contracts.β
Far-right rebellion defined Kevin McCarthy's speakership
βThe dominant political story of the year has been the 270-day-long speakership of Representative Kevin McCarthy, whose slim majority in the House of Representatives has enabled a far-right rebellion to exert more weight over the lower chamber.β
McCarthy's speakership defined early 2023 House dynamics
βThe dominant political story of the year has been the 270-day-long speakership of Representative Kevin McCarthy, whose slim majority in the House of Representatives has enabled a far-right rebellion to exert more weight over the lower chamber. The battle between the rebellious Freedom Caucus and McCarthy has been at the heart of an averted debt ceiling crisis and the annual budget debate nearly devolving into a government shutdown.β
Selective Service shifts to automatic military draft registration
βThe Trump administration is taking steps toward automatic registration for the military draft. The selective service has required eligible men ages 18 to 25 to register since 1980. The agency says it will begin registering men automatically instead of requiring them to sign up themselves.β
βOil prices at the $100 mark now for a while. There's concern that could go up to $150, $170 a barrel. Over the weekend, United Airlines CEO says they're preparing for that scenario and you see a lot of companies adapting to a scenario where we could have high oil prices for a while.β
Regional bank failures sparked global economic concerns
β2023 also saw the roots of a global banking crisis arise out of four American regional banks, the two largest being Silicon Valley Bank and First Republic Bank. 2021's inflation surge moderated in 2023, while the Federal Reserve continued to raise its interest rates in the first half of the year.β
βThe rise of artificial intelligence and large language models dominated not only the economy but has also been at the root of a Hollywood double strike conducted by Writers Guild of America and a SAG APTRA strike, these were part of a larger phenomenon of labor strikes across the country, in which such large diverse groups, such as Teamsters and Auto Workers won new contracts.β
Drones and missiles now challenge US naval dominance
βThe very nature of warfare has fundamentally changed in a way that has arguably not happened since black powder rifles were used to take down heavy cavalry whenever that was four or five hundred years ago. And that is that Iran is using missiles and drones to stand off the United States Navy in a naval choke point. And so while there's something called Mahan Doctrine, which is you control naval choke points, you control the world. And that has been in force for four or five hundred years.β
Regional bank failures sparked a global financial crisis
β2023 also saw the roots of a global banking crisis arise out of four American regional banks, the two largest being Silicon Valley Bank and First Republic Bank. 2021's inflation surge moderated in 2023, while the Federal Reserve continued to raise its interest rates in the first half of the year.β
Stagflationary signals are emerging in US data - a significant downward revision to Q4 GDP paired with a 'hotter' Core PCE print is challenging the narrative of a resilient economic soft landing.
βThe first revision to Q4 GDP was cut in half, down to 7 tenths of a percent from 1 percentage point... That's not the kind of mix that supports an economic resilience narrative.β
Far-right rebellions destabilized the 2023 speakership
βThe battle between the rebellious Freedom Caucus and McCarthy has been at the heart of an averted debt ceiling crisis and the annual budget debate nearly devolving into a government shutdown, all culminating in the removal of McCarthy on October 3. The dominant political story of the year has been the 270-day-long speakership of Representative Kevin McCarthy, whose slim majority enabled a far-right rebellion.β
Geopolitical tension is pushing oil toward $100 - US military deployments and potential closures of the Strait of Hormuz are driving crude prices higher while creating a volatile environment for global trade.
βWTI crew diverse earlier declines to finish up over 3% on the day, just under $100 a barrel.β
Inflation likely to exceed 3% following energy spike
βGasoline prices have jumped sharply since the US and Israel launched their war against Iran. That's expected to push the annual inflation rate back above 3% when the price index for March is released on Friday. Core inflation, which strips out volatile energy and food prices, is also expected to be higher in March than it was in February.β
βAt the weekend box office, the Super Mario Galaxy movie took the top spot with an estimated $130 million in ticket sales. That's the biggest opening of the year for a Hollywood film. The Illumination and Nintendo co-production capitalized on kids' spring break vacations, and despite mixed reviews, audiences seemed happy.β
Israeli airstrikes kill dozens across Southern Lebanon
βEaster services are mixed with funerals as Israel bombs Lebanon's south and demolishes homes there. In the Christian village of Dibil, resident Maroun Yassif tells NPR, They're under siege and being shelled. United Nations peacekeepers say they've lodged a formal protest after Israeli soldiers destroyed security cameras outside a UN base in southern Lebanon. Three UN peacekeepers were killed last month and several have been wounded.β
βIn his Easter address, Pope Leo said that peace cannot be achieved through weapons or threats. At a time when political leaders in the United States and in Israel have employed religious language to justify the war in Iran, the Pope said that the Christian story is one of non-violence. The Pope also called on each individual to take action and not be desensitized by the suffering and death of others.β
Trump threatens to strike Iran's critical infrastructure
βOn this Easter Sunday, President Trump went on Truth Social this morning to threaten Iran. In a profanity-laden post, he said Tuesday will be Power Plant Day and Bridge Day, repeating his threat to strike Iran's critical infrastructure if Iran doesn't reopen the Strait of Hormuz by his Monday deadline. Trump ended the post with, praise be to Allah.β
βTrump said the rescued officer sustained injuries, but quote, he will be just fine. This was the first time Iran has shot down a US fighter jet since the war started. President Trump also issued a profane threat to Iran on Easter Sunday morning. He said starting Tuesday, the US will bomb power plants and bridges if Iran doesn't open the Strait of Hormuz.β
Mundy the elephant finds community in Georgia refuge
βWhen Mundy first arrived in Georgia, she was kept apart from the other elephants by a fence. Carol Buckley, who cares for the animals here, says she wasn't sure how the others would react. But one of them, called Tara, took an interest right away.β
β2023 also saw the roots of a global banking crisis arise out of four American regional banks, the two largest being Silicon Valley Bank and First Republic Bank. 2021's inflation surge moderated in 2023, while the Federal Reserve continued to raise its interest rates in the first half of the year.β
Pope Leo advocates for non-violence amid global conflict
βIn his Easter address, Pope Leo said that peace cannot be achieved through weapons or threats. At a time when political leaders in the United States and in Israel have employed religious language to justify the war in Iran, the Pope said that the Christian story is one of non-violence.β
β2023 also saw the roots of a global banking crisis arise out of four American regional banks, the two largest being Silicon Valley Bank and First Republic Bank.β
β2023 also saw the roots of a global banking crisis arise out of four American regional banks, the two largest being Silicon Valley Bank and First Republic Bank. 2021's inflation surge moderated in 2023, while the Federal Reserve continued to raise its interest rates in the first half of the year.β
βThe rise of artificial intelligence and large language models dominated not only the economy but has also been at the root of a Hollywood double strike conducted by Writers Guild of America and a SAG APTRA strike. These were part of a larger phenomenon of labor strikes across the country, in which such large diverse groups, such as Teamsters and Auto Workers won new contracts.β
Geopolitical instability is driving oil prices above $112
βSMP futures, Dow 1.48, Dow 1.36. Oil, gas prices right now, 112.17. It's skyrocketed. While this is going on, at the same time, we're hearing a bunch of other news that took place. And that statement, Bitcoin dropped. Markets concerned. People are worried. What's going to be happening? He did talk about the 4 million kids in America right now have that Trump account that's been created, which was some of the good news that he shared.β
Ukraine drones strike Russian energy infrastructure
βThe governor of Russia's northwestern Leningrad region said Ukrainian drones caused a fuel leak at the Baltic Sea port of Primorsk, the latest in a series of attacks that have slowed shipments of oil out of one of Russia's largest export hubs. Separately, authorities in the Nizhny Novgorod region to the east of Moscow reported Ukrainian drone strikes caused a massive fire at one of Russia's largest oil refineries.β
βThe scientists found that the same neurons that fire when someone looks at an object also fire when a person imagines that object. The finding supports earlier evidence from brain scans suggesting that seeing and imagining activate the same circuits.β
βThe astronauts will hit Earth's atmosphere going nearly 24,000 miles per hour. One source of anxiety, the heat shield. After a test flight without a crew found some unexpected damage a few years ago, NASA investigated and changed the reentry procedures to deal with this issue.β
βI'm kind of in shock. I wanted to feed Mundy and Tara close together. And so I fed Tara over here. She picked up her food and brought it right over to the fence line here so she could be eating with Mundy. So you tell me what that means. I think that is really good.β
βNow to those massive, sometimes 6-hour TSA lines at some US airports over the weekend. As this partial DHS shutdown nears its 40-day mark, ICE agents are set to arrive to help speed things up at some airports today.β
βThe rise of artificial intelligence and large language models dominated not only the economy but has also been at the root of a Hollywood double strike conducted by Writers Guild of America and a SAG APTRA strike.β
Super Mario Galaxy dominates the global box office
βAt the weekend box office, the Super Mario Galaxy movie took the top spot with an estimated $130 million in ticket sales. That's the biggest opening of the year for a Hollywood film. The Illumination and Nintendo co-production capitalized on kids' spring break vacations, and despite mixed reviews, audiences were happy.β
βThey're recovering from the trauma that they experienced living in captivity. And for them to open up and trust you while you are there with them, helping them work through it, it's indescribable. They feel all the vibration and energy that comes into their area, which is one of the reasons we're not open to the public, because I can't control people's energy.β
Energy security is reviving the nuclear sector - the escalating Iran crisis is forcing nations like Japan to prioritize nuclear power as a critical hedge against Middle Eastern oil disruptions.
βJapan's opposition party is calling for increased nuclear plant usage to offset the Iran crisis, and that's highlighting how energy security is becoming a critical investment theme.β
βI wanted to feed Mundy and Tara close together. And so I fed Tara over here. She picked up her food and brought it right over to the fence line here so she could be eating with Mundy. So you tell me what that means. I think that is really good.β
Energy giants consolidated via multi-billion dollar mergers
βAdditionally, the latter half of the year saw many large mergers and acquisitions, some of the largest announcements being in oil and gas with ExxonMobil's purchase of Pioneer Natural Resources for nearly $60 billion and Chevron's acquisition of Hess Corporation for $50 billion, both in October and pending regulatory approval prior to closure.β
βEgypt said today that its foreign minister, Badr Abdel-Ati, had had phone conversations with his regional counterparts, as well as US Middle East envoy Steve Witkoff and Iran's foreign minister Abbas Arakchi to discuss proposals to de-escalate the Iran war. The phone conversations follow Egypt's participation last weekend in talks with Pakistan, Turkey and Saudi Arabia on the Iran conflict, which has also triggered a rise in global fuel costs.β
βAdditionally, the latter half of the year saw many large mergers and acquisitions, some of the largest announcements being in oil and gas with ExxonMobil's purchase of Pioneer Natural Resources for nearly $60 billion and Chevron's acquisition of Hess Corporation for $50 billion, both in October and pending regulatory approval prior to closure.β
Captive elephants recover from trauma via social bonds
βThey're recovering from the trauma that they experienced living in captivity. And for them to open up and trust you while you are there with them, helping them work through it, it's indescribable.β
βAdditionally, the latter half of the year saw many large mergers and acquisitions, some of the largest announcements being in oil and gas with ExxonMobil's purchase of Pioneer Natural Resources for nearly $60 billion and Chevron's acquisition of Hess Corporation for $50 billion, both in October and pending regulatory approval prior to closure.β
βTrump said the Iranians were closing in on him, but the US forces found him first. They picked him up, flew him out of Iran. Trump says he's safe and sound, though we don't know exactly where he is or the extent of his injuries. Still a lot of details we don't know.β
Hollywood studios and screenwriters reach four-year deal
βHollywood studios and screenwriters reached an agreement yesterday on a new contract. It's for four years, a year longer than usual. The precise terms have not been disclosed. The Writers Guild issued a statement that the contract protects health care gains that were reached in 2023. The current contract expires June 30th. The swift resolution of negotiations comes in stark contrast to the last round, when Hollywood writers went on strike for months.β
βReopening of the Straits will be slow because it may have been mined. Also, the logistics of getting all the ships that are trapped in out and the ones that are out in will be slow. Repair, there's been a lot of damage to infrastructure. We don't know how bad.β
βPresident Trump said on Truth Social that dozens of planes took part in the operation to save the airmen after his F-15 fighter jet was hit over western Iran on Friday. The plane's pilot was quickly rescued, but the weapons officer, an Air Force colonel, had to go into hiding. Trump wrote, quote, This brave warrior was behind enemy lines in the treacherous mountains of Iran. US rescue aircraft came under fire, but managed to reach the airmen and fly them out of the country.β
βPresident Trump warned Iran today in a profane written post on social media that the US will attack key Iranian economic and infrastructure installations Tuesday. This, if no deal, is agreed to before then to keep open the key strait of Hormuz.β
βSurging gas prices helped push inflation to 3.3% in March, the largest increase in nearly two years. That's according to the latest numbers by the Labor Department. The average price for a regular grade is now $4.15 per gallon.β
Regional bank failures sparked global economic anxiety
β2023 also saw the roots of a global banking crisis arise out of four American regional banks, the two largest being Silicon Valley Bank and First Republic Bank. 2021's inflation surge moderated in 2023, while the Federal Reserve continued to raise its interest rates in the first half of the year.β
βThe governor of Russia's northwestern Leningrad region said Ukrainian drones caused a fuel leak at the Baltic Sea port of Primorsk, the latest in a series of attacks that have slowed shipments of oil out of one of Russia's largest export hubs. Separately, authorities in the Nizhny Novgorod region to the east of Moscow reported Ukrainian drone strikes caused a massive fire at one of Russia's largest oil refineries.β
βThey feel all the vibration and energy that comes into their area, which is one of the reasons we're not open to the public, because I can't control people's energy. They're recovering from the trauma that they experienced living in captivity. And for them to open up and trust you while you are there with them, helping them work through it, it's indescribable.β
βThe dominant political story of the year has been the 270-day-long speakership of Representative Kevin McCarthy, whose slim majority in the House of Representatives has enabled a far-right rebellion to exert more weight over the lower chamber. The battle between the rebellious Freedom Caucus and McCarthy has been at the heart of an averted debt ceiling crisis and the annual budget debate nearly devolving into a government shutdown.β
AI advancements triggered massive Hollywood labor strikes
βThe rise of artificial intelligence and large language models dominated not only the economy but has also been at the root of a Hollywood double strike conducted by Writers Guild of America and a SAG APTRA strike. These were part of a larger phenomenon of labor strikes across the country.β
McCarthy's speakership defined a year of political instability
βThe dominant political story of the year has been the 270-day-long speakership of Representative Kevin McCarthy, whose slim majority in the House of Representatives has enabled a far-right rebellion to exert more weight over the lower chamber. The battle between the rebellious Freedom Caucus and McCarthy has been at the heart of an averted debt ceiling crisis.β
Abandoning the Strait of Hormuz threatens dollar dominance
βOur job is to use our deep water, deep blue water Navy to maintain freedom of navigation for the world. That is why the world, there's a big reason why the world uses the dollar as the reserve currency. And so if we say, hey, this isn't our problem, number one, that starts to raise serious questions about why am I paying the Americans for weapons? Why am I paying the Americans to hold dollars? And then also, at a more fundamental level, if we're winning, why can't we open the Strait of Hormuz?β
βPresident Trump said on Truth Social that dozens of planes took part in the operation to save the airmen after his F-15 fighter jet was hit over western Iran on Friday. The plane's pilot was quickly rescued, but the weapons officer, an Air Force colonel, had to go into hiding. Trump wrote, quote, This brave warrior was behind enemy lines in the treacherous mountains of Iran.β
Far-right rebellion destabilized the House speakership
βThe dominant political story of the year has been the 270-day-long speakership of Representative Kevin McCarthy, whose slim majority in the House of Representatives has enabled a far-right rebellion to exert more weight over the lower chamber. The battle between the rebellious Freedom Caucus and McCarthy has been at the heart of an averted debt ceiling crisis and the annual budget debate.β