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This episode of Double Tap is brought to you by: Rost Martin (Code: WLSISLIFE) Night Fision (Code: WLSISLIFE) Blue Alpha Bowers Group (Code: WLS) Text Dear WLS or Reviews +1 743 500 2171 Public Show Titles GOA GOALS Aug 1-2 in Iowa. https://goals.goa.org/ JUNE 20th, 2026 GunCon.net Tickets on sale now. Use code AGENCY171 DEAR WLS Question from Savage's Hair Stylist from PA I was a member of a local firearms forum that is shutting down. I bought and sold guns and gear through that forum locally with good success (mostly in-person meetings, not shipping). Since its closing I recently joined GAFS Hub at Nicks suggestion. What is the “standard procedure” for GAFS Hub, TAC Swap, etc? I see that some people hand write the date on a piece of paper next to the item for sale. What are the expectations for shipping and payment? Paid in full or partial before shipping? Paypal friends and family? Im interested in participating but want to understand how it works first.Thanks, Savage's Hair Stylist Question from Agent J Freedom from Illinois Have you heard of these people? I have purchased two completed uppers from them and they run great. Prices are very fair. Just thought I'd share. Home Agent J Freedom Question from Bill T from Texas Bill TI am looking into building a AR-9. Would you rather a Glock style mag adapter ( I don't have a Glock) or the Exomags from Mean Arms? I already had the lower. Thanks Question from Zachary V from MI Hey guys with all the misinformation and misinformed masses out there where do you go to find verifiable information about guns and accessories? I used to have a couple of places where I knew the information was vetted but they all went away. Reddit is a cesspool and Facebook groups are full of boomer fudds. How do you vet a new source for information?Thanks Zachary V Question from Rob K from Connecticut Rob KDear WLS Hey guys this question is mainly for Shawn. I'm interested in getting Pew-locker for my collection and ammo stocks. I was wondering how the ammo part of the site worked? I have close to 20 different calibers in my collection, and almost 4 dozen different types of brand names, bullet types, grains, steel, brass, copper washed, corrosive and non-corrosive. Does it know how many rounds to a box? Does Pew-locker track all of these things and have the ability to subtract when using ammo, then assign it to the gun I used it through? Thanks guys keep up the great work!!!! #WLS is life!!! GUN INDUSTRY NEWS THEFIREARMBLOG SIG Sauer MH322 Remotely Operated Payload for Unmanned Platforms The SIG Sauer MH322, from the company's Advanced Concepts Division, is a lightweight remotely operated payload designed for unmanned aerial or ground platforms rather than a conventional handheld firearm. It represents SIG Sauer's exploration into weaponized drone and remote weapon system technology amid the growing use of armed drones in modern warfare. Specific technical specifications such as caliber, weight, or exact armament are not detailed in available sources. THETRUTHABOUTGUNS Charter Arms Target Mastiff 9mm Revolver The Charter Arms Target Mastiff is a large-frame, 5-shot stainless steel revolver chambered in 9mm with a 6″ barrel, weighing 29 oz. It features a Picatinny rail for optics, combat rubber grips, and is designed for target shooting with balanced weight distribution. The TTAG review evaluates its reliability, accuracy, and shootability as a 9mm revolver. SHOOTINGNEWSWEEKLY Lima Six Belt Fed Upper for the AR-15 The Lima Six is a belt-fed upper receiver designed to install on any mil-spec AR-15 or M16 lower receiver, converting it to belt-fed capability in 5.56 NATO. It features a stretched receiver design that requires an A5-length buffer system and aims to use as many standard AR-15 components as possible for affordability and reliability compared to traditional belt-fed options. It is manufactured in the USA with a lifetime warranty and is positioned as an accessible option for enthusiasts. THEFIREARMBLOG Sig Sauer P211-GT4 Carry and P211-GT5 Full-Size Non-Compensated Models SIG Sauer releases non-compensated variants of the P211 platform. The P211-GT4 (4.2″ barrel, carry configuration) and P211-GT5 (5″ bull barrel, full-size) retain the steel frame, alloy grip module with G10 panels, SIG-LOC PRO optic-ready slide, ambidextrous controls, flat SAO trigger, and P320-compatible magazines while removing the integral compensator for broader competition, duty, suppressor, and departmental compatibility. SHOOTINGNEWSWEEKLY SOG and Cold Steel Boot Knife Gear Review Shooting News Weekly published a gear review by Tim Stetzer on June 6, 2026, examining boot knives from SOG and Cold Steel as everyday carry and defensive tools. The article highlights the Cold Steel model's injection-molded Kray-Ex handle over a full tang, which provides a rubber-like textured grip for secure handling. It discusses their suitability for concealed carry in a boot or similar locations. THEOUTDOORWIRE Crosman Raiden Full Auto BB Rifle Crosman Corporation introduced the Raiden (model CFAR-E BB), its first battery-powered full-automatic BB rifle. The select-fire airgun offers both semi-auto and full-auto modes, is powered by a 1500mAh rechargeable battery with USB charger, and uses a drop-out 80-round magazine for 4.5mm (.177) steel BBs. It is listed as new for 2026 in the Crosman catalog. THEOUTDOORWIRE RCBS 1776 Edition Rock Chucker Supreme Press and Die Sets RCBS has released a limited-edition 1776 Series to commemorate the 250th anniversary of the United States. The lineup includes a specially finished Rock Chucker Supreme single-stage press and six cartridge-specific die sets packaged in a custom wooden presentation box with RCBS heritage graphics. All products are Made in USA and maintain the standard line's strength and reliability. THEFIREARMBLOG Beretta 94X Performance Beretta has released the 94X Performance, a competition-oriented evolution of the 90 series built on a new longer Vertec Pro steel frame with extended geometry for a higher, more natural grip and 20-round flush magazine capacity. Key upgrades include an upswept beavertail, raised trigger undercut, 3 mm lower RDO optic cut, Xtreme-S trigger with short/fast reset, cold hammer forged barrel with advanced steel, redesigned firing pin/extractor with elastomer buffer, reshaped polymer grips with palm swell and aggressive checkering, refined low-profile safety levers, 1 mm fiber optic front sight, negatively inclined serrated rear sight, and graphite grey finish. A limited Launch Edition features DLC finish with acid-green accents and aluminum grips with Beretta 500 3D-printed inserts; 94X magazines are compatible with 90-series pistols but not vice versa. THEFIREARMBLOG Off Grid Operator Ti Purpose-Built 5.56 Titanium Suppressor Off Grid Suppressors has released the Operator Ti, a monolithic additively manufactured (3D-printed) aerospace-grade titanium suppressor optimized specifically for 5.56 NATO. The dedicated design provides superior sound and flash reduction along with more consistent POI shift compared to multi-caliber suppressors. It is direct-thread mounted and carries a lifetime warranty. SOLDIERSYSTEMS USMC Issues Sole Source Notice for Drone Round LLC 5.56mm L Variant Anti-Drone Rounds The USMC Program Manager for Ammunition (PdM AMMO) has issued a sole-source notice for an ID/IQ contract to Drone Round LLC for its 5.56mm “L Variant” Anti-Drone Rounds. The kinetic munition is the only one that meets Marine Corps counter-small UAS requirements and provides drop-in compatibility with no modifications, specialized receivers, or additional training required for M27, M4, and M4A1 platforms. The product launched earlier in 2026; contract award is estimated for December 2026. PEW REPORT Aero Precision Operational Challenges and Recapitalization The article questions whether recent difficulties signal the end for Aero Precision, a major AR-15 parts and receiver manufacturer. Widespread customer complaints include delayed orders, poor communication, and limited stock availability as of early 2026. The company has not filed for bankruptcy and states it is undergoing recapitalization while continuing limited operations and sales. Before we let you go – JOIN GUN OWNERS OF AMERICA We'd love if you supported the show, join Agency 171 at agency171.com. Lot's of prizes, rewards and kick ass swag. No matter how tough your battle is today, we want you here fight with us tomorrow. Don't struggle in silence, you can contact the suicide prevention line by dialing 988 from your phone. Remember – Always prefer Dangerous Freedom over peaceful slavery. We'll see you next time! Nick – @busbuiltsystems | Bus Built Systems Jeremy – @ret_actual | Rivers Edge Tactical Aaron – @machinegun_moses Savage – @savage1r Shawn – @dangerousfreedomyt | @camorado.cam | Camorado
After testing half a dozen knives this season, the North Arm Knives Lynx rose to the top. With its wide sweeping belly, full-size G10 handle, and tough Magnacut blade, this fixed blade knife proved itself in the field during multiple big game breakdowns. In this review, I walk through what makes this knife exceptional, what it's not ideal for, and why it's earned a spot in my kill kit. Whether you're a backpack hunter or a guided client looking for reliable gear, this review cuts through the noise and delivers real-world insight.
In this Friday Daily Editorial, I sit down with Marc Chandler, Managing Partner at Bannockburn Global Forex and Editor of the Marc to Market website, to recap this week's economic data, shifting monetary policy, and global market dynamics. Marc provides a comprehensive look at how the US economy continues to defy expectations and outpace international peers, while exploring what these structural shifts mean for global markets. Key Discussion Points: The Resilience of the US Economy: A look at the surprising strength of the Flash PMI data for May, the underlying drivers behind the Atlanta Fed's 4.3% GDP nowcast, and how the massive CapEx boom in data centers is fueling these numbers. The K-Shaped Consumer Dilemma: An analysis of the clear disconnect between robust GDP growth and record-low consumer confidence. A New Era for the Federal Reserve: Thoughts on Kevin Warsh being sworn in as the new Federal Reserve Chairman, how his leadership signals a departure from the Bernanke-Yellen-Powell continuum, and why a rate hike is fast becoming the market's base-case scenario. Global Currency & Bond Market Shifts: An examination of the widening gap between the US Dollar and other major G10 currencies like the Euro and Sterling, alongside an explanation of the recent bond liquidations by foreign central banks. Gold's Technical Consolidation: A technical evaluation of gold's current trading range, its failure to hold key support levels, and what it will take to restore bullish confidence in the metal. Click here to visit Marc's site - Marc To Market - https://www.marctomarket.com/ ------------------------- For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
In this Daily Editorial, we are joined by Marc Chandler, Managing Partner at Bannockburn Global Forex and Editor of the Marc to Market website. Marc provides a comprehensive breakdown of a volatile week characterized by a sea of red on Friday across equities and metals, contrasted by a significant rally in the US dollar. Key discussion points include: The G2 Summit and Geopolitical Friction: A look at the conflicting reports following the summit regarding Iran and how these tensions are impacting energy markets and market sentiment. Global Bond Market Sell-Off: An analysis of the sharp rise in the US 10-year yield and why international debt instruments, particularly UK Gilts and German Bunds, are seeing similar pressure. US Economic Reacceleration: Why recent data points to a strengthening US economy, causing a dramatic shift in Federal Reserve rate cut expectations for the remainder of the year. The Surge of the US Dollar: Marc explains the technical drivers behind the dollar's recovery and why "US Exceptionalism" is creating a divergence between the greenback and other G10 currencies. Commodity Volatility and Hard Assets: A discussion on the recent record highs in copper and the subsequent reversal, alongside the outlook for gold and silver in an inflationary environment. Click here to visit Marc's site - Marc To Market - https://www.marctomarket.com/ ------------------- For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
US President Trump posted on Sunday that the US will guide neutral ships safely out of the Strait of Hormuz under “Project Freedom”, beginning Monday morning Middle East time.An Iranian official said any American interference in the new maritime regime of the Strait of Hormuz will be considered a violation of the ceasefire. Iranian Major Abdullahi said any foreign armed forces, particularly the US, would be attacked if they approach and enter the Strait of Hormuz.European bourses mostly lower on geopolitical risk; Autos lag as Trump threatens a 25% tariff on EU cars.US equity futures are modestly mixed. GameStop (-0.8%) is offering to purchase eBay (+8%) for USD 56bln, WSJ reports.G10 mixed against the USD, JPY pares back towards 157 (vs 155.70 trough) with traders on intervention watch.Crude lifted on escalatory Iranian rhetoric and ahead of Trump's speech, energy gains dent XAU.Looking ahead, highlights include Global Manufacturing PMI Finals (Apr), US Factory Orders (Mar), and US President Trump. Speakers include Fed's Williams, BoC's Macklem and Rogers, ECB's Cipollone, de Guindos. Earnings from Palantir, ONSemi, Pinterest, Norwegian Cruise Line, Tyson Foods. Holiday: UK May Bank Holiday.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
The storm yesterday knocked off part of the gutter on Joey’s house, but then the wind somewhat put it back up. King Charles is in the United States and made some jokes while at the White House. Joey then told the story of how he and his brother lost each other in London several years ago. Hot tea: Morgan Wallen’s baby mama’s ex-husband posted a video using Morgan’s song “I Got Better” with the caption “can confirm.” Lisa Kudrow revealed that she and the other Friends actors still make $20 million a year from the show. Two teens were arrested for driving their lawn mower around Target. A recycling facility put up a new speed limit sign that says 17.3 mph. They don’t actually expect people to go 17.3mph, but they wanted the sign to stand out so people will slow down. Nancy started talking about speed bumps and went off the rails. Nancy’s crazy aunt called her to talk about death again. Lucky 7 for $50 to the Copper Cellar Family of Restaurants UT Athletic Director Danny White revealed that the construction process for the Neyland Entertainment Discrict will start this summer with the demolition of the G10 parking garage. The project should be completed in 2028. Joey just found out that his middle name and his twin brother’s first name are both spelled wrong. Joey’s middle name is Phillip (with two Ls), but he was named after his great-grandfather named Philip (with one L). His brother Jesse was named after his great grandfather Jessie (with an I). What Makes You Special? I Survived a Shark Attack! See omnystudio.com/listener for privacy information.
The storm yesterday knocked off part of the gutter on Joey’s house, but then the wind somewhat put it back up. King Charles is in the United States and made some jokes while at the White House. Joey then told the story of how he and his brother lost each other in London several years ago. Hot tea: Morgan Wallen’s baby mama’s ex-husband posted a video using Morgan’s song “I Got Better” with the caption “can confirm.” Lisa Kudrow revealed that she and the other Friends actors still make $20 million a year from the show. Two teens were arrested for driving their lawn mower around Target. A recycling facility put up a new speed limit sign that says 17.3 mph. They don’t actually expect people to go 17.3mph, but they wanted the sign to stand out so people will slow down. Nancy started talking about speed bumps and went off the rails. Nancy’s crazy aunt called her to talk about death again. Lucky 7 for $50 to the Copper Cellar Family of Restaurants UT Athletic Director Danny White revealed that the construction process for the Neyland Entertainment Discrict will start this summer with the demolition of the G10 parking garage. The project should be completed in 2028. Joey just found out that his middle name and his twin brother’s first name are both spelled wrong. Joey’s middle name is Phillip (with two Ls), but he was named after his great-grandfather named Philip (with one L). His brother Jesse was named after his great grandfather Jessie (with an I). What Makes You Special? I Survived a Shark Attack! See omnystudio.com/listener for privacy information.
Today, we look at the collateral damage in software-as-a-service land after ServiceNow shares suffered a nasty markdown yesterday after reporting earnings. We also look Intel's massive advance and other big movers on the day, and preview next week's peak-earnings season calendar with Saxo Equity Strategist Ruben Dalfovo. Also, a preview of the five G10 central banks meeting next week, with the Powell's swan song FOMC meeting next Wednesday. This and more on today's pod, which is hosted by Saxo Global Head of Macro Strategy John J. Hardy. Links discussed on today's podcast and our Chart of the Day can be found on the John J. Hardy substack (within two to four hours from the time of the podcast release). Read daily in-depth market updates from the Saxo Market Call and the Saxo Strategy Team here. Please reach out to us at marketcall@saxobank.com for feedback and questions. Click here to open an account with Saxo. Intro music by AShamaluevMusic DISCLAIMER This content is marketing material. Trading financial instruments carries risks. Always ensure that you understand these risks before trading. This material does not contain investment advice or an encouragement to invest in a particular manner. Historic performance is not a guarantee of future results. The instrument(s) referenced in this content may be issued by a partner, from whom Saxo Bank A/S receives promotional fees, payment or retrocessions. While Saxo may receive compensation from these partnerships, all content is created with the aim of providing clients with valuable information and options.
We Like Shooting - Ep 659 This episode of We Like Shooting is brought to you by: Midwest Industries (Code: WLSISLIFE) Die Free Co. (Code: WLSISLIFE) Bowers Group (Code: WLS) Otis Technology (Code: WELIKESHOOTING15) Flatline Fiber Co (Code: WLS15) Text Dear WLS or Reviews +1 743 500 2171 Public Show Titles GOA GOALS Aug 1-2 in Iowa. https://goals.goa.org/ GunCon.net Tickets on sale now. Use code AGENCY171 GEAR CHAT Note Butt PUMP – https://x.com/Guns_com/status/2045565654690922951 [PTR] The Jack PTR's The Jack is a pump action 12 gauge shotgun offered in SBS or AOW format, based on a cutdown Mossberg Maverick 88. It features a 7-inch barrel and includes a sidesaddle shell carrier. The SBS model comes with both a stock and pistol grip for swapping. [Heckler & Koch] SP7 (Nick) The Heckler & Koch SP7 is a compact, civilian-legal semi-automatic pistol derived from the MP7 personal defense weapon. Chambered in 4.6 × 30 mm, it features a gas-operated rotary bolt system, low recoil, and exceptional accuracy with modern ergonomics including a full-length Picatinny rail and ambidextrous controls. Designed for professional security, tactical use, collectors, and sport shooters where legal. [Active Safety Designs] ARHK (Nick) The ARHK is a fully self-contained drop-in cassette trigger unit built on ARC-Fire technology, designed specifically for HK roller-delayed platforms including MP5, MP5K, and others. It installs directly into factory OEM polymer housings without modifications, featuring a pre-installed ejector and compatibility with all bolt carrier types. The trigger offers a three-position selector: Safe, Semi (standard pull), and Active Reset. [Beecher Tactical] NP-04 Plate Carrier (Nick) The NP-04 Plate Carrier by Beecher Tactical is designed from the ground up for additive manufacturing using fiber reinforced TPU and high strength cordage. It features a modular, user serviceable design with a structural, armor optional cummerbund and a padded liner of lightweight foaming PEBA for sweat wicking. Weight is around 3lbs dry, tested to hold 23lbs total load including plates. [OpenClaw] OpenClaw AI Agent (Savage) OpenClaw is an open-source AI agent platform that runs locally on macOS, Linux, or Windows, integrating with chat apps like WhatsApp, Telegram, and Discord to execute tasks such as managing emails, calendars, and shell commands. It supports various LLMs including Anthropic Claude, OpenAI GPT, and local models via Ollama. The software is free to install via a one-liner script but incurs costs for API usage and hosting hardware. BULLET POINTS SDS Arms Inglis 2035 The Inglis 2035 from SDS Arms is a modernized Hi-Power style pistol featuring a straight slide with lightening cuts, optics-ready configuration with suppressor-height sights, single-slot rail, aggressive serrations, extended beavertail, crisp flat trigger without magazine disconnect, G10 grips with palm swell, large ambidextrous safeties, and 15-round magazine capacity. It incorporates contemporary enhancements like a massive slide stop and magazines that drop free. The design is positioned for personal defense and close quarters, with potential military or police applications. FN PureView Holographic Pistol Sight The FN PureView from FN America is the world's first holographic pistol sight utilizing ImageGuide technology to project a 3 MOA dot that remains aligned with the user's line of sight for reduced distortion and improved accuracy. It features a compact aluminum and titanium construction with a DeltaPoint Pro footprint, automatic brightness adjustment, and motion-sensing auto-on/off. Battery life is 800 hours continuous with a CR2032, and it operates from -40°F to 126°F while being waterproof and fog-resistant. GUN FIGHTS No one stepped into the arena this week. THE AGENCY BRIEF Agency Update Agency Update THE HOOK (COLD OPEN) THE INTEL (THE STORY) Why? The Play-by-Play The Reality Check (Hidden Incentives) Rumors THE 2A ANGLE (LEGAL & IMPACT) The Threat Bruen Test Regulatory Creep THE TALKING POINTS (ON-AIR READY) WLS IS LIFESTYLE Parametric OWB Holster for Handguns using TLR-1 This is a universal parametric 3D-printable OWB holster designed for handguns equipped with Streamlight TLR-1 or Harbor Freight Braun weapon-mounted lights. Retention is based on the light body, allowing customization of dimensions to fit various guns via parametric files, with options for TEK LOK or Safariland mounting patterns and standard or metric hardware. Recommended for printing in PETG, it addresses limited aftermarket holster support for certain firearms. Explaining Bail in the Myrtle Beach Self-Defense Shooting Case On June 12, 2025, Tequarius Barrett, 19, was charged with first-degree assault and battery after allegedly firing a gun in a late-night altercation near North Ocean Boulevard in Myrtle Beach, South Carolina, claiming self-defense under the state's stand-your-ground law. His bond was reduced from $200,000 to $20,000 with strict conditions including GPS monitoring and firearm prohibition, highlighting bail challenges in self-defense cases. A stand-your-ground immunity hearing is set for April 17, 2026. THE ALLEY Pauls Valley High School Shooting Incident: Principal Tackles Armed Intruder On April 8, 2026, 20-year-old Victor Lee Hawkins entered Pauls Valley High School armed with two loaded pistols. One pistol malfunctioned when he attempted to shoot a student, allowing principal Kirk Moore to tackle him despite being shot in the leg. No specific manufacturer, model, or technical details of the firearms are provided. Note Are you ready to do what needs to be done? Prepare yourself today, the body can't go where the mind has never been. https://www.breitbart.com/2nd-amendment/2026/04/14/video-high-school-principal-tackles-wouldbe-mass-shooter/ Not Stated The article describes an incident at Old Dominion University where a pro-ISIS shooter named Mohamed Jalloh opened fire, but no specific manufacturer, model, or technical details about the firearm are provided. Army ROTC cadets, including Cadet Louis Ancheta, subdued the attacker using a pocket-knife, with no details on its make or model. No technical gear matching the required criteria (firearms with manufacturer and model) is explicitly detailed. GOING BALLISTIC Professor Jens Ludwig Pushes Behavioral Training and Public Space Improvements for Gun Violence Reduction (Savage) University of Chicago Professor Jens Ludwig advocates alternatives to uncertain gun control measures, proposing behavioral training programs like ‘Becoming A Man' in Chicago public schools to teach de-escalation of conflicts and urban design changes such as converting empty lots to pocket parks. These interventions target intuitive human thinking patterns (95% of brain activity) and environmental factors in high-violence areas to prevent escalation to gun violence. Detailed in his 2025 book ‘Unforgiving Places: The Unexpected Origins of American Gun Violence,' the approach focuses on low-income U.S. neighborhoods without restricting firearms ownership. GOA Demands Investigation into ATF's Leaking of Personal Information in Silencer Shop Found. v. BATFE (Savage) Gun Owners of America (GOA) is demanding a U.S. Department of Justice Office of the Inspector General investigation after DOJ attorneys representing the ATF publicly disclosed sensitive NFA tax returns and personal details of a GOA member on a court docket without redaction during the Silencer Shop Found. v. BATFE litigation. The filings included unredacted ATF Forms 1 and a declaration detailing the member's firearm collection, with the error repeated even after being alerted. GOA cites potential violations of 26 U.S.C. § 6103 prohibiting public disclosure of such information. Shreveport, Louisiana: Convicted Felon Kills 8 Children in Mass Shooting (Savage) A convicted felon in Shreveport, Louisiana, fatally shot eight children aged 3 to 11 across three homes and injured two adult women on April 19, 2026, before being killed by police after a chase. The perpetrator violated federal law by possessing a firearm due to his prior felony conviction for shooting at a vehicle. The incident has sparked political commentary on gun control, with critics like California Gov. Gavin Newsom blaming the NRA and calling for restrictions. 13 U.S. Senators Demand ATF Stop Enforcing Vacated Biden-Era ‘Pistol Brace' Final Rule (Savage) Thirteen Republican U.S. Senators, led by Sen. Bill Cassidy (R-LA), sent a letter to the ATF on April 15 demanding an end to enforcement of the vacated 2023 ‘Factoring Criteria for Firearms with an Attached Stabilizing Brace' rule, which classified most pistols with stabilizing braces as short-barreled rifles under the National Firearms Act. They urge the ATF to issue an interpretive rule clarifying that braced firearms are not SBRs and to seek a permanent injunction via ongoing litigation by Texas and Gun Owners of America. The rule was vacated by courts in August 2024, but ATF signals intent to continue its legal theory. REVIEWS Review: Brown guy 78 from Iowa Review from Brown guy 78, Solid gun knowledge, Shawn is deeply dove into giving the listeners knowledge, Jeremy is usually sick and snotty, but his knowledge is endless, Nick is the sharpest edge, maybe because he's silent most of the time. Aaron is absent . So yeah, great podcast! (Intentionally left Savage out.. fuck him.) 5 stars! Love this show! Review: Anonymous Coward from Florida PooP Review: Anonymous Coward from OR Hilarious that this guy is offended by Trump's actions where was he when Biden was falling down stairs tripping over chords calling out for a dead person in the crowd. Confused walking down the White House lawn passing the door He's supposed to be entering. Not sure where to go on stage....
Please join Ralf Preusser in conversation with G10 rates and FX trading to discuss positioning and market liquidity. In this podcast Ralf and team will discuss how liquidity and positioning unwinds have contributed to considerable gyrations in FX and rates markets. You may also enjoy listening to the Merrill Perspectives podcast, featuring conversations on the big stories, news and trends affecting your everyday financial life. "Bank of America" and “BofA Securities” are the marketing names for the global banking businesses and global markets businesses (which includes BofA Global Research) of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Securities, trading, research, strategic advisory, and other investment banking and markets activities are performed globally by affiliates of Bank of America Corporation, including, in the United States, BofA Securities, Inc. a registered broker-dealer and Member of FINRA and SIPC, and, in other jurisdictions, by locally registered entities. ©2026 Bank of America Corporation. All rights reserved.
Our updated macro and market forecasts assess the impact on growth and inflation – and the likely central bank response – under both baseline and adverse scenarios for the Middle East conflict. In the latest episode of The Weekly Briefing from Capital Economics, Group Chief Economist Neil Shearing discusses why the more benign scenario would deliver a negative but manageable shock to the global economy, while a more adverse outcome could tip it into outright recession.Also on the show, Deputy Chief UK Economist Ruth Gregory explains why gilts have been the hardest hit among G10 government bonds as tensions have escalated. She explores the sharp shift in expectations for Bank of England policy and the underlying fiscal vulnerabilities fuelling market anxiety – including the risk of a change in government leadership.Read our latest Global Economic Outlook: https://www.capitaleconomics.com/publications/global-economic-outlook/forecasting-through-fog-war-1
Join CloverTac for a deep dive with Blake from Lok Grips! Product manager spills on premium G10 textures, aluminum/brass competition grips, massive SKU expansion, new backstraps/magwells/Omni base pads, AR grip dreams, manufacturing automation, and why custom options beat factory every time. Grip nerd heaven. LOK Grips Website Podcast Powered By Meprolight USA Call In Segment Powered By Nutrithority Save 20% On Your First Order With Code CLOVERTAC ********** Become A YouTube Channel Member Amazon Influencer Store Visit The CloverTac Website Grab You Some Camorado Apparel
Join CloverTac for a deep dive with Blake from Lok Grips! Product manager spills on premium G10 textures, aluminum/brass competition grips, massive SKU expansion, new backstraps/magwells/Omni base pads, AR grip dreams, manufacturing automation, and why custom options beat factory every time. Grip nerd heaven. LOK Grips Website Podcast Powered By Meprolight USA Call In Segment Powered By Nutrithority Save 20% On Your First Order With Code CLOVERTAC ********** Become A YouTube Channel Member Amazon Influencer Store Visit The CloverTac Website Grab You Some Camorado Apparel
Today, a look at the market continuing to radiate confidence that things will turn out well despite the lack of real progress or any new clarity emerging from the war in Iran or Hormuz Strait. The market enthusiasm for memory makers remains hot and key player in that space Micron is reporting after the US close today. We also look at the seven of the G10 central banks up today and tomorrow, with BoJ and ECB particularly in focus for their guidance tomorrow, but with the FOMC up later today. This and much more on today's pod, which is hosted by Saxo Global Head of Macro Strategy John J. Hardy. Links discussed on today's podcast and our Chart of the Day can be found on the John J. Hardy substack (within two to four hours from the time of the podcast release). Read daily in-depth market updates from the Saxo Market Call and the Saxo Strategy Team here. Please reach out to us at marketcall@saxobank.com for feedback and questions. Click here to open an account with Saxo. Intro music by AShamaluevMusic DISCLAIMER This content is marketing material. Trading financial instruments carries risks. Always ensure that you understand these risks before trading. This material does not contain investment advice or an encouragement to invest in a particular manner. Historic performance is not a guarantee of future results. The instrument(s) referenced in this content may be issued by a partner, from whom Saxo Bank A/S receives promotional fees, payment or retrocessions. While Saxo may receive compensation from these partnerships, all content is created with the aim of providing clients with valuable information and options.
This episode of Double Tap is brought to you by: C&G Holsters (Code: WLSISLIFE) Midwest Industries (Code: WLSISLIFE) Blue Alpha Bowers Group (Code: WLS) Otis Technology (Code: WELIKESHOOTING15) Guests: Jon Patton – https://guncon.net – NILES, OH BIG PUBLIC SHOW DAY JUNE 20th, 2026 Industry/VIP Events JUNE 17-20, 2026 Text Dear WLS or Reviews +1 743 500 2171 Public https://welikeshooting.com/titles/ Dear WLS Question from Anonymous Coward from California WINNER People are looking at the ICE shooting all wro6vng. This is not a First Amendment issue. He wasn't peacefully protesting. There is plenty of video showing him actively blocking ICE vehicles before the shooting. That matters. This is also not a Second Amendment issue. He wasn't walking down the street, minding his business, and accidentally flashing a concealed carry gun. He was in direct physical conflict with law enforcement while armed. According to reporting, he had allegedly been “on duty” the week before, tracking ICE, and had been taken to the ground by agents, injuring his ribs. This time, when he went back “on duty,” he brought a gun. I understand why people instinctively hesitate to side with federal law enforcement. I really do. But if we're being honest, this situation demands a clear-eyed assessment—not emotional reflexes or ideological posturing. If the political alignment were reversed—if this were someone at a protest you agreed with—would you still argue the outcome was justified? In this case, my answer is still yes, the individual was at fault, regardless of ideology. As gun owners, we talk constantly about personal responsibility. That responsibility includes knowing what situations you do not escalate, especially when armed. A fight you cannot win is a fight against law enforcement officers when you are carrying a firearm. The moment you insert yourself into a physical confrontation with LEOs while armed, you are the one escalating the situation. Everyone knows this. This is not new. You are not going to win a solo fight against law enforcement. Period. Question from Jaqin Ta'Sox from Connecticut From; Jaqin Ta'Sox: Dear WLS Man. Sorry. The 646 episode got me fired up. In regards to Nick at time stamp 108 minutes. ICE doesn't need warrants to arrest illegal immigrants, because all of the people they are looking for are here illegally and 100% have another type of Law Enforcement Interaction (dwi, domestic violence, etc.) The illegals that don't have other Law Enforcement Interaction are usually collateral arrests, because ICE goes looking for 1 and find 12 together. As far as the US Citizens that interact with ICE, yes they are 99% detained and released upon verification of status. The 1% that are arrested/hurt are the people who escalate the Interaction instead of cooperating, like Jeremy said. Question from Anonymous Coward from California Question for double tap I've noticed that Jeremy is a lot calmer now that Aaron has been gone is that a coincidence or does Aaron just drive him that crazy? Question from Sean's Weight Loss Coach from Pennsylvania Question for Double Tap: With the new Ruger/Marlin 1894 in 10mm and the Taylor's 1873 Winchester clone in 9mm it got me thinking – what changes are needed to handle the rimless cartridges vs the more traditional rimmed cartridges that lever guns of this style are more commonly chambered for? Extractor change on the bolt? Chamber cut to control headspace with the cartridge mouth instead of the rim? Why has it taken this long for traditional lever guns like these to be chambered in rimless cartridges? Most sincerely, Sean's Weight Loss Coach Question from Anonymous Coward from California For double tap This question is mainly for Jeremy since he he sounds like he has the most experience with the XD line from SA. I have an XD.40 what parts should I expect to replace first and how often should I be cleaning it because I've heard mixed opinions on cleaning firearms? Question from LieutenantRand from Michigan LieutenantRand Are power lines higher in Africa? Or are there cases of giraffes being electrocuted? Question from Typicalpnwguy from Washington Dear wls crew, At the end of DT 447 Jeremy said to “go fuck yourself” so I did. Apparently its wrong for me to do so at a customer's house while doing deliveries. Now Im fired, wife left me, my dog found another hooman, and all I have is my pvs14 & mk18 cqbr blaster. Since Jeremy got me fired & divorced can I move in with you and get a job at the range? I promise to shit on Aaron every chance I get. Love, Typicalpnwguy Gun Industry News Taurus 22 TUC The Taurus 22 TUC is a micro-sized .22LR semi-auto pistol featuring a tip-up barrel, polymer frame, DAO trigger, and 10-ounce unloaded weight with 2.5-inch barrel and 10-round capacity. It includes fixed sights with orange front dot, G10 grips, and straight blowback action without extractor or ejector for easy loading. Reliability testing showed minor ammo-specific issues resolvable by chamber maintenance. Bottom Line: Caliber: .22LR; Capacity: 9+1 (10 rounds); Barrel: 2.5 inches; Weight: 10 oz unloaded; Length: 5 inches; Width: 1 inch; Height: 4.35 inches; Polymer frame, G10 grips, stainless steel or black finish; Tip-up barrel, DAO trigger, fixed sights with orange dot, no extractor/ejector, no manual safety Mossberg 590 Bliksem Collaboration with Christian Craighead The Mossberg 590 Bliksem is a limited-edition 12-gauge pump shotgun in ‘other firearm' format, featuring a 14.375-inch heavy-walled barrel, 5+1 capacity, cylinder bore, front bead sight, ambidextrous tang safety, and the proven 590 operating system with twin action bars and steel-to-steel lockup. It includes a Rhodesian Brushstroke camo treatment, FDE AfterShock bird's head grip, FDE corncob forend with leather strap, and an Esstac shotshell card. This model results from a collaboration with former 22 SAS operator Christian Craighead and his Ministry of Defence brand, focusing on distinctive cosmetic branding. The Gist: Announced March 11th, 2026; distribution via dealer-network rollout. Impact: MSRP $728 Bottom Line: 14.375-inch heavy-walled barrel; 5+1 capacity; cylinder bore; front bead sight; ambidextrous tang safety; twin action bars and steel-to-steel lockup; Rhodesian Brushstroke camo; FDE AfterShock bird's head grip; FDE corncob forend with leather strap; Esstac shotshell card. Smith & Wesson Performance Center Equalizer Carry Comp Smith & Wesson has added a compensated version of the Performance Center Equalizer, named the Equalizer Carry Comp, to its Performance Center line. This 9mm carry gun features a top barrel PowerPort to reduce muzzle rise, optics-ready slide, and EZ-style serrations. It includes Ameriglo night sights, an accessory rail, and Performance Center trigger enhancements. Bottom Line: 9mm carry gun; Top barrel PowerPort compensator; Optics-ready slide; EZ-style slide serrations; Ameriglo Trooper front night sight with black U-notch rear; Accessory rail; 10-, 13-, 15-round magazines; Performance Center trigger work0 Elite Survival Systems IWB / Off-Body Concealed Carry Kit Elite Survival Systems has launched the IWB / Off-Body Concealed Carry Kit, a dual-use holster system designed for popular compact pistols including Glock 43X, SIG Sauer P365 XL, SIG Sauer P365 XMacro, Springfield Armory Hellcat, Hellcat Pro, and Smith & Wesson M&P Shield models. The kit features a low-profile holster with secure retention, optics compatibility, and mounting components for carry bags or packs. Announced on March 13, 2026, it emphasizes concealment, comfort, and durability for everyday carry. The Gist: Available now directly from Elite Survival Systems and authorized dealers. Bottom Line: Dual-use IWB and off-body configurations; compatible with Glock 43X, SIG Sauer P365 XL/XMacro, Springfield Hellcat/Hellcat Pro, S&W M&P Shield; low-profile for concealment; secure retention; optics-ready; durable construction with bag/pack mounting. Smith & Wesson Performance Center M&P9 M2.0 Metal TALO Edition Pistols Smith & Wesson has released new TALO-exclusive Performance Center pistols based on the M&P9 M2.0 Metal platform. These 9mm handguns feature threaded and compensated barrels with copper/gold-colored PVD finishes, aluminum frames, lightning cuts, Strike Industries compensators, and optics-ready slides. Designed for competition and professional use, they offer visual and performance upgrades over standard M&P models. The Gist: TALO-exclusive; no specific release date or retailers stated. Bottom Line: 9mm caliber; aluminum frame; threaded/compensated barrel with copper/gold PVD finish; lightning cuts; Strike Industries compensator; optics-ready; M2.0 platform.0 Tasmanian Tiger TT Modular Chest Rig 4xM4 and TT Modular Chest Rig Pack Tasmanian Tiger has expanded its modular load-carrying system with the release of the TT Modular Chest Rig 4xM4, a lightweight chest rig with four fixed rifle magazine pouches and size M SAPI plate compatibility, and the TT Modular Chest Rig Pack, a low-profile backpack offering expandable 12-20 liter storage with hydration compatibility. Both products integrate seamlessly for standalone or combined use and are compatible with existing TT Chest Rig MKII systems via adapters. Constructed from CORDURA 500 den with laser-cut MOLLE, they target military, law enforcement, and SWAT operators. The Gist: Announced March 13, 2026; available through Tasmanian Tiger USA product pages (TT Modular Chest Rig 4xM4: https://tasmaniantigerusa.com/product.php?id=268; TT Modular Chest Rig Pack: https://tasmaniantigerusa.com/product.php?id=269); US distribution by Proforce Equipment, Inc. Impact: TT Modular Chest Rig 4xM4: MSRP $219 (black, olive, coyote), $259 (Multicam); TT Modular Chest Rig Pack: MSRP $219 (black,
Today, we discuss the markets continuing to price forward expectations that Hormuz Strait uncertainty will lift quickly from here, especially when one looks at the very steep backwardation in crude oil futures and US equity market sentiment. As well, we note that the critical signals in energy market pricing are to be found in key refined products more than crude itself. We also look at the eight G10 central banks set to meet this week, why precious metals are under pressure and much more. Today's pod features Saxo Head of Commodity Strategy Ole Hansen and Saxo Global Head of Macro Strategy John J. Hardy. Links discussed on today's podcast and our Chart of the Day can be found on the John J. Hardy substack (within two to four hours from the time of the podcast release). Read daily in-depth market updates from the Saxo Market Call and the Saxo Strategy Team here. Please reach out to us at marketcall@saxobank.com for feedback and questions. Click here to open an account with Saxo. Intro music by AShamaluevMusic DISCLAIMER This content is marketing material. Trading financial instruments carries risks. Always ensure that you understand these risks before trading. This material does not contain investment advice or an encouragement to invest in a particular manner. Historic performance is not a guarantee of future results. The instrument(s) referenced in this content may be issued by a partner, from whom Saxo Bank A/S receives promotional fees, payment or retrocessions. While Saxo may receive compensation from these partnerships, all content is created with the aim of providing clients with valuable information and options.
16/3 Trump appello agli alleati (Cina compresa) per la “Coalizione di Hormuz” per scortare le navi che passano nello stretto. Intervista al Financial Times: “se non aderiranno molto brutto per futuro Nato” e dice che potrebbe posticipare l'incontro con Xi Jinping. L'India ottiene l'ok dalle Guardie per il passaggio delle navi. L'attacco americano su Kharg per ora risparmia infrastrutture energetiche, per l'Iran il target sono adesso gli Emirati. Colpito con un drone l'aeroporto di Dubai che sospende le operazioni. Per Teheran lo stretto è aperto a tutti, tranne Israele, Usa e alleati: ok al passaggio di navi che commerciano petrolio in Yuan. Oggi G7 energia di emergenza, a Bruxelles Consiglio energia e ambiente. IEA primo rilascio scorte (tot. 411,9mln barili) in Asia e Oceania, poi a fine marzo Europa e Americhe. Brent sopra 104, Wti sale. Dollaro e treasury stabile, oro e argento in calo. Bitcoin sfiora 74.000 dollari. Settimana di banche centrali, otto dei Paesi del G10. Futures in verde, mercoledì Fed e trimestrale Micron: attesi tassi fermi focus su conferenza Powell e Dot Plot (previsioni). In Asia, Il Giappone parte con il rilascio di 80mln di barili di petrolio dal scorte strategiche, giovedì BOJ. La Cina conferma il momentum economico: vendite al dettaglio, investimenti sopra le stime. In Europa, giovedì tocca alla Bce. Tassi fermi e nuove proiezioni economiche. Anche per la BOE attesi tassi fermi. Giovedì consiglio europeo per la competitività. Questo episodio è offerto da Scalable. Investire comporta rischi Learn more about your ad choices. Visit megaphone.fm/adchoices
IEA OMR cut its 2026 global oil supply growth forecast by nearly half, stating the Middle East conflict as the largest oil supply disruption ever. USTR Greer said the US is initiating a Section 301 investigation into 16 trading partners, including China, the EU, Mexico, Vietnam, India and Japan, which could lead to responsive actions, including tariffs.European equities hit as Iran conflict continues, while Defence names benefit; Oil prices continue to weigh on US equities.DXY continues to benefit from geopols, JPY bucks the G10 trend and holds onto gains.Fixed income initially softer but coming off worst levels. Crude wanes off best levels after Brent briefly topped above USD 100/bbl, reports suggest that India is in discussions with Iran to secure passage for 20 tankers through Hormuz.Looking ahead, highlights include Canadian Trade Balance (Jan), US Trade Balance (Jan), Initial Jobless Claims, Housing Starts, Atlanta Fed GDP and CBRT Policy Announcement. Speakers include Fed's Bowman. Supply from the US, Earnings from Adobe.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
Our Global Head of FX and EM Strategy James Lord and Global Chief Economist Seth Carpenter discuss what's driving the U.S. policy for the dollar and the outlook for other global currencies.Read more insights from Morgan Stanley.----- Transcript -----James Lord: Welcome to Thoughts on the Market. I'm James Lord, Global Head of FX and EM Strategy at Morgan Stanley. Seth Carpenter: And I'm Seth Carpenter, Morgan Stanley's Global Chief Economist and Head of Macro Research. James Lord: Today we're talking about U.S. currency policy and whether recent news on intervention and nominations to the Fed change anything for the outlook of the dollar. It's Thursday, February 19th at 3pm in London. So it's been an interesting few weeks in currency markets. Plenty of dollar selling going on But then, we got news that Kevin Warsh is going to be nominated to Chair of the Board of Governors. And that sent the dollar back higher, reminding everybody that monetary policy and central bank policy still matter. So, in the aftermath of the dollar-yen rate check, investors started to discuss whether or not the U.S. might be starting to target a weaker currency. Not just be comfortable with a weaker currency, but actually explicitly target a weaker currency, which would presumably be a shift away from the stronger strong dollar policy that Secretary Bessent referenced. So, what is your understanding? What do you think the strong dollar policy actually means? Seth Carpenter: Strong dollar policy, that's a phrase, that's a term; it's a concept that lots of Secretaries of the Treasury have used for a long time. And I specifically point to the Secretary of the Treasury because at least in the recent couple of decades, there has been in standard Washington D.C. approach to things, a strong dichotomy that currency policy is the policy of the Treasury Department, not of the central bank. And that's always been important. I remember when I was working at the Treasury Department, that was still part of the talking points that the secretary used. However, you also hear Secretaries of the Treasury say that exchange rates should be market determined; that that's a key part of it. And with the back and forth between the U.S. and China, for example, there was a lot of discussion: Was the Chinese government adjusting or manipulating the value of their currency? And there was a push that currencies should be market determined. And so, if you think about those two things, at the same time – pushing really hard that the dollar should be strong, pushing really hard that currencies should be market determined – you start to very quickly run into a bit of an intellectual tension. And I think all of that is pretty intentional. What does it mean? It means that there's no single clear definition of strong dollar policy. It's a little bit of the eye of the beholder. It's an acknowledgement that the dollar plays a clear key role in global markets, and it's good for the U.S. for that to happen. That's traditionally been what it means. But it has not meant a specific number relative to any other currency or any basket of currency. It has not meant a specific value based on some sort of long run theoretical fair value. It is always meant to be a very vague, deliberately so, very vague concept. James Lord: So, in that version of what the strong dollar policy means, presumably the sort of ambiguity still leaves space for the Treasury to conduct some kind of intervention in dollar-yen, if they wanted to. And that would still be very much consistent with that definition of the strong dollar policy. I also, in the back of my head, always wonder whether the strong dollar policy has anything to do with the dollar's global role. And the sort of foreign policy power that gives the Treasury in sanctions policy. And other areas where, you know, they can control dollar flows and so on. And that gives the U.S. government some leverage. And that allows them to project strength in foreign policy. Has that anything to do with the traditional versions of the strong policy? Seth Carpenter: Absolutely. I think all of that is part and parcel to it. But it also helps to explain a little bit of why there's never going to be a very crisp, specific numerical definition of what a strong dollar policy is.So, first and foremost, I think the discussion of intervention; I think it is, in lots of ways, consistent, especially if you have that more expansive definition of strong dollar, i.e. the currency that's very important, or most important in global financial markets and in global trade. So, I think in that regard, you could have both the intervention and the strong dollar at the same time. I will add though that the administration has not had a clear, consistent view in this regard, in the following very specific sense. When now Governor Myron was chair of the Council of Economic Advisors, he penned a piece on the Council of Economics website that said that the reserve currency status of the dollar had brought with it some adverse effects on the U.S., and in terms of what happened in terms of trade flows and that sort of thing.So again, this administration has also tried to find ways to increase the nuance about what the currency policy is, and putting forward the idea that too strong of a dollar in the FX sense. In the sense that you and your colleagues in FX markets would think about is a high valuation of the dollar relative to other currencies – could have contributed to these trade deficits that they're trying to push back against. So, I would say we went from the previous broad, perhaps vague definition of strong dollar. And now we're in an even murkier regime where there could be other motivations for changing the value of the dollar. Seth Carpenter: So, James, that's been our view in terms of the Fed, but let me come back to you because there are lots of different forces going on at the same time. The central bank is clearly an important one, but it's only one factor among many. So, if you think about where the dollar is likely to go over the next three months, over the next six months, maybe over the next year, what is it that you and your team are looking for? Where are the questions that you're getting from clients? James Lord: Yeah, so when we came into the start of this year, we did have a bearish view on the dollar. I would say that the drivers of it, we'd split up into two components. The first component was a lot more of the conventional stuff about growth expectations, what we see the Fed doing. And then there was another component to it where – what we defined as risk premia, I suppose. The more unconventional catalysts that can push the dollar around, as we saw, come very much to market attention during the second quarter of last year, when the Liberation Day tariffs were announced and the dollar weakened far in excess of what rate differentials would imply. And so, I would say so far this year, the majority of the dollar move that we've seen, the weakening in the dollar that we've seen, has been driven by that second component. What we've kind of called risk premia. And the conversations that, you know, investors have been having about U.S. policy towards Greenland, and then more recently, the conversations that people have been having around FX intervention following the dollar-yen rate check. These sorts of things have been really driving the currency up until , when the Kevin Warsh nomination was announced. When we look at the extent of the risk premia that we see in the dollar now, it is pretty close to the levels that we saw in the second quarter of last year, which is to say it's pretty big. Euro dollar would probably be closer to 1-10, if we were just thinking about the impact of rate differentials and none of this risk premia stuff over the past year had materialized. That's obviously a very big gap. And I think for now that gap probably isn't going to widen much further, particularly now that market attention is much more focused on the impact that Kevin Warsh will have on markets and the dollar. We also have, you know, the ECB and the Bank of England; , house call for those two central banks is for them to be cutting rates. That could also put some downward pressure on those currencies, relative to the dollar. So all of that is to say for some of the major currencies within the G10 space, like sterling, like euro against the dollar, this probably isn't the time to be pushing a weaker dollar. But I think there are some other currencies which still have some opportunity in the short term, but also over the longer run as well. And that's really in emerging markets. So all of that is to say, I think there is a strong monetary policy anchor for emerging market currencies. This is an asset class that has been under invested in for some time. And we do think that there are more gains there in the short term and over the medium term as well. Seth Carpenter: So on that topic, James, would you then agree? So if I think about some of the EM central banks, think about Banxico, think about the BCB – where the dollar falling in value, their currency gaining in value – that could actually have a couple things go on to allow the central bank, maybe to ease more than they would've otherwise. One, in terms of imported inflation, their currency strengthening on a relative basis probably helps with a bit lower inflation. And secondly, a lot of EM central banks have to worry a bit about defending their currency, especially in a volatile geopolitical time. And you were pointing to sort of lower volatility more broadly. So is this a reinforcing trend perhaps, where if the dollar is coming down a little bit, especially against DM currencies, it allows more external stability for those central banks, allowing them to just focus on their domestic mandates, which could also lead to a further reduction in their domestic rates, which might be good for investors. James Lord: Yeah, I think there's something to that. given the strength of emerging market currencies. There should be, over time, more space for them to ease if the domestic conditions warrant it. But so far we're not really seeing many EM central banks taking advantage of that opportunity. There is a sort of general pattern with a lot of EMs that they're staying pretty conservative and more hawkish than I think what markets have generally been expecting, and that's been supporting their currencies. I think it's interesting to think about what would happen if they're on the flip side. What would happen if they did start to push monetary easing at a faster pace? I'm sure on the days where that happens, the currencies would weaken a little bit. However, if the market backdrop is generally constructive on risk, and investors want to have exposure to EM – then what could ultimately happen is that asset managers will simply buy more bonds as they price in a lower path for central bank policy over time. And that causes more capital inflows. And that sort of overwhelms the knee jerk effect from the more dovish stance of monetary policy on the currency. You get more duration flows coming into the market and that helps their currency. So, yes, if EM central banks push back with more dovish policy, significantly, it could pose some short-term volatility. But assuming we remain a low-vol environment globally, I would use those as buying opportunities. Seth Carpenter: Thanks, James. It's been great being on the show with you. Thank you for inviting me, and I hope to be able to come back and join you at some point in the future if you'll have me. James Lord: Thank you, Seth, for making the time to talk. And to all you listening, thank you for lending us your ears. Let us know what you think of this podcast by leaving us a review. And if you enjoy Thoughts on the Market, tell a friend or colleague about us today.
In this Friday, February 13 editorial, we are joined by Marc Chandler, Managing Partner at Bannockburn Global Forex and Editor of the Marc to Market website. Marc provides a deep dive into a week of market reversals, beginning with the political landscape in Japan and extending to the shifting yield curves across North America and Europe and precious metals volatility. Key Discussion Points The Japanese Election & Yen Squeeze: Marc breaks down the "landslide" victory for the Liberal Democratic Party under Sanae Takaichi and the subsequent massive short-covering rally in the Yen and JGBs that caught the "smart money" off guard. Global Bond Market Rally: Despite strong U.S. jobs data and rumors of China reducing Treasury exposure, yields fell significantly across the US, Canada, and Europe. Marc explains the "buy the rumor, sell the fact" mentality currently driving these markets. Central Bank Divergence: We explore why Australia was the first G10 country to raise rates this year and why the market is now pricing in more aggressive Fed rate cuts than the central bank's own "dot plot" suggests. The Longevity of U.S. Tariffs: Marc discusses the potential for a "softer" global policy heading into the U.S. midterms, the pending Supreme Court ruling on emergency power tariffs, and the declining popularity of trade barriers. The Outlook for Precious Metals: With Gold holding above $5,000 and Silver near $78, Marc analyzes why central bank diversification and industrial demand in electronics continue to provide a solid floor for metals despite recent volatility. Click here to visit Marc's site - Marc To Market - https://www.marctomarket.com/ ---------------------- For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned
Our Global Head of Macro Strategy Matthew Hornbach and Chief U.S. Economist Michael Gapen discuss the path for U.S. interest rates after the nomination of Kevin Warsh for next Fed chair.Read more insights from Morgan Stanley.----- Transcript -----Matthew Hornbach: Welcome to Thoughts on the Market. I'm Matthew Hornbach, Global Head of Macro Strategy. Michael Gapen: And I'm Michael Gapen, Morgan Stanley's Chief U.S. Economist. Matthew Hornbach: Today we'll be talking about the Federal Open Market Committee meeting that occurred last week.It's Thursday, February 5th at 8:30 am in New York.So, Mike, last week we had the first Federal Open Market Committee meeting of 2026. What were your general impressions from the meeting? And how did it compare to what you had thought going in? Michael Gapen: Well, Matt, I think that the main question for markets was how hawkish a hold or how dovish a hold would this be. As you know, it was widely expected the Fed would be on hold. The incoming data had been fairly solid. Inflation wasn't all that concerning, and most of the employment data suggested things had stabilized. So, it was clear they were going to pause. The question was would they pause or would they be on pause, right? And in our view, it was more of a dovish hold. And by that, it suggests to us, or they suggested to us, I should say, that they still have an easing bias and rates should generally move lower over time. So, that really was the key takeaway for me. Would they signal a prolonged pause and perhaps suggest that they might be done with the easing cycle? Or would they say, yes, we've stopped for now, but we still expect to cut rates later? Perhaps when inflation comes down and therefore kind of retain a dovish bias or an easing bias in the policy rate path. So, to me, that was the main takeaway. Matthew Hornbach: Of course, as we all know, there are supposed to be some personnel changes on the committee this year. And Chair Powell was asked several questions to try to get at the future of this committee and what he himself was going to do personally. What was your impression of his response and what were the takeaways from that part of the press conference? Michael Gapen: Well, clearly, he's been reluctant to, say, pre-announce what he may do when his term is chair ends in May. But his term as a governor extends into 2028. So, he has options. He could leave normally that's what happens. But he could also stay and he's never really made his intentions clear on that part. I think for maybe personal or professional reasons. But he has his own; he has his own reasons and, and that's fine. And I do think the recent subpoena by the DOJ has changed the calculus in that. At least my own view is that it makes it more likely that he stays around. It may be easier for him to act in response to that subpoena by being on staff. It's a request for additional information; he needs access to that information. I think you could construct a reasonable scenario under which, ‘Well, I have to see this through, therefore, I may stay around.' But maybe he hasn't come to that conclusion yet. And then stepping back, that just complicates the whole picture in the sense that we now know the administration has put forward Kevin Warsh as the new Fed chair. Will he be replacing the seat that Jay Powell currently sits in? Will he be replacing the seat that Stephen Myron is sitting in? So yes, we have a new name being put forward, but it's not exactly clear where that slot will be; and what the composition of the committee will look like. Matthew Hornbach: Well, you beat me to the punch on mentioning Kevin Warsh… Michael Gapen: I kind of assumed that's where you were going. Matthew Hornbach: It was going to be my next question. I'm curious as to what you think that means for Fed policy later this year, if anything. And what it might mean more medium term? Michael Gapen: Yeah. Well, first of all, congratulations to Mr. Warsh on the appointment. In terms of what we think it means for the outlook for the Fed's reaction function and interest rate policy, we doubt that there will be a material change in the Fed's reaction function. His previous public remarks don't suggest his views on interest rate policy are substantively outside the mainstream, or at least certainly the collective that's already in the FOMC. Some people would prefer not to ease. The majority of the committee still sees a couple more rate cuts ahead of them. Warsh is generally aligned with that, given his public remarks. But then also all the reserve bank presidents have been renominated. There's an ongoing Supreme Court case about the ability of the administration to fire Lisa Cook. If that is not successful, then Kevin Warsh will arrive in an FOMC where there's 16 other people who all get a say. So, the chair's primary responsibility is to build a consensus; to herd the cats, so to speak. To communicate to markets and communicate to the public. So, if Mr. Warsh wanted to deviate substantially from where the committee was, he would have to build a consensus to do that. So, we think, at least in the near term, the reaction function won't change. It'll be driven by the data, whether the labor market holds up, whether inflation, decelerates as expected. So, we don't look for material change. Now you also asked about the medium term. I do think where his views differ, at least with respect to current Fed policy is on the size of the Fed's balance sheet and its footprint in financial markets. So, he has argued over time for a much smaller balance sheet. He's called the Fed's balance sheet bloated. He has said that it creates distortions in markets, which mean interest rates could be higher than they otherwise would be. And so, I think if there is a substantive change in Fed policy going forward, it could be there on the balance sheet. But what I would just say on that is it'll likely take a lot of coordination with Treasury. It will likely take changes in rules, regulations, the supervisory landscape. Because if you want to reduce the balance sheet further without creating volatility in financial markets, you have to find a way to reduce bank demand for it. So, this will take time, it'll take study, it'll take patience. I wouldn't look for big material changes right out of the box. So Matt, what I'd like to do is, if I could flip it back to you, Warsh was certainly one of the expected candidates, right? So, his name is not a surprise. But as we knew financial markets, one day we're thinking it'd be one candidate. The next day it'd be thinking at the next it was somebody else. How did you see markets reacting to the announcement of Mr. Warsh? For the next Fed share, and then maybe put that in context of where markets were coming out of the last FOMC meeting. Matthew Hornbach: Yeah, so the markets that moved the most were not the traditional, very large macro markets like the interest rate marketplace or the foreign exchange market. The markets that moved the most were the prediction markets. These newer markets that offer investors the ability to wager on different outcomes for a whole variety of events around the world. But when it comes to the implications of a Kevin Warsh led Fed – for the bigger macro markets like interest rates and currencies, the question really comes down to how? If the Fed's balance sheet policies are going to take a while to implement, those are not going to have an immediate effect, at least not an effect that is easily seen with the human eye. But it's other types of policy change in terms of his communication policy, for example. One of the points that you raised in your recent note, Mike, was how Kevin Warsh favored less communication than perhaps some of the recent, Federal Open Market Committees had with the public. And so, if there is some kind of a retrenchment from the type of over-communication to the marketplace, from either committee members or non-voters that could create a bit more volatility in the marketplace. Of course, the Fed has been one of the central banks that does not like to surprise the markets in terms of its monetary policy making. And so, that contrasts with other central banks in the G10. For example, the Swiss National Bank tends to surprise quite a lot. The Reserve Bank of Australia tends to surprise markets. More often, certainly than the Fed does. So, to the extent that there's some change in communication strategy going forward that could lead to more volatile interest rate in currency markets. And that then could cause investors to demand more risk premium to invest in those markets. If you previously were comfortable owning a longer duration Treasury security because you felt very comfortable with the future path of Fed policy, then a Kevin Warsh led Fed – if it decides to change the communication strategy – could naturally lead investors to demand more risk premium in their investments. And that, of course, would lead to a steeper U.S. Treasury curve, all else equal. So that would be one of the main effects that I could see happen in markets as a result of some potential changes that the Fed may consider going forward. So, Mike, with that said, this was the first FOMC meeting of the year, and the next meeting arrives in March. I guess we'll just have to wait between now and then to see if the Fed is on hold for a longer period of time or whether or not the data convinced them to move as soon as the March meeting. Thanks for taking time to talk, Mike. Michael Gapen: Great speaking with you, Matt. Matthew Hornbach: And thanks for listening. If you enjoy Thoughts on the Market, please leave us a review wherever you listen and share the podcast with a friend or colleague today.
US President Trump says he will announce his Fed pick on Friday. Reports suggest the administration is leaning towards Warsh.DXY gained amid the Warsh speculation, to the detriment of G10 peers. USTs under pressure following this.Apple shares ended the extended US session flat, having initially risen after profit and revenue beat, driven by exceptionally strong iPhone demand.European futures point to a firmer open, US futures hit by the potential Warsh appointment.Crude benchmarks gave back some of Thursday's strength, precious metals were also on the backfoot.Looking ahead, highlights include Spanish/German/Italian GDP Flash (Q4), German Import Prices (Dec), Unemployment (Jan), Prelim. HICP (Jan), Spanish Prelim. CPI (Jan), EZ GDP Flash Prelim. (Q4), Canadian GDP (Dec), US PPI (Dec), Speakers including Fed's Musalem, Bowman, Miran & Riksbank's Jansson. Earnings from SoFi, American Express, Verizon, Chevron, Exxon & Colgate.Click for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
Welcome to this episode of The New Warehouse Podcast, where Kevin chats with Mark Becker, President, CEO, and co-founder of G10 Fulfillment. Becker shares how G10 has evolved from an early Amazon distributor into a national 3PL built around flexibility, technology control, and practical automation. With warehouses strategically placed across the U.S., G10 supports both direct-to-consumer and complex B2B fulfillment, including hazmat and oversized items like zero-turn lawnmowers.The conversation explores why flexibility matters more than rigid efficiency models, how owning the tech stack enables faster pivots, and what real-world robotics adoption looks like on the warehouse floor. Becker also offers a grounded look at AI's role in fulfillment, separating hype from practical gains as the industry heads into 2026.Find more information about our sponsors here: Peak Technologies, Masterplan Communications, TGW Logistics, YMX Logistics Follow us on LinkedIn and YouTube.Support the show
The 2026 dollar bear view is at the mercy of confirmed Fed dovishness, with the different stages of respective G10 monetary policy cycles likely to shape currency performances this year. If this is your central working assumption, then the case for dollar-yen downside becomes more compelling again, as does our Australian dollar bullish bias. In this episode of FX Moment, Bloomberg Intelligence Chief FX Strategist Audrey Childe-Freeman and Brown Brothers Harriman Global Head of Markets Strategy Elias Haddad discuss their currency views for 2026, focusing on the key drivers and strongest G10 FX convictions. Haddad confirms a dollar-yen bearish case, while Childe-Freeman believes that the bullish Aussie view from 4Q25 can extend this year.
Knife designer and artist Paul Munko returns to The Knife Junkie Podcast to discuss his growing body of work, the inspiration behind his most popular designs, and what the future holds for Munko Knife Designs. Paul started his knife-designing career with the 2022 blockbuster hit, the Kizer Comet, an Art Deco-inspired modern gentleman folder. His third production knife, the Mystic, quickly became a fan favorite and Bob's favorite folder of 2023.The Mystic draws inspiration from New England whaling culture and specifically the town of Mystic, Connecticut. When Paul visited Mystic Seaport as a young person, the old harpoon guns on display in this preserved whaling museum captivated him. Those harpoons directly influenced the blade shape and handle design of the knife. The Rex 45 steel develops a beautiful patina over time, adding to the historical aesthetic and making each knife unique to its owner. It remains one of Paul's largest blade designs to date.Paul also discusses his recent collaboration with Kansept on the Quasar, which features a crossbar lock and hole-opening mechanism. This knife launched with eight different configurations, from high-end Timascus scales to budget-friendly G10 versions, even including a unique Glow Fat Carbon option that actually glows in the dark. The variety allowed collectors at different price points to own the design.As a multi-faceted artist who works in graphic design, music, and visual arts through his company Colorful Filth Graphic Design, Paul brings a unique perspective to knife design. He has collaborated with companies like Northern Knives and designer Jonathan Styles while maintaining knife design as a passion project alongside his full-time work.His signature design philosophy involves creating blades that look almost too big for the handle when open, creating a visual impact that sets his work apart.Looking ahead, Paul has clear goals for Munko Knife Designs. Eventually, he wants to launch an OEM project under his own brand, though he is thoughtful about the responsibilities that come with that step. He promises that when he does make that move, it will be something special for the collectors who have supported him from the start. With nine production designs currently on the market, Paul Munko is a designer worth following.Find Paul Munko online at https://www.colorfulfilth.com, on Facebook at https://facebook.com/ColorfulFilth, and on Instagram at https://www.instagram.com/colorfulfilth and https://www.instagram.com/paulmunko.Listen to the full episode at https://www.theknifejunkie.com/648.Be sure to support The Knife Junkie and get in on the perks of being a patron, including early access to the podcast and exclusive bonus content. Visit https://www.theknifejunkie.com/patreon for details. You can also support The Knife Junkie channel with your next knife purchase. Find our affiliate links at https://theknifejunkie.com/knives.Let us know what you thought about this episode and leave a rating and/or a review. Your feedback is appreciated. You can also email theknifejunkie@gmail.com with any comments, feedback, or suggestions.To watch or listen to past episodes of the podcast, visit https://theknifejunkie.com/listen. And for professional podcast hosting, use our podcast platform of choice: https://theknifejunkie.com/podhost.
Original Release Date: December 3, 2025Our Global Head of Fixed Income Research and Public Policy Strategy Michael Zezas and Chief Global Cross-Asset Strategist Serena Tang address themes that are key for markets next year.Read more insights from Morgan Stanley.----- Transcript -----Michael Zezas: Welcome to Thoughts on the Market. I'm Michael Zezas, Global Head of Fixed Income Research and Public Policy Strategy.Serena Tang: And I'm Serena Tang, Morgan Stanley's Chief Global Cross-Asset Strategist.Michael Zezas: Today we'll be talking about key investor debates coming out of our year ahead outlook.It's Wednesday, December 3rd at 10:30am in New York.So, Serena, it was a couple weeks ago that you led the publication of our cross-asset outlook for 2026. And so, you've been engaging with clients over the past few weeks about our views – where they differ. And it seems there's some common themes, really common questions that come up that represent some important debates within the market.Is that fair?Serena Tang: Yeah, that's very fair. And, by the way, I think those important debates, are from investors globally. So, you have investors in Europe, Asia, Australia, North America, all kind of wanting to understand our views on AI, on equity valuations, on the dollar.Michael Zezas: So, let's start with talking about equity markets a bit. And one of the common questions – and I get it too, even though I don't cover equity markets – is really about how AI is affecting valuations. One of the concerns is that the stock market might be too high, might be overvalued because people have overinvested in anything related to AI. What does the evidence say? How are you addressing that question?Serena Tang: It is interesting you say that because I think when investors talk about equities being too high, of valuations – AI related valuations being very stretched, it's very much about parallels to that 1990s valuation bubble.But the way I approach it is like there are some very important differences from that time period, from valuations back then. First of all, I think companies in major equity indices are higher quality than the past. They operate more efficiently. They deliver strong profitability, and in general pretty solid free cash flow.I think we also need to consider how technology now represents a larger share of the index, which has helped push overall net margins to about 14 percent compared to 8 percent during that 1990s valuation bubble. And you know, when margins are higher, I think paying premium for stocks is more justified.In other words, I think multiples in the U.S. right now look more reasonable after adjusting for profit margins and changes in index composition. But we also have to consider, and this is something that we stress in our outlook, the policy backdrop is unusually favorable, right? Like you have economists expecting the Fed to continue easing rates into next year. We have the One Big Beautiful Bill Act that could lower corporate taxes, and deregulation is continuing to be a priority in the U.S.And I think this combination, you know, monetary easing, fiscal stimulus, deregulation. That combination rarely occurs outside of a recession. And I think this creates an environment that supports valuation, which is by the way why we recommend an overweight position in U.S. equities, even if absolute and relative valuation look elevated.Michael Zezas: Got it. So, if I'm hearing you right, what I think you're saying is that comparisons to some bubbles of the past don't necessarily stack up because profitability is better. There aren't excesses in the system. Monetary policy might be on the path that's more accommodative. And so, when compared against all of that, the valuations actually don't look that bad.Serena Tang: Exactly.Michael Zezas: Got it. And sticking with the equity markets, then another common question is – it's related to AI, but it's sort of around this idea that a small set of companies have really been driving most of the growth in the market recently. And it would be better or healthier if the equity market were to perform across a wider set of companies and names, particularly in mid- and small cap companies. Is that something that we see on the horizon?Serena Tang: Yes. We are expecting U.S. stock earnings to sort of broaden out here and it's one of the reasons why our U.S. equity strategy team has upgraded small caps and now prefer it over large caps. And I think like all of this – it comes from the fact that we are in a new bull market. I think we have a very early cycle earnings recovery here. I mean, as discussed before, the macro environment is supportive. And Fed rate cuts over the next 12 months, growth positive tax and regulatory policies, they don't just support valuations. They also act as a tailwind to earnings.And I think like on top of that, leaner cost structures, improving earnings revisions, AI driven efficiency gains. They all support a broad-based earnings upturn. and our U.S. equity strategy team do see above consensus 2026 earnings growth at 17 percent. The only other region where we have earnings growth above consensus in 2026 is Japan; for both Europe and the EM we are below, which drive out equal weight and slight underweight position in those two indices respectively.Michael Zezas: Got it. And so, since we can't seem to get away from talking about AI and how it's influencing markets, the other common question we get here is around debt issuance related to AI.So, our colleagues put together a report from earlier this year talking about the potential for nearly $3 trillion of AI related CapEx spending over the next few years. And we think about half of that is going to have to be debt financed. That seems to be a lot of debt, a lot of potential bonds that might be issued into the market – which, are credit investors supposed to be concerned about that?Serena Tang: We really can't get away from AI as a topic. And I think this will continue because AI-related CapEx is a long-term trend, with much of the CapEx still really ahead. And I think this goes to your question. Because this really means that we expect nearly another [$]3 trillion of data center related CapEx from here to 2028. You know, while half of the spend will come from operating cash flows of hyperscalers, it still leaves a financing gap of around [$]1.5 trillion, which needs to be sourced through various credit channels.Now, part of it will be via private credit, part of it would be via Asset Backed Securities. But some of it would also be via the U.S. investment grade corporate credit bond space. So, add in financing for faster M&A cycle, we forecast around [$]1 trillion in net investment grade bond issuance, you know, up 60 percent from this year.And I think given this technical backdrop, even though credit fundamentals should stay fine, we have doubled downgraded U.S. investment grade corporate credit to underweight within our cross asset allocation.Michael Zezas: Okay, so the fundamentals are fine, but it's just a lot of debt to consume over the next year. And so somewhat strangely, you might expect high yield corporate bonds actually do better.Serena Tang: Yes, because I think a high yield doesn't really see the same headwind from the technical side of things. And on the fundamentals front, our credit team actually has default rates coming down over the next 12 months, which again, I think supports high yield much better than investment grade.Michael Zezas: So, before we wrap up, moving away from the equity markets, let's talk about foreign exchange. The U.S. dollar spent much of last year weakening, and that's a call that our team was early to – eventually became a consensus call. It was premised on the idea that the U.S. was going to experience growth weakness, that there would also be these questions among investors about the role of the dollar in the world as the U.S. was raising trade barriers. It seemed to work out pretty well.Going into 2026 though, I think there's some more questions amongst our investors about whether or not that trend could continue. Where do we land?Serena Tang: I think in the first half of next year that downward pressure on the dollar should still persist. And you know, as you said, we've had a very differentiated view for most of this year, expecting the dollar to weaken in the first half versus G10 currencies. And several things drive this. There is a potential for higher dollar negative risk premium, driven by, I think, near term worries about the U.S. labor markets in the short term. And as investors, I think, debate the likely composition of the FOMC next year. Also, you know, compression in U.S. versus rest of the world. Rate differentials should reduce FX hedging costs, which also adds incentive for hedging activity and dollar selling.All this means that we see downward pressure on the dollar persisting in the first half of next year with EUR/USD at 123 and USD/JPY at 140 by the end of first half 2026.Michael Zezas: All right. Well, that's a pretty good survey about what clients care about and what our view is. So, Serena, thanks for taking the time to talk with me today.Serena Tang: And thank you for inviting me to the show today.Michael Zezas: And to our audience, thanks for listening. If you enjoy Thoughts on the Market, please leave us a review and share the podcast. We want everyone to listen.
US Coast Guard officials over the weekend tracked two oil tankers in international waters close to Venezuela, marking three tankers within the past week.Russia's Kremlin said changes made by Ukrainians and Europeans to peace proposals did not bring agreements closer or add anything positive, IFAX reported.Israeli PM Netanyahu reportedly plans to brief US President Trump on possible new Iran strikes, according to NBC News.European bourses are broadly unchanged in quiet trade; US equity futures are firmer, with mild outperformance in the NQ.USD is slightly lower vs G10 peers; Antipodeans outperform on strength in metals prices.USTs are slightly lower but with price action contained, awaiting a 2yr auction.WTI and Brent are boosted by rising geopolitical tensions, spot gold surges to ATHs above USD 4.4k/oz.Looking ahead, highlights include Canadian Producer Prices (Nov), and supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
European bourses attempt to move higher after initial pressure, US equity futures trade with modest gains.USD is flat, EUR and NZD manage to hold towards the top of the G10 pile.Global bonds pressured, Bunds hit on hawkish remarks via ECB's Schnabel, who said that she is 'comfortable' on bets that the next move will be a hike, albeit not any time soon.Crude benchmarks retreat despite a lack of drivers, XAU grinds higher and 3M LME Copper benefits after positive Chinese exports data, though Imports disappointed.Looking ahead, highlights include ECB's Cipollone, BoE's Taylor & Lombardelli, Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
Our Global Head of Fixed Income Research and Public Policy Strategy Michael Zezas and Chief Global Cross-Asset Strategist Serena Tang address themes that are key for markets next year.Read more insights from Morgan Stanley.----- Transcript -----Michael Zezas: Welcome to Thoughts on the Market. I'm Michael Zezas, Global Head of Fixed Income Research and Public Policy Strategy.Serena Tang: And I'm Serena Tang, Morgan Stanley's Chief Global Cross-Asset Strategist.Michael Zezas: Today we'll be talking about key investor debates coming out of our year ahead outlook.It's Wednesday, December 3rd at 10:30am in New York. So, Serena, it was a couple weeks ago that you led the publication of our cross-asset outlook for 2026. And so, you've been engaging with clients over the past few weeks about our views – where they differ. And it seems there's some common themes, really common questions that come up that represent some important debates within the market. Is that fair?Serena Tang: Yeah, that's very fair. And, by the way, I think those important debates, are from investors globally. So, you have investors in Europe, Asia, Australia, North America, all kind of wanting to understand our views on AI, on equity valuations, on the dollar.Michael Zezas: So, let's start with talking about equity markets a bit. And one of the common questions – and I get it too, even though I don't cover equity markets – is really about how AI is affecting valuations. One of the concerns is that the stock market might be too high, might be overvalued because people have overinvested in anything related to AI. What does the evidence say? How are you addressing that question? Serena Tang: It is interesting you say that because I think when investors talk about equities being too high, of valuations – AI related valuations being very stretched, it's very much about parallels to that 1990s valuation bubble.But the way I approach it is like there are some very important differences from that time period, from valuations back then. First of all, I think companies in major equity indices are higher quality than the past. They operate more efficiently. They deliver strong profitability, and in general pretty solid free cash flow.I think we also need to consider how technology now represents a larger share of the index, which has helped push overall net margins to about 14 percent compared to 8 percent during that 1990s valuation bubble. And you know, when margins are higher, I think paying premium for stocks is more justified.In other words, I think multiples in the U.S. right now look more reasonable after adjusting for profit margins and changes in index composition. But we also have to consider, and this is something that we stress in our outlook, the policy backdrop is unusually favorable, right? Like you have economists expecting the Fed to continue easing rates into next year. We have the One Big Beautiful Bill Act that could lower corporate taxes, and deregulation is continuing to be a priority in the U.S. And I think this combination, you know, monetary easing, fiscal stimulus, deregulation. That combination rarely occurs outside of a recession. And I think this creates an environment that supports valuation, which is by the way why we recommend an overweight position in U.S. equities, even if absolute and relative valuation look elevated.Michael Zezas: Got it. So, if I'm hearing you right, what I think you're saying is that comparisons to some bubbles of the past don't necessarily stack up because profitability is better. There aren't excesses in the system. Monetary policy might be on the path that's more accommodative. And so, when compared against all of that, the valuations actually don't look that bad.Serena Tang: Exactly.Michael Zezas: Got it. And sticking with the equity markets, then another common question is – it's related to AI, but it's sort of around this idea that a small set of companies have really been driving most of the growth in the market recently. And it would be better or healthier if the equity market were to perform across a wider set of companies and names, particularly in mid- and small cap companies. Is that something that we see on the horizon?Serena Tang: Yes. We are expecting U.S. stock earnings to sort of broaden out here and it's one of the reasons why our U.S. equity strategy team has upgraded small caps and now prefer it over large caps. And I think like all of this – it comes from the fact that we are in a new bull market. I think we have a very early cycle earnings recovery here. I mean, as discussed before, the macro environment is supportive. And Fed rate cuts over the next 12 months, growth positive tax and regulatory policies, they don't just support valuations. They also act as a tailwind to earnings.And I think like on top of that, leaner cost structures, improving earnings revisions, AI driven efficiency gains. They all support a broad-based earnings upturn. and our U.S. equity strategy team do see above consensus 2026 earnings growth at 17 percent. The only other region where we have earnings growth above consensus in 2026 is Japan; for both Europe and the EM we are below, which drive out equal weight and slight underweight position in those two indices respectively.Michael Zezas: Got it. And so, since we can't seem to get away from talking about AI and how it's influencing markets, the other common question we get here is around debt issuance related to AI.So, our colleagues put together a report from earlier this year talking about the potential for nearly $3 trillion of AI related CapEx spending over the next few years. And we think about half of that is going to have to be debt financed. That seems to be a lot of debt, a lot of potential bonds that might be issued into the market – which, are credit investors supposed to be concerned about that?Serena Tang: We really can't get away from AI as a topic. And I think this will continue because AI-related CapEx is a long-term trend, with much of the CapEx still really ahead. And I think this goes to your question. Because this really means that we expect nearly another [$]3 trillion of data center related CapEx from here to 2028. You know, while half of the spend will come from operating cash flows of hyperscalers, it still leaves a financing gap of around [$]1.5 trillion, which needs to be sourced through various credit channels.Now, part of it will be via private credit, part of it would be via Asset Backed Securities. But some of it would also be via the U.S. investment grade corporate credit bond space. So, add in financing for faster M&A cycle, we forecast around [$]1 trillion in net investment grade bond issuance, you know, up 60 percent from this year.And I think given this technical backdrop, even though credit fundamentals should stay fine, we have doubled downgraded U.S. investment grade corporate credit to underweight within our cross asset allocation.Michael Zezas: Okay, so the fundamentals are fine, but it's just a lot of debt to consume over the next year. And so somewhat strangely, you might expect high yield corporate bonds actually do better.Serena Tang: Yes, because I think a high yield doesn't really see the same headwind from the technical side of things. And on the fundamentals front, our credit team actually has default rates coming down over the next 12 months, which again, I think supports high yield much better than investment grade.Michael Zezas: So, before we wrap up, moving away from the equity markets, let's talk about foreign exchange. The U.S. dollar spent much of last year weakening, and that's a call that our team was early to – eventually became a consensus call. It was premised on the idea that the U.S. was going to experience growth weakness, that there would also be these questions among investors about the role of the dollar in the world as the U.S. was raising trade barriers. It seemed to work out pretty well. Going into 2026 though, I think there's some more questions amongst our investors about whether or not that trend could continue. Where do we land?Serena Tang: I think in the first half of next year that downward pressure on the dollar should still persist. And you know, as you said, we've had a very differentiated view for most of this year, expecting the dollar to weaken in the first half versus G10 currencies. And several things drive this. There is a potential for higher dollar negative risk premium, driven by, I think, near term worries about the U.S. labor markets in the short term. And as investors, I think, debate the likely composition of the FOMC next year. Also, you know, compression in U.S. versus rest of the world. Rate differentials should reduce FX hedging costs, which also adds incentive for hedging activity and dollar selling. All this means that we see downward pressure on the dollar persisting in the first half of next year with EUR/USD at 123 and USD/JPY at 140 by the end of first half 2026.Michael Zezas: All right. Well, that's a pretty good survey about what clients care about and what our view is. So, Serena, thanks for taking the time to talk with me today.Serena Tang: And thank you for inviting me to the show today.Michael Zezas: And to our audience, thanks for listening. If you enjoy Thoughts on the Market, please leave us a review and share the podcast. We want everyone to listen.
European bourses are broadly firmer, alongside modest strength across US equity futures; Marvell (+10%) benefits following its upbeat outlook for data-centre growth.DXY is softer and towards the round 99.00 mark as Trump referred to Hassett as the "potential" next Fed Chair, GBP top G10 performer, whilst CHF was briefly pressured post-CPI.Fixed benchmarks firmer but off highs as crude climbs. US yields steeper on Trump's Fed commentary.Crude grinds higher as traders digest the lack of progress from the Putin-Witkoff meeting; XAU trades rangebound; Copper extends to new ATHs.Looking ahead, US Services/Composite PMI Final (Nov), US ISM Services PMI (Nov), ADP National Employment (Nov), Import Prices (Sep), Industrial Production (Sep), NBP Policy Announcement, Speakers including BoE's Mann, ECB's Lagarde, Earnings from Salesforce, Snowflake, Dollar Tree.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
Welcome to the Firearms Insider Gun & Gear Review Podcast episode 603. This episode is brought to you by Primary Arms, Walker Defense, XS Sights, and VZ Grips. In this show we will be giving out the best Christmas gift ideas As you may know, we showcase guns, gear, and anything else you might be interested in. We do our best to evaluate products from an unbiased and honest perspective. I'm Chad Wallace, host of the most dedicated firearms podcast around With me tonight are: Tony, Rob, Rusty, Dave Sponsor #1: Primary Arms Primary Arms seeks to provide the best shopping experience for everything firearms. They have a smorgasbord of products from your favorite manufacturers, including a complete selection of rifles, handguns, firearm parts, ammunition, and shooting gear. Are you also looking for optics that deliver unbeatable quality without breaking the bank? Primary Arms Optics has you covered with everything from inexpensive red dots, to top tier magnified optics. Everything Primary Arms carries comes with a commitment to superior service, quality products, and an expert support team. Our Primary Arms product of the week is - Primary Arms SLx MD-25 Red Dot Find everything you need by heading over to PrimaryArms.com What we did in Firearms: Announcements: Bandwidth sponsor Patriot Patch Co. And their Patch of the Month Club! T-shirts are available through our FRN site, or click the “Merch” tab on Firearmsinsider.tv AFFILIATES / DISCOUNTS: Walker Defense Research - enter “INSIDER15” for 15% off XS Sights - “GGR20” for 20% off Primary Arms VZ Grips - “GUNSANDGEAR15” for 15% off handgun and rifle grips Brownells Gun Guys Garage discount code - “FRN15OFF” LA Police Gear Atibal Optics - enter “FIREARMSINSIDER20” for 20% off 5.11 Tactical PowerTac Lights - enter “GGR” for a real good discount JSD Supply Modern Spartan Systems - “GGR15” for 15% off Rough Cut Holsters - “firearmsinsider” for 20% off Global Ordnance Infinite Defense (Infinity Targets) - “PEW15” for 15% off Guns.com Magpul Palmetto State Armory Unique ARs - “GunGearReview” for 10% off CobraTec Knives - “GGR10” for 10% off Nutrient Survival - “GGR10” for 10% off Gideon Optics - “GGR” or “INSIDER” for 10% off Lone Wolf Arms US Optics - “INSIDER15” for 15% off Camorado - “FIREARMSINSIDER” for 5% off Optics Planet Midway USA Strike Industries North Forest Arms - “GGR” for 10% off Kini SafeAlert - “GGR” for 20% off FoxTrot Mike - “GGR” for 10% off XTech Tactical - “GGR10” for 10% off Die Free Co ZeroTech Optics - “GGR” for 20% off ROB - Disclaimer The views and opinions expressed in this podcast are those of the individual co-hosts and do not reflect the official policy or position of the Firearms Radio Network and/or their employers. This is NOT legal advice, nor should it be considered as such. Viewer discretion is advised. This is especially true on live shows. Main Topic is sponsored by: XS Sights For over 25 years, XS Sights has helped you get on target faster. Offering tritium sights in all different types and styles, low light is no longer an obstacle. Most options come with a brightly colored photoluminescent ring around the tritium. That colored ring makes them work great in the daylight also. XS Sights has sight styles for everyone: Big Dot's, Ghost Rings, Standard Notch and Post, Minimalist, Suppressor Height, all offering tritium options. Available for a plethora of firearms types, from shotguns to handguns, XS sights has you covered for all your low light sighting needs. Our XS Sights Product of the week is - XS Sights Hawaiian Shirt, purchase a size larger than you wear Use Code “GGR20” for 20% off of almost everything at xssights.com Main Topic: Product Review Chad - Gritr Range Bag a great gift idea and 25% off for black friday Gear Guide: Chad: Brave Castle Slang - https://www.bravecastle.com/shop/p/slang Goliath Defense holsters - https://goliathdefense.com/collections/all-holsters Global Ordnance Monolith - https://alnk.to/44YNAa2 Drill Index Cards - https://drillindex.net/products/the-original-drill-index Rob: Glock Holiday UGLY Sweater ($33.75) https://store.glock.us/glock-holiday-pullover Wheeler Professional Scope Reticle Leveling System ($42.59) https://www.wheelertools.com/scope-mounting/mounting-tools/professional-reticle-leveling-system/119050.html#start=1 5.11® Men's Regular Fit Stretch APEX® Cargo Pant ($100.00) https://511.pxf.io/PO30Gj Vortex Pro Torque Wrench ($154.99) https://vortexoptics.com/pro-torque-wrench.html Sponsor #3: VZ Grips VZ Grips has been manufacturing handgun grips since 2003. With a reputation for quality, consistency & innovation, top tier manufacturers choose VZ grips. They come in a variety of styles, patterns, colors, and are manufactured from proprietary G10, Micarta, Carbon fiber, or polymer. Available with varying degrees of texture, VZ offers a wide range of grips for all different firearm types. Made in the USA, VZ gives you the grip you can count on. Featured Grip of the week - Bottle Opener Tool Coupon code “GUNSANDGEAR15” gets 15% off handgun and rifle grips at vzgrips.com Tony: CIVIVI Mini Praxis Flipper Knife $29.75- https://www.civivi.com/products/civivi-mini-praxis-c18026c-2?srsltid=AfmBOorUQBync1U6IM5G5jlLnOZC8MnH_ZBZK0uBbz28h1oNqxT5cRCU RUSH® 72 2.0 Everyday Carry Bundle $243.20 - 511.pxf.io/JKErP2 Brownells BRN-16A2 20” upper $799 https://www.brownells.com/gun-parts/rifle-parts/rifle-receivers-parts/brn16a2-5.56-20-complete-upper-receiver/ Military Armament Corp MAC 2 Agency Tradesman 12 Gauge Semi-Auto Shotgun $957.99 - https://alnk.to/esZwwIj Rusty: Wheeler Space saver tool set - https://www.wheelertools.com/promo/the-gun-collective/36-piece-spacesaver-screwdriver-set/4001005.html Propane torch flame thrower grill gun - https://amzn.to/48wpI8K Howa M1500 Mini Action Bolt Action Rifle With Scope 6mm ARC - https://alnk.to/eOP2903 Hoppe's Black Univeral (not Tony's) - https://www.hoppes.com/cleaning-kits/kits-for-long-guns/hoppes-black-universal/2211922.html Witt Machine Suppressor (Any of them) https://wittmachine.net/ Dave: B&T GHM9 PDW stock - https://bt-parts.com/bt-20506-b-t-stock-telescopic-for-ghm9-45/ Five Star Poncho - https://fivestaralterations.com/products/fivestarwoolponcho?variant=44668685582393 PRIMALOFT® INSULATED HAND WARMER - https://511.pxf.io/MA6XeM TNTE M-16A4 Dissipator - https://www.tntesales.com/m-16a4-16-1-7-cl-dissipator-upper-w-mi-free-float-quad-rail/?searchid=588293&search_query=Diss Honorable mention: Ammo & Mags Sponsor #4: Walker Defense Research Walker Defense provides shooters with the finest, most innovative, quality, tactical accessories and firearm components around. From their NILE grip panels to their NERO muzzle brakes, no details are ever left behind. Only top quality materials are used in the manufacturing process. Together, all of this gives you some of the best firearm performance around. Everything they have to offer is proudly made in the USA. Walker Defense, where American ingenuity meets bleeding edge technology. Our Walker Defense Product of the week is - NERO 556 Use code “INSIDER15” FOR 15% OFF everything at walkerdr.com Listener Feedback None 2nd is for Everyone Diversity Shoot Events simonsaystrain on instagram 2nd is for Everyone Facebook 2A4E Web Page Wrap up: Send questions, comments, or feedback to - gungearreview@gmail.com Remember to Subscribe and Leave us an iTunes Review Be sure to visit the Firearms Insider at www.firearmsinsider.tv Check us out on Facebook, X, and InstaGram @firearmsinsider Subscribe to our Rumble channel Please check out all our great sponsors Thank you for listening to the “LARGEST”, pound for pound, podcast on the network We are out
Welcome to the Firearms Insider Gun & Gear Review Podcast episode 602. This episode is brought to you by Primary Arms, Walker Defense, XS Sights, and VZ Grips. In this show we have a bullpup 22 review, we talk about new Prairies, Guardians, Claymore's, and more DS 1911's As you may know, we showcase guns, gear, and anything else you might be interested in. We do our best to evaluate products from an unbiased and honest perspective. I'm Chad Wallace, host of the most dedicated firearms podcast around With me tonight are: Tony, Rob, Rusty Sponsor #1: XS Sights For over 25 years, XS Sights has helped you get on target faster. Offering tritium sights in all different types and styles, low light is no longer an obstacle. Most options come with a brightly colored photoluminescent ring around the tritium. That colored ring makes them work great in the daylight also. XS Sights has sight styles for everyone: Big Dot's, Ghost Rings, Standard Notch and Post, Minimalist, Suppressor Height, all offering tritium options. Available for a plethora of firearms types, from shotguns to handguns, XS sights has you covered for all your low light sighting needs. Our XS Sights Product of the week is - Colt Python Minimalist night sights Use Code “GGR20” for 20% off of almost everything at xssights.com What we did in Firearms: Announcements: Bandwidth sponsor Patriot Patch Co. And their Patch of the Month Club! T-shirts are available through our FRN site, or click the “Merch” tab on Firearmsinsider.tv AFFILIATES / DISCOUNTS: Walker Defense Research - enter “INSIDER15” for 15% off XS Sights - “GGR20” for 20% off Primary Arms VZ Grips - “GUNSANDGEAR15” for 15% off handgun and rifle grips Brownells Gun Guys Garage discount code - “FRN15OFF” LA Police Gear Atibal Optics - enter “FIREARMSINSIDER20” for 20% off 5.11 Tactical PowerTac Lights - enter “GGR” for a real good discount JSD Supply Modern Spartan Systems - “GGR15” for 15% off Rough Cut Holsters - “firearmsinsider” for 20% off Global Ordnance Infinite Defense (Infinity Targets) - “PEW15” for 15% off Guns.com Magpul Palmetto State Armory Unique ARs - “GunGearReview” for 10% off CobraTec Knives - “GGR10” for 10% off Nutrient Survival - “GGR10” for 10% off Gideon Optics - “GGR” or “INSIDER” for 10% off Lone Wolf Arms US Optics - “INSIDER15” for 15% off Camorado - “FIREARMSINSIDER” for 5% off Optics Planet Midway USA Strike Industries North Forest Arms - “GGR” for 10% off Kini SafeAlert - “GGR” for 20% off FoxTrot Mike - “GGR” for 10% off XTech Tactical - “GGR10” for 10% off Die Free Co ROB - Disclaimer The views and opinions expressed in this podcast are those of the individual co-hosts and do not reflect the official policy or position of the Firearms Radio Network and/or their employers. This is NOT legal advice, nor should it be considered as such. Viewer discretion is advised. This is especially true on live shows. Main Topic is sponsored by: VZ Grips VZ Grips has been manufacturing handgun grips since 2003. With a reputation for quality, consistency & innovation, top tier manufacturers choose VZ grips. They come in a variety of styles, patterns, colors, and are manufactured from proprietary G10, Micarta, Carbon fiber, or polymer. Available with varying degrees of texture, VZ offers a wide range of grips for all different firearm types. Made in the USA, VZ gives you the grip you can count on. Featured Grip of the week - 1911 VZ Fallout Coupon code “GUNSANDGEAR15” gets 15% off handgun and rifle grips at vzgrips.com Main Topic: Product Review Chad - SRU Sruna-22 bullpup Product Spotlight and Discussion: Ruger American Gen 2 Prairie MSRP - $729.00 Gideon Guardian 1–6×24 SFP MSRP - $339.99 code GGR for 10% off Sponsor #3: Walker Defense Research Walker Defense provides shooters with the finest, most innovative, quality, tactical accessories and firearm components around. From their NILE grip panels to their NERO muzzle brakes, no details are ever left behind. Only top quality materials are used in the manufacturing process. Together, all of this gives you some of the best firearm performance around. Everything they have to offer is proudly made in the USA. Walker Defense, where American ingenuity meets bleeding edge technology. Our Walker Defense Product of the week is - Titanium BCG Use code “INSIDER15” FOR 15% OFF everything at walkerdr.com VKTR Industries VKP DS 1911 MSRP - $3999.99 CobraTec Claymore MSRP - $139.99 code GGR10 for 10% off Sponsor #4: Primary Arms Primary Arms seeks to provide the best shopping experience for everything firearms. They have a smorgasbord of products from your favorite manufacturers, including a complete selection of rifles, handguns, firearm parts, ammunition, and shooting gear. Are you also looking for optics that deliver unbeatable quality without breaking the bank? Primary Arms Optics has you covered with everything from inexpensive red dots, to top tier magnified optics. Everything Primary Arms carries comes with a commitment to superior service, quality products, and an expert support team. Our Primary Arms product of the week is - Primary Arms GLx 1x MicroPrism with Green Illuminated ACSS Cyclops Reticle Find everything you need by heading over to PrimaryArms.com Next week: Christmas gift guide Listener Feedback None 2nd is for Everyone Diversity Shoot Events simonsaystrain on instagram 2nd is for Everyone Facebook 2A4E Web Page Wrap up: Send questions, comments, or feedback to - gungearreview@gmail.com Remember to Subscribe and Leave us an iTunes Review Be sure to visit the Firearms Insider at www.firearmsinsider.tv Check us out on Facebook, X, and InstaGram @firearmsinsider Subscribe to our Rumble channel Please check out all our great sponsors Thank you for listening to the “LARGEST”, pound for pound, podcast on the network We are out
Welcome to the Firearms Insider Gun & Gear Review Podcast episode 601. This episode is brought to you by Primary Arms, Walker Defense, XS Sights, and VZ Grips. In this show we have a red dot review. We also talk about the hellcat 380, a digi-vault, Tactical comps, and a bi-pod As you may know, we showcase guns, gear, and anything else you might be interested in. We do our best to evaluate products from an unbiased and honest perspective. I'm Chad Wallace, host of the best firearms review podcast around With me tonight are: Tony, Rob Sponsor #1: VZ Grips VZ Grips has been manufacturing handgun grips since 2003. With a reputation for quality, consistency & innovation, top tier manufacturers choose VZ grips. They come in a variety of styles, patterns, colors, and are manufactured from proprietary G10, Micarta, Carbon fiber, or polymer. Available with varying degrees of texture, VZ offers a wide range of grips for all different firearm types. Made in the USA, VZ gives you the grip you can count on. Featured Grip of the week - VZ Operator II for Sharps Bros RXM Coupon code “GUNSANDGEAR15” gets 15% off handgun and rifle grips at vzgrips.com What we did in Firearms: Announcements: Bandwidth sponsor Patriot Patch Co. And their Patch of the Month Club! T-shirts are available through our FRN site, or click the “Merch” tab on Firearmsinsider.tv AFFILIATES / DISCOUNTS: Walker Defense Research - enter “INSIDER15” for 15% off XS Sights - “GGR20” for 20% off Primary Arms VZ Grips - “GUNSANDGEAR15” for 15% off handgun and rifle grips Brownells Gun Guys Garage discount code - “FRN15OFF” LA Police Gear Atibal Optics - enter “FIREARMSINSIDER20” for 20% off 5.11 Tactical PowerTac Lights - enter “GGR” for a real good discount JSD Supply Modern Spartan Systems - “GGR15” for 15% off Rough Cut Holsters - “firearmsinsider” for 20% off Global Ordnance Infinite Defense (Infinity Targets) - “PEW15” for 15% off Guns.com Magpul Palmetto State Armory Unique ARs - “GunGearReview” for 10% off CobraTec Knives - “GGR10” for 10% off Nutrient Survival - “GGR10” for 10% off Gideon Optics - “GGR” or “INSIDER” for 10% off Lone Wolf Arms US Optics - “INSIDER15” for 15% off Camorado - “FIREARMSINSIDER” for 5% off Optics Planet Midway USA Strike Industries North Forest Arms - “GGR” for 10% off Kini SafeAlert - “GGR” for 20% off FoxTrot Mike - “GGR” for 10% off XTech Tactical - “GGR10” for 10% off Die Free Co ROB - Disclaimer The views and opinions expressed in this podcast are those of the individual co-hosts and do not reflect the official policy or position of the Firearms Radio Network and/or their employers. This is NOT legal advice, nor should it be considered as such. Viewer discretion is advised. This is especially true on live shows. Main Topic is sponsored by: Walker Defense Research Walker Defense provides shooters with the finest, most innovative, quality, tactical accessories and firearm components around. From their NILE grip panels to their NERO muzzle brakes, no details are ever left behind. Only top quality materials are used in the manufacturing process. Together, all of this gives you some of the best firearm performance around. Everything they have to offer is proudly made in the USA. Walker Defense, where American ingenuity meets bleeding edge technology.
In this episode we get to hear "suitcase stories" from a local friend outside of the XIS community. Audrey's work as a teacher and translator and her involvement with English corners have given her lots of opportunities to interact with and build relationships with foreigners in China and she has some great insights to share. We also get to hear G10 student, Kimi Lee, share a collaborative approach to learning about culture as well as learn the saying, "三人行必有我师“/”When there are 3 people walking together, one of them is bound to be able to teach me something."
This week, our Global FX Strategists discuss whether the hawkish Fed surprise changes the outlook for the dollar, how we're thinking about USD/JPY forecasts after a dovish BoJ meeting, and whether recent political events in Asia moves the needle for G10 & EM FX. Speakers Arindam Sandilya, Global FX Strategy Patrick Locke, Global FX Strategy Junya Tanase, Japan Markets Research This podcast was recorded on 31 October 2025. This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5121407-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2025 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party. It is permissible to use J.P. Morgan Data for internal business purposes only in an AI system or model that protects the confidentiality of J.P. Morgan Data so as to prevent any and all access to or use of such J.P. Morgan Data by any third-party.
Lee Hardman, Senior Currency Analyst, and Jack Greenslade, Deputy Head | UK, Ireland, Swiss and Middle East Corporate Sales, discuss what's next for the yen after it was by far the worst performing G10 currency in October. The pound has also underperformed alongside the yen recently, will this continue ahead of BoE's upcoming policy meeting?
Welcome to the Firearms Insider Gun & Gear Review Podcast episode 598. This episode is brought to you by Primary Arms, Walker Defense, XS Sights, and VZ Grips. In this show we have a piston upper review and we discuss a Beretta-ish revolver, a pocket light, a G19 clone, and a spooky knife As you may know, we showcase guns, gear, and anything else you might be interested in. We do our best to evaluate products from an unbiased and honest perspective. I'm Chad Wallace, host of the most dedicated firearms podcast around With me tonight are: Tony, Rob, Rusty Sponsor #1: XS Sights For over 25 years, XS Sights has helped you get on target faster. Offering tritium sights in all different types and styles, low light is no longer an obstacle. Most options come with a brightly colored photoluminescent ring around the tritium. That colored ring makes them work great in the daylight also. XS Sights has sight styles for everyone: Big Dot's, Ghost Rings, Standard Notch and Post, Minimalist, Suppressor Height, all offering tritium options. Available for a plethora of firearms types, from shotguns to handguns, XS sights has you covered for all your low light sighting needs. Our XS Sights Product of the week is - DXT2 PRO Series Big Dot Night Sights for Glock Use Code “GGR20” for 20% off of almost everything at xssights.com What we did in Firearms: Announcements: Bandwidth sponsor Patriot Patch Co. And their Patch of the Month Club! T-shirts are available through our FRN site, or click the “Merch” tab on Firearmsinsider.tv AFFILIATES / DISCOUNTS: Walker Defense Research - enter “INSIDER15” for 15% off XS Sights - “GGR20” for 20% off Primary Arms VZ Grips - “GGR15” for 15% off handgun and rifle grips Brownells Gun Guys Garage discount code - “FRN15OFF” LA Police Gear Atibal Optics - enter “FIREARMSINSIDER20” for 20% off 5.11 Tactical PowerTac Lights - enter “GGR” for a real good discount JSD Supply Modern Spartan Systems - “GGR15” for 15% off Rough Cut Holsters - “firearmsinsider” for 20% off Global Ordnance Infinite Defense (Infinity Targets) - “PEW15” for 15% off Guns.com Magpul Palmetto State Armory Unique ARs - “GunGearReview” for 10% off CobraTec Knives - “GGR10” for 10% off Nutrient Survival - “GGR10” for 10% off Gideon Optics - “GGR” or “INSIDER” for 10% off Lone Wolf Arms US Optics - “INSIDER15” for 15% off Camorado - “FIREARMSINSIDER” for 5% off Optics Planet Midway USA Strike Industries North Forest Arms - “GGR” for 10% off Kini SafeAlert - “GGR” for 20% off FoxTrot Mike - “GGR” for 10% off XTech Tactical - “GGR10” for 10% off Die Free Co ROB - Disclaimer The views and opinions expressed in this podcast are those of the individual co-hosts and do not reflect the official policy or position of the Firearms Radio Network and/or their employers. This is NOT legal advice, nor should it be considered as such. Viewer discretion is advised. This is especially true on live shows. Main Topic is sponsored by: VZ Grips VZ Grips has been manufacturing handgun grips since 2003. With a reputation for quality, consistency & innovation, top tier manufacturers choose VZ grips. They come in a variety of styles, patterns, colors, and are manufactured from proprietary G10, Micarta, Carbon fiber, or polymer. Available with varying degrees of texture, VZ offers a wide range of grips for all different firearm types. Made in the USA, VZ gives you the grip you can count on. Featured Grip of the week - VZ Hydra AR15 shorty grip Coupon code “GGR15” gets 15% off handgun and rifle grips at vzgrips.com Main Topic: Product Review Chad - VKTR VK-1 Upper Product Spotlight and Discussion: Manurhin MR73 Sport 3" MSRP - $4719.00 AceBeam K1 MSRP - $54.90
Welcome to the Firearms Insider Gun & Gear Review Podcast episode 597. This episode is brought to you by Primary Arms, Walker Defense, XS Sights, and VZ Grips. In this show we will be discussing AK triggers, more 22's, another red dot, and Taurus chassis As you may know, we showcase guns, gear, and anything else you might be interested in. We do our best to evaluate products from an unbiased and honest perspective. I'm Chad Wallace, host of the most dedicated firearms podcast around With me tonight are: Tony, Rob, Rusty Sponsor #1: VZ Grips VZ Grips has been manufacturing handgun grips since 2003. With a reputation for quality, consistency & innovation, top tier manufacturers choose VZ grips. They come in a variety of styles, patterns, colors, and are manufactured from proprietary G10, Micarta, Carbon fiber, or polymer. Available with varying degrees of texture, VZ offers a wide range of grips for all different firearm types. Made in the USA, VZ gives you the grip you can count on. Featured Grip of the week - S&W J-Frame VZ Operator II Coupon code “GGR15” gets 15% off handgun and rifle grips at vzgrips.com What we did in Firearms: Announcements: Bandwidth sponsor Patriot Patch Co. And their Patch of the Month Club! T-shirts are available through our FRN site, or click the “Merch” tab on Firearmsinsider.tv AFFILIATES / DISCOUNTS: Walker Defense Research - enter “INSIDER15” for 15% off XS Sights - “GGR20” for 20% off Primary Arms VZ Grips - “GGR15” for 15% off handgun and rifle grips Brownells Gun Guys Garage discount code - “FRN15OFF” LA Police Gear Atibal Optics - enter “FIREARMSINSIDER20” for 20% off 5.11 Tactical PowerTac Lights - enter “GGR” for a real good discount JSD Supply Modern Spartan Systems - “GGR15” for 15% off Rough Cut Holsters - “firearmsinsider” for 20% off Global Ordnance Infinite Defense (Infinity Targets) - “PEW15” for 15% off Guns.com Magpul Palmetto State Armory Unique ARs - “GunGearReview” for 10% off CobraTec Knives - “GGR10” for 10% off Nutrient Survival - “GGR10” for 10% off Gideon Optics - “GGR” or “INSIDER” for 10% off Lone Wolf Arms US Optics - “INSIDER15” for 15% off Camorado - “FIREARMSINSIDER” for 5% off Optics Planet Midway USA Strike Industries North Forest Arms - “GGR” for 10% off Kini SafeAlert - “GGR” for 20% off FoxTrot Mike - “GGR” for 10% off XTech Tactical - “GGR10” for 10% off Die Free Co ROB - Disclaimer The views and opinions expressed in this podcast are those of the individual co-hosts and do not reflect the official policy or position of the Firearms Radio Network and/or their employers. This is NOT legal advice, nor should it be considered as such. Viewer discretion is advised. This is especially true on live shows. Product Spotlight is sponsored by: Walker Defense Research Walker Defense provides shooters with the finest, most innovative, quality, tactical accessories and firearm components around. From their NILE grip panels to their NERO muzzle brakes, no details are ever left behind. Only top quality materials are used in the manufacturing process. Together, all of this gives you some of the best firearm performance around. Everything they have to offer is proudly made in the USA. Walker Defense, where American ingenuity meets bleeding edge technology. Our Walker Defense Product of the week is - NERO 762 Use code “INSIDER15” FOR 15% OFF everything at walkerdr.com Main Topic: Product Review or Updates on previous reviews None Product Spotlight and Discussion: Geissele AK-X Trigger MSRP - $350.00 Savage RXR22 MSRP - $299.00 Sponsor #3: Primary Arms Primary Arms seeks to provide the best shopping experience for everything firearms. They have a smorgasbord of products from your favorit...
Análise dos jogos Ceará 3×0 Santos e Juventude 1×2 Fortaleza, válidos pela 27ª rodada da Série A do Campeonato Brasileiro. Vem com a turma! Após quase dois meses, deu Vozão no Castelão! Ceará reencontra Vojvoda e, como era de costume, consegue a vitória. Resultado coloca a equipe de volta no G10 da Série A. De […]
Welcome to the Firearms Insider Gun & Gear Review Podcast episode 594. This episode is brought to you by Primary Arms, Walker Defense, XS Sights, and VZ Grips. In this show we have a chassis review. We talk about Dot's, Stingray's, Timber, and Desserts with sprinkles As you may know, we showcase guns, gear, and anything else you might be interested in. We do our best to evaluate products from an unbiased and honest perspective. I'm Chad Wallace, host of the most dedicated firearms podcast around With me tonight are: Tony, Rob, Rusty Sponsor #1: XS Sights For over 25 years, XS Sights has helped you get on target faster. Offering tritium sights in all different types and styles, low light is no longer an obstacle. Most options come with a brightly colored photoluminescent ring around the tritium. That colored ring makes them work great in the daylight also. XS Sights has sight styles for everyone: Big Dot's, Ghost Rings, Standard Notch and Post, Minimalist, Suppressor Height, all offering tritium options. Available for a plethora of firearms types, from shotguns to handguns, XS sights has you covered for all your low light sighting needs. Our XS Sights Product of the week is - Minimalist Night Sights for Colt Python Use Code “GGR20” for 20% off of almost everything at xssights.com What we did in Firearms: Black Collar Priapus grip Announcements: Bandwidth sponsor Patriot Patch Co. And their Patch of the Month Club! T-shirts are available through our FRN site, or click the “Merch” tab on Firearmsinsider.tv AFFILIATES / DISCOUNTS: Walker Defense Research - enter “INSIDER15” for 15% off XS Sights - “GGR20” for 20% off Primary Arms VZ Grips - “GGR15” for 15% off handgun and rifle grips Brownells Gun Guys Garage discount code - “FRN15OFF” LA Police Gear Atibal Optics - enter “FIREARMSINSIDER20” for 20% off 5.11 Tactical PowerTac Lights - enter “GGR” for a real good discount JSD Supply Modern Spartan Systems - “GGR15” for 15% off Rough Cut Holsters - “firearmsinsider” for 20% off Global Ordnance Infinite Defense (Infinity Targets) - “PEW15” for 15% off Guns.com Magpul Palmetto State Armory Unique ARs - “GunGearReview” for 10% off CobraTec Knives - “GGR10” for 10% off Nutrient Survival - “GGR10” for 10% off Gideon Optics - “GGR” or “INSIDER” for 10% off Lone Wolf Arms US Optics - “INSIDER15” for 15% off Camorado - “FIREARMSINSIDER” for 5% off Optics Planet Midway USA Strike Industries North Forest Arms - “GGR” for 10% off Kini SafeAlert - “GGR” for 20% off FoxTrot Mike - “GGR” for 10% off XTech Tactical - “GGR10” for 10% off Die Free Co ROB - Disclaimer The views and opinions expressed in this podcast are those of the individual co-hosts and do not reflect the official policy or position of the Firearms Radio Network and/or their employers. This is NOT legal advice, nor should it be considered as such. Viewer discretion is advised. This is especially true on live shows. Main Topic is sponsored by: VZ Grips VZ Grips has been manufacturing handgun grips since 2003. With a reputation for quality, consistency & innovation, top tier manufacturers choose VZ grips. They come in a variety of styles, patterns, colors, and are manufactured from proprietary G10, Micarta, Carbon fiber, or polymer. Available with varying degrees of texture, VZ offers a wide range of grips for all different firearm types. Made in the USA, VZ gives you the grip you can count on. Featured Grip of the week - VZ FRAG Carry for the Beretta 92XI Coupon code “GGR15” gets 15% off handgun and rifle grips at vzgrips.com Main Topic: Product Review Chad - MDT LSS Gen3 “Tactical” Product Spotlight and Discussion: Dot EHS-1 MSRP - $599.99 Volquartsen Lightweight Stingray MSRP - $1495.00
Following the Fed's decision to cut by 25bp, we discuss why we now expect substantially more rate cuts in 2025-26, and the impact of the appointment of a new Fed chair in coming months. In Europe, we preview the on-hold decisions we expect from both Swiss National Bank and Riksbank next week. In Asia, we put a spotlight on Indonesia. In this episode, we also speak with Yusuke Miyairi, our G10 FX strategist, who explains why he sees USD/JPY lower in the near-term, amid the latest political developments in Japan. Chapters: US: 01:59, Europe: 10:23, Asia: 15:51, Japan: 17:24.
Welcome to the Firearms Insider Gun & Gear Review Podcast episode 593. This episode is brought to you by Primary Arms, Walker Defense, XS Sights, and VZ Grips. In this show I have a FX-9 Review, we talk about the KR22, the RS22, a X-Macro grip, and Deadset's As you may know, we showcase guns, gear, and anything else you might be interested in. We do our best to evaluate products from an unbiased and honest perspective. I'm Chad Wallace, host of the most dedicated firearms podcast around With me tonight are: Tony, Rob Sponsor #1: VZ Grips VZ Grips has been manufacturing handgun grips since 2003. With a reputation for quality, consistency & innovation, top tier manufacturers choose VZ grips. They come in a variety of styles, patterns, colors, and are manufactured from proprietary G10, Micarta, Carbon fiber, or polymer. Available with varying degrees of texture, VZ offers a wide range of grips for all different firearm types. Made in the USA, VZ gives you the grip you can count on. Featured Grip of the week - VZ Stipple Gen 2 AR15 Grip Coupon code “GGR15” gets 15% off handgun and rifle grips at vzgrips.com What we did in Firearms: Announcements: Bandwidth sponsor Patriot Patch Co. And their Patch of the Month Club! T-shirts are available through our FRN site, or click the “Merch” tab on Firearmsinsider.tv AFFILIATES / DISCOUNTS: Walker Defense Research - enter “INSIDER15” for 15% off XS Sights - “GGR20” for 20% off Primary Arms VZ Grips - “GGR15” for 15% off handgun and rifle grips Brownells Gun Guys Garage discount code - “FRN15OFF” LA Police Gear Atibal Optics - enter “FIREARMSINSIDER20” for 20% off 5.11 Tactical PowerTac Lights - enter “GGR” for a real good discount JSD Supply Modern Spartan Systems - “GGR15” for 15% off Rough Cut Holsters - “firearmsinsider” for 20% off Global Ordnance Infinite Defense (Infinity Targets) - “PEW15” for 15% off Guns.com Magpul Palmetto State Armory Unique ARs - “GunGearReview” for 10% off CobraTec Knives - “GGR10” for 10% off Nutrient Survival - “GGR10” for 10% off Gideon Optics - “GGR” or “INSIDER” for 10% off Lone Wolf Arms US Optics - “INSIDER15” for 15% off Camorado - “FIREARMSINSIDER” for 5% off Optics Planet Midway USA Strike Industries North Forest Arms - “GGR” for 10% off Kini SafeAlert - “GGR” for 20% off FoxTrot Mike - “GGR” for 10% off XTech Tactical - “GGR10” for 10% off Die Free Co ROB - Disclaimer The views and opinions expressed in this podcast are those of the individual co-hosts and do not reflect the official policy or position of the Firearms Radio Network and/or their employers. This is NOT legal advice, nor should it be considered as such. Viewer discretion is advised. This is especially true on live shows. Main Topic is sponsored by: Walker Defense Research Walker Defense provides shooters with the finest, most innovative, quality, tactical accessories and firearm components around. From their NILE grip panels to their NERO muzzle brakes, no details are ever left behind. Only top quality materials are used in the manufacturing process. Together, all of this gives you some of the best firearm performance around. Everything they have to offer is proudly made in the USA. Walker Defense, where American ingenuity meets bleeding edge technology. Our Walker Defense Product of the week is - 3 slot FDE NILE grip panels Use code “INSIDER15” FOR 15% OFF everything at walkerdr.com Main Topic: Product Review Chad - N96 Arms FX-9 RP Product Spotlight and Discussion: TriStar KR22 MSRP - $289.00 Tyrant CNC P365 XMacro Grip Module MSRP - $79.95 Sponsor #3: Primary Arms Primary Arms seeks to provide the best shopping experience for everything firearms.
Welcome to the Firearms Insider Gun & Gear Review Podcast episode 590. This episode is brought to you by Primary Arms, Walker Defense, XS Sights, and VZ Grips. In this show we have a little fixed blade review and talk about a Fang, Alpha's, Tango's, and Defenders As you may know, we showcase guns, gear, and anything else you might be interested in. We do our best to evaluate products from an unbiased and honest perspective. I'm Chad Wallace, host of the most dedicated firearms podcast around With me tonight are: Tony, Rob Sponsor #1: XS Sights For over 25 years, XS Sights has helped you get on target faster. Offering tritium sights in all different types and styles, low light is no longer an obstacle. Most options come with a brightly colored photoluminescent ring around the tritium. That colored ring makes them work great in the daylight also. XS Sights has sight styles for everyone: Big Dot's, Ghost Rings, Standard Notch and Post, Minimalist, Suppressor Height, all offering tritium options. Available for a plethora of firearms types, from shotguns to handguns, XS sights has you covered for all your low light sighting needs. Our XS Sights Product of the week is - DXT2 PRO Big Dot Night Sights for Smith and Wesson Use Code “GGR20” for 20% off of almost everything at xssights.com What we did in Firearms: Winner of the XTech giveaway is Eli V. Announcements: Bandwidth sponsor Patriot Patch Co. And their Patch of the Month Club! T-shirts are available through our FRN site, or click the “Merch” tab on Firearmsinsider.tv AFFILIATES / DISCOUNTS: Walker Defense Research - enter “INSIDER15” for 15% off XS Sights - “GGR20” for 20% off Primary Arms VZ Grips - “GGR15” for 15% off handgun and rifle grips Brownells Gun Guys Garage discount code - “FRN15OFF” LA Police Gear Atibal Optics - enter “FIREARMSINSIDER20” for 20% off 5.11 Tactical PowerTac Lights - enter “GGR” for a real good discount JSD Supply Modern Spartan Systems - “GGR15” for 15% off Rough Cut Holsters - “firearmsinsider” for 20% off Global Ordnance Infinite Defense (Infinity Targets) - “PEW15” for 15% off Guns.com Magpul Palmetto State Armory Unique ARs - “GunGearReview” for 10% off CobraTec Knives - “GGR10” for 10% off Nutrient Survival - “GGR10” for 10% off Gideon Optics - “GGR” or “INSIDER” for 10% off Lone Wolf Arms US Optics - “INSIDER15” for 15% off Camorado - “FIREARMSINSIDER” for 5% off Optics Planet Midway USA Strike Industries North Forest Arms - “GGR” for 10% off Kini SafeAlert - “GGR” for 20% off FoxTrot Mike - “GGR” for 10% off XTech Tactical - “GGR10” for 10% off Die Free Co ROB - Disclaimer The views and opinions expressed in this podcast are those of the individual co-hosts and do not reflect the official policy or position of the Firearms Radio Network and/or their employers. This is NOT legal advice, nor should it be considered as such. Viewer discretion is advised. This is especially true on live shows. Main Topic is sponsored by: VZ Grips VZ Grips has been manufacturing handgun grips since 2003. With a reputation for quality, consistency & innovation, top tier manufacturers choose VZ grips. They come in a variety of styles, patterns, colors, and are manufactured from proprietary G10, Micarta, Carbon fiber, or polymer. Available with varying degrees of texture, VZ offers a wide range of grips for all different firearm types. Made in the USA, VZ gives you the grip you can count on. Featured Grip of the week - VZ Operator II for SAR9 Coupon code “GGR15” gets 15% off handgun and rifle grips at vzgrips.com Main Topic: Product Review Chad - Civivi SOKN Product Spotlight and Discussion: Atibal Fang MSRP - $299.99 FIREARMSINSIDER20 for 20% off CZ 600+ Alpha MSRP - $799.
Welcome to the Firearms Insider Gun & Gear Review Podcast episode 589. This episode is brought to you by Primary Arms, Walker Defense, XS Sights, and VZ Grips. In this show we have a Red dot review and we talk about lights, rangefinding bino's, the Shield X, and probably GOALs As you may know, we showcase guns, gear, and anything else you might be interested in. We do our best to evaluate products from an unbiased and honest perspective. I'm Chad Wallace, host of the most dedicated firearms podcast around With me tonight are: Tony, Rob, Rusty Sponsor #1: VZ Grips VZ Grips has been manufacturing handgun grips since 2003. With a reputation for quality, consistency & innovation, top tier manufacturers choose VZ grips. They come in a variety of styles, patterns, colors, and are manufactured from proprietary G10, Micarta, Carbon fiber, or polymer. Available with varying degrees of texture, VZ offers a wide range of grips for all different firearm types. Made in the USA, VZ gives you the grip you can count on. Featured Grip of the week - Kimber K6 VZ Stipple Coupon code “GGR15” gets 15% off handgun and rifle grips at vzgrips.com What we did in Firearms: GOALS XTech giveaway Announcements: Bandwidth sponsor Patriot Patch Co. And their Patch of the Month Club! T-shirts are available through our FRN site, or click the “Merch” tab on Firearmsinsider.tv AFFILIATES / DISCOUNTS: Walker Defense Research - enter “INSIDER15” for 15% off XS Sights - “GGR20” for 20% off Primary Arms VZ Grips - “GGR15” for 15% off handgun and rifle grips Brownells Gun Guys Garage discount code - “FRN15OFF” LA Police Gear Atibal Optics - enter “FIREARMSINSIDER20” for 20% off 5.11 Tactical PowerTac Lights - enter “GGR” for a real good discount JSD Supply Modern Spartan Systems - “GGR15” for 15% off Rough Cut Holsters - “firearmsinsider” for 20% off Global Ordnance Infinite Defense (Infinity Targets) - “PEW15” for 15% off Guns.com Magpul Palmetto State Armory Unique ARs - “GunGearReview” for 10% off CobraTec Knives - “GGR10” for 10% off Nutrient Survival - “GGR10” for 10% off Gideon Optics - “GGR” or “INSIDER” for 10% off Lone Wolf Arms US Optics - “INSIDER15” for 15% off Camorado - “FIREARMSINSIDER” for 5% off Optics Planet Midway USA Strike Industries North Forest Arms - “GGR” for 10% off Kini SafeAlert - “GGR” for 20% off FoxTrot Mike - “GGR” for 10% off XTech Tactical - “GGR10” for 10% off Die Free Co ROB - Disclaimer The views and opinions expressed in this podcast are those of the individual co-hosts and do not reflect the official policy or position of the Firearms Radio Network and/or their employers. This is NOT legal advice, nor should it be considered as such. Viewer discretion is advised. This is especially true on live shows. Main Topic is sponsored by: Walker Defense Research Walker Defense provides shooters with the finest, most innovative, quality, tactical accessories and firearm components around. From their NILE grip panels to their NERO muzzle brakes, no details are ever left behind. Only top quality materials are used in the manufacturing process. Together, all of this gives you some of the best firearm performance around. Everything they have to offer is proudly made in the USA. Walker Defense, where American ingenuity meets bleeding edge technology. Our Walker Defense Product of the week is - 2 Slot NILE grip panels Use code “INSIDER15” FOR 15% OFF everything at walkerdr.com Main Topic: Product Review Chad - Primary Arms SLx RS-10R Product Spotlight and Discussion: Inforce ARC-650-LR-M MSRP - $249.97 Sponsor #3: Primary Arms Primary Arms seeks to provide the best shopping experience for everything firearms.
Zap, Justin Gray, and I trade wins, war stories, and hard lessons. Justin breaks down Toolpath's CAM automation progress—constraints, search space control, and getting from “seven ops” to the three you actually want—plus new work on undercuts and 3+2. Zap brings DMG mill‑turn tales, a 1.5× tool life bump, and the hidden cost of tool library drift. I talk CMM headaches and adding a newer manual machine. Then rapid‑fire Q&A: VF‑2 vs. higher‑end 30×16 choices, our aluminum rougher, Blum Z‑nano supremacy, zero-point with no probe, wear comp best practices, zero‑point/G10 for legacy setups, and real ways to recruit students (FIRST and desktop CNC done right). Stick around for a Mastercam RAM allocation fix, a Fusion post warning, Freddy bee‑duty, and why one‑piece flow still wins.Check out Justin's IG @justinsgray and Toolpath Labs @toolpathlabs or https://www.toolpath.com/Check out Zap's IG @zap.consulting-----------------------------------------Help support the podcast www.patreon.com/withintolerancepodcast
In this episode of Supply Chain Now, Scott Luton sits down with Bryan Wright, CTO and COO at G10 Fulfillment, and Cody Upp, Head of Marketing, Sales and Solutions at Zebra Robotics Automation, to explore how next-generation automation is reshaping third-party logistics.Bryan shares G10's journey to finding the right automation partner to boost labor efficiency, accuracy, and growth while maintaining cost control and training flexibility. Cody explains Zebra's modular AMR (autonomous mobile robot) system—designed with operators in mind—that reduces variable cost per unit, maximizes utilization, and supports multiple workflows from picking to replenishment. Together, they break down why decoupling carts from robots isn't just innovative, it's transformative.Jump into the conversation:(00:00) Intro(01:54) Meet Bryan and Cody(04:36) Diving into G10 Fulfillment and Zebra Robotics(07:46) Operational challenges and automation solutions(12:23) The power of detaching carts from robots(21:49) Future prospects and continuous improvement(25:41) Commitment to success and incentive structures(26:27) Continuous improvement and utilization goals(27:30) Entrepreneurial mindset at Zebra(28:28) Strategic differentiation with technology(31:30) Client feedback and future roadmap(35:13) The role of automation in the future(40:10) Advice for 3PL executivesResources:Connect with Cody Upp: https://www.linkedin.com/in/cody-upp/ Connect with Bryan Wright: https://www.linkedin.com/in/bryan-wright-7622499/ Learn more about Zebra Technologies: https://www.zebra.com/ Learn more about G10 Fulfillment: https://g10fulfillment.com/ Check out Zebra Order Fulfillment Solutions: https://www.zebra.com/fulfillment Check out Automation: Your Strategic Advantage: https://bit.ly/4fdKrA6 Check out Zebra on The New Warehouse Podcast: https://bit.ly/4lOofPf Connect with Scott Luton: https://www.linkedin.com/in/scottwindonluton/Learn more about Supply Chain Now: https://supplychainnow.com Watch and listen to more Supply Chain Now episodes here: https://supplychainnow.com/program/supply-chain-now Subscribe to Supply Chain Now on your favorite platform: https://supplychainnow.com/join Work with us! Download Supply Chain Now's NEW Media Kit:
Welcome to the Firearms Insider Gun & Gear Review Podcast episode 586. This episode is brought to you by Primary Arms, Walker Defense, XS Sights, and VZ Grips. In this show we have a long throw weaponlight review, we talk about Islands, EVO's, 817's, and a flashlight As you may know, we showcase guns, gear, and anything else you might be interested in. We do our best to evaluate products from an unbiased and honest perspective. I'm Chad Wallace, host of the most dedicated firearms podcast around With me tonight are: Tony, Rusty Sponsor #1: XS Sights For over 25 years, XS Sights has helped you get on target faster. Offering tritium sights in all different types and styles, low light is no longer an obstacle. Most options come with a brightly colored photoluminescent ring around the tritium. That colored ring makes them work great in the daylight also. XS Sights has sight styles for everyone: Big Dot's, Ghost Rings, Standard Notch and Post, Minimalist, Suppressor Height, all offering tritium options. Available for a plethora of firearms types, from shotguns to handguns, XS sights has you covered for all your low light sighting needs. Our XS Sights Product of the week is - Adjustable DXW2 Revolver Night Sights for Smith & Wesson revolvers Use Code “GGR20” for 20% off of almost everything at xssights.com What we did in Firearms: Announcements: Bandwidth sponsor Patriot Patch Co. And their Patch of the Month Club! T-shirts are available through our FRN site, or click the “Merch” tab on Firearmsinsider.tv AFFILIATES / DISCOUNTS: Walker Defense Research - enter “INSIDER15” for 15% off XS Sights - “GGR20” for 20% off Primary Arms VZ Grips - “GGR15” for 15% off handgun and rifle grips Brownells Gun Guys Garage discount code - “FRN15OFF” LA Police Gear Atibal Optics - enter “FIREARMSINSIDER20” for 20% off 5.11 Tactical PowerTac Lights - enter “GGR” for a real good discount JSD Supply Modern Spartan Systems - “GGR15” for 15% off Rough Cut Holsters - “firearmsinsider” for 20% off Global Ordnance Infinite Defense (Infinity Targets) - “PEW15” for 15% off Guns.com Magpul Palmetto State Armory Unique ARs - “GunGearReview” for 10% off CobraTec Knives - “GGR10” for 10% off Nutrient Survival - “GGR10” for 10% off Gideon Optics - “GGR” or “INSIDER” for 10% off Lone Wolf Arms US Optics - “INSIDER15” for 15% off Camorado - “FIREARMSINSIDER” for 5% off Optics Planet Midway USA Strike Industries North Forest Arms - “GGR” for 10% off Kini SafeAlert - “GGR” for 20% off FoxTrot Mike - “GGR” for 10% off ROB - Disclaimer The views and opinions expressed in this podcast are those of the individual co-hosts and do not reflect the official policy or position of the Firearms Radio Network and/or their employers. This is NOT legal advice, nor should it be considered as such. Viewer discretion is advised. This is especially true on live shows. Main Topic is sponsored by: VZ Grips VZ Grips has been manufacturing handgun grips since 2003. With a reputation for quality, consistency & innovation, top tier manufacturers choose VZ grips. They come in a variety of styles, patterns, colors, and are manufactured from proprietary G10, Micarta, Carbon fiber, or polymer. Available with varying degrees of texture, VZ offers a wide range of grips for all different firearm types. Made in the USA, VZ gives you the grip you can count on. Featured Grip of the week - FN High Power Diamond Back Grips Coupon code “GGR15” gets 15% off handgun and rifle grips at vzgrips.com Main Topic: Product Review Chad - Streamlight Protac Rail Mount HP-X Product Spotlight and Discussion: Derya DY9 Island MSRP - $599.00 Holosun ARO-EVO MSRP - $317.64 Sponsor #3: Walker Defense Research
Welcome to the Firearms Insider Gun & Gear Review Podcast episode 585. This episode is brought to you by Primary Arms, Walker Defense, XS Sights, and VZ Grips. In this show we have a red chevron review, we talk about the Atibal X gen 2, Beretta's INOX, Kimber's CDS9 classic, and Reate's PL-XF As you may know, we showcase guns, gear, and anything else you might be interested in. We do our best to evaluate products from an unbiased and honest perspective. I'm Chad Wallace, host of the most dedicated firearms podcast around With me tonight are: Tony Sponsor #1: VZ Grips VZ Grips has been manufacturing handgun grips since 2003. With a reputation for quality, consistency & innovation, top tier manufacturers choose VZ grips. They come in a variety of styles, patterns, colors, and are manufactured from proprietary G10, Micarta, Carbon fiber, or polymer. Available with varying degrees of texture, VZ offers a wide range of grips for all different firearm types. Made in the USA, VZ gives you the grip you can count on. Featured Grip of the week - Beretta 92X Performance Operator II Grips Coupon code “GGR15” gets 15% off handgun and rifle grips at vzgrips.com What we did in Firearms: Announcements: Bandwidth sponsor Patriot Patch Co. And their Patch of the Month Club! T-shirts are available through our FRN site, or click the “Merch” tab on Firearmsinsider.tv AFFILIATES / DISCOUNTS: Walker Defense Research - enter “INSIDER15” for 15% off XS Sights - “GGR20” for 20% off Primary Arms VZ Grips - “GGR15” for 15% off handgun and rifle grips Brownells Gun Guys Garage discount code - “FRN15OFF” LA Police Gear Atibal Optics - enter “FIREARMSINSIDER20” for 20% off 5.11 Tactical PowerTac Lights - enter “GGR” for a real good discount JSD Supply Modern Spartan Systems - “GGR15” for 15% off Rough Cut Holsters - “firearmsinsider” for 20% off Global Ordnance Infinite Defense (Infinity Targets) - “PEW15” for 15% off Guns.com Magpul Palmetto State Armory Unique ARs - “GunGearReview” for 10% off CobraTec Knives - “GGR10” for 10% off Nutrient Survival - “GGR10” for 10% off Gideon Optics - “GGR” or “INSIDER” for 10% off Lone Wolf Arms US Optics - “INSIDER15” for 15% off Camorado - “FIREARMSINSIDER” for 5% off Optics Planet Midway USA Strike Industries North Forest Arms - “GGR” for 10% off Kini SafeAlert - “GGR” for 20% off ROB - Disclaimer The views and opinions expressed in this podcast are those of the individual co-hosts and do not reflect the official policy or position of the Firearms Radio Network and/or their employers. This is NOT legal advice, nor should it be considered as such. Viewer discretion is advised. This is especially true on live shows. Main Topic is sponsored by: Walker Defense Research Walker Defense provides shooters with the finest, most innovative, quality, tactical accessories and firearm components around. From their NILE grip panels to their NERO muzzle brakes, no details are ever left behind. Only top quality materials are used in the manufacturing process. Together, all of this gives you some of the best firearm performance around. Everything they have to offer is proudly made in the USA. Walker Defense, where American ingenuity meets bleeding edge technology. Our Walker Defense Product of the week is - NERO 556 Use code “INSIDER15” FOR 15% OFF everything at walkerdr.com Main Topic: Product Review Chad - Primary Arms GLx MD-21 Product Spotlight and Discussion: Atibal X 1-10x30 FFP gen 2 MSRP - $840.00 currently $588 Beretta 92x RDO Inox MSRP - $999.00 Sponsor #3: Primary Arms Primary Arms seeks to provide the best shopping experience for everything firearms. They have a smorgasbord of products from your favorite manufacturers,
Welcome to the Firearms Insider Gun & Gear Review Podcast episode 584. This episode is brought to you by Primary Arms, Walker Defense, XS Sights, and VZ Grips. In this show we have a rifle review, we talk about new mediators, Phoenix Trinities, a usb light, and a Spyderco As you may know, we showcase guns, gear, and anything else you might be interested in. We do our best to evaluate products from an unbiased and honest perspective. I'm Chad Wallace, host of the most dedicated firearms podcast around With me tonight are: Tony, Rob, Rusty Sponsor #1: VZ Grips VZ Grips has been manufacturing handgun grips since 2003. With a reputation for quality, consistency & innovation, top tier manufacturers choose VZ grips. They come in a variety of styles, patterns, colors, and are manufactured from proprietary G10, Micarta, Carbon fiber, or polymer. Available with varying degrees of texture, VZ offers a wide range of grips for all different firearm types. Made in the USA, VZ gives you the grip you can count on. Featured Grip of the week - 1911 Stars and Stripes Coupon code “GGR15” gets 15% off handgun and rifle grips at vzgrips.com What we did in Firearms: Announcements: Bandwidth sponsor Patriot Patch Co. And their Patch of the Month Club! T-shirts are available through our FRN site, or click the “Merch” tab on Firearmsinsider.tv AFFILIATES / DISCOUNTS: Walker Defense Research - enter “INSIDER15” for 15% off XS Sights - “GGR20” for 20% off Primary Arms VZ Grips - “GGR15” for 15% off handgun and rifle grips Brownells Gun Guys Garage discount code - “FRN15OFF” LA Police Gear Atibal Optics - enter “FIREARMSINSIDER20” for 20% off 5.11 Tactical PowerTac Lights - enter “GGR” for a real good discount JSD Supply Modern Spartan Systems - “GGR15” for 15% off Rough Cut Holsters - “firearmsinsider” for 20% off Global Ordnance Infinite Defense (Infinity Targets) - “PEW15” for 15% off Guns.com Magpul Palmetto State Armory Unique ARs - “GunGearReview” for 10% off CobraTec Knives - “GGR10” for 10% off Nutrient Survival - “GGR10” for 10% off Gideon Optics - “GGR” or “INSIDER” for 10% off Lone Wolf Arms US Optics - “INSIDER15” for 15% off Camorado - “FIREARMSINSIDER” for 5% off Optics Planet Midway USA Strike Industries North Forest Arms - “GGR” for 10% off Kini SafeAlert - “GGR” for 20% off ROB - Disclaimer The views and opinions expressed in this podcast are those of the individual co-hosts and do not reflect the official policy or position of the Firearms Radio Network and/or their employers. This is NOT legal advice, nor should it be considered as such. Viewer discretion is advised. This is especially true on live shows. Main Topic is sponsored by: Walker Defense Research Walker Defense provides shooters with the finest, most innovative, quality, tactical accessories and firearm components around. From their NILE grip panels to their NERO muzzle brakes, no details are ever left behind. Only top quality materials are used in the manufacturing process. Together, all of this gives you some of the best firearm performance around. Everything they have to offer is proudly made in the USA. Walker Defense, where American ingenuity meets bleeding edge technology. Our Walker Defense Product of the week is - FDE BCG blem Use code “INSIDER15” FOR 15% OFF everything at walkerdr.com Main Topic: Product Review Chad - Bergara B-14 Ridge SP Product Spotlight and Discussion: Phoenix Trinity H-Tac MARP - $5199.99 511 Tactical Deploy Pl-USB Flashlight MSRP - $60.00 Sponsor #3: Primary Arms Primary Arms seeks to provide the best shopping experience for everything firearms. They have a smorgasbord of products from your favorite manufacturers, including a complete selection of rifles,
Our analysts Serena Tang and Seth Carpenter discuss Morgan Stanley's out-of-consensus view on U.S. exceptionalism, and how investors should position their portfolios given the current market uncertainty.Read more insights from Morgan Stanley.----- Transcript -----Seth: Welcome to Thoughts on the Market. I'm Seth Carpenter, Morgan Stanley's Global Chief Economist.Serena: And I'm Serena Tang, Morgan Stanley's, Chief Global Cross-Asset Strategist.Seth: Today, we're going to pick up the conversation where we left it off, talking about our mid-year outlook; but this time I get to ask Serena the questions.It's Thursday, May 22nd at 10am in New York.Serena, we're back for part two of this podcast. Let's jump in where we left off. We've seen a lot of policy surprise in the last six months. We've had a big sell off in the beginning of April, in part inspired by all of this uncertainty.What are you telling clients? What do you think investors should be doing? How should they be positioning their portfolios in the current circumstances?Serena: So, we are recommending going overweight in U.S. equities and going overweight in core fixed income like U.S. treasuries and like investment grade corporate credit. And we have a very strong preference for U.S. over rest of the world assets, except the dollar. Now I think for us, the main message is that you have global growth slowing, which is what you talked about yesterday.But you know, risky assets can look past the low growth and do well, while treasuries can look forward to the many Fed cuts you guys are expecting in 2026 and rally. But if I look at valuations that does suggest equities and credit have completely, almost priced out, growth slowdown odds. Meaning that I think there is still some downside and we'd recommend quality across the board.Seth: In your judgment then, looking around the world at all the different asset classes, how well, or perhaps how poorly, are those asset classes priced for the sort of macro views that we were just discussing?Serena: So I think the market that's probably least priced for the slowing economy that you and your team have been forecasting is really in the government bond space. I think the prospect of a lot more Fed cuts than what is currently priced into the market will lower government bond yields, particularly starting in 2026.As you know, our rates team has a target of 3.45 percent for U.S. Treasury 10-year yields, and 2.6 percent for U.S. Treasury two-year yields. Meaning that we also get a steeper curve by this time next year. And this translates to more than 10 percent of total returns for U.S. Treasuries – very attractive; in large part because the markets aren't priced for the Fed scenario that you and your team are forecasting.Seth: Let me, then push a little bit on one of the things that I've been talking to clients about, or at least been asked about, which is the dollar. The role of the dollar? U.S. exceptionalism? Is it real?Serena: Yeah that's a great question because I think this is where we are the most out of consensus. If you've noticed, all of our views right now really line up as us being pretty constructive on U.S. dollar assets. Like at a time when everyone's still really debating the end of U.S. exceptionalism. And we really push back against the idea that foreign investors would or should abandon U.S. assets significantly.There are very few alternatives to U.S. dollar assets right now. I mean, like if you look at investible stock market cap, U.S. is nearly five times the size of the next biggest market, which is Europe. And in the fixed income side of things, more than half of liquid high grade fixed income paper is in U.S. dollars.Now, even if there were significant outflows from U.S. dollar assets, there are very few places that money can find a haven, safe or otherwise. This is not to say there won't ever be any other alternatives to U.S. dollar assets in the future. But that shift in market size takes time, which means that TINA -- there is no alternative -- remains a theme for now.Seth: That view on the dollar weakening from here, it's baked into my team's economic forecast. It's baked into the strategy team's forecast across research. So then let me take it one step forward. What does all this mean about portfolio preferences, your recommendation for clients when when they're investing in assets that are not U.S. dollar denominated.Serena: You are right. I mean, if there's one U.S. asset that we just like, it's the U.S. dollar. So, you know, over the next 12 months we expect key factors, which drove the dollar strength. You know, positive growth, yield differentials relative to other G10 economies. Those factors will fade substantially. And we also think because of the political uncertainty in the U.S. currency hedging ratios on exposure to U.S. assets may increase, which could further pressure the U.S. dollar. So, our FX team sees euro/dollar at 1.25 and dollar/yen at 1.30 by the second quarter of 2026.Which means that we're really recommending non-U.S. dollar investors to buy U.S. stocks and fixed income on an FX hedge basis.Seth: If we look forward but focus just on the next, call it three to six months; what asset classes, or if you want, what regions around the world are best positioned, and what would you say to investors?Serena: So, you're right. I think there is a big difference between what we like over the next three to six months versus what we like over the next 12 months. Because if I look at U.S. equities and U.S. government bonds, both of which we're overweight on most of the gains, probably won't happen until the first half of next year because you have to have U.S. equities really feeling the tailwind of dollar weakness. And you need to have U.S. government bond investors to grow more confident that we will get all of those Fed cuts next year.What we do like over the next three to six months and feel pretty highly convicted on is really U.S. investment grade corporate credit, which we think can, you know, do well in the second half of this year and do well in the first half of next year.Seth: But then let's take a step back [be]cause I think investors around the world are wrestling with a lot of the same issues. They're talking to, you know, strategists like us at lots of different places. What would you say are our most out of consensus views right now?Serena: I think we're pretty out of consensus on our preference for U.S. and U.S. dollar assets. As I mentioned, there was still a huge debate on the end of U.S. exceptionalism. Now the other place where I think it's notable is we're much more bullish on U.S. treasuries than what's being priced into markets and where consensus is. And I think that's really been driven by your economics team being much more convicted on many Fed cuts in 2026.And the last thing I would point out here is, again, we're more bearish than consensus on the dollar. If I look at euro/dollar, if I look at dollar/yen, the kind of appreciation we're forecasting for at around through 10 percent, is higher than I think what most investors are expecting at the moment.Now back to Seth. Given all of the uncertainty around U.S. fiscal, trade, and industrial policy, what indicators are you watching to assess whether global growth is becoming more fragile or more resilient?Seth: Yeah, it's a great question. It's always difficult to monitor in real time how things are going, especially with these sorts of shocks. We are looking at a bunch of the shipping data to see how trade flows are going. There was clearly some front-running into the United States of imports to try to get ahead of tariffs. There's got to be some payback for that. I think the question becomes where do we settle in when it comes to trade?I'm going to be looking in the U.S. at the labor market to see signs of reduced demand for labor. But also try to pay attention to what's going on with the supply of labor from immigration restriction. And then there are all the normal indicators about spending, especially consumer spending. Consumer spending tends to drive a lot of the big developed market economies around the world and how well that holds up or doesn't. That's going to be key to the overall outlook.Serena: Thank you so much, Seth. Thanks for taking the time to talk.Seth: Serena, I could talk to you all day.Serena: And thanks for listening. If you enjoy Thoughts on the Market, please leave us a review wherever you listen and share the podcast with a friend or colleague today.
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