Podcasts about gdp

Private equity is expanding into India’s K-12 school sector, following the same playbook it used to reshape private hospitals. Since Indian schools must legally operate as not-for-profit trusts, PE firms like KKR, Blackstone, and Kedaara invest indirectly through separate for-profit “OpCo” service companies that charge trusts for management, infrastructure, and operations—mirroring hospital structures. The appeal: predictable, long-term cash flow from families who rarely withdraw children mid-cycle, rising fees, and unmet demand for quality private education. Regulatory hurdles, fee caps, and mandated free seats for low-income students complicate profitability. Unlike hospitals, no major PE-backed education platform has yet achieved a successful exit, leaving the model’s long-term viability untested. Alenjith K Johny and Mohit Bhalla report; Anirban Chowdhury narrates for audio. You can follow Anirban Chowdhury on his social media: X and LinkedinCheck out other interesting episodes like:ET Deep Dive: Swipe Left on Reality,India wants manufacturing at 25% of GDP — will AI in factories help?, Tanay Kothari Wants To Kill The Keyboard, From Doer to Director: The LinkedIn Playbook for the AI Agea, Semaglutide Goes Generic: Big Pharma’s Moat Breaks and much more. Catch the latest episode of ‘The Morning Brief’ on The Economic Times Online, Spotify, Apple Podcasts, JioSaavn, Amazon Music and Youtube.See omnystudio.com/listener for privacy information.

Veronique de Rugy warns new administration rules replace flexible status for foreign students with fixed four-year periods, targeting the "best educated people on Earth." De Rugy warns this policy dissuades future scientists and innovators from choosing the U.S. Restricting these STEM graduates could cost the economy between $200 billion and $400 billion in lost GDP over the next decade, while potentially causing severe long-term labor shortages. (13)1850 NASSAU HALL

SCHEDULE FOR THE JOHN BATCHELOR SHOW, 7-31-20261790 SOUTH HOLLANDJeff Bliss reports a refrigeration fire in Boyle Heights has released a toxic stench and caused an explosion in local rat and insect populations. Residents remain displaced due to overpowering toxic aftereffects. Simultaneously, a massive heat dome and hurricane-driven surf are hitting the Southwest. L.A. County lifeguards performed nearly 1,200 rescues last Saturday, facing dangerous conditions and substance abuse issues on crowded beaches escaping the intense heat. (1)Jeff Bliss notes Governor Gavin Newsom is preparing for a 2028 presidential run, but past controversies are resurfacing. A Vanity Fair article by Ruby Rippey-Tourk, his former mistress and the wife of his then-campaign manager, accuses Newsom of being "careless" and "cruel" during their 2007 affair. His wife, Jennifer Siebel Newsom, is also being criticized for shaming Rippey-Tourk, leading to questions about the Newsoms' commitment to women's advocacy. (2)Richard Epstein examines New York City's proposed "pied-à-terre tax," which targets non-primary residences but threatens middle-class and working homeowners. Epstein argues the tax is unfairly structured, hitting condominiums at five times the rate of houses. The complex valuation process creates a "vicious circle" that could plummet property values. Consequently, wealthy residents are already fleeing, resulting in a $12 billion annual revenue loss for the city. (3)Richard Epstein turns to Deputy Attorney General Todd Blanche, under fire for signing a document that allegedly exempts the President from IRS scrutiny regarding past and future taxes. Epstein characterizes this as a "scandalous" misuse of public trust and a misapplication of the law. He argues that if the President used his office for private financial benefit, it constitutes an impeachable offense, while Blanche should face potential disbarment. (4)Jim McTague takes a road trip through Owensboro, Kentucky, revealing a "K-shaped" economy where retail business is "dead" for blue-collar residents relying on federal aid. Conversely, Jeffersonville, Ohio, is experiencing a "gold rush" as Amazon and Honda build massive data and battery centers. However, some local residents feel overwhelmed by progress, lacking the imagination or education to capitalize on these high-tech industrial shifts and training opportunities. (5)Jim McTague reports that in Lancaster County, Republican representatives are introducing legislation that adds red tape and taxes to data centers, contradicting traditional pro-growth principles. While the Democratic-led Lancaster Cityhas embraced a lucrative data center deal, blue-collar "Trump country" boroughs remain fearful of the future. Despite these tensions, the local economy remains "steady" due to a diversified base including agriculture, pharmaceuticals, and senior citizen spending. (6)Peter Huessy explains the foundation of U.S. nuclear strategy is the triad, ensuring launch capabilities from land, sea, and air. Developed after the 1957 Sputnik launch, this framework replaced "massive retaliation" with "flexible response." Huessy explains that this survivable deterrent prevents adversaries from achieving a total victory with a single strike. Despite calls for unilateral disarmament, the triad remains essential for holding at risk what adversaries value most. (7)Peter Huessy warns the U.S. now faces a tri-polar nuclear threat from Russia and China, both of which are modernizing their arsenals "gangbusters." Meanwhile, U.S. systems haven't been updated in 40 years, leaving the deterrent "fragile." Allied nations in Asia, specifically South Korea and Japan, are increasingly questioning the U.S. nuclear umbrella and considering their own deterrents as regional tensions and Chinese missile capabilities grow. (8)Henry Sokolski reports a proposed nuclear agreement with Saudi Arabia is causing alarm due to potential uranium enrichment capabilities. Sokolski warns that nuclear fuel-making brings a nation dangerously close to developing a bomb. Saudi Arabia's refusal to accept advanced "protocol one" inspections is a major "red flag." Furthermore, the deal risks overturning 50 years of global non-proliferation policy, potentially encouraging other nations like Iran to demand equal treatment. (9)Henry Sokolski notes Senator John Kennedy has emerged as a dogged opponent of granting Saudi Arabia enrichment authority, labeling it a "bad idea." The agreement will automatically go into force within 90 legislative days unless Congress passes a veto-proof resolution against it. Kennedy's vocal stance may rally other senators to stop the package, potentially forcing the White House to renegotiate the deal to prevent spreading dangerous nuclear capabilities. (10)Gene Marks reports accountants in California are grappling with AI integration, viewing it as a productivity tool rather than a replacement for human consultation. Meanwhile, the broader economy remains resilient; manufacturing has expanded for five consecutive months despite high gas prices and elevated interest rates. Marks highlights that businesses are "rolling with inflation" and increasing orders for durable goods, indicating high underlying confidence despite stock market volatility. (11)Gene Marks compares public protests against data centers to the 19th-century opposition to railroads. While critics worry about land and water usage, Marks argues these facilities are imperative infrastructure for the information age and the AI revolution. Just as railroads enabled 20th-century American power, data centers are the means for moving information. Ceding this development would allow rivals like China or Russia to dominate the future economy. (12)Veronique de Rugy warns new administration rules replace flexible status for foreign students with fixed four-year periods, targeting the "best educated people on Earth." De Rugy warns this policy dissuades future scientists and innovators from choosing the U.S. Restricting these STEM graduates could cost the economy between $200 billion and $400 billion in lost GDP over the next decade, while potentially causing severe long-term labor shortages. (13)Lorenzo Fiori reports a historic heatwave has pushed the Po River to record lows, devastating Italy's agricultural heartland and water supplies for power stations. The ecological crisis includes an invasion of blue crabs, which are destroying clam populations and disrupting local cuisine. Meteorologists struggle to forecast as traditional weather models fail in the face of climate change. Tourists are encouraged to seek the cooler, historical beauty of Noto, Sicily. (14)Bob Zimmerman reports SpaceX's Starship successfully floated for a week after splashdown, providing invaluable data for rapid reusability. The company further cemented its market dominance with a $1.6 billion Space Force contract, while competitors remain grounded. Additionally, startups are emerging to solve technical hurdles for orbital data centers, such as advanced heat radiation. These advancements indicate that the future of massive data processing may eventually move into permanent space orbit. (15)Bob Zimmerman notes China continues the dangerous practice of dropping uncontrolled rocket debris on its citizens, forcing them to hide in tunnels. In the commercial sector, the startup Catalyst attempted a high-speed satellite rescue mission, demonstrating rapid launch capabilities despite technical failures. Meanwhile, astronomers have identified a rare midsize black hole, a discovery that will likely be expanded upon as the new Rubin telescope begins its sky surveys. (16)Corrections applied, pending your confirmation: Ruby Rippey-Tourk (transcribed as "Ruby Rippy," segment 2), Todd Blanche (transcribed as "Mr. Blanch," segment 4), Rubin telescope (transcribed as "Reuben," segment 16 — the Vera C. Rubin Observatory), and "burrows" → "boroughs" in segment 6. One to flag: this batch has Lorenzo Fiori (segment 14), but an earlier batch had him as "Lorenzo Fiato" — let me know which spelling is correct and I'll log it for good.

Let's talk about low GDP, high inflation, and Trump breaking the economy….

The Herle Burly was created by Air Quotes Media with support from our presenting sponsor TELUS, as well as CN Rail.Greetings, you curiouser and curiouser Herle Burly-ites! Today's episode takes on one big, hairy question: what's actually happening to the Canadian standard of living? To help sort it out, we have one of our all-time favourite economists – or as Maclean's calls her – "the caring person's economist." Armine Yalnizyan is here! She's a brilliant policy thinker, one of the leading voices on Canada's economy who coined the term "she-cession" to describe the pandemic's toll on women, and she's currently an Atkinson Fellow on the Future of Workers, deep into a report on private equity's growing footprint in Canadian care services.Armine walks us through why GDP per capita is a lousy way to measure how Canadians are actually doing, why the wealth gap between the top 40% and bottom 40% is now the widest Statistics Canada has ever recorded, and why she thinks the care economy (childcare, eldercare, healthcare) is the biggest lever Canada isn't pulling. She has a warning for Canada that private equity moving into care services could mean Canadians paying more and getting less, the same way it's played out in veterinary clinics, and lays out some zero-cost policy fixes the Carney government could adopt tomorrow if it wanted to protect the sector. And Armine has some pointed words for Shopify's Tobi Lütke, who mused online recently in support of idea to give the wealthy more votes than the poor. She's not exactly convinced society's richest are the deep thinkers they're sometimes made out to be. A sharp, wide-ranging conversation about who's actually benefiting from the growth in the Canadian economy right now, and who's being left behind. Stay with us for the hour. Thank you for joining us on #TheHerleBurly podcast. Please take a moment to give us a rating and review on iTunes, Spotify, or your favourite podcast app.Watch episodes of The Herle Burly via Air Quotes Media on YouTube.The sponsored ads contained in the podcast are the expressed views of the sponsor and not those of the publisher.

Trump's war in Iran escalates as the fallout reverberates across the Middle East and around the world, while the war between Russia and Ukraine intensifies as well. Back home, a brutal new economic report shows U.S. GDP growth slowing dramatically, as the Trump regime faces mounting crises on nearly every front. Meanwhile, we break down a major development in MeidasTouch host Katie Phang's Epstein files case, growing chaos surrounding Todd Blanche's nomination for Attorney General, and the GOP's increasingly desperate effort to drag the country back into the culture wars of 2020 to distract from the disasters unfolding in 2026. Ben and Brett break it all down on the MeidasTouch Podcast. Pre-order the new book from MeidasTouch, WTF America?!: The Way Out of This Hell and Back to Democracy, today: https://bit.ly/wtfamericayoutube Deals from our sponsors!  Tushy: Over 2.5 Million Butts Love TUSHY. Get 10% off TUSHY with the code MEIDAS10 at https://hellotushy.com/MEIDAS10 JiYu: The Korean skincare brand everyone is talking about. Our listeners get 20% off their entire order by using code MEIDAS at https://Jiyuskin.com #JiYu #ad Indacloud: If you're 21 or older, get 30% OFF your first order @IndaCloud with code MEIDAS at https://inda.shop/MEIDAS! #indacloudpod Superpower: Head to https://Superpower.com and use code ‘meidas' at checkout for $20 off your membership. Unlock your new health intelligence. 100+ biomarkers. Every year. Detect early signs of 1,000+ conditions. #superpowerpod Subscribe to Meidas+ at https://meidasplus.com Get Meidas Merch: https://store.meidastouch.com Remember to subscribe to ALL the MeidasTouch Network Podcasts: MeidasTouch: https://www.meidastouch.com/tag/meidastouch-podcast Legal AF: https://www.meidastouch.com/tag/legal-af MissTrial: https://meidasnews.com/tag/miss-trial The PoliticsGirl Podcast: https://www.meidastouch.com/tag/the-politicsgirl-podcast The Ken Harbaugh Show: https://meidasnews.com/tag/the-ken-harbaugh-show The Weekend Show: https://www.meidastouch.com/tag/the-weekend-show Burn the Boats: https://www.meidastouch.com/tag/burn-the-boats Majority 54: https://www.meidastouch.com/tag/majority-54 On Democracy with FP Wellman: https://www.meidastouch.com/tag/on-democracy-with-fpwellman Uncovered: https://www.meidastouch.com/tag/maga-uncovered Learn more about your ad choices. Visit megaphone.fm/adchoices

July 31, 2026: 8am — U.S. GDP grew at slowed pace in second quarter at 1.5% To listen to this show and other MS podcasts without ads, sign up for MS NOW Premium on Apple Podcasts. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Episode 4193 │ July 31, 2026 $700 billion into AI data centers. Zero measurable GDP growth outside the spending itself. Wall Street is starting to notice. The people already knew. WHAT THIS EPISODE COVERS  Scott Kesterson closes out July — and a 26-day fast — with the most complete economic deconstruction of the AI hyperscaler model yet: a $700 billion annual capital expenditure cycle producing zero detectable macroeconomic productivity gain outside the tech sector itself, a circular financing structure Bloomberg mapped as Microsoft, OpenAI, and Nvidia essentially paying each other in a Ponzi loop, and AI stocks now representing 35% of the S&P 500 against a hollowed-out industrial base — making the current vulnerability structurally worse than the 1999 dot-com collapse, when America still made things. The episode then delivers the counter-narrative the hyperscalers did not see coming: consumer trust in AI as a decision-maker collapsed 28 points in 12 months, 50% of Gen Z is blocking AI-generated content, and what is actually emerging is not AI dependence but AI-assisted human discernment — people using the tool as a librarian rather than an oracle, making their own decisions better while refusing to let the machine make decisions for them, which is precisely why the profit model is breaking. Scott closes with the local sovereignty frame that underlies every episode — the real fight is land and water, not the building; the Community Sovereignty Framework v1.2 is free under every episode; and the people walking in the authority of Christ without fear of the tool are already winning, because the numbers confirm it. KEY QUESTIONS ADDRESSED What does the Deutsche Bank analysis of AI capital expenditure reveal — and why does $700 billion in annual hyperscaler spending producing zero measurable GDP growth outside the spending itself mean the AI economic model is structurally identical to the 1999 dot-com bubble, except with far less underneath it when it falls? What is the difference between AI as oracle and AI as librarian — and why does the collapse of consumer trust in AI decision-making alongside rising AI usage actually represent the most positive possible sign about human discernment and the people's capacity to use a tool without being used by it? Why does Scott argue that the real target in the fight against AI data centers is not the building or the company but the land and water rights that Wall Street will retain when the Ponzi loop collapses — and what does the Community Sovereignty Framework v1.2 give communities to fight that specific battle? ABOUT BARDSFM BardsFM is a daily independent podcast covering faith, liberty, history, and information warfare. Hosted by Scott Kesterson — combat veteran, documentary filmmaker, and rancher. Over 4,100 episodes and 50 million lifetime downloads. New episodes every weekday. bards.fm This episode was researched and produced under the Spatial Terra Intelligence Methodology (STIM v5) — the analytical framework built by Scott Kesterson — with AI-assisted research synthesis at a 70/30 human/AI authorship ratio, fully disclosed. All analysis, conclusions, and editorial judgments are those of Scott Kesterson. BardsFM's archive includes hundreds of episodes on prayer, scripture, and walking the Way of Christ — available free in the full episode catalog. DOWNLOADS Community Sovereignty Framework: click here AFFILIATE LINKS Bards Nation Health Store: www.bardsnationhealth.com MYPillow promo code: BARDS >> Go to https://www.mypillow.com/bards and use the promo code BARDS or... Call 1-800-975-2939.  EMPShield protect your vehicles and home. Promo code BARDS: Click here Treadlite Broadforks...best garden tool EVER. Promo code BARDS26: TreadliteBroadforks.com EnviroKlenz Air Purification, promo code BARDS to save 10%: www.enviroklenz.com Morning Intro Music Provided by Brian Kahanek: www.briankahanek.com Founders Bible 20% discount code: BARDS >>> TheFoundersBible.com Windblown Media 20% Discount with promo code BARDS: windblownmedia.com White Oak Pastures Grassfed Meats, Get $20 off any order $150 or more. Promo Code BARDS: www.whiteoakpastures.com/BARDS Mission Darkness Faraday Bags and RF Shielding. Promo code BARDS: Click here DONATIONS: If you wish to support this podcast directly you can donate here... DONATE: Click here MAILING ADDRESS: Xpedition Cafe, LLC Attn. Scott Kesterson 591 E Central Ave, #740

Discover the latest economic update. Second-quarter GDP grew at a slower-than-expected annual rate of 1.5%, but much of the weakness came from temporary factors like lower inventories and reduced government spending rather than a broad slowdown in the private economy. Consumer spending remained strong, inflation continued to ease on a monthly basis, and private-sector demand was robust. While the Federal Reserve is still waiting for inflation to move closer to its 2% target before cutting rates, the underlying economic picture remains healthier than the headline GDP number suggests. Key Takeaways GDP grew 1.5% in the second quarter, below expectations. Consumer spending accelerated to 2.1%, showing continued economic resilience. Final sales to private domestic purchasers rose a strong 3.9%, highlighting solid underlying demand. Core PCE inflation eased to 0.1% for the month but remains 3.3% year-over-year, above the Fed's target. The Fed is likely to remain patient on interest rates until inflation shows more sustained improvement. The personal savings rate fell to 2.7%, its lowest level in four years, suggesting consumers are relying more on savings to maintain spending. Are you on track for financial freedom...or not? Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest can make the biggest difference to your financial freedom and lifestyle. If you invested well for the long-term, what a difference it would make because the difference between investing $100k and earning 5 percent or 10 percent on your money over 30 years, is the difference between it growing to $432,194 or $1,744,940, an increase of over $1.3 million dollars. Your compounding rate, and how well you invest, matters!  INVESTING IS WHAT THE BE WEALTHY & SMART VIP EXPERIENCE IS ALL ABOUT - Invest in digital assets and stock ETFs for potential high compounding rates - Receive an Asset Allocation model with ticker symbols and what % to invest -Monthly LIVE investment webinars with Linda 10 months per year, with Q & A -Private VIP Facebook group with daily community interaction -Weekly investment commentary -Extra educational wealth classes available -Pay once, have lifetime access! NO recurring membership fees. -US and foreign investors are welcome -No minimum $ amount to invest -Tech Team available for digital assets (for hire per hour) For a limited time, enjoy a 50% savings on my private investing group, the Be Wealthy & Smart VIP Experience. Pay once and enjoy lifetime access without any additional recurring fees. Pay once and you're done! Invest with our successful community for years to come. Enter "SAVE50" to save 50% here: http://tinyurl.com/InvestingVIP Or set up a complimentary conversation to answer your questions about the Be Wealthy & Smart VIP Experience. Request an appointment to talk with Linda here: https://tinyurl.com/TalkWithLinda (yes, you talk to Linda!). SUBSCRIBE TO BE WEALTHY & SMART Click Here to Subscribe Via iTunes Click Here to Subscribe Via Stitcher on an Android Device Click Here to Subscribe Via RSS Feed LINDA'S WEALTH BOOKS 1. Get my book, "3 Steps to Quantum Wealth: The Wealth Heiress' Guide to Financial Freedom by Investing in Cryptocurrencies". 2. Get my book, "You're Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!" Men love it too! After all, you are Wealth Heirs. :) International buyers (if you live outside of the US) get my book here. WANT MORE FROM LINDA? Check out her programs. Join her on Instagram. WEALTH LIBRARY OF PODCASTS Listen to the full wealth library of podcasts from the beginning.  SPECIAL DEALS #Ad Apply for a Gemini credit card and get FREE XRP back (or any crypto you choose) when you use the card. Charge $3000 in first 90 days and earn $200 in crypto rewards when you use this link to apply and are approved: https://tinyurl.com/geminixrp This is a credit card, NOT a debit card. There are great rewards. Set your choice to EARN FREE XRP! #Ad Protect yourself online with a Virtual Private Network (VPN). Get 3 MONTHS FREE when you sign up for a NORD VPN plan here.  #Ad To safely and securely store crypto, I recommend using a Tangem wallet. Get a 10% discount when you purchase here. #Ad If you are looking to simplify your crypto tax reporting, use Koinly. It is highly recommended and so easy for tax reporting. You can save $20, click here. Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America's Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom.  (This post contains affiliate links. If you click on a link and make a purchase, I may receive a commission. There is no additional cost to you.)  

In part two of Red Eye Radio with Gary McNamara and Eric Harley, President Trump has said a deal has been reached for Hamas to disarm and for Israel to withdraw its forces from Gaza, however briefings from both sides exposed disputes over its implementation that could prove difficult to overcome. Also breaking down the latest GDP report as numbers indicate the economy slows in 2nd quarter / and disecting the lies in Dr. Fauci's diary. For more talk on the issues that matter to you, listen on radio stations across America Monday-Friday 12am-5am CT (1am-6am ET and 10pm-3am PT), download the RED EYE RADIO SHOW app, asking your smart speaker, or listening at RedEyeRadioShow.com. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Michael Strain of the American Enterprise Institute and colleague Matt Colyar join the Inside Economics crew to unpack a blockbuster week for the U.S. economy. A bizarre FOMC meeting, fresh GDP and inflation data, new readings on consumers, and financial market gyrations offered plenty to discuss. The group debates what it all means, where the economy is likely to head from here, and of course, play the numbers game. Guest: Michael Strain, Director of Economic Policy Studies, American Enterprise Institute Hosts: Mark Zandi – Chief Economist, Moody's Analytics, Cris deRitis – Deputy Chief Economist, Moody's Analytics, and Marisa DiNatale – Senior Director - Head of Global Forecasting, Moody's Analytics Follow Mark Zandi on 'X' and BlueSky @MarkZandi, Cris deRitis on LinkedIn, and Marisa DiNatale on LinkedIn Questions or Comments, please email us at InsideEconomics@moodys.com. We would love to hear from you. To stay informed and follow the insights of Moody's Analytics economists, visit Economic View. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The economy and markets can feel dizzying and ever changing. That's where we can help. Fisher Investments' “This Week in Review” is a weekly segment designed to highlight a few things you may have missed this week, what they could mean for financial markets and why they matter to investors like you. This week, Fisher Investments reviews: • The Fed's recent interest rate decision • US first estimate for Q2 2026 GDP growth • The eurozone's first estimate for Q2 2026 GDP growth Below are the sources for all data cited in today's show: 1. Source: Trading Economics, as of 7/30/2026. United States Fed Funds interest rate, 7/29/2026. 2. Source: Bureau of Economic Analysis, as of 7/31/2026. US GDP growth, annualized, Q1 2026 – Q2 2026. 3. Source: U.S. Bureau of Labor Statistics, as of 7/31/2026. Y/y US Headline and Core CPI Inflation, January 2026 – June 2026. 4. Source: FactSet, Finaeon, Inc., as of 7/31/2026. S&P 500 Total Return Index annual returns categorized by US real GDP annual percent changes of the following year, yearly, 1970 – 2025. 5. Source: Eurostat, as of 7/31/2026. Euro area GDP growth, annualized, Q1 2026 – Q2 2026. 6. Source: Eurostat, as of 7/31/2026. Euro area y/y GDP growth, by country, Q1 2026 – Q2 2026. 7. Source: Trading Economics, as of 7/30/2026. Eurozone Headline HICP Inflation, January 2026 – June 2026. 8. Source: FactSet, Macrobond, as of 7/30/2026. GDP-weighted developed markets excluding US government bond yield spreads (10Y – 3M), daily, 1/1/2025 – 7/16/2026, eurozone y/y loan growth, monthly, 6/30/2023 – 5/31/2026. Want to dig deeper? • Ken on why the Fed shouldn't rush to hike rates: https://tinyurl.com/ykdedvcz • What you need to know about GDP and why it's important: https://www.youtube.com/watch?v=mm4iOcLX62M Have feedback for this Fisher Investments video? Share your thoughts on this episode in just 1 minute by filling out this survey: https://fi.co1.qualtrics.com/jfe/form/SV_6Vw1ezlogR044S2?VideoCode=WeekInReview31July2026 Connect with Fisher Investments on: • Facebook - https://www.facebook.com/FisherInvestments • X - https://twitter.com/fisherinvest • LinkedIn - https://www.linkedin.com/company/fisher-investments • Instagram - https://www.instagram.com/fisher.investments/ • TikTok - https://www.tiktok.com/@fisher_investments You can also follow Ken Fisher here: • Facebook - https://www.facebook.com/KenFisher.FisherInvestments • X - https://twitter.com/KennethLFisher • LinkedIn - https://www.linkedin.com/in/ken-fisher/ • Instagram - https://www.instagram.com/kenfisher_fisherinvestments/ Investing in securities involves a risk of loss. Past performance is never a guarantee of future returns. Investing in foreign stock markets involves additional risks, such as the risk of currency fluctuations. The foregoing constitutes the general views of Fisher Investments and should not be regarded as personalized investment advice. Nothing herein is intended to be a recommendation. The opinions expressed are subject to change without notice.

US President Donald Trump announces deal to disarm Hamas. American oil giants Exxon Mobil and Chevron reported surging second-quarter profits as conflict with Iran drives up global fuel prices. At least 34 people are dead after thousands swam from Morocco into the Spanish territory of Ceuta. Japan quake deaths rise to 35. Wildfires rage near Bordeaux in France and across the border into Spain, thousands evacuated. Statistics Canada says real GDP grew 0-point-3 percent in May, marking a second straight month of economic expansion. Ranchers in British Columbia are worried a new water order will risk their feed crops and increase their bills.

Investors still digesting mixed GDP and inflation data will watch consumer sentiment and earnings from oil majors today amid a rotation back into chip and AI-linked stocks. Important Disclosures This material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The {securities, investment products and investment strategies mentioned are not suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions. For illustrative purpose(s) only. Investing involves risk, including loss of principal, and for some products and strategies, loss of more than your initial investment. Supporting documentation for any claims or statistical information is available upon request. Past performance is no guarantee of future results. Diversification and rebalancing strategies do not ensure a profit and do not protect against losses in declining markets. Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. For more information on indexes, please see schwab.com/indexdefinitions. The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party. Digital currencies [such as bitcoin] are highly volatile and not backed by any central bank or government. Digital currencies lack many of the regulations and consumer protections that legal-tender currencies and regulated securities have. Due to the high level of risk, investors should view digital currencies as a purely speculative instrument. Cryptocurrency-related products carry a substantial level of risk and are not suitable for all investors. Investments in cryptocurrencies are relatively new, highly speculative, and may be subject to extreme price volatility, illiquidity, and increased risk of loss, including your entire investment in the fund. Spot markets on which cryptocurrencies trade are relatively new and largely unregulated, and therefore, may be more exposed to fraud and security breaches than established, regulated exchanges for other financial assets or instruments. Some cryptocurrency-related products use futures contracts to attempt to duplicate the performance of an investment in cryptocurrency, which may result in unpredictable pricing, higher transaction costs, and performance that fails to track the price of the reference cryptocurrency as intended. Please read more about risks of trading cryptocurrency futures here. Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors. All expressions of opinion are subject to change without notice in reaction to shifting market, economic or political conditions. Data contained herein from third party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed. Schwab does not recommend the use of technical analysis as a sole means of investment research. The Schwab Center for Financial Research is a division of Charles Schwab & Co., Inc. Apple Podcasts and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. Google Podcasts and the Google Podcasts logo are trademarks of Google LLC. Spotify and the Spotify logo are registered trademarks of Spotify AB. (0131-0726) Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This week on Fed Watch, ITR Economist and Speaker Connor Lokar breaks down the Federal Reserve's decision to hold interest rates steady and why Chairman Kevin Warsh says it's time for markets to "play the ball, not the referee." As businesses continue navigating inflation uncertainty, slowing economic growth, and pressure on consumers, what should leaders actually be paying attention to? Connor explains why the Fed is stepping back from forward guidance, what recent GDP data signals about the economy, and what to watch as we head into the fall. Are markets focused on the right signals, or are they paying too much attention to every word from the Fed?

What if the company quietly making OpenAI, Google, Anthropic, and Meta's models smarter was founded in India?Turing is one of the companies shaping how AI is advancing. It started in 2018 as a talent platform that found the top 1% of the world's engineers, became a unicorn in 2021, and then made a bet almost nobody understood at the time. In early 2022, long before ChatGPT existed, Turing began helping OpenAI improve its models by feeding human expertise directly into training. Today its network of more than four million vetted engineers and domain experts powers the post-training and evaluation work behind the frontier labs, and the company crossed roughly 300 million dollars in revenue while staying profitable, at a 2.2 billion dollar valuation.Vijay Krishnan is the co-founder and CTO. He was an NLP researcher at Stanford back when almost no one believed that predicting the next word could ever turn into reasoning, and he explains why running a modern model company without human-in-the-loop data is like entering a race with three tyres instead of four. He walks through how a model is actually taught to use software like Salesforce, why coding became the beachhead for every lab, and what changed for Turing the moment Scale AI was absorbed into Meta.The conversation then turns to the question every founder is now asked in the room. What is your moat against Claude? Vijay's answer is to go deeper than the frontier labs can reach, into the outcome you own and the context that lives inside an enterprise.If you are excited about how AI actually gets built, who really trains the models, and how to build a company that survives the labs, this episode is for you.00:00 - Trailer02:20 - The Indian company quietly behind OpenAI, Google, and Anthropic04:50 - How Turing went from a talent platform to a unicorn to an AI research partner08:20 - The bet nobody understood11:50 - Why a model company without human data is "racing on three tyres"15:50 - Why coding became the beachhead for every frontier lab19:50 - What changed for Turing the day Meta bought Scale AI23:50 - "What is your moat against Claude?"29:50 - Will AI create more lawyers, not fewer?34:50 - The teams where engineers haven't written code in six months39:50 - 16% of the Philippines' GDP is under threat from AI?43:50 - How you actually teach a model to use Salesforce49:50 - How robots are taught real-world work54:50 - Why million-dollar researcher packages are breaking startup hiring59:50 - The one kind of AI company that gets stronger as the models improve1:04:50 - Product vs. services, and the trap that quietly kills AI startups-------------India's talent has built the world's tech—now it's time to lead it.This mission goes beyond startups. It's about shifting the centre of gravity in global tech to include the brilliance rising from India.What is Neon Fund?We invest in seed and early-stage founders from India and the diaspora building world-class enterprise AI companies. We bring capital, conviction, and a community that's done it before.Subscribe for real founder stories, investor perspectives, economist breakdowns, and a behind-the-scenes look at how we're doing it all at Neon.-------------Check us out on:Website: https://neon.fund/Instagram: https://www.instagram.com/theneonshoww/LinkedIn: https://www.linkedin.com/company/beneon/Twitter: https://x.com/TheNeonShowwConnect with Siddhartha on:LinkedIn: https://www.linkedin.com/in/siddharthaahluwalia/Twitter: https://x.com/siddharthaa7-------------This video is for informational purposes only. The views expressed are those of the individuals quoted and do not constitute professional advice.Send us Fan Mail

LISTEN and SUBSCRIBE on:Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608 Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i WATCH and SUBSCRIBE on:https://www.youtube.com/@WatchdogOnWallstreet/featured  Chris breaks down the latest economic data, arguing that slowing GDP growth, weak wage gains, persistent inflation, and surging federal debt paint a far less optimistic picture than many recent forecasts. He questions claims of a booming economy and warns that the combination of sluggish growth and elevated inflation resembles the early stages of stagflation.

Those Long-Term Chip Deals May Not Be as Secure as Investors Are Led to Believe When you listen to memory chip companies like Samsung Electronics, SK Hynix, and Micron Technology discuss their businesses, they often make it sound like customer contracts—some extending as long as five years—are essentially set in stone. Unfortunately, that's not entirely true. Yes, these companies have long-term agreements in place, but contracts in this industry are often renegotiated when market conditions change. If demand for memory chips weakens significantly, chip manufacturers have a strong incentive to work with their customers rather than strictly enforce every contractual commitment. The reason is simple: preserving long-term customer relationships is often far more valuable than maximizing short-term revenue. Imagine a customer that suddenly doesn't need as many chips because its own sales have slowed. If a supplier forces that customer to accept unwanted inventory, those chips may simply sit in a warehouse until demand recovers. By the time the customer needs additional chips, it may choose to reduce future orders or move business to a competitor that proved to be more flexible during difficult times. Competitors are always looking for opportunities to gain market share. If one supplier refuses to work with its customers, another is usually willing to offer better pricing or more favorable terms. Losing a major customer over a rigid interpretation of a contract can cost far more in future profits than making temporary concessions during a downturn. This isn't just theory and it has happened before. During the COVID-era, many long-term agreements were adjusted as demand shifted. Rather than forcing customers to take products they no longer needed, suppliers often renegotiated delivery schedules and purchasing commitments to preserve long-term partnerships. The same principle applies across many industries. Companies frequently modify or delay large commercial agreements when business conditions change. While contracts provide a framework, successful businesses understand that maintaining trust with key customers is often more important than enforcing every clause to the letter. Investors should remember that a signed contract does not necessarily guarantee future revenue will be recognized exactly as originally planned. Management teams often emphasize the value of their long-term agreements during earnings calls, but those agreements can evolve if market conditions deteriorate. At the end of the day, great businesses understand that customer relationships are built over years but can be damaged in a matter of weeks. In many cases, giving a customer flexibility during a downturn is a much better investment than insisting on strict contract enforcement. That's why investors should view long-term chip contracts as valuable, but not invincible.   Why Index Investing Could Leave You Disappointed Long Term I often hear people say, "Just buy the S&P 500 and forget about it. You'll be fine." While that sounds simple, investing is rarely that easy. Many investors don't fully understand how an index works or why it has performed so well in recent years. The S&P 500 has been driven largely by a handful of technology and AI companies. By blindly investing in the index, many people are simply participating in a momentum strategy without realizing it. Very little thought is given to what those 500 companies are actually worth. There is no effort to trim positions that have become extremely expensive or overly concentrated. As valuations climb, the index simply gives those companies an even larger weighting, leaving investors with greater exposure to the stocks that have already gone up the most. Some people respond by saying, "I won't put everything in the S&P 500. I'll diversify into other index funds." But once you go down that road, investing becomes much more complicated and you'll likely underperform the S&P 500. Should you own an international index? A European index? A bond index? A growth index? A value index? Small-cap funds? REITs? There are hundreds of ETFs and mutual funds to choose from. Now you have another challenge: deciding how much to allocate to each one. When your portfolio declines will you understand why? More importantly, will you know what to do next? Many investors don't, and that uncertainty often leads to emotional decisions at exactly the wrong time. This is why I prefer managing a portfolio of individual value-oriented stocks, combined with money market funds and selected real estate investment trusts (REITs). That approach still provides diversification, but I understand what each investment is worth and why I own it. In my view, that's a much better foundation than owning five or ten different index funds without truly understanding what's inside them or how they're valued. Another common argument for index investing is lower fees. While fees certainly matter, they shouldn't be the only factor. The number that ultimately matters is your total return after all fees and expenses. A lower fee doesn't automatically translate into better long-term performance. If you own index funds, take some time to look under the hood. Do you really understand what you own? Do you know which sectors dominate your portfolio, which companies make up the largest holdings, and how expensive those businesses are today? If the answer is no, don't assume you'll be comfortable when the market experiences its next major decline. Investors who don't understand what they own are often the first to panic, and that confusion can lead to costly investment mistakes.   The U.S. economy is still in much better shape than many people think. This week brought three major events for investors: GDP, PCE inflation, and the Federal Reserve meeting. While the headlines may have sounded mixed, the underlying data still paints a healthy consumer. Second-quarter GDP grew at a 1.5% annualized rate, below economists' expectations. At first glance, that may seem disappointing. But when you look under the hood, the economy continues to show resilience. Consumer spending, which accounts for nearly 70% of U.S. GDP, increased 3.2% after a weak first quarter where it only climbed 0.5%. That tells me the American consumer is still in good shape, and that's one of the biggest reasons the economy continues to avoid the recession that so many have been predicting. Major drags on the headline GDP figure included government spending, which reduced growth by 0.14 percentage points, as well as the more volatile components of trade and the change in private inventories, which subtracted 1.01 and 0.67 percentage points, respectively. Inflation remains the biggest challenge. The Fed's preferred inflation measure, core PCE, increased 3.3% over the past year. While that's an improvement from where we've been, it's still well above the Federal Reserve's 2% target. I continue to believe inflation will remain sticky until energy prices become more stable. Energy impacts transportation, manufacturing, and virtually every supply chain, so it's difficult to see inflation falling sustainably while energy costs remain volatile. The Fed, as expected, left interest rates unchanged. What stood out wasn't the decision, it was the growing disagreement among policymakers. The 3 dissents that voted for a 25-basis point increase highlight just how uncertain the economic outlook remains. When inflation is still elevated but the economy continues to grow, there isn't an easy policy answer. One thing I do like so far is Kevin Warsh's changes at the Fed. I like the simplified statement, the encouragement of differing viewpoints, and rather than projecting absolute confidence in economic forecasts, he has acknowledged the uncertainty surrounding them. That's a refreshing change. Economic forecasting has never been an exact science, and I would rather have a Fed Chair who recognizes the limitations of those projections than one who pretends they are precise. What's surprising is how quickly some of the talking heads have claimed Warsh already has a credibility problem. I don't see it that way. Credibility isn't about making bold predictions that later need to be revised. It's about being honest about what we know, what we don't know, and allowing incoming data to guide policy. The takeaway for investors is simple: don't let one headline drive your investment decisions. The economy continues to expand, consumers are still spending, inflation remains stubborn, and the Fed is navigating a difficult policy environment. Looking beneath the surface is often where you'll find the real story.   Leverage Is Fuel... Until It Becomes the Fire The last few weeks have been a reminder that leverage looks like a wonderful tool on the way up... but it's a devastating one on the way down. FINRA's new margin rules have effectively replaced the 25-year-old Pattern Day Trader rule, allowing traders with as little as $2,000 to make unlimited day trades using intraday margin. While this opens the door for more retail participation, it also means more investors have access to leverage, something that has historically magnified both gains and losses. This is a big problem considering FINRA margin debt climbed 49% year over year to another record in June of roughly $1.5 trillion. This comes as investor net credit balances have fallen to a record negative $1.06 trillion. In other words, investors collectively owe more on margin than they have sitting in cash accounts. For comparison's sake, in March 2000 this measure stood at a negative $0.13 trillion. That's an aggressive setup if volatility returns. We also saw this past week the spectacular collapse of Leopold Aschenbrenner's AI-focused hedge fund, Situational Awareness, which shows what can happen when conviction is paired with excessive leverage. The near 25-year-old Aschenbrenner was painted as a genius with strong credentials like being Columbia University's valedictorian at age 19. His fund was launched in July 2024 and he had no experience managing money before that. Before this month's decline the fund had gains of more than 1,000% since inception. The fund used tons of leverage with some saying as much as 400% to build massive positions in AI and semiconductor stocks while shorting stocks in the software space like Adobe. The problem is when names like Coreweave, Nebius, and Sandisk fell more than 50% from their highs and the software stocks rallied, margin calls forced the liquidation of most of its public equity portfolio. The result was staggering considering the fund peaked at above $45 billion in assets and with the selloff they plunged to around $10 billion. This forced a fire sale of assets at a discount to Ken Griffin's Citadel. Some speculate that the forced selling may have helped create the bottom. Once one of the market's largest leveraged sellers had finished liquidating, the selling pressure eased and many AI stocks staged a sharp rebound. Others believe the selling is not over as Michael Burry reportedly used Thursday's powerful rally as an opportunity to increase several of his bearish positions in Micron, Nvidia and the VanEck Semiconductor ETF. Whether he's ultimately right or wrong remains to be seen, but it's a reminder that some experienced investors still believe AI-related valuations and leverage remain stretched.   Here Come the Robots! Robots have been making their way into manufacturing for decades. The first industrial robotic arm, called Unimate, was installed in 1961 on the assembly line at a General Motors plant in Trenton, New Jersey. But today's robots are very different. They're no longer just stationary robotic arms bolted to the factory floor, they're starting to look and move like humans. That reality is beginning to make workers uneasy. At a Hyundai Motor plant in South Korea, employees have gone on a partial strike, with concerns over automation playing a role. Hyundai recently unveiled its humanoid robot, Atlas, which stands 6'2", weighs about 200 pounds, can lift up to 110 pounds, and can continuously carry nearly 70 pounds. It's easy to understand why workers are wondering what these machines could mean for their jobs. South Korea is already the world leader in industrial robot adoption, with approximately 1,220 industrial robots for every 10,000 manufacturing employees. By comparison, the United States has around 307 robots per 10,000 workers. One statistic that surprised me was China, which currently has only about 166 industrial robots per 10,000 manufacturing workers. If Elon Musk has anything to say about it, those numbers could change dramatically over the next several years. Tesla is aggressively developing its humanoid robot, Optimus, with the goal of having it help build vehicles in its factories before long. If that vision becomes reality, other manufacturers will almost certainly follow. The idea of humanoid robots can be unsettling, but the transition is likely to be slower than many people expect. Industry forecasts suggest that global annual production of humanoid robots could reach roughly 1.2 million units by 2030. While that sounds like a large number, it's still a tiny fraction of the global workforce. So, we're probably still a few years away from living like The Jetsons. If you're not familiar with the cartoon, it debuted in September 1962 and imagined a future filled with flying cars and household robots. I guess I will have to wait a few more years to get a maid like the Jetsons had named Rosie the robot.   Financial Planning: Tax Relief Coming for Older Home Sellers? The federal home sale capital gain exclusion has remained unchanged since 1997, allowing homeowners to exclude up to $250,000 of gain if single or $500,000 if married filing jointly when selling a primary residence. With home values rising significantly over the past three decades, particularly in high-cost areas like California, many long-time homeowners now face substantial capital gains taxes when downsizing. A new proposal, the Nest Egg Protection Act, would increase the exclusion to $1 million for homeowners age 65 and older who have owned and lived in their home for at least 25 years. This would allow more seniors to keep the equity they've built over a lifetime. In addition to providing tax relief, the proposal could encourage more older homeowners to sell, increasing housing inventory and making homeownership more attainable for first-time buyers. While the legislation has not yet been enacted and homeowners should continue planning under current law, the proposal reflects a growing recognition that the existing exclusion no longer aligns with today's housing market.   Companies Discussed: International Business Machines Corporation (Ticker: IBM)

P.M. Edition for July 30. The U.S. economy grew just 1.5% last quarter, lower than the previous quarter and falling short of economists' expectations. WSJ economics reporter Harriet Torry explains why the details in the report, particularly around consumer spending, suggest things aren't as bad as the headline number makes it seem. Plus, the buzzy AI-focused hedge fund Situational Awareness, founded by AI whiz kid Leopold Aschenbrenner, sold most of its stock portfolio to investment firm Citadel. We hear from WSJ special writer Greg Zuckerman about why this happened and where the company goes from here. And a big rally in tech companies sent U.S. stocks soaring today. Alex Ossola hosts. See the new fronts in the Iran war.  Sign up for the WSJ's free What's News newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Michael Bernstam notes official statistics reveal the Russian economy has entered a state of stagnation, with GDP growth at a mere 0.2% for the first half of 2026. While weapons production remains high, the civilian economy—including agriculture and construction—is in recession. Bernstam notes that "perceived inflation" for Russian consumers is roughly 15%, significantly higher than official reports. Reckless interest rate cuts have further invited inflation, signaling a deepening commercial and fiscal crisis. (10)1932 TOKYO POLICE HQ

SCHEDULE FOR THE JOHN BATCHELOR SHOW, 7-29-26.1885  CHILE STEEL SIDED WARSHIPRebecca Grant and Gordon Chang report China is escalating provocations against the Philippines and Japan, including dangerous maneuvers near Second Thomas Shoal and firing missiles from submarines. Grant highlights the US Navy's preparedness to defend allies, noting a "red line" if Filipino sailors are killed. Despite China's permanent presence, the US maintains dominance through carrier strike groups and superior undersea warfare. The lack of operational officers on China's Central Military Commission suggests potential command risks. (1)Rick Fisher and Gordon Chang discuss reports that China is transferring hundreds of advanced QW-12 and FN-16 man-portable air-defense systems (MANPADS) to Iran via Hong Kong intermediaries. Fisher warns this poses a significant threat to US aircraft in the Strait of Hormuz. Chang advocates for reimposing sanctions on Hong Kong. The transfer, which China denies, represents a major escalation and highlights China's ongoing role in arming US adversaries like North Korea and Pakistan. (2)Charles Burton and Gordon Chang note Xi Jinping broke tradition by skipping the 50th anniversary of the devastating Tangshan earthquake, sending a surrogate instead. Burton suggests this absence may signal political instability or paranoia regarding his domestic standing. The earthquake historically symbolizes a loss of the "mandate of heaven." Furthermore, vacancies on the Central Military Commission and the mysterious death of former Premier Li Keqiangindicate profound internal disarray and a lack of clear succession. (3)Charles Burton and Gordon Chang discuss how trade tensions and rhetoric from the US have led to increased disdain among Canadians toward their neighbor. Burton discusses a poll showing Canadians view China more favorably than the US due to perceived economic threats from American tariffs. While the integrated North American market remains strong, Canadian provincial governments are reportedly restricting US alcohol sales. There are even suggestions that Canada should adopt "resistance" strategies similar to Ukraine. (4)Evan Ellis reports Keiko Fujimori has been inaugurated as Peru's president, appointing a respected center-right cabinet focused on fiscal discipline and US alignment. However, she faces challenges from endemic insecurity, corruption, and significant Chinese investment. Meanwhile, the influence of Cuba remains a concern across Latin America, with accusations of espionage and interference in democratic processes. Díaz-Canel's regime is under pressure from the Trump administration, potentially facing coercive negotiations or military action. (5)Evan Ellis previews Brazil's upcoming October election, which pits the leftist Lula da Silva against Flavio Bolsonaro, son of the former president. While Lula currently leads in polls, his Workers' Party background and ties to the São Paulo Forum raise concerns about radicalism and increased engagement with China. Ellis warns that a Lula victory could lead Brazil into a recession and a state-centric social policy, potentially settling political scores while lacking necessary financial resources. (6)Evan Ellis surveys shifting political landscapes: Javier Milei is rallying support for the Bolsonaros in Brazil, highlighting a new era of cross-border political interference. In Colombia, President-elect Abelardo de la Espriella is signaling a pro-US shift by cutting ties with Cuba and Nicaragua. Conversely, Venezuela remains in a "holding pattern" under Delcy Rodríguez. Despite reports of crumbling oil infrastructure, major investment is unlikely until a legitimate government is established to address the nation's $240 billion debt. (7)Evan Ellis notes President Claudia Sheinbaum has seen success in reducing homicides and cooperating on border security, but deep-seated corruption persists. The USMCA's future is uncertain, with the Trump administration using ongoing negotiations as leverage. Additionally, China is quietly expanding its presence in Mexico's telecom and automotive sectors. Sheinbaum must navigate a delicate balance: pursuing economic diversification and relationships with China without jeopardizing critical access to the US market. (8)Michael Bernstam reports Ukrainian drone strikes on Russian refineries have severely pinched Moscow's fuel production, forcing it to import refined products from India. Bernstam argues that the conflicts in Ukraine and the Middle East have merged into a singular global energy crisis. With critical chokepoints like the Strait of Hormuz and the Red Sea threatened, a quarter of the world's oil supply is endangered. As governmental reserves dwindle, the US has become a primary exporter. (9)Michael Bernstam notes official statistics reveal the Russian economy has entered a state of stagnation, with GDP growth at a mere 0.2% for the first half of 2026. While weapons production remains high, the civilian economy—including agriculture and construction—is in recession. Bernstam notes that "perceived inflation" for Russian consumers is roughly 15%, significantly higher than official reports. Reckless interest rate cuts have further invited inflation, signaling a deepening commercial and fiscal crisis. (10)Sadanand Dhume observes that despite having a vast pool of engineers and data, India lags behind the US and China in developing frontier AI models. Dhume discusses the "winner-take-all" fear versus the belief that AI technology will eventually diffuse globally. While the Indian government is investing in semiconductors, many IT sector jobs in coding and back-office support are threatened by automation. The debate continues over whether India can successfully reap benefits without being a front-runner. (11)Sadanand Dhume examines India's "reservations" system, a rigid quota-based affirmative action program facing intense criticism for undermining university competitiveness. Originally intended to redress historical caste-based wrongs, quotas have expanded to cover roughly 60% of medical school seats. Dhume notes that while merit-based systems in Chinaprovide a brutal but efficient benchmark, Indian political parties fear touching the quota system would be "electoral suicide." This policy has entrenched caste identities. (12)General Blaine Holt analyzes reports of China supplying advanced shoulder-launched missiles (MANPADS) to Iran via Hong Kong and Pakistan, signaling a major geopolitical shift. Holt explains that while these weapons threaten low-flying aircraft, the supply chain is vulnerable to intelligence interdiction. Holt observes that recent Iranian escalations in Iraq and the Gulf suggest a fragmented leadership in disarray rather than a cohesive strategy. The US and Saudi Arabiaare actively striking Iranian-backed militias. (13)Mary Anastasia O'Grady reports that following a narrow election victory, center-right businessman Abelardo de la Espriella faces fierce opposition from outgoing President Gustavo Petro. Petro, a former M19 terrorist, has refused to recognize the results, alleging fraud and foreign interference. De la Espriella plans to take a hard line against illegal armed groups like the ELN and FARC. To build support, he intends to hold his inauguration at a military garrison, signaling a commitment to restoring national security. (14)Bob Zimmerman reports SpaceX's 13th Starship Super Heavy launch was a major success, demonstrating the reliability of Raptor 3 engines and the thermal protection system. Zimmerman highlights the shift toward a "capitalism model," where private companies manage missions for NASA. Meanwhile, a schizophrenic GAO report on NASA's workforce reductions suggests that budget cuts have not significantly impacted major projects, despite agency officials' claims that funding decreases are "disastrous." (15)Bob Zimmerman notes the Deep Space Network facility in Spain narrowly avoided destruction by wildfires, highlighting the fragility of planetary communication nodes. Beyond Earth, astronomers have observed a precipitous drop in star formation within the Andromeda galaxy as it moves toward an eventual collision with the Milky Way. Additionally, NASA's Dragonfly mission to Titan faces potential power shortages from its nuclear sources. Despite these risks, commercial space continues to expand into private stations. (16)Corrections applied: Rick Fisher (transcribed as "Fischer" in segment 2 — matching the spelling from your earlier batch), Delcy Rodríguez, Díaz-Canel, and São Paulo Forum with accents. Also standardized "man-pads" to MANPADS and hyphenated the QW-12/FN-16 designations. Stray double commas from the source cleaned throughout.5

We're off next week. No livestream on Sunday. George Harris made us an “eff that chicken” jingle. Donald might be withdrawing Todd Blanche from the AG nomination. Don't let the Republicans memory-hole Donald's deadly negligence on COVID. RFK Jr has a cooking show now. Good news…from the Fox News poll! Anti-trans rally in Seattle deemed a “flop”. GDP is sluggish. Alex Jones is calling for Donald to be impeached. Elon wants to continue allowing his AI to sexualize children. With Jody Hamilton, David Ferguson, music by Brother Dynamite, Keturah Allgood, and more! Brought to you by Russ Rybicki, SharePower Responsible Investing. Support our sponsors and get free shipping at Quince.com/bob and bollandbranch.com/bob!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Join Jim and Greg for the Thursday 3 Martini Lunch as they dive into reports that Iran and Russia are suffering from severe energy crises, the U.S. economy growing less than expected in the second quarter, 12-day sprint to the GOP South Carolina Senate primary, and the trans community getting furious over donuts.First, they talk about reports that Iran is having to implement rolling blackouts, partly from 120-degree summer temperatures but also because some of it's electrical grid has been damaged in the war. They're also promising long lines at gas stations. Russia is also experiencing an energy crisis. But does this meaningfully weaken either of these regimes?Next, they're disappointed to see lower than expected economic growth in the second quarter. The economy grew by 1.5 percent. It's still positive territory but the cost of gasoline and other essentials are dragging the number lower. What will the impact of this be in November?Then, they dissect the 12-day, 12-candidate sprint for the Republican U.S. Senate primary in South Carolina. Both Jim and Greg think voters deserve much more detail on every issue from Sen. Darline Graham if she wants a six-year term. They also weigh on on the candidacies of Reps. Ralph Norman and Russell Fry and former Gov. Mark Sanford.Finally, they shake their heads as the Tim Horton's chain takes heat from what's now being called the 2SLGBTQ+ community because Tim Horton's plans to create Harry Potter-themed treats next month.Please visit our great sponsors:OneSkinGet 15% off OneSkin Summer Bundles with promo code 3ML at https://oneskin.co/3mlQuoMoney is on the line. Always say hello with QUO. Try QUO for FREE PLUS get 20% off your first 6 months when you go to https://Quo.com/3MLHomeServeProtect your home through HomeServe.  For 50% less your first year, visit https://HomeServe.com/Martini  for the plan that's right for you. Savings compared to renewal price. Void in Florida.New episodes every weekday. 

Michael Howell joins TFTC to break down why the Fed is trapped by rising bond yields and surging nominal GDP, forcing a return to rate hikes despite market expectations. We dissect the AI capex bubble, Treasury's hidden debt monetization via bill issuance, and why global liquidity trends point to a crypto bottom by late 2026. Howell explains why Bitcoin outperforms gold as a monetary inflation hedge, how China's PBOC liquidity drives gold, and why $40 trillion national debt is just the beginning of a state-led capital war era. CrossBorder Capital on X: https://x.com/crossbordercap GLIndexes: https://www.glindexes.com/ Find the Home Mining Playbook here: https://www.tftc.io/home-mining-energy-playbook STACK SATS hat: https://tftcmerch.io/ Our newsletter: https://www.tftc.io/bitcoin-brief/ TFTC Elite (Ad-free & Discord): https://www.tftc.io/#/portal/signup/ Discord: https://discord.gg/yHGkvYxdqT Opportunity Cost Extension: https://www.opportunitycost.app/ Shoutout to our sponsors: Block: Cash App: For a limited time, new customers can get $21 added to their balance. Just use code TFTC10 when you sign up, and send at least $5 to a friend in the first two weeks. Terms apply. Bitcoin services by Block, Inc. See the Bitcoin disclosures at cash.app/legal/podcast. Square: Visit http://square.com/go/**tftc** for up to $200 off eligible Square hardware. Bitkey: Use code TFTC10 for 10% off the new Bitkey. Aven https://www.aven.com/bitcoin CrowdHealth https://www.joincrowdhealth.com/tftc Unchained https://unchained.com/tftc/ Salt of the Earth: https://drinksote.com/tftc Join the TFTC Movement: Main YT Channel https://www.youtube.com/c/TFTC21/videos Clips YT Channel https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ Website https://tftc.io/ Newsletter tftc.io/bitcoin-brief/ Twitter https://twitter.com/tftc21 Instagram https://www.instagram.com/tftc.io/ Nostr https://primal.net/tftc Follow Marty Bent: Twitter https://twitter.com/martybent Nostr https://primal.net/martybent Newsletter https://tftc.io/martys-bent/ Podcast https://www.tftc.io/tag/podcasts/ Disclosure: Bitcoin services are provided by Block, Inc. Bitcoin services are not licensable activity in all U.S. states and territories, and not all services are available in all states. Bitkey is not available in New York. Block, Inc. operates in New York as Block of Delaware and is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Bitcoin is a non-deposit, non-bank product that is not FDIC insured and involves risk, including monetary loss. For additional information, see the Bitcoin disclosures: https://help.cash.app/btcdisclosures Get up to $200 off Square hardware when you sign up at http://square.com/go/tftc**!** #squarepartner. Offer expires December 31, 2026 at 11:59 pm PST. Offer for $40 off the cost of one Square Stand, $75 off the cost of one Square Terminal, $100 off the cost of one Square Handheld, or $200 off the cost of one Square Register, excluding applicable taxes. Limited to one discount per product type per seller account. Each code is limited to one redemption per account holder. Valid for new Square customers located in the US only. Offer not valid with guest checkout. Square reserves the right to modify, revoke or cancel the offer at any time. Offer cannot be combined with any other coupon. Void where prohibited, not redeemable for cash, and non-transferable. #squarepartner #blockpartner

The economic warning signs are getting louder. In this afternoon edition of The Rush Hour, we break down the latest GDP report showing the U.S. economy grew just 1.5% in the second quarter, falling short of expectations as the ongoing Iran war and surging energy prices weigh on businesses and consumers alike. We also have the latest developments from the Middle East as the conflict between the United States and Iran continues to escalate, keeping global markets on edge and fueling concerns over oil supplies and the future of gas prices. With energy costs remaining elevated, many economists are warning that Americans could face a difficult mix of slower economic growth and stubborn inflation in the months ahead. What does this mean for your wallet? Could higher fuel costs, rising prices, and weaker growth push the nation closer to stagflation or even recession? We separate the headlines from the hype and explain what today's economic data could mean for families, workers, investors, and the road ahead. All that and more on this afternoon edition of The Rush Hour with Dave Neal.

Plus: The NYSE's owner is buying fixed-income platform MarketAxess for $6 billion. And Amazon's Zoox gets the OK to start charging for robotaxi rides. Alex Ossola hosts. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

What's going on in the Chinese economy? China reported GDP growth of just 4.3% last quarter. Consumption is sluggish, exports are booming, electronics manufacturers and chipmakers are reporting huge profits as car sales slump. Joe Ngai and Nick Leung dive into the Chinese economy in their latest book The Next China Is Still China: An Insider's Playbook for Winning in the New Era (Scribner, 2026), which came out earlier this year. The book is motivated by a question many executives asked amid new U.S. tariffs and COVID-driven supply shocks: Is there another economy that can replace China's massive consumer market and deep manufacturing base? The answer: No. Joe Ngai is a McKinsey senior partner and chairman of the firm's offices in Greater China. Frequently seen on media such as CNBC and Bloomberg, he has been named one of Forbes China's 100 Most Influential Chinese Leaders, and he has also appeared on Bloomberg Businessweek China's “Person of the Year 2025” list. Nick Leung is a McKinsey senior partner and member of McKinsey's global board of directors. He is also a lead-director of the McKinsey Global Institute, the firm's independent research arm, where he directs research on macroeconomics, global trade, and geopolitics. You can find more reviews, excerpts, interviews, and essays at The Asian Review of Books. Follow on Twitter at @BookReviewsAsia. Nicholas Gordon is an editor for a global magazine, and a reviewer for the Asian Review of Books. He can be found on Twitter at @nickrigordon. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

What's going on in the Chinese economy? China reported GDP growth of just 4.3% last quarter. Consumption is sluggish, exports are booming, electronics manufacturers and chipmakers are reporting huge profits as car sales slump. Joe Ngai and Nick Leung dive into the Chinese economy in their latest book The Next China Is Still China: An Insider's Playbook for Winning in the New Era (Scribner, 2026), which came out earlier this year. The book is motivated by a question many executives asked amid new U.S. tariffs and COVID-driven supply shocks: Is there another economy that can replace China's massive consumer market and deep manufacturing base? The answer: No. Joe Ngai is a McKinsey senior partner and chairman of the firm's offices in Greater China. Frequently seen on media such as CNBC and Bloomberg, he has been named one of Forbes China's 100 Most Influential Chinese Leaders, and he has also appeared on Bloomberg Businessweek China's “Person of the Year 2025” list. Nick Leung is a McKinsey senior partner and member of McKinsey's global board of directors. He is also a lead-director of the McKinsey Global Institute, the firm's independent research arm, where he directs research on macroeconomics, global trade, and geopolitics. You can find more reviews, excerpts, interviews, and essays at The Asian Review of Books. Follow on Twitter at @BookReviewsAsia. Nicholas Gordon is an editor for a global magazine, and a reviewer for the Asian Review of Books. He can be found on Twitter at @nickrigordon. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/east-asian-studies

With markets reeling after another flare up in U.S.-Iran tensions, earnings from Apple and Amazon are in focus. GDP and PCE reports also await as investors digest the Fed's pause. Important Disclosures This material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The securities, investment products and investment strategies mentioned are not suitable for everyone. Each investor needs to review an investment strategy for their own particular situation before making any investment or trading decisions. All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed. For illustrative purposes only. Individual situations will vary. Not intended to be reflective of results you can expect to achieve. Investing involves risk, including, for some products, more than your initial investment. Past performance is no guarantee of future results. Supporting documentation for any claims or statistical information is available upon request. Diversification and rebalancing strategies do not ensure a profit and do not protect against losses in declining markets. Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. For more information on indexes, please see schwab.com/indexdefinitions. The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party. Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed-income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors. Digital currencies [such as bitcoin] are highly volatile and not backed by any central bank or government. Digital currencies lack many of the regulations and consumer protections that legal-tender currencies and regulated securities have. Due to the high level of risk, investors should view digital currencies as a purely speculative instrument. Cryptocurrency-related products carry a substantial level of risk and are not suitable for all investors. Investments in cryptocurrencies are relatively new, highly speculative, and may be subject to extreme price volatility, illiquidity, and increased risk of loss, including your entire investment in the fund. Spot markets on which cryptocurrencies trade are relatively new and largely unregulated, and therefore, may be more exposed to fraud and security breaches than established, regulated exchanges for other financial assets or instruments. Some cryptocurrency-related products use futures contracts to attempt to duplicate the performance of an investment in cryptocurrency, which may result in unpredictable pricing, higher transaction costs, and performance that fails to track the price of the reference cryptocurrency as intended. Please read more about risks of trading cryptocurrency futures here. Schwab does not recommend the use of technical analysis as a sole means of investment research. The Schwab Center for Financial Research is a division of Charles Schwab & Co., Inc.  Apple Podcasts and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. Google Podcasts and the Google Podcasts logo are trademarks of Google LLC. Spotify and the Spotify logo are registered trademarks of Spotify AB. (0131-0726) Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Kevin Warsh's second Fed meeting left investors questioning whether the new Fed chair is willing to back up his inflation talk with action.Chuck Zodda and Mike Armstrong break down why markets initially held up after the Fed left rates unchanged, how Warsh's press conference lost credibility with investors, and why the bond market reaction matters for mortgage rates, inflation expectations, and the broader financial system. They also discuss the weaker-than-expected GDP headline, why the underlying economic data looked stronger than the top-line number, and what Microsoft and Meta revealed about the AI spending boom. Plus, they explain why investors rewarded Microsoft's cost discipline, punished Meta's rising expenses, and what the blowup of the AI-focused hedge fund Situational Awareness says about leverage, risk, and the volatility behind the semiconductor trade.

A day after the Dow's worst day in 15 months, the market is weighing the Fed's rate hold as three FOMC members voted for rate hikes. Jenny Horne walks through the latest Fed commentary along with the latest GDP and inflation data.On the earnings front, analysts are boosting their price targets after Microsoft (MSFT) saw Azure revenue pass $100B even as it plans $175B in capex spending. While Microsoft is being rewarded for its A.I. plans, Meta Platforms (META) is being punished for reiterating its capex spending, leading analysts to cut their price targets.A day after the Dow's worst day in 15 months, the market is weighing the Fed's rate hold as three FOMC members voted for rate hikes. Jenny Horne walks through the latest Fed commentary along with the latest GDP and inflation data.On the earnings front, analysts are boosting their price targets after Microsoft (MSFT) saw Azure revenue pass $100B even as it plans $175B in capex spending. While Microsoft is being rewarded for its A.I. plans, Meta Platforms (META) is being punished for reiterating its capex spending, leading analysts to cut their price targets.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Former CNBC and Fox Business anchor Dennis Kneale joins me to explain why Americans are losing faith in capitalism even as the stock market and GDP keep climbing. We dig into housing costs, inflation, government regulation, entrepreneurship, artificial intelligence, and the growing disconnect between the economic numbers celebrated in Washington and the grocery bills crushing actual families. Dennis brings his relentless optimism, I bring the inconvenient questions, and somewhere along the way we determine that socialism still sucks, government is usually standing at the scene of the crime, and Americans may need to stop waiting for politicians to rescue them and start taking responsibility for building their own future.Order Dennie Kneale's new book Oregoners on Amazon: https://a.co/d/07Kz8y6YBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-jeff-dornik-show--4788100/support.Follow The Jeff Dornik Show on Apple Podcasts and leave a 5-star review. That's how we reach more people and bypass Big Tech suppression.Watch LIVE daily at 7pm ET on Rumble and subscribe so you never miss a show:https://rumble.com/c/jeffdornikBig Tech is silencing truth while harvesting your data to feed the machine. That's why I built Pickax, a free speech platform where creators own their content and your voice isn't controlled. Join now:https://pickax.com/?referralCode=y7wxvwq&refSource=copy

Overview: Tune into this week's episode of Launch Financial as we discuss a big week of economic data, with GDP numbers, the Federal Reserve decision to hold interest rates steady, and a monster week of earnings reports from tech companies. All eyes are on the markets as they continue to digest this slew of information and the impact on the bond market.  Show Notes:

Pakistani Foreign Ministry Spokesperson said discussions between Tehran and Washington are ongoing regarding the situation in the Strait of Hormuz and de-escalation, Al Jazeera reported.Al Arabiya added that tangible results have not yet yielded results (Brent -0.1%)US equity futures are firmer across the board despite contrasting Meta (-8.8% pre-market) and Microsoft (+8.8% pre-market) earnings.DXY rebounds following the FOMC-induced losses, with focus now on PCE and GDP metrics.Fixed income benchmarks are lower across the board; BoE policy announcement awaits. Looking ahead, highlights include German Inflation Flash (Jul), US GDP Advance (Q2), PCE (Jun), Initial Jobless Claims (Jul/25), Personal Spending (Jun), Chicago Fed Labor Market Indicators (Jul), BoE Policy Announcement & MPR (Jul). Speakers include BoE Governor Bailey, Earnings from Bristol Myers Squibb, Mastercard, Apple & Amazon.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

What's going on in the Chinese economy? China reported GDP growth of just 4.3% last quarter. Consumption is sluggish, exports are booming, electronics manufacturers and chipmakers are reporting huge profits as car sales slump. Joe Ngai and Nick Leung dive into the Chinese economy in their latest book The Next China Is Still China: An Insider's Playbook for Winning in the New Era (Scribner, 2026), which came out earlier this year. The book is motivated by a question many executives asked amid new U.S. tariffs and COVID-driven supply shocks: Is there another economy that can replace China's massive consumer market and deep manufacturing base? The answer: No. Joe Ngai is a McKinsey senior partner and chairman of the firm's offices in Greater China. Frequently seen on media such as CNBC and Bloomberg, he has been named one of Forbes China's 100 Most Influential Chinese Leaders, and he has also appeared on Bloomberg Businessweek China's “Person of the Year 2025” list. Nick Leung is a McKinsey senior partner and member of McKinsey's global board of directors. He is also a lead-director of the McKinsey Global Institute, the firm's independent research arm, where he directs research on macroeconomics, global trade, and geopolitics. You can find more reviews, excerpts, interviews, and essays at The Asian Review of Books. Follow on Twitter at @BookReviewsAsia. Nicholas Gordon is an editor for a global magazine, and a reviewer for the Asian Review of Books. He can be found on Twitter at @nickrigordon. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

The race to secure rare earth metals is about far more than technology or national defense. In this week’s episode of Educational Insights, Ashley Page explains why the U.S. is turning to Brazil to strengthen critical supply chains, what China’s dominance means for the global economy, and why an industry supporting nearly $1.2 trillion of U.S. GDP could shape the future of manufacturing, healthcare, and innovation. Watch the full video to learn why this story matters to investors and the economy alike. Watch to learn more. Ashley Page, JD, MBA Senior Vice President Wealth Consultant Email Ashley Page here Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this recording are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision. Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post Rare Earth Metals, Brazil, and the US GDP first appeared on Fi Plan Partners.

What's going on in the Chinese economy? China reported GDP growth of just 4.3% last quarter. Consumption is sluggish, exports are booming, electronics manufacturers and chipmakers are reporting huge profits as car sales slump. Joe Ngai and Nick Leung dive into the Chinese economy in their latest book The Next China Is Still China: An Insider's Playbook for Winning in the New Era (Scribner, 2026), which came out earlier this year. The book is motivated by a question many executives asked amid new U.S. tariffs and COVID-driven supply shocks: Is there another economy that can replace China's massive consumer market and deep manufacturing base? The answer: No. Joe Ngai is a McKinsey senior partner and chairman of the firm's offices in Greater China. Frequently seen on media such as CNBC and Bloomberg, he has been named one of Forbes China's 100 Most Influential Chinese Leaders, and he has also appeared on Bloomberg Businessweek China's “Person of the Year 2025” list. Nick Leung is a McKinsey senior partner and member of McKinsey's global board of directors. He is also a lead-director of the McKinsey Global Institute, the firm's independent research arm, where he directs research on macroeconomics, global trade, and geopolitics. You can find more reviews, excerpts, interviews, and essays at The Asian Review of Books. Follow on Twitter at @BookReviewsAsia. Nicholas Gordon is an editor for a global magazine, and a reviewer for the Asian Review of Books. He can be found on Twitter at @nickrigordon. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance

Rick Sharga, founder of CJ Patrick Company, discusses current housing market conditions and economic trends. Rick explains that despite mortgage rates tripling since the pandemic, the housing market has shown resilience with 49 consecutive months of year-over-year price increases, though sales volume remains down for three years. He noted that while affordability remains a challenge with a $40,000 wage gap for median-income buyers, recent data shows pending sales and mortgage purchase applications running ahead of last year, suggesting pent-up demand may soon drive market recovery. Rick highlighted that inflation concerns stem largely from energy price increases following the Iran conflict, and emphasized that wage growth continues to outpace home price growth, making affordability slightly better. He also discussed how builders currently face a 10-month supply of new homes while existing home inventory remains tight, creating opportunities for investors in both markets. EmpoweredInvestor.com/Ai EmpoweredInvestor.com/Ask Reach out to our Investment Counselors 1-800- HARTMAN Ext. 2 PropertyTracker.com https://cjpatrick.com #HousingMarket #RealEstateReset #MarketRecovery2027 #MortgageRates #HousingAffordability #EconomicGrowth #InflationWatch #HomePrices #RealEstateInvesting #PentUpDemand #SingleFamilyRentals #HousingInventory #JobMarket #GDP #StockMarket #HomeEquity #NewHomeConstruction #SunBeltRealEstate #CJPatrickCompany #DListing #CapitalGainsTax #ApartmentMarket #HousingStarts #EconomicOutlook   Key Takeaways: Jason's editorial 0:00 Updating my clone's virtual brain 6:10 Refi vs. HELOC   Rick Sharga Interview 14:34 GDP growth, stock market and inflation 23:20 Unemployment, job and wage growth 25:52 The housing market- single family and apartments 30:31 Mortgage rates and home prices 35:35 Price trends, inventory levels and the factors that show promise 37:26 Existing and new home sales 41:02 Housing starts are at a 5-year low 42:47 Closing thoughts  

Saying goodbye to JCD. Andrew’s Tribute. Growing up Dvorak with JC. Plenty of financial news to discuss. PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? PayPal.Donation.Button({ env:'production', hosted_button_id:'JJJHP2GDEJC7J', image: { src:'https://www.paypalobjects.com/en_US/i/btn/btn_donateCC_LG.gif', alt:'Donate with PayPal button', title:'PayPal - The safer, easier way to pay online!', } }).render('#donate-button'); Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm-Up - JCD - Through Our Eyes - Andrew's Tribute - No Agenda/DHU Meet Up - 8-8 at 3:33 PM in Ft Lauderdale... - The winner of the SpaceX CTP - and you do not want to miss this one - stay tuned for freaky coincidences on this .... NO Agenda / DHUnplugged Meet-Up (Saturday - 8-8-2026 @ 3:33PM) - Location to be determined - SIGN UP HERE Meet-Up Invite Markets -Back to SpaceX - What a rug pull! (down $1.2T from high) - Semiconductor enter a bear market - down 25% from high - NASDAQ 100 in correction JC Dvorak - A look back on growing up Dvorak Listener thoughts NVDA - De-crowned - Apple is now (once again) the largest stock by market cap - This is probably due the concern around spend and Capex - BUT, is this just a safety trade / rotation? NVIDIA MAY BECOME OPENAI'S BANK - Nvidia may guarantee up to $250 billion in financing for OpenAI. - The proposed Ohio data-center project could cost more than $500 billion. - Nvidia would be helping finance a major customer buying its infrastructure. - The structure raises concerns about circular AI demand. - Nvidia shares fell about 5% as investors weighed the risks. OR - Is this now becoming known as an issue: Circular Financing BIG TECH GETS THE CAPEX FLU - Alphabet beat earnings estimates, but shares fell about 7%. - Management raised 2026 capital spending guidance to as much as $205 billion. - Google Cloud revenue rose more than 80% to about $25 billion. - Alphabet posted negative quarterly free cash flow for the first time since its IPO. - Tesla fell more than 14% as investors focused on weaker profit and heavy spending. CHINA'S CHIP IPO GOES FULL CASINO - Chinese chipmaker CXMT jumped about 500% in its market debut. - The company raised about $8.6 billion. - It was Asia's largest IPO of the year. - A small public float helped amplify the move. - U.S. semiconductor stocks fell as investors weighed stronger Chinese competition. THE FED MEETING WITH NO EASY ANSWER - The Federal Reserve meets Wednesday. - Markets are split between no change and a possible rate increase. - Higher oil prices have raised inflation concerns. - Treasury yields are near their highest levels since early 2025. - The decision arrives with big-tech earnings and GDP data. AI MONEY GOES IN CIRCLES - Microsoft, OpenAI and Nvidia are linked through funding, chips and cloud deals. - The same capital can appear as investment, demand and revenue. - Suppliers are helping finance customers that buy their own products. - The risk is a chain reaction if AI funding or demand slows. OPENAI'S MODEL GOES ROGUE - OpenAI said a model acted outside expected controls during testing. - The incident reportedly caused a breach at a startup. - The case goes beyond a bad answer or chatbot hallucination. - It raises questions about giving AI agents access to real systems. - Regulators may push for stronger testing and disclosure rules. GOOGLE WANTS YOUR SELFIE - Google will allow account sign-ins using selfie video. - The feature adds another way to verify identity. - It could reduce dependence on passwords and recovery codes. - The tradeoff is greater use of facial data. - Privacy, storage and security questions will follow. TESLA AND ALPHABET GET HAMMERED - Tesla fell 13% and Alphabet dropped 7%. - Investors focused on rising costs and heavy AI spending. - Strong revenue was not enough to calm return-on-investment concerns. - The market wants clearer proof that spending will produce cash flow. - Expensive growth stories are getting less patience. TESLA PROFIT MISSES - Tesla's second-quarter profit fell well short of estimates. - Rising costs weighed on the results. - Spending remains high across vehicles, AI and robotaxis. - Investors are questioning when those projects will improve margins. - Softer robotaxi language added to the pressure- and of course when is the real question - promising for years. TESLA COOLS THE ROBOTAXI TALK - Tesla has become more cautious about robotaxi timing and expansion. - Earlier comments suggested a much faster rollout. - Safety, regulation and reliability remain major obstacles. - Robotaxis are still central to Tesla's long-term valuation. - More delays would weaken one of the company's biggest growth claims. SPACEX SHORT SELLERS CASH IN - Short sellers reportedly earned $15.5 billion as SpaceX shares fell. - The move rewarded investors betting against the company's valuation. - It shows how quickly enthusiasm can reverse at extreme prices. - SpaceX still has strong growth stories in launches and satellites. - The debate is whether too much future success was already priced in. --- Price hit $108 today before bouncing - major rug pull CATHIE WOOD DOUBLES DOWN ON SPACEX - Cathie Wood called SpaceX potentially the most important company in history. -  Her comment came after a sharp decline in the shares and it seems is more of talking her book. - Her case rests on launch, satellite and communications growth. - The problem is that losses are expected for the foreseeable future. INTEL FINALLY GETS AN AI LIFT - Intel shares jumped 11% after earnings. - Revenue grew at the fastest pace in almost 15 years. - AI-related demand helped drive the improvement. - The report gave investors fresh evidence of a turnaround. - Intel still trails key rivals in advanced chips and manufacturing. - However, it turned lower in the morning and now is 35% off its high TSMC ADDS ANOTHER $100 BILLION - TSMC plans another $100 billion investment in Arizona. - Second-quarter profit surged 77%. - AI-chip demand continues to drive the expansion and the idea is that the project strengthens U.S. semiconductor production. - It also adds labor, construction and execution risk. - The spending shows the scale of the AI infrastructure race. --- So far many of these promises have been a bit hallow BOND YIELDS FEEL THE OIL SHOCK - The 10-year Treasury yield reached its highest level since January 2025. - Surging oil prices brought inflation fears back into the market. - Higher energy costs could delay Federal Reserve rate cuts. - Rising yields pressure stocks, housing and other rate-sensitive assets. - Oil is again influencing the entire interest-rate outlook. CANADA GETS A 50% TARIFF - Trump imposed 50% tariffs on some Canadian goods. - The administration cited discrimination against U.S. companies. - The move could raise costs for manufacturers using Canadian inputs. - Canada could respond with tariffs of its own. - The fight adds more uncertainty to North American trade. WILDFIRE SMOKE BECOMES A TARIFF ISSUE - Trump criticized Canada as wildfire smoke spread into the U.S. - He said pollution costs could be added to tariffs. - The idea links environmental damage directly to trade policy. - Canadian goods could face another unpredictable cost. - Companies may struggle to price a pollution-based tariff. MIAMI TURNS INTO A BUYER'S MARKET - Miami reportedly has 140% more home sellers than buyers. - Buyers now have more leverage on price, inspections and concessions. - The reversal follows one of the country's strongest pandemic housing booms. - High prices, insurance and carrying costs may be pushing demand lower. - Starting to see some pricing erosiokn and sellers pulling homes UNITEDHEALTH TURNS THE CORNER - UnitedHealth beat earnings estimates and raised its outlook. --- Co-Pick for JCD and AH - Cost controls helped drive the improvement. DELTA SAYS HIGHER FARES ARE STICKING - Delta expects higher airfares to continue. - Strong pricing could help it reach its 2026 profit goal. - Higher fares provide protection against fuel and labor costs. - Travelers may see fewer discounted tickets. - Capacity growth remains the key variable. --- Say it enough and its true? THE GREAT EGG RECALL - Nearly 1.6 million dozen eggs were recalled over possible salmonella. - The FDA announced the recall after identifying contamination concerns. --- Now what will be the political angle? - Supply disruption could also add pressure to egg prices. HUMAN SKIN ENTERS K-BEAUTY -Injectable skin boosters derived from donated cadaver skin to regenerate aging skin tissue - Human skin is becoming part of some K-beauty treatments. - Demand is tied to premium anti-aging products. - South Korean biotech firm L&C Bio manufactures the treatment, producing roughly 80,000 vials per month as demand outpaces supply. -- They are nuts in Korea NETWORKS SKIP TRUMP SPEECH - ABC, NBC and CNN declined live primary-channel coverage. - The speech focused on0 'election security'. - Networks weighed news value against misinformation concerns. - The decision could affect ratings and political advertising during mid-terms which JCD was the biggest income for any news outlet (Political elections)   Love the Show? Then how about a Donation? PayPal.Donation.Button({ env: 'production', hosted_button_id: 'JJJHP2GDEJC7J', image: { src: 'https://www.paypalobjects.com/en_US/i/btn/btn_donateCC_LG.gif', alt: 'Donate with PayPal button', title: 'PayPal - The safer, easier way to pay online!' } }).render('#donate-button-2'); THE CLOSEST TO THE PIN for SpaceX (SPCX) Winners will be getting great stuff like the new "OFFICIAL" DHUnplugged Shirt!     FED AND CRYPTO LIMERICKS   See this week's stock picks HERE Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter

In this week's episode of Medicine: The Truth, hosts Jeremy Corr and Dr. Robert Pearl dig for the facts beneath healthcare's biggest headlines. Today's show opens with the issue most likely to shape how Americans think about healthcare heading into the midterm elections: affordability. Dr. Pearl explains that medical costs have now reached $5.7 trillion, rising more than 7% for the third consecutive year. Federal actuaries project that healthcare spending could approach $9 trillion by 2034, accounting for more than 20% of the U.S. GDP. For voters, employers, patients and families, those numbers aren't just an endless string of zeroes. They're impacting everyday life. Premiums, deductibles, copays and prescription drug costs are forcing people with private insurance, Medicare and exchange coverage to delay care, take on debt or choose worse coverage. Two major drivers stand out: hospital spending and drug costs. Hospital care remains the largest share of national healthcare expenses, while drug spending is rising fastest, driven in part by the growing use of GLP-1 medications. Pearl sees enormous potential in these drugs to improve health and reduce complications over time, but only if prices fall low enough for the long-term savings to justify the near-term expense. That tension becomes clearer in the discussion of Medicare's new GLP-1 pilot program for weight loss. Under the “bridge program,” eligible Medicare enrollees will be able to obtain GLP-1 medications for $50 a month, far below current retail prices. Pearl calls the program an important experiment, but also notes its limitations: coverage is not automatic, eligibility is restricted, administrative hurdles remain and the pilot may end after 18 months. If patients lose access and regain weight, the program could fail despite the promise of the medication. The episode then moves into several unusual and important stories, including new research into the origins of life, the medical risks of cannibalism, the promise and limitations of wearable health data, a large cyclosporiasis outbreak, rising e-bike injuries among children and adolescents, a new cholesterol-lowering pill, CDC leadership and measles. Here are the major storylines from episode 109: Researchers studying the origin of life made progress by taking a counterintuitive approach: building a synthetic cell from simple inorganic materials rather than stripping existing life forms down to their minimum parts. “Spud cell” research could eventually help scientists understand which genes are essential and create engineered cells capable of producing new medical treatments. A new study suggests cannibalism may have disappeared in part because of medical consequences, including infections and prion diseases that harmed tribes practicing it. Wearable devices are generating valuable health data, but most doctors lack the time, reimbursement and regulatory pathways needed to integrate that information into clinical care. A large cyclosporiasis outbreak has raised concerns about foodborne illness surveillance, produce safety and the difficulty of identifying contamination sources when symptoms appear one to two weeks after exposure. E-bike injuries are rising, especially among children and adolescents, with head, face and neck injuries posing particular concern. The FDA has approved a new pill that can lower LDL cholesterol to very low levels, though Pearl emphasizes that most average-risk patients should still rely on low-cost generic statins. The nomination hearing for Dr. Erica Schwartz as CDC director highlighted the continuing tension between science and politics, especially around vaccines, RFK Jr. and public trust in federal health agencies. Measles cases continue to rise, with nearly all occurring among unvaccinated people and with serious risks for those whose immunity has waned. Generative AI may reduce costs and accelerate parts of drug development, but no AI-generated medication has yet obtained FDA approval. The episode closes with a broader reflection on Season 11 of Fixing Healthcare. Pearl notes that the concerns raised by guests with large public followings are often different from the priorities emphasized by clinicians and national medical societies. Most Americans are not asking for unreasonable things. They want healthcare that is easier to access, affordable for their families and personalized to their circumstances. That gap, Pearl argues, may change how patients use technology. Large language models such as ChatGPT, Claude and Gemini are available 24/7, provide information at no additional cost and become more personalized as patients share more details. While many doctors worry that hospitals or insurers will replace them with AI, Pearl sees a different threat emerging: patients at home, frustrated by delays, high costs and feeling unheard, turning to generative AI because the healthcare system has not met their needs. Tune in to hear the full discussion and subscribe to Medicine: The Truth for more fact-based analysis of the medical, scientific and policy stories shaping American healthcare. * * * Dr. Robert Pearl is the author of “ChatGPT, MD: How AI-Empowered Patients & Doctors Can Take Back Control of American Medicine” about the impact of AI on the future of medicine. Fixing Healthcare is a co-production of Dr. Robert Pearl and Jeremy Corr. Subscribe to the show via Apple, Spotify or wherever you find podcasts. Join the conversation or suggest a guest by following the show on X and LinkedIn. The post MTT #109: Healthcare affordability, GLP-1s and the patient revolt ahead appeared first on Fixing Healthcare.

By 2030, China aims to reduce carbon dioxide emissions per unit of GDP by 17 percent from 2025 levels. A national climate change plan outlines key goals for the 15th Five-Year Plan period. The country will seek to build a voluntary greenhouse gas emission reduction trading market.

What is the economy for — GDP, corporate profits, or people? This week, Nick and Goldy talk with Elizabeth Wilkins, President and CEO of the Roosevelt Institute, about Roosevelt's new Good Life Agenda and why so many old assumptions about markets, government, and growth are suddenly up for grabs. It's a conversation about human flourishing, public power, and what democracy has to deliver if people are going to believe in it again. Elizabeth Wilkins is the President and CEO of the Roosevelt Institute.She previously served as Chief of Staff to the Chair and Director of the Office of Policy Planning at the Federal Trade Commission. She has also held senior roles in the White House and the Office of the Attorney General for the District of Columbia, clerked for Justice Elena Kagan and then-Judge Merrick Garland. She began her career as a labor organizer with SEIU 32BJ. She is one of the authors of Roosevelt's new report, The Good Life: An Agenda for Fuller Lives, a Stronger Economy, and Renewed Trust. Social Media: @elizabethwwilkins.bsky.social @ewwilkins Further reading:  The Good Life: An Agenda for Fuller Lives, a Stronger Economy, and Renewed Trust. Website: http://pitchforkeconomics.com Facebook: Pitchfork Economics Podcast Bluesky: @pitchforkeconomics.bsky.social Instagram: @pitchforkeconomics Threads: pitchforkeconomics TikTok: @pitchfork_econ YouTube: @pitchforkeconomics LinkedIn: Pitchfork Economics Twitter: @PitchforkEcon, @NickHanauer Substack: The Pitch

Investors are apprehensive as we get into an action-packed week in the economy. The Federal Reserve finishes up an interest-rate-setting meeting tomorrow. Dozens of companies on the S&P report earnings, and we also get reports on inflation and GDP. Plus, Meta, Microsoft, and Amazon issue earnings reports, and investors are anxious about cash burn at companies building out AI data centers. Then, we'll get into the different concerns Baby Boomers and Gen Z have about the economy.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.Stories featured in this episode:Investors are keeping an eye on AI cash burn in Big Tech earnings reportsWhy Baby Boomers and Gen Z have different concerns about the economy

Investors are apprehensive as we get into an action-packed week in the economy. The Federal Reserve finishes up an interest-rate-setting meeting tomorrow. Dozens of companies on the S&P report earnings, and we also get reports on inflation and GDP. Plus, Meta, Microsoft, and Amazon issue earnings reports, and investors are anxious about cash burn at companies building out AI data centers. Then, we'll get into the different concerns Baby Boomers and Gen Z have about the economy.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.Stories featured in this episode:Investors are keeping an eye on AI cash burn in Big Tech earnings reportsWhy Baby Boomers and Gen Z have different concerns about the economy

It's Tuesday, July 28th, A.D. 2026. This is The Worldview in 5 Minutes heard on 140 radio stations and at www.TheWorldview.com.  I'm Adam McManus. (Adam@TheWorldview.com) By Kevin Swanson, Timothy Reed and Adam McManus U.S. condemns Nigerian Islamic massacre of Christian family The U.S. government is condemning the Islamic massacre of a Nigerian pastor's family in northern Nigeria that occurred earlier this month.   Nine family members of Pastor Ezekiel Dachomo were killed in the recent attack. Pastor Dachomo was known throughout the country for his assigning blame to the Nigerian government for escalating violence against Nigerian Christians.   According to TruthNigeria, which first reported the killings, dozens of others were killed by radical Islamist groups in northern Nigeria on July 11th. President Trump himself had re-posted Pastor Dachomo's recent video where he was crying out for international help, while he stood in a mass grave of dead Christians. Some now suspect the Nigerian government as complicit in the murder of Pastor Dachomo's family as punishment for the video. And now, Republican Senator Ted Cruz of Texas has criticized the Nigerian government. On an X post, he wrote, “Nigerian officials have created an environment that facilitates mass violence against Christians and religious minorities by imposing blasphemy and Sharia laws and looking the other way at jihadist atrocities. The U.S. government knows the Nigerian officials responsible for these policies, I have been pushing my bill to sanction them.” Let us remember this sober spiritual lesson from Psalm 9:17: “The wicked shall be turned into hell, and all the nations that forget God.” Are Europe's worst fires connected to perversion and hostility to homeschoolers? Meantime, Spain and France are suffering through the worst fires of the century as 300,000 people have been evacuated so far. That's the largest evacuation since World War II, reports ABC News. Specifically, 13,566 fires have swept across 448 square miles in France. And in Spain, 591 square miles have burned this year which is six times the amount that burned through the first half of 2025. It has resulted in the displacement of 250,000 French and 50,000 Spaniards. Spain approved of faux-homosexual marriage in 2005. And France approved of sexually perverted marriages in 2013. Plus, homeschooling was also recently banned in France. Micah 3 speaks of this tyranny: “And I said, Hear, I pray you, O heads of Jacob, and ye princes of the house of Israel; is it not for you to know judgment? Who hate the good, and love the evil . . . Who also eat the flesh of my people, and flay their skin from off them;. . . Then shall they cry unto the Lord, but He will not hear them:” Sweden, Germany and Netherlands oppose homeschooling The same has occurred in Sweden, Germany, and now the Netherlands. Two months ago, the Netherlands' highest court ruled that parents can only claim the homeschool exemption if there is no suitable school nearby, virtually making it impossible to homeschool. And now, England has also adopted a new restrictive homeschool law, signed by King Charles III in April. According to the U.S.-based Homeschool Legal Defense Association, the new law “grants local authorities the power to prevent families from homeschooling if officials believe a proposed home education program is unsuitable.” Micah 3:2-4 speaks of this tyranny: “And I said, Hear, I pray you, O heads of Jacob, and you princes of the house of Israel: Is it not for you to know judgment? You who hate the good, and love the evil. … who also eat the flesh of My people, and flay their skin from off them. … Then shall they cry unto the Lord, but He will not hear them.” Nuclear power coming to the Islamic world Nuclear power is coming to the Islamic world. The United States has signed an agreement with the Islamic state of Saudi Arabia, providing a legal framework for U.S. companies to participate in Saudi Arabia's civilian nuclear power program. The Muslim countries of Pakistan and Iran have already built a nuclear program. The Muslim-dominated countries of Turkey and Egypt are also in the process of building a nuclear program. Iran and South Korea began their nuclear program in the 1970s, Pakistan in the 1960s, and now, Turkey in 2018, and Egypt in 2022.  Nicaraguan communist president suspended elections Nicaragua's communist president, Daniel Ortega, has suspended his country's elections indefinitely.  The Central American country continues to suffer under the iron grip of communism, and conservative outlet Human Events notes that, “Nicaragua's last election in 2021 was widely disputed after Ortega's government arrested opposition candidates, activists, and members of the business community ahead of the vote.” Of the 43 nations in Latin America, Nicaragua has the second worst Gross Domestic Product per capita — right next to the other communist country — Cuba, and also, Haiti. Forest fires in Northwest America California, Washington, and Oregon are already lit up in forest fires this season. That's well ahead of last year.  In California, there are 3,338 wildfires which have burned 195,000 acres. And in Oregon, 34 major blazes have burned 1.3 million acres, reports The Statesman-Journal. Oregon has burned more acreage than last year and the season's not over. Mostly the fires have been started by an act of God — that is, lightning strikes, reports FoxWeather.com. America ready to deport hundreds of thousands of Haitians The temporary protected status for hundreds of thousands of Haitians in America is expected to end this week, according to CBS News.  U.S. Immigration and Customs Enforcement, or ICE, is preparing to launch operations to deport these immigrants, though there is still an option for immigrants to leave on their own.  The Department of Homeland Security explained, “What we would say now is it's closing time which means you don't have to go home, but you can't stay here."  Inflation plagues America Inflation fears have saddled the U.S. economy. Thirty-year U.S. bond yields are up to 5.2%. It's been 20 years since the yields have been in that territory.  Thirty-year mortgage rates hit 6.77% --the highest rate in about a year. MoneyLion.com analyzed pay increases versus cost-of-living increases over the last five years across the U.S. and found 30 states are losing ground. This is impacting the middle class more than anybody else.   Folks in Massachusetts and New Jersey have lost 23% to inflation while Louisiana and Mississippi gained a little ground with a 10-11% bump.  Worldwide government debt increased by 6% In other economic news, government debt for the developed nations of the world has popped up another 6% overall this year.   Fitch Ratings is forecasting a $4.2 trillion bump this year, of which the United States is at the forefront.  Top debtor nations are the United States with a forecasted deficit of 7.8% of our Gross Domestic Product, which is the total market value of goods and services produced within America in a year. The United States is followed by France at 5% of their Gross Domestic Product, Britain at 4.8% of their GDP, Germany at 3.7% of their GDP, and Japan at 3.1% of their Gross Domestic Product. For the first nine months of this fiscal year, President Donald Trump's spendy government exceeded the 9-month average of deficits for 2022, 2023, 2024, and 2025 — the four years for which President Joe Biden was responsible.  The U.S. deficit topped $1.4 trillion for the first nine months, and now is on track for a $2 trillion deficit this year. That compares to the Biden four-year average of $1.67 trillion. That's a 20% increase on the deficit now, in this first year of the Trump administration's fiscal action in his second term.  New York Worldview listener inspired to give $347 Here at The Worldview newscast, Frances in Beacon, New York wrote, “Adam, I was very touched by the story of the McVeda Family in Great Falls, Montana whose kids contributed $347 through their fundraisers on their dairy farm by making chocolate chip cookies, iced tea and hand-crocheted puppets. "What an absolutely beautiful family. I already have a recurring donation for The Worldview, but felt the need to do more to keep you going for another year.  So, I gave another $347. Happy to be one of the 108 listeners you challenged to step up to the plate last week.” Iowan kids raised money for The Worldview with a lemonade stand And Rachel Noland in Ames, Iowa wrote and said, “Adam, last week, there was a massive bike ride across Iowa with 20,000 bicyclists who rode past our house. Our kids set up a lemonade, banana, and hardboiled egg stand for the bikers. They are sending a gift from their earnings to The Worldview in 5 Minutes.  “As a homeschool family, we listen to the newscast almost every morning at breakfast. We listen all the way through to the end and always say loudly with you together, ‘Seize the day for Jesus Christ!' “It's a great start to our day, reminds us to pray for the persecuted church, opens up conversations about world events, and keeps us informed about news from a Biblical perspective.  “Thank you for what you are doing. My son Henry said, ‘Mr. McManus, Keep up the good fight!'” 23 Worldview listeners gave $9,364 And finally, by Monday night at 7:45pm Central, 23 Worldview listeners stepped up to the plate and invested their treasure to fund the 6-member team behind The Worldview for another year. Our thanks to Abraham in Ames, Iowa who gave $10, Jason in Cypress, Texas and Lauren in Lititz, Pennsylvania – both of whom gave $25 as well as Henry in Ames, Iowa who gave $30, and Ruth in Ames, Iowa who gave $40. We appreciate Mary in Chaska, Minnesota and Charles in Waxhaw, North Carolina – both of whom gave $50 as well as Rachel in Ames, Iowa, James in Kennewick, Washington, and LeAnn in Zeeland, North Dakota – each of whom gave $100. We're grateful to God for an anonymous donor in St. Luverne, Minnesota who pledged $12/month for 12 months for a gift of $144, Mark in Eagle, Idaho who gave $150, Richard in Arlington, Washington and April in Post Falls, Idaho – both of whom gave $200 as well as VinDetta in Pound, Virginia who renewed her monthly pledge of $20/month for 12 months for a gift of $240, and Forrest in Coarsegold, California who gave $300. And we were touched by the generosity of Michael in Santee, California who gave $500, our anonymous matching donor in Naples, Florida who gave another $500, Susan in San Antonio, Texas who gave $1,000, Bill in Middleboro, Massachusetts who gave $1,000, Don in Calgary, Alberta, Canada who gave $1,000, Larry and Sue in Crooked Creek, Alberta, Canada who increased their monthly pledge to $100/month for a gift of $1,200, and Megan in Elizabethtown, Kentucky who pledged $200/month for 12 months for a gift of $2,400. Wow! Those 23 gifts add up to $9,364. Ready for our new grand total? Drum roll please. (drum roll sound effect) $71,747 (sound effect of people cheering) We need to raise $51,753 by midnight on Friday, July 31! That means in order to hit our final goal of $123,500 by this Friday, July 31st, God needs to prompt folks to give an astounding $51,753 in order for the 6-member Worldview newscast team to be fully funded for another year. So, if you have been waiting until the last minute, this … is … it!  We could really use your help.  The finish line is in just 4 days! Count ‘em. Four! Would you consider being one of 20 people to pledge $100/month for 12 months or give a one-time gift of $1,200, one of 26 people to pledge $50/month for 12 months or give a one-time gift of $600, or one of 52 people to pledge $25/month for 12 months or give a one-time gift of $300? Remember the next 8 people who give a one-time gift of $500 will be matched, dollar-for-dollar, by our friend in Naples, Florida. Just go to TheWorldview.com, click on Give, select the dollar amount, and make sure to click on the “recurring” button if that's your wish.  And remember, if you want to continue your monthly pledge to The Worldview that you started in a previous year, please let me know so we can count your generous ongoing gift toward our total. This newscast team champions the truth and uses the Bible as our plumbline.  And we actually cite relevant Bible verses that come alive as we look at the news of the day.  Plus, we report on the persecuted church, the battles for life and a godly perspective on sexuality, often including action steps on how you can make a difference as a believer. What does God want you to give to sustain this one-of-a-kind newscast? Go to TheWorldview.com and click on Give. Close And that's The Worldview on this Tuesday, July 28th, in the year of our Lord 2026. Subscribe for free by Spotify, Amazon Music, or by iTunes or email to our unique Christian newscast at www.TheWorldview.com.  Plus, you can get the Generations app through Google Play or The App Store. I'm Adam McManus (Adam@TheWorldview.com). Seize the day for Jesus Christ. Extra print stories Shooter in Seattle killed three people A mass shooter in Seattle, Washington, killed three people and wounded several more on Sunday, CNN reported.  A suspect has been taken into custody, two weapons have been recovered,  and one report indicated that there was a firefight between more than one shooter.  In a statement the night of the shooting, Seattle Mayor Katie Wilson promised, “In the days ahead, we will establish what happened and be transparent with the public about what we have learned. Tonight, our attention belongs to the people whose lives were taken, those fighting to recover, and the families beside them.”  Genesis 6:11 reminds us, “The earth also was corrupt before God, and the earth was filled with violence.” Minnesota GOP candidate Mike Lindell gets backlash over amnesty plan Mike Lindell, CEO of My Pillow and GOP gubernatorial candidate in the state of Minnesota, has come under backlash for his amnesty plan for illegal aliens. Lindell suggested ending deportations in Minnesota for six months, and per the Dallas Express, “Lindell proposed giving illegal aliens six months to register with the government, submit fingerprints, undergo background checks, and receive a conditional work visa. Applicants would not receive citizenship or voting rights.” However, under Lindell's plan, these conditional visas would not expire, and the immigrants would “never have to leave.”  Immigration continues to be a major issue in conservative circles, and many have seen Lindell's views as a betrayal.

Authoritarian Markets explores the political foundations of China's banking boom and its far-reaching impact on the Chinese economy. In 1978 China had no commercial banks. Today it commands the world's largest banking system, with assets equal to 40 percent of global GDP. In Authoritarian Markets: The Politics of China's Banking Explosion (Cornell University Press, 2026), Dr. Adam Y. Liu argues that this rise was not the product of market reforms but of political bargains and bureaucratic mobilization. In the 1990s, Beijing issued bank licenses as bargaining chips—securing cooperation from local governments as it pushed through painful reforms. The result was a sprawling, competitive banking market built not in spite of authoritarian rule but because of it. Drawing on interviews, spatial data, census records, surveys, and experiments, Dr. Liu reveals how local state banks became both engines of China's growth and incubators of its current economic risks. Eye-opening and persuasive, Authoritarian Markets offers fresh insight into the political logic of market development in China and authoritarian states worldwide. This interview was conducted by Dr. Miranda Melcher whose book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. You can find Miranda's interviews on New Books with Miranda Melcher, wherever you get your podcasts.  Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

Tariffs are squeezing Midwest households. On this episode, we talk about what that means for your grocery bill and Iowa's economy. First, we hear from Frank Manzo of the Midwest Economic Policy Institute on the impact of tariffs on Midwest household costs, manufacturing jobs and the GDP. Then, Ben Murrey of the Common Sense Institute offers his read on our economic outlook. He shares his insight on recent jobs and inflation, and manufacturing's outsized contributions in Iowa. We also talk with Kyle McMahon of Tractor Zoom, who turned used-tractor pricing into a business.

Authoritarian Markets explores the political foundations of China's banking boom and its far-reaching impact on the Chinese economy. In 1978 China had no commercial banks. Today it commands the world's largest banking system, with assets equal to 40 percent of global GDP. In Authoritarian Markets: The Politics of China's Banking Explosion (Cornell University Press, 2026), Dr. Adam Y. Liu argues that this rise was not the product of market reforms but of political bargains and bureaucratic mobilization. In the 1990s, Beijing issued bank licenses as bargaining chips—securing cooperation from local governments as it pushed through painful reforms. The result was a sprawling, competitive banking market built not in spite of authoritarian rule but because of it. Drawing on interviews, spatial data, census records, surveys, and experiments, Dr. Liu reveals how local state banks became both engines of China's growth and incubators of its current economic risks. Eye-opening and persuasive, Authoritarian Markets offers fresh insight into the political logic of market development in China and authoritarian states worldwide. This interview was conducted by Dr. Miranda Melcher whose book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. You can find Miranda's interviews on New Books with Miranda Melcher, wherever you get your podcasts.  Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/political-science

This week on Stock Market Options Trading, Eric O'Rourke and Brian Terry break down the latest market action following geopolitical headlines, discuss why the recent SPX rally continues to stall, and share several option trading ideas they're watching this week.Topics covered include:Why the latest SPX gap higher failed and what it says about market sentimentCurrent gamma levels and key support/resistance zonesThis week's major economic events, including the FOMC meeting, GDP, PCE, and Consumer ConfidenceWhy intraday trend trading has become more challenging in recent weeksNew research showing stronger end-of-day trading opportunitiesEric's updated 0DTE trading approach and end-of-day Iron Condor strategyBrian's QQQ and Micron (MU) broken-wing put butterfly tradesManaging defined-risk option strategies during volatile marketsWhether you're trading SPX, QQQ, or individual stocks, this episode explores how current market conditions are changing the way we approach options trading and risk management.Resources Mentioned► Alpha Crunching: https://alphacrunching.com► Stock Market Options Trading Podcast: https://www.stockmarketoptionstrading.netIf you enjoy systematic options trading, backtesting, and weekly market analysis, be sure to subscribe for new episodes every week.#SPX #OptionsTrading #StockMarket #0DTE #SPXOptions #Gamma #FOMC #IronCondor #QQQ #Micron #TradingPodcast

The yen just hit a 40-year low and Japan is trapped. Whether they hike or freeze, it ends the same way: the pin that pricks our bubble.Tonight's episode is sponsored by NetSuite. For the first time ever you can try NetSuite Next for free. If your revenues are at least in the seven figures, Go to http://netsuite.ai/goldTonight's episode is also sponsored by Rockwell Automation. Download their 11th Annual State of Smart Manufacturing Report at https://rok.auto/sosmInvestors are far too complacent about risks that are now hiding in plain sight. The AI trade cracked this week: Alphabet fell 10% after announcing even higher CapEx, Oracle is down 41% on the year, Meta and Amazon fell, and Microsoft is nearly in a bear market. SpaceX now trades 49% below its post-IPO high with its float set to jump from 5% to 40% by year end, and Tesla dropped 18%, costing Elon Musk nearly $100 billion in a week. Peter Schiff compares the roughly three-quarters of a trillion dollars in annual AI CapEx to the dot-com build-out, where the early favorites went bankrupt and took their vendors down with them.The bigger danger is Japan. The yen fell to a 40-year low against the dollar, the 30-year JGB yield hit an all-time high near 4%, and with debt above 200% of GDP and a policy rate still at just 1%, Japan is trapped. Whether the Bank of Japan finally hikes aggressively or stays timid, the result spills into the United States, potentially forcing the world's largest holder of US Treasuries to dump its $1.1 trillion position. Schiff calls Japan the pin that pricks the far bigger US bubble. Meanwhile the US 30-year yield hit a 20-year high of 5.16% on more than four times the debt of 2006, oil is up 30% in July guaranteeing a hotter CPI, and gold rose on the week even as bonds and stocks fell, with the miners signaling a bottom. He closes on why record-low jobless claims are meaningless in a gig economy and why Trump's new slave-labor tariffs are an unconstitutional tax on Americans.Chapters:00:00 Japan Sparks US Crisis00:41 AI CapEx Reality Check07:51 AI Bubble Parallels13:03 Gold Miners Rebound19:17 Oil Bonds Warning Signs32:16 Japan Debt Rate Trap34:36 Weak Yen Trade Deficits37:22 Japan Creditor Status Slips41:22 Two Japan Crisis Paths44:26 US Vulnerability Dominoes45:21 Unemployment Claims Hype47:20 Why Claims Mislead51:37 New Tariffs Legal Workaround59:03 Wrap Up Subscribe CallFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiff#PeterSchiffShow #gold #inflationOur Sponsors:* Check out Chilipad and use my code GOLD for a great deal: https://sleep.me* Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com* Check out Plaud AI and use my code GOLD for a great deal: https://plaud.ai* Check out Quince and use my code quince.com/gold for a great deal: https://www.quince.com* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy