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For years, U.S. presidents have complained that European governments spend far too little on their militaries, leaving the United States to pick up a disproportionate share of the tab for the transatlantic alliance. But in the past few years, Europe's defense spending has exploded. At the NATO summit last week, U.S. allies committed to spending five percent of GDP on defense. That's far more than the two percent target U.S. policymakers long called for. It's even more than the United States itself spends on defense—the result of both escalating pressure from U.S. President Donald Trump and escalating threats from Russian President Vladimir Putin. But Celeste Wallander, until recently the top defense official overseeing U.S. policy toward Europe and Russia, warns in a new Foreign Affairs essay that this transformation will have more complicated consequences than most Americans expect. A more capable Europe will also mean a more independent Europe, more willing to defy U.S. priorities and make demands for cooperation. Wallander has been a key player in the transatlantic alliance as a top official on the National Security Council and in the Pentagon, including as assistant secretary of defense for international security affairs during the Biden administration. She is now executive director of Penn Washington and an adjunct senior fellow at the Center for a New American Security. The United States, in her view, will have to take a very different approach to the transatlantic alliance—at a time when it's as vital as ever, in Ukraine and beyond. You can find sources, transcripts, and more episodes of The Foreign Affairs Interview at https://www.foreignaffairs.com/podcasts/foreign-affairs-interview.
Dante joins the Inside Economics crew for an unusual jobs Thursday podcast. The team discusses the disconnect between the positive headlines and market reaction to the June employment report and the weakening undercurrent in the labor market. They also debate whether higher inflation is still looming despite not showing up in the data yet. Marisa steals the show in the stats game with three figures that stump Mark, Cris, and Dante.Guest: Dante DeAntonio, Senior Director of Economic Research, Moody's AnalyticsHosts: 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 AnalyticsFollow Mark Zandi on 'X' and BlueSky @MarkZandi, Cris deRitis on LinkedIn, and Marisa DiNatale on LinkedIn Questions or Comments, please email us at helpeconomy@moodys.com. We would love to hear from you. To stay informed and follow the insights of Moody's Analytics economists, visit Economic View.
2 - Counselor to Scott Bessent at the US Treasury Joe Lavorgna joins us today. What is the country's problem with assuming our GDP will stay at 1.8%? Why are blue-collar wages up right now? Why are Democrats so against no tax on tips? They are voting on the Big Beautiful Bill now, will it pass? What kind of champagne are they drinking at Scott Bessent's house? 215 - Dom's Money Melody! 220 - It's looking like the Big Beautiful Bill will pass! What does Dom think? 230 - The Bill has passed! But who didn't vote for it, or at all! Reverend Joshua Robertson joins the program today and we get his instant response to the bill passing! What will this do for school choice? Why do parents need school choice for their kids? What kind of people are coming to ask about school choice? What school distr 250 - The Lightning Round!
12 - Grandstanding is what we kick off today's show today as Democrats filibuster in order to delay a vote on The Big Beautiful Bill. What on earth is Brian Fitzpatrick doing? 1210 - SCOTUS is taking up two different transgender-based cases. 1215 - Side - all time sports movie scene 1220 - Can Hakeem Jeffries filibuster this vote? Your calls. 1240 - The water is safe to drink! Yeah, but is it? 1250 - What about the free lunch program, progressives? What about the water? 1 - Hakeem Jeffries is knock-off Cory Booker! How much napping is going on the floor of the House? 105 - How will the Whitemarsh Township 4th of July parade go? 110 - Your calls. 120 - The city of Philadelphia let a dead body sit in the sun for hours because the medical professionals are on strike. Will Jeffries stop speaking soon? Dom spoke with actor and TV host Alfonso Ribeiro regarding him hosting a 4th of July celebration tomorrow featuring many top tier acts taking stage and the celebration of our armed forces. How have the friendships he made from The Fresh Prince of Bel-Air continued over the years? 140 - Hakeem Jeffries is finally done with his speech! Will they get the vote going? Your calls. 155 - Your calls to round out the second hour. 2 - Counselor to Scott Bessent at the US Treasury Joe Lavorgna joins us today. What is the country's problem with assuming our GDP will stay at 1.8%? Why are blue-collar wages up right now? Why are Democrats so against no tax on tips? They are voting on the Big Beautiful Bill now, will it pass? What kind of champagne are they drinking at Scott Bessent's house? 215 - Dom's Money Melody! 220 - It's looking like the Big Beautiful Bill will pass! What does Dom think? 230 - The Bill has passed! But who didn't vote for it, or at all! Reverend Joshua Robertson joins the program today and we get his instant response to the bill passing! What will this do for school choice? Why do parents need school choice for their kids? What kind of people are coming to ask about school choice? 250 - The Lightning Round!
The language from European leaders was fawning and obsequious. At one point, the head of Nato, Mark Rutte, even called Donald Trump “daddy”. But when the US president left the Nato summit in late June, there was a sigh of relief that he had not made any more angry criticism of the alliance. And after months of American pressure, Nato members agreed to increase their spending on defence to 5% of GDP by 2035. So how did Europe become so unable to defend itself that it was forced to resort to outright flattery of an American president?In this episode, we report from the recent Siena Conference on the Europe of the Future in Italy about how the EU dropped the ball on its own defence and what its options are now. Featuring Ana E. Juncos, professor of European politics and the University of Bristol in the UK, Francesco Grillo, academic fellow at Bocconi University in Italy, and François Lafond, former assistant professor at Sciences Po University in France and a former advisor to the Western Balkans.This episode was written and produced by Gemma Ware with assistance from Katie Flood and Mend Mariwany. Sound design and mixing by Eloise Stevens and theme music by Neeta Sarl. Read the full credits for this episode and sign up here for a free daily newsletter from The Conversation.If you like the show, please consider donating to The Conversation, an independent, not-for-profit news organisation.
Consumer spending sputtered in May, likely thanks to tariffs and related uncertainty. Not only does that give us a clue as to where GDP is headed, it could also help us predict the labor market's next move. Later in this episode: Slowed hiring could have a silver lining (depending on your perspective), the U.S. dollar is down 10% so far this year, and we visit a pop-up brewery focused on racial equity.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace 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.
PREVIEW UKRAINE: Colleague Jeff McCausland outlines what the NATO pledge of 5% GDP for defense means for the future NATO. More.
Our analysts Michael Zezas and Ariana Salvatore discuss the upcoming expiration of reciprocal tariffs and the potential impacts for U.S. trade.Read more insights from Morgan Stanley.----- Transcript -----Michael Zezas: Welcome to Thoughts on the Market. I'm Michael Zezas, global Head of Fixed Income Research and Public Policy Strategy.Ariana Salvatore: And I'm Ariana Salvatore, US Public Policy Strategist.Michael Zezas: Today we're talking about the outlook for US trade policy. It's Wednesday, July 2nd at 10:00 AM in New York.We have a big week ahead as next Wednesday marks the expiration of the 90 day pause on reciprocal tariffs. Ariana, what's the setup?Ariana Salvatore: So this is a really key inflection point. That pause that you mentioned was initiated back on April 9th, and unless it's extended, we could see a reposition of tariffs on several of our major trading partners. Our base case is that the administration, broadly speaking, tries to kick the can down the road, meaning that it extends the pause for most countries, though the reality might be closer to a few countries seeing their rates go up while others announce bilateral framework deals between now and next week.But before we get into the key assumptions underlying our base case. Let's talk about the bigger picture. Michael, what do we think the administration is actually trying to accomplish here?Michael Zezas: So when it comes to defining their objectives, we think multiple things can be true at the same time. So the administration's talked about the virtue of tariffs as a negotiating tactic. They've also floated the idea of a tiered framework for global trading partners. Think of it as a ranking system based on trade deficits, non tariff barriers, VAT levels, and any other characteristics that they think are important for the bilateral trade relationship. A lot of this is similar to the rhetoric we saw ahead of the April 2nd "Liberation Day" tariffs.Ariana Salvatore: Right, and around that time we started hearing about the potential, at least for bilateral trade deals, but have we seen any real progress in that area?Michael Zezas: Not much, at least not publicly, aside from the UK framework agreement. And here's an important detail, three of our four largest trading partners aren't even scoped for higher rates next week. Mexico and Canada were never subject to the reciprocal tariffs. And China's on a separate track with this Geneva framework that doesn't expire until August 12th. So we're not expecting a sweeping overhaul by Wednesday.Ariana Salvatore: Got it. So what are the scenarios that we're watching?Michael Zezas: So there's roughly three that we're looking at and let me break them down here.So our base case is that the administration extends the current pause, citing progress in bilateral talks, and maybe there's a few exceptions along the way in either direction, some higher and some lower. This broadly resets the countdown clock, but keeps the current tariff structure intact: 10% baseline for most trading partners, though some potentially higher if negotiations don't progress in the next week. That outcome would be most in line, we think, with the current messaging coming out of the administration.There's also a more aggressive path if there's no visible progress. For example, the administration could reimpose tariffs with staggered implementation dates. The EU might face a tougher stance due to the complexity of that relationship and Vietnam could see delayed threats as a negotiating tactic. A strong macro backdrop, resilient data for markets that could all give the administration cover to go this route.But there's also a more constructive outcome. The administration can announce regional or bilateral frameworks, not necessarily full trade deals, but enough to remove the near term threat of higher tariffs, reducing uncertainty, though maybe not to pre-2024 levels.Ariana Salvatore: So wide bands of uncertainty, and it sounds like the more constructive outcome is quite similar to our base case, which is what we have in place right now. But translating that more aggressive path into what that means for the economy, we think it would reinforce our house view that the risks here are skewed to the downside.Our economists estimate that tariffs begin to impact inflation about four months after implementation with the growth effects lagging by about eight months. That sets us up for weak but not quite recessionary growth. We're talking 1% GDP on an annual basis in 2025 and 2026, and the tariff passed through to prices and inflation data probably starting in August.Michael Zezas: So bottom line, watch carefully on Wednesday and be vigilant for changes to the status quo on tariff levels. There's a lot of optionality in how this plays out, as trade policy uncertainty in the aggregate is still high. Ariana, thanks for taking the time to talk.Ariana Salvatore: Great speaking with you, Michael.Michael Zezas: And if you enjoy Thoughts on the Market, please leave us a review wherever you listen and share the podcast with a friend or colleague today.
Consumer spending sputtered in May, likely thanks to tariffs and related uncertainty. Not only does that give us a clue as to where GDP is headed, it could also help us predict the labor market's next move. Later in this episode: Slowed hiring could have a silver lining (depending on your perspective), the U.S. dollar is down 10% so far this year, and we visit a pop-up brewery focused on racial equity.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace 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.
In this jam-packed episode, Matty A and Ryan Breedwell break down the Fed's latest interest rate predictions and what Wall Street's betting on for the back half of 2025. They cover the booming stock market, Trump's bold tariff plays and their real economic impact, and why Bitcoin may be taking a back seat to Ethereum in the crypto space. Plus, they tackle the big, beautiful bill moving through Congress, how crypto is now being counted toward real estate lending, and the looming ripple effects for investors and small business owners alike.If you want to understand the direction of markets, inflation, and crypto regulation—and what it all means for your portfolio—this is a must-listen.Timestamps: 00:00 – Fed outlook: rate pause in July, first cut likely in September 02:00 – Why aggressive rate cuts might backfire 04:00 – Powell's balancing act & political pressure 06:00 – Trump's massive global interest rate comparison 08:00 – Breakdown of tariff revenue & impacts on inflation11:00 – Domestic production shift = long-term economic win 13:00 – Real estate + stock market synergy = true wealth15:00 – "Big Beautiful Bill" clears Senate – what it means 17:00 – Tax cuts on tips, small biz wins, W2 vs corp benefits 19:00 – Why omnibus bills suck & how politicians weaponize them 22:00 – Elon vs Trump, Massey vs establishment – a brewing primary battle 24:00 – Cutting spending vs driving more economic growth 25:00 – Pat Bet-David's take on capitalism and state policy 27:00 – California business exodus: policy fallout 28:00 – S&P and Nasdaq hit all-time highs—why the market's surging 30:00 – Domestic equities: overlooked and underweighted31:00 – Oracle & Palantir: why they're leading the charge33:00 – Bitcoin vs Ethereum: Ryan's strong stance 36:00 – Tom Lee's Ethereum fund strategy vs MicroStrategy's Bitcoin bet 39:00 – Fannie Mae & Freddie Mac greenlight crypto as mortgage asset 42:00 – Crypto's bridge to real estate just got real 43:00 – Housing updates: mortgage rates dip, multifamily struggles 44:30 – Why the second half of 2025 looks bullish 45:00 – Napa Wealth Mastermind Announcement – Sept 23–26 47:00 – Eddie Murphy wisdom: stop fearing, start livingWhat You'll Learn:When the Fed is most likely to start cutting rates—and why it mattersHow Trump's tariffs are actually impacting inflation, GDP, and tradeWhy tariffs may spark a resurgence in U.S. manufacturing jobsThe truth behind omnibus bills and political manipulationWhy Ethereum may be the smart long-term crypto bet over BitcoinHow crypto is now playing a real role in real estate lending decisionsNotable Quotes:“Tariffs have worked out very well—and the critics are now backpedaling hard.” – Matty A“If Tom Lee is choosing Ethereum over Bitcoin, that tells you everything you need to know.” – Ryan Breedwell“It's time people stop fearing, and start living. You get 75 summers—don't waste them.” – Eddie Murphy (via Holy Man)“This bill fuels capitalism, not kills it—and that's why the market loves it.” – Matty ACalls to Action:Text “XRAY” to 844.447.1555 to get your portfolio reviewed Text “DEALS” to 844.447.1555 to get access to top investment opportunities Follow @officialmattya on Instagram for daily wealth-building content Visit: Shop.MillionaireMindcast.com – Wealth-building resources & gearWant In On Our Private Napa Mastermind? Text “NAPA” to 844.447.1555 to apply for the 2025 Wealth Builder Experience Only 15 seats available — 6 already claimed! Episode Sponsored By:Discover Financial Millionaire Mindcast Shop: Buy the Rich Life Planner and Get the Wealth-Building Bundle for FREE! Visit: https://shop.millionairemindcast.com/CRE MASTERMIND: Visit myfirst50k.com and submit your application to join!FREE CRE Crash Course: Text “FREE” to 844-447-1555
On this week's show Patrick Gray and Adam Boileau discuss the week's cybersecurity news: Australian airline Qantas looks like it got a Scattered Spider-ing Microsoft works towards blunting the next CrowdStrike disaster Changes are coming for Microsoft's default enterprise app consenting setup Synology downplays hardcoded passwords for its M365 cloud backup agent The next Citrix Netscaler memory disclosure looks nasty Drug cartels used technical surveillance to find, fix and finish FBI informants and witnesses This week's episode is sponsored by RAD Security. Co-founder Jimmy Mesta joins to talk through how they use AI automation to assess the security posture of sprawling cloud environments. This episode is also available on Youtube. Show notes Qantas hit by cyber attack, leaving 6 million customer records at risk of data breach Scattered Spider appears to pivot toward aviation sector | Cybersecurity Dive Microsoft to make Windows more resilient following 2024 IT outage | Cybersecurity Dive (384) The Ultimate Guide to App Consent in Microsoft Entra - YouTube When Backups Open Backdoors: Accessing Sensitive Cloud Data via "Synology Active Backup for Microsoft 365" / modzero AT&T deploys new account lock feature to counter SIM swapping | CyberScoop Iran-linked hackers threaten to release Trump aides' emails | Reuters US government warns of new Iran-linked cyber threats on critical infrastructure | Cybersecurity Dive Actively exploited vulnerability gives extraordinary control over server fleets - Ars Technica Critical vulnerability in Citrix Netscaler raises specter of exploitation wave | Cybersecurity Dive Identities of More Than 80 Americans Stolen for North Korean IT Worker Scams | WIRED Cloudflare confirms Russia restricting access to services amid free internet crackdown | The Record from Recorded Future News Mexican drug cartel used hacker to track FBI official, then killed potential FBI informants, government audit says | CNN Politics Audit of the FBI's Efforts to Mitigate the Effects of Ubiquitous Technical Surveillance - Redacted Report NATO members aim for spending 5% of GDP on defense, with 1.5% eligible for cyber | The Record from Recorded Future News US sanctions bulletproof hosting provider for supporting ransomware, infostealer operations | CyberScoop US, French authorities confirm arrest of BreachForums hackers | TechCrunch Spanish police arrest five over $542 million crypto investment scheme | The Record from Recorded Future News Scam compounds labeled a 'living nightmare' as Cambodian government accused of turning a blind eye | The Record from Recorded Future News
* 7월 中 소비쿠폰… 비수도권 3만원·농어촌 5만원 추가* 외국인 빚탕감? 개별 심사 후 검토가 원칙* 추경, 영양제 아닌 응급수혈… 0.1% GDP 상승전망* 부동산 대책, 시장반응? 관망세 전환, 안정세 기대* 3기 신도시, 공공재개발 등 공급 적극 추진해야 ■ 방송 : CBS 라디오 〈김현정의 뉴스쇼〉 FM 98.1 (07:10~09:00)■ 진행 : 김현정 앵커■ 대담 : 진성준 (더불어민주당 정책위의장)See omnystudio.com/listener for privacy information.
Buckle up, patriots—@intheMatrixxx and @shadygrooove are diving headfirst into *Season 7, Episode 118, “President Trump's ‘Big, Beautiful Bill' is Packed With Massive Wins for You,”* airing live on July 2, 2025, at 12:05 PM Eastern! Jeff and Shannon, the truth-seeking dynamos of the MG Show, tear through the mainstream media's spin to reveal the real impact of President Trump's One Big Beautiful Bill Act, now facing a heated House debate to reach Trump's desk by July 4. From massive tax cuts, including no taxes on tips and permanent 2017 tax relief, to border security funding and modernized air traffic control, this bill delivers on America-First promises. Despite storms delaying lawmakers and fiscal hawks like Reps. Chip Roy and Ralph Norman raising deficit concerns, the MG Show exposes why this legislation is a game-changer for families, farmers, and workers. With real-time intel from X posts and web updates, Jeff and Shannon break down the bill's economic boosts—like a projected 5.2% GDP surge over four years—and call out Democrat delay tactics for what they are: obstructions to prosperity. The truth is learned, never told, and the Constitution is your weapon—tune in at noon-0-five Eastern LIVE to stand with Trump! Trump, Big Beautiful Bill, tax cuts, border security, Medicaid, America First, @intheMatrixxx, @shadygrooove, MG Show, House vote, July 4, economic growth, no tax on tips mgshow_s7e118_big_beautiful_bill_wins Tune in weekdays at 12pm ET / 9am PST, hosted by @InTheMatrixxx and @Shadygrooove. Catch up on-demand on https://rumble.com/mgshow or via your favorite podcast platform. Where to Watch & Listen Live on https://rumble.com/mgshow https://mgshow.link/redstate X: https://x.com/inthematrixxx Backup: https://kick.com/mgshow PODCASTS: Available on PodBean, Apple, Pandora, and Amazon Music. Search for "MG Show" to listen. Engage with Us Join the conversation on https://t.me/mgshowchannel and participate in live voice chats at https://t.me/MGShow. Social & Support Follow us on X: @intheMatrixxx https://x.com/inthematrixxx @ShadyGrooove https://x.com/shadygrooove Support the show: Fundraiser: https://givesendgo.com/helpmgshow Donate: https://mg.show/support Merch: https://merch.mg.show MyPillow Special: Use code MGSHOW at https://mypillow.com/mgshow for savings! Wanna send crypto? Bitcoin: bc1qtl2mftxzv8cxnzenmpav6t72a95yudtkq9dsuf Ethereum: 0xA11f0d2A68193cC57FAF9787F6Db1d3c98cf0b4D ADA: addr1q9z3urhje7jp2g85m3d4avfegrxapdhp726qpcf7czekeuayrlwx4lrzcfxzvupnlqqjjfl0rw08z0fmgzdk7z4zzgnqujqzsf XLM: GAWJ55N3QFYPFA2IC6HBEQ3OTGJGDG6OMY6RHP4ZIDFJLQPEUS5RAMO7 LTC: ltc1qapwe55ljayyav8hgg2f9dx2y0dxy73u0tya0pu All Links Find everything on https://linktr.ee/mgshow
PREVIEW NATO SPAIN: Colleague Judy Dempsey comments on the news that Spain sought and received a waiver from the general commitment of the 32 NATO members to a 3.5% of GDP spending on defense. More. 1914 UNIVERSITY OF BARCELONA
Jim talks with Thomas Schindler about heliogenic civilization as a vision for a regenerative future. They discuss the current multipolar trap shitshow of global civilization, M3 money supply & GDP growth requirements, the doubling of energy demand, exit to planet as an alternative to traditional business exits, biomimicry & biological approaches to manufacturing, solar energy as a fusion reactor, nature's material production vs human industrial production, construction systems using earth blocks & natural materials, bioregional self-sufficiency, feminine scaling vs traditional growth models, the Oslo Project as an inverse Manhattan Project, deep ecology & Arne Næss's philosophy, governance structures, education systems as symptoms of industry, coordination among farmers in Kenya, project governance & preventing OpenAI syndrome, Bernard Lietaer's alternative currency experiment, biological computing possibilities, solar energy & hydrogen electrolysis, ocean floor mining & environmental impacts, copper vs aluminum for electrical transmission, material constraints on renewable energy transition, and much more. Episode Transcript Thomas Schindler's website In service of Life. | Thomas Schindler's Substack Project MIRACLE Auroville Earth Institute Carbon Crusher Bind-X Thomas is co-founder of delodi.net, a mission-driven software studio and the engine behind the not-for-profit initiatives MOTHERLAND, GITA, IRM, and Project MIRACLE. The throughline of his work lies in reimagining how societies generate value—shifting from extractive models to regenerative, life-centered systems that empower local communities. He's particularly focused on helogenic civilization frameworks, bio-regional material commons, infrastructures of generosity, systemic change methodologies, and the intersections of technology, culture, and ecology. Motivated by the conviction that aligning collective creativity, open protocols, and local agency is essential to address today's ecological and existential challenges, he writes, speaks, convenes and assemblies to catalyze these conversations and collaborations.
David Rosenberg, founder and president of Rosenberg Research, believes recession odds are higher than 2022 despite nobody expecting one, pointing to Fed staff forecasting 50% recession probability and the most downbeat Beige Book since 1980. Rosenberg criticizes Powell for calling the economy "solid" while real GDP has been negative sequentially in 2 of the past 3 months and survey data suggests 1% contraction. He highlights a major market dichotomy with stocks up 24% while the dollar is in an 11% bear market, suggesting something is fundamentally wrong. The housing market faces a negative wealth effect as supply-demand gaps widen and prices start cracking.Sponsors: Monetary Metals: https://monetary-metals.com/julia Kalshi: https://kalshi.com/julia Links: https://rosenbergresearch.com/https://x.com/EconguyRosieTimestamps: 00:01 - Introduction: Dave Rosenberg, founder and president of Rosenberg Research 00:49 - "Meat grinder roller coaster ride" - elevated policy uncertainty02:15 - Tail risks removed: no trade war, regional conflict, or fiscal cliff05:35 - S&P 500 multiple expansion: 18 to 22 in three months (4 sigma event) 08:30 - Housing market in "huge state of disarray" - prices starting to crack11:22 - Survey data consistent with economy contracting at 1% annual rate13:20 - Real GDP negative sequentially in 2 of past 3 months 15:24 - Nobody talking about recession despite higher odds than 202218:18 - Recession probabilities are binary - "zero or 100, not 60% pregnant" 21:18 - Mistakes from 2022-2023: didn't anticipate fiscal stimulus scale25:34 - Big beautiful bill not stimulative - just extending status quo 28:20 - Housing supply-demand gap widening, negative wealth effect coming32:42 - S&P 500 became growth index, small caps still in correction 36:00 - Fed staff said recession odds equal to GDP baseline forecast (50%)38:56 - Beige book: economy declining slightly, more downbeat than 200744:32 - Powell calling economy "solid" despite weak data - credibility issue48:04 - Fed damaged by "transitory" mistake, protecting legacy 55:17 - Next Fed Chair speculation: wants someone he can "push around"59:04 - US dollar down 11% in bear market while stocks up 24% 01:04:13 - Closing: importance of liquidity and diversification
Welcome to a special Independence Day episode of MOJO: The Meaning of Life and Business! As the United States celebrates its 249th birthday, host Jennifer Glass invites you to reflect on the bold spirit that inspired our nation's birth—and how that same spirit is essential for business owners today. Jennifer takes us back to the revolutionary courage of America's founders, who dared to fight for true freedom and self-determination against overwhelming odds. She challenges entrepreneurs to consider whether they're truly independent in their businesses, or if they're still chained to bad clients, overwhelming workloads, and companies that can't run without them.In this episode, Jennifer dives deep into what real freedom looks like for business owners. It's not just about waving flags and watching fireworks, but about gaining financial independence, creating systems that generate income even when you're not there, and building lasting profit rather than just chasing revenue. She reminds us that our customers play a central role—the true “bosses” in our businesses—and urges us to nurture those relationships thoughtfully. Jennifer also emphasizes the importance of stepping away, trusting your team, and avoiding burnout, so both you and your employees can enjoy the true rewards of entrepreneurial life.Drawing a powerful line between the country's founding ideals and today's business realities, Jennifer encourages listeners to declare their own independence this July 4th—freedom from stress, overwork, and inefficiency. Tune in for inspiring insights, practical advice, and a heartfelt reminder of the value small businesses bring to our communities and economies. Here's to your success, and happy 4th of July!Keywords: Independence Day, entrepreneurship, small business, financial independence, work-life balance, cash flow, profit, revenue, systems, business automation, business freedom, customer retention, business owners, burnout, overhead, business mentors, business impact, making a difference, community impact, team management, client relationships, business decision-making, business growth, GDP, business opportunities, collaboration, delegation, business legacy, American history, Declaration of Independence
เปิดมุมมองนักเศรษฐศาสตร์ ดร.กอบศักดิ์ ภูตระกูล มอง การเมืองไม่นิ่งอาจกระทบการขับเคลื่อนนโยบายรัฐ แบงก์กรุงเทพหั่นคาดการณ์ GDP ไทยแย่สุดเหลือ 1.5% รายละเอียดเป็นอย่างไร ศึกใน-นอกประเทศรุมเร้า ฉุด GDP ไทยร่วงแค่ไหน พูดคุยกับ ดร.พิพัฒน์ เหลืองนฤมิตชัย กรรมการผู้จัดการ หัวหน้านักเศรษฐศาสตร์ กลุ่มธุรกิจการเงินเกียรตินาคินภัทร
Will the RBNZ cut rates in July or keep Kiwis waiting? We unpack why the Reserve Bank might hold off on cutting the OCR, from unexpected GDP growth and stubborn inflation to the global oil price shocks that could hit your mortgage and financial plans.Next Steps: For tailored advice on your mortgage strategy ahead of the next OCR decision, talk to the team at Lighthouse Financial today.For more money tips follow us on:FacebookInstagramThe content in this podcast is the opinion of the hosts. It should not be treated as financial advice. It is important to take into consideration your own personal situation and goals before making any financial decisions.
摘要 一, 6月13日,以色列和伊朗最新一輪衝突揭開序幕,雙方都發出強硬言論,而美國總統川普也沒有閑著,一直在考慮要不要加入以色列行動,打擊伊朗的核設施。 這場衝突在以色列對伊朗的核設施與軍事目標發動攻擊後開始,伊朗隨後以瞄准以色列的空襲報復。據伊朗衛生部稱,截至目前已有超過220人在以色列空襲中喪生;以色列方面則稱,伊朗的攻擊已造成24人死亡。 如今,隨著伊朗與以色列之間的軍事對抗加劇,攻擊目標範圍不斷擴大,然而,S&P 500指數卻接近了歷史高點,就算市場盛傳美國可能加入以色列對伊朗的戰爭,這個星期的股票指數仍保持堅挺。布蘭特原油價格一度上漲,但最後也只來到每桶77美元的水準。難道投資人已經成功脫離現實?全球地緣政治真的和金融市場表現可以各行其是,變成兩條平行線? 二, 4月24日,北約峰會首次在荷蘭海牙登場,包含美國總統川普(Donald Trump)、法國總統馬克宏(Emmanuel Macron)、烏克蘭總統澤倫斯基(Volodymyr Zelenskyy)共45位國家領導人與政要都將出席。 身為前荷蘭總理、同時是北約秘書長的呂特,則出面擔任潤滑劑,將在當地時間25日下午,與日本、韓國、澳洲、紐西蘭的代表同台致詞,強調印太四國在北約全球布局中的價值。 呂特在被問及如何向歐洲公民解釋提高國防開支時,說道:把蛋糕分成兩半:GDP的3.5%用於核心防御需求,1.5%用於安全相關的投資,比如擴建道路橋梁,以便於重武器運輸,以及網絡安全,防範多樣性進攻,保護平民以及對烏克蘭援助。但關鍵是目前為止,川普仍不願承諾將履行共同防禦的條款。 面對朝令夕改的川普,北約成員國這次真的是使盡了吃奶力氣去討好,但全球更關注的是川普在北約的這場處女秀最後到底會怎麼演繹?我們又該怎麼解讀? Powered by Firstory Hosting
เปิดมุมมองนักเศรษฐศาสตร์ ดร.กอบศักดิ์ ภูตระกูล มอง การเมืองไม่นิ่งอาจกระทบการขับเคลื่อนนโยบายรัฐ แบงก์กรุงเทพหั่นคาดการณ์ GDP ไทยแย่สุดเหลือ 1.5% รายละเอียดเป็นอย่างไรศึกใน-นอกประเทศรุมเร้า ฉุด GDP ไทยร่วงแค่ไหน พูดคุยกับ ดร.พิพัฒน์ เหลืองนฤมิตชัย กรรมการผู้จัดการ หัวหน้านักเศรษฐศาสตร์ กลุ่มธุรกิจการเงินเกียรตินาคินภัทร
This past week, President Donald J. Trump scored a series of triumphant wins—each one dismantling the left’s attacks and reaffirming America First dominance. Legal Hammer Down – The Supreme Court’s landmark 6–3 ruling strips activist judges of the power to issue nationwide injunctions, cementing presidential immunity and delivering a knockout to the left’s lawfare tactics. NATO Wake-Up Call – Thanks to Trump’s pressure, NATO nations agreed to raise defense spending to 5% of GDP—a historic game-changer. Europe is finally paying its fair share. Iran on the Ropes – Trump ordered precision strikes on Iran’s nuclear facilities—Operation Midnight Hammer—and pushed for peace through strength. Tehran is on the back foot and forced into indirect talks. Bill Bulldozes Senate – The “Great, Big, Beautiful Bill” blasted through a 51–49 procedural vote, advancing sweeping tax cuts, military funding, and border security measures. The Senate is set to make a final vote on the bill today (Monday) Markets Skyrocket – With Trump back in command, stocks are roaring—investor confidence has surged on his America‑First economic agenda. Border Lockdown – The new house‑and‑security measures are in motion, and illegal crossings are falling—Trump’s blueprint is working again. Tune in to Stinchfield this week as we expose the mainstream meltdown, unveil how Trump crushed every obstacle, and explain why this is a crushing week of victories for American strength. The left is exposed. The momentum is undeniable. Don’t miss it. Go to http://freegoldguide.com/grant or call 800 458 7356 for your free Colonial Metals Group retirement protection kit – created specifically for our listeners where you can get up to $7500 in free Silver. www.EnergizedHealth.com/Grant www.PatriotMobile.com/Grantwww.Get20Now.comTWC.Health/Grant Use "Grant" for 10% Off See omnystudio.com/listener for privacy information.
What if the next virus isn't natural, but deliberately engineered and used as a weapon? As geopolitical tensions rise and biological threats become more complex, health security and life sciences are emerging as critical pillars of national defense.In the special edition episode from our new series, “The Ripple Effect: Investing in Life Sciences”, host Dan Riskin is joined by two leading voices at the intersection of biotechnology and defense: Dawn Meyerriecks, former CIA Deputy Director for Science and Technology and current member of the National Security Commission on Emerging Biotechnology, and Jason Kelly, co-founder and CEO of Ginkgo Bioworks. Together, they explore the dual-use nature of biotechnology and the urgent need for international oversight, genetic attribution standards, and robust viral surveillance. From pandemic preparedness and fragile supply chains to AI-driven lab automation and airport biosurveillance, their conversation highlights how life science innovation strengthens national resilience and strategic defense.This timely conversation follows the June 25th, 2025 Hague Summit Declaration, where NATO allies pledged to invest 5% of GDP in defense by 2035—including up to 1.5% on resilience and innovation to safeguard critical infrastructure, civil preparedness, networks, and the defense industrial base. This limited series, produced by GZERO's Blue Circle Studios in partnership with Novartis, examines how life science innovation plays a vital role in fulfilling that commitment. Subscribe to “The Ripple Effect: Investing in Life Sciences” series on your preferred podcast platform.Look for the next episode of the GZERO World with Ian Bremmer podcast when we kick off our eighth season on July 5, 2025.Host: Dan RiskinGuests: Jason Kelly, Dawn Meyerriecks Subscribe to the GZERO World with Ian Bremmer Podcast on Apple Podcasts, Spotify, or your preferred podcast platform, to receive new episodes as soon as they're published.
The leaders of NATO met in The Hague on June 25th for a rather truncated meeting with a limited agenda. Unlike recent NATO summits, this one did not focus much on the war in Ukraine, countering China, or other broad international security concerns. Rather, this meeting was dedicated to securing a commitment by most NATO members to double their defense spending from 2.5% to 5% of member states' GDP. This is a massive increase with profound implications for both European security and, according to my guest today, European society as a whole. Zachary Paikin is a research fellow at the Quincy Institute for Responsible Statecraft. We kick off by discussing why Ukraine was not on the agenda and the odd comportment of NATO Secretary General Mark Rutte, before having a broader conversation about what this summit says about the future of Europe and transatlantic relations.
Against the backdrop of the Jeff Bezos wedding this weekend, the President's Big Beautiful Bill is being voted on today in the Senate. Critics say trillions in new spending is a lethal lure, others count on our GDP expanding like Lauren Sanchez's bust line.
“I think what happened here is Europeans made a lot of commitments that they don't have any intention of fulfilling—at least in the near term—and this is all about appeasing President Trump to keep him engaged with the NATO alliance.” At the recent summit in The Hague, Netherlands, NATO allies agreed to spend a target 5 percent of GDP on defense in a win for Donald Trump, who has repeatedly expressed the belief that European NATO allies are not spending enough. Was this a mistake—and can European nations afford to follow through?CSIS's Max Bergmann, director of the CSIS Europe, Russia, and Eurasia Program, joins the podcast to discuss what really happened at the NATO summit and how defense spending will impact European economies going forward.
A recession is defined by negative economic activity over several months with an accompanying decline in GDP. However, given the actual makeup of GDP, it is inaccurate to directly tie recessions to GDP at all.Original article: https://mises.org/mises-wire/why-recessions-are-not-about-declining-gdp
A recession is defined by negative economic activity over several months with an accompanying decline in GDP. However, given the actual makeup of GDP, it is inaccurate to directly tie recessions to GDP at all.Original article: https://mises.org/mises-wire/why-recessions-are-not-about-declining-gdp
On this episod of The Rate Guy we discuss Jobs, Inflation, GDP and what options traders are flocking to at the moment and why.
On this week's Defense & Aerospace Report Business Roundtable, sponsored by Bell, Dr. “Rocket” Ron Epstein of Bank of America Securities, Sash Tusa of the independent equity research firm Agency Partners, and Richard Aboulafia of the AeroDynamic advisory consultancy join host Vago Muradian to discuss a record week on Wall Street as President Trump announced a trade deal with China that convinced investors of declining tariffs risks, even as the president ended tariff talks with Canada and continues to pressure Federal Reserve Chairman Jerome Powell to resign from his post for refusing to make steep interest rate cuts; outlook for defense spending as Congress continues to deliberate reconciliation, appropriations, the NDAA as well as rescissions package as lawmakers push back on the president's big beautiful bill; a successful NATO summit as the alliance agrees to spend 3.5 percent of GDP on defense and another 1.5 percent on national security infrastructure even as the Pentagon continues to weigh troops cuts from Europe; and Babcock reports full year 2025 results.
The Great Simplification with Nate Hagens ✓ Claim : Read the notes at at podcastnotes.org. Don't forget to subscribe for free to our newsletter, the top 10 ideas of the week, every Monday --------- Economics departments around the world teach a narrow boundary story of the way our world works. A narrative of infinite growth driven by consumption and money, which has dominated our culture and unknowingly shaped the way we live. But does this story really reflect our biophysical reality – or the full scope of humanity's role within it? In this week's Frankly, Nate identifies 10 myths being taught in business schools today, and the massive implications these misconceptions hold for society. From the way we define value and the boundaries of success to the idolization of self-interest and human ingenuity, these so-called laws of economics were developed in a different world than the one we inhabit now. By exposing the unquestioned myths that are perpetuated in MBA education, Nate aims to sow the seeds of an economic system rooted in the real world – which may one day become a reality. What would it take for the long-held “immutable truths” of economic theory to be questioned, and eventually changed to better reflect our material limits? How do we redefine "success" in a way that does not posit GDP as the main indicator of human or economic well being? Most importantly, if we shed ourselves of these delusions, how might we reimagine an economic system that centers the well-being of citizens, the health of the planet, and all of the species we share it with? (Recorded June 9, 2025) Show Notes and More Watch this video episode on YouTube Want to learn the broad overview of The Great Simplification in 30 minutes? Watch our Animated Movie. --- Support The Institute for the Study of Energy and Our Future Join our Substack newsletter Join our Discord channel and connect with other listeners
It's been a big week for economic data, with key reports on GDP, PCE, retail sales and consumer sentiment numbers. Bloomberg's Kate Davidson and the Wall Street Journal's Greg Ip join “Marketplace” host Kai Ryssdal to discuss the data, what's happening with inflation and how much tariffs are feeding into prices. Also on the show: Disposable income dipped in May. What does this slowdown in income growth mean for the broader economy? Plus, a conversation with Tim Cadogan, CEO of GoFundMe, about the future of charitable giving. Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace 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.
NATO leaders met this week and promised to increase defense spending to 5 percent of GDP.Meanwhile, Donald Trump claimed at that same summit that the U.S. strikes on nuclear sites in Iran had "completely and fully obliterated" the country's nuclear program. American intelligence reports, however, indicate the attack only set Tehran back a few months.Zohran Mamdani, the New York assembly member representing the state's 36th district, is expected to be the Democratic party's nominee for mayor after former New York Gov. Andrew Cuomo conceded this week.Following a meeting between Trump and Ukrainian President Volodymyr Zelenskyy, the president suggested he was open to sending more Patriot air defense systems to Ukraine.Want to support 1A? Give to your local public radio station and subscribe to this podcast. Have questions? Connect with us. Listen to 1A sponsor-free by signing up for 1A+ at plus.npr.org/the1a.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
President Trump's decision to strike Iran has sparked debate in Congress over the executive branch's ability to take military action without authorization. The strikes Trump ordered last week were in line with recent precedent. But some critics and supporters alike are calling for restrictions to his ability to take further action in Iran. House Speaker Mike Johnson called the debate ill-timed, and openly questioned the constitutionality of the War Powers Act. That act requires the president to seek Congressional approval before declarations of war. Is this another battleground in the fight over legislative checks and balances?Trump's assistance with a ceasefire agreement between Israel and Iran led to a warm reception at a NATO security summit later in the week. The summit was planned to discuss the war in Ukraine, the conflict between Israel and Iran, and other alliance concerns. Much of the focus landed on the ceasefire and an agreement by members to commit 5% of their GDP to defense. The new spending mark was seen as a major concession to Trump, who had threatened since his first term to leave the alliance if it wasn't met. But was the decision made more for self-preservation than appeasement?Zohran Mamdani, a 33-year-old democratic socialist, won the Democratic primary in New York City's mayoral race. Progressives are pointing to his victory as a beacon for Democrats nationwide to push further to the left. Does that ignore the fact that he ran against the scandal-ridden former governor Andrew Cuomo?
It's been a big week for economic data, with key reports on GDP, PCE, retail sales and consumer sentiment numbers. Bloomberg's Kate Davidson and the Wall Street Journal's Greg Ip join “Marketplace” host Kai Ryssdal to discuss the data, what's happening with inflation and how much tariffs are feeding into prices. Also on the show: Disposable income dipped in May. What does this slowdown in income growth mean for the broader economy? Plus, a conversation with Tim Cadogan, CEO of GoFundMe, about the future of charitable giving. Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace 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.
Trump officials push back on CNN and NYT claims downplaying the impact of U.S. strikes on Iranian nuclear sites, calling the mission a decisive success. President Trump secures a major win at the NATO summit as allies agree to raise defense spending to 5% of GDP, with a bromance on full display between Trump and Secretary General Rutte. Prosecutors drop three predicate acts from the racketeering case against Sean “Diddy” Combs. After Rep. Jasmine Crockett blasts Trump's Iran strikes as unconstitutional, Speaker Johnson says she helps the GOP every time she speaks.Riverbend Ranch: Visit https://riverbendranch.com/ | Use promo code MEGYN for $20 off your first order. Tax Network USA: Call 1-800-958-1000 or visit https://TNUSA.com/MEGYN to speak with a strategist for FREE today
Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger PictureThe [CB] system is an illusion, they created the system so any move to remove jobs from Gov, or give tax breaks would show up in the data the opposite way. The illusion is being exposed. The Fed is being exposed, it is a political organization inline with the [DS]. Trump is exposes and obliterating the [DS] system WW. He is stopping the state funded terrorist, wars and the funding or wars. The [DS] has lost their grip and now they are panicking. Trump need the BBB passed, the RINOS are trying to use an unelected Senate Parliamentary to cover for them because they do not want it passed. The people are seeing how they manipulate it all. Trump sends a message, justice is coming. Economy https://twitter.com/CynicalPublius/status/1938272159274602543 that federal spending is calculated as part of the Department of Commerce's GDP calculations. (See screenshot below.) Again, I'm no expert in this field, but common sense suggests that a massive cut in federal spending would result in a decline in GDP per the rigged statistics, while in reality the economy is actually growing under a logical set of metrics. (And also growing due to throwing off the shackles of government spending, which in reality produces nothing of value.) Now one would think an actual "journalist" might seek to address these points in the article, but ABC did not. Probably because they are not actual journalists and instead are propagandists looking to scare citizens and make them hate Trump. https://twitter.com/KobeissiLetter/status/1938291119483224102 tariffs on Chinese imports remain in effect 4. Global 10% baseline tariffs remains in effect The S&P 500 is now ~1,200 points higher than it was on April 9th, when the 90-day pause was announced. The trade war will soon take the spotlight again. (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); https://twitter.com/KobeissiLetter/status/1938277830141288618 ~5 percentage points, to a record 6.8%. This trend accelerated in 2022, and since then, gold's share of Chinese reserves has doubled. Over this time, China has acquired ~200 tonnes of gold. Gold is more desired than ever. https://twitter.com/WallStreetMav/status/1937771491782795408 https://twitter.com/grok/status/1937773576360452372 but gold's price surged, outpacing wages. However, using CPI adjustments, real income shows growth, indicating better living standards for daily goods. Gold-based metrics emphasize long-term value loss, while CPI reflects everyday costs. The decline is real but depends on the metric; both views have merit. Data pre-1953 is less reliable, adding uncertainty. https://twitter.com/dogeai_gov/status/1937928244843405450 which forced China to slash tariffs from 125% to 10% after months of pressure. The Fed's job is stability, not undermining strategic wins. Powell's incompetence isn't just costly—it's deliberate. Time to replace him with someone who puts America First, not bureaucratic self-preservation. The facts behind Powell's failures and the real impact on American families are laid bare here: https://twitter.com/joshdcaplan/status/1938290462517010833 Political/Rights https://twitter.com/JesseKellyDC/status/1938251832226406449 https://twitter.
At a time when democracy is under siege from Kremlin-backed strongmen to MAGA disinformation machines, this week's Gaslit Nation bonus show offers much-needed hope. We unpack the NATO summit, celebrate a major grassroots victory in New York City, and also discuss how to contain Russia with security expert Candace Rondeaux, author of Putin's Sledgehammer. First up: NATO is finally stepping up. All member nations, except Spain, have committed 5% of their GDP to defense and security by 2035. Predictably, Trump is already trying to take credit, but this shift isn't about him. It's a direct response to Putin's ongoing war in Ukraine. European leaders have learned how to handle Trump's ego: offering flattery when necessary while quietly strengthening defenses against the very aggression he once downplayed. That's not concession; it's strategic diplomacy. Meanwhile, in New York City, there's real reason to celebrate: Zohran Mamdani's victory in the Democratic primary for mayor is a major win for grassroots organizing and progressive politics. His campaign, alongside Brad Lander and others, championed public investment, reallocated resources from the NYPD's military-sized budget, and pushed back against Fox News crime porn fearmongering and disinformation. It's a clear signal that authentic, coalition-driven campaigns have the power to break through. Is the Democratic Party establishment listening? And finally, don't miss our powerful conversation with Candace Rondeaux, who outlines how to contain Russian fascism and the ongoing threat of the Wagner Group. As we're always saying at Gaslit Nation: fascists don't stop until they're stopped. Want to enjoy Gaslit Nation ad-free? Join our community of listeners for bonus shows, exclusive Q&A sessions, our group chat, invites to live events like our Monday political salons at 4pm ET over Zoom, and more! Sign up at Patreon.com/Gaslit! Show Notes Putin's Sledgehammer – Candace Rondeaux: https://www.gaslitnationpod.com/episodes-transcripts-20/2025/6/17/putins-sledgehammer Manufacturing Impunity (Global Rights Compliance): https://globalrightscompliance.org/wp-content/uploads/2025/05/Manufacturing-Impunity.pdf Trump's NATO Summit – AP News: https://apnews.com/article/trump-nato-defense-ukraine-143b53c6429e8de256c8ce0b97fdcd7f Zohran Mamdani's Victory Speech: https://www.youtube.com/results?search_query=zohran+mamdani Russian Parcel Attacks in Europe – Reuters: https://www.reuters.com/world/europe/lithuania-says-russia-responsible-exploding-parcels-that-caused-fires-2024-11-05/ Lander & Mamdani Cross Endorsement Video: https://www.youtube.com/watch?v=GYH_zerPE3M Danish Study on Mental Health & Society – Newsweek: https://www.newsweek.com/psychology-dark-triad-psychopathy-narcissism-personality-conditions-2085956 IPS Study: Wealth Expands After Taxing the Rich: https://ips-dc.org/report-wealth-expands-after-higher-state-taxes-on-high-income-earners/ Join Weekly Protests at Fox News (Rise and Resist): https://www.riseandresist.org/ Support Gaslit Nation on Patreon: https://www.patreon.com/gaslit
President Trump departed the NATO with massive success! NATO countries are now pledging 5% of GDP towards defense. Fake News CNN is reporting that Airstrikes against Iran were not successful rebuking President Trump. This comes as a leaked Top Secret battle assessment report say that the damage to Iran's nuclear sites wasn't as bad as initially thought to be. But the latest intel from Iran and Israel shows that the U.S. strikes were very successful!Guest: Tony Shaffer - Ret. Lieutenant Colonel & President, Project SentinelSponsor:My PillowWww.MyPillow.com/johnSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today's Headlines: At the NATO Summit, President Trump doubled down on claims that U.S. strikes “obliterated” Iran's nuclear sites, despite his own intel saying otherwise. In response to internal leaks, the administration is limiting intelligence access for congressional Democrats. Trump also celebrated NATO's new pledge to raise military spending to 5% of GDP by 2035—except for Spain's carveout—and falsely claimed the NATO chief called him “Daddy Trump.” Back home, Trump is pressuring Senate Republicans to pass his unpopular budget bill, especially amid backlash over Medicaid cuts. Protesters in wheelchairs were zip-tied and arrested at the Capitol. In NYC, 33-year-old democratic socialist Zohran Mamdani won the Democratic mayoral primary, defeating a field including Andrew Cuomo and Anthony Weiner, both of whom lost big. Meanwhile, all U.S. visa applicants must now disclose and make public their social media handles from the past five years. This comes after a Norwegian tourist was denied entry and allegedly harassed by ICE agents over a JD Vance meme on his phone. And finally, RFK Jr.'s vaccine advisory board may recommend changes to federal childhood vaccine schedules—potentially affecting insurance coverage and pediatric guidance. Resources/Articles mentioned in this episode: Axios: Democrats rage as Trump limits classified intel sharing with Congress WSJ: How ‘Daddy' Trump Learned to Love NATO NBC News: Senate Republicans scramble to resolve tense divisions as Trump threatens their vacation over his big bill NYT: NYC Mayoral Primary Live Updates: Polls Are Open in Tight Race Between Cuomo and Mamdani The Hacker News: New U.S. Visa Rule Requires Applicants to Set Social Media Account Privacy to Public Dublin Live: Man 'refused entry into US' as border control catch him with bald JD Vance meme Axios: RFK Jr.'s vaccine advisors to re-examine childhood vax schedule Morning Announcements is produced by Sami Sage and edited by Grace Hernandez-Johnson Learn more about your ad choices. Visit megaphone.fm/adchoices
Send us a textWelcome to your June 26th no-BS team room drop—brought to you by the Ones Ready squad and powered by caffeine, sarcasm, and tactical booties. Jared dives into the late-breaking chaos of June 25th like a B-2 on a midnight hammer run. From underground terror bunkers to squirrels declaring war on Minot AFB, this episode hits harder than hypersonics and keeps it unapologetically real.CENTCOM says terrorists are going subterranean, Iran's still acting like the boss villain of global instability, and somehow the Missile Defense Agency is still blaming COVID for its two-year delay. Oh, and in case you missed it—female aircrew smoked Iranian targets while half the internet cried over the phrase “our boys.” Grow up.We also cover squirrel infestations, Air Force fitness crybabies, the return of NATO guilt-tripping, and why Congress doesn't need to be in the Airstrike Group Chat. It's everything you need to know to stay informed, pissed off, and ready to crush your next ruck.
Prager University 5 Min Videos- Is Israel a Liability? The Cult of Death, What Is Birthright Citizenship? and Dinesh D'Souza- Fostering Iran Regime Change PragerU 5 Minute Videos- Is Israel a Liability? The Cult of Death What Is Birthright Citizenship? REGIME CHANGE? Dinesh D'Souza Podcast How Foreign Aid Keeps Africa Poor Is Israel a Liability? | 5-Minute Videos | PragerU Watch this video at- https://youtu.be/-YR0ix_rMcY?si=3GFN3T6SzNQfE6rw PragerU 3.37M subscribers 144,687 views Premiered Jun 23, 2025 5-Minute Videos A growing chorus of voices—from the American left and right—now calls Israel “a liability.” They say it's time to walk away. Are they right? Or is Israel an indispensable ally? Michael Doran, Director of the Middle East Center at the Hudson Institute, confronts this controversy.
Our Global Head of Macro Strategy Matt Hornbach and U.S. Economist Michael Gapen assess the Fed's path forward in light of inflation and a weaker economy, and the likely market outcomes.Read more insights from Morgan Stanley.----- Transcript -----Matt Hornbach: Welcome to Thoughts on the Market. I'm Matthew Hornbach, Global Head of Macro Strategy. Michael Gapen: And I'm Michael Gapen, Morgan Stanley's Chief U.S. Economist. Matt Hornbach: Today we're discussing the outcome of the June Federal Open Market Committee meeting and our expectations for rates, inflation, and the U.S. dollar from here. It's Thursday, June 26th at 10am in New York. Matt Hornbach: Mike, the Federal Reserve decided to hold the federal funds rate steady, remaining within its target range of 4.25 to 4.5 percent. It still anticipates two rate cuts by the end of 2025; but participants adjusted their projections further out suggesting fewer cuts in 2026 and 2027. You, on the other hand, continue to think the Fed will stay on hold for the rest of this year, with a lot of cuts to follow in 2026. What specifically is behind your view, and are there any underappreciated dynamics here? Michael Gapen: So, we've been highlighting three reasons why we think the Fed will cut late but cut more. The first is tariffs introduce differential timing effects on the economy. They tend to push inflation higher in the near term and they weaken consumer spending with a lag. If tariffs act as a tax on consumption, that tax is applied by pushing prices higher – and then only subsequently do consumers spend less because they have less real income to spend. So, we think the Fed will be seeing more inflation first before it sees the weaker labor market later. The second part of our story is immigration. Immigration controls mean it's likely to be much harder to push the unemployment rate higher. That's because when we go from about 3 million immigrants per year down to about 300,000 – that means much lower growth in the labor force. So even if the economy does slow and labor demand moderates, the unemployment rate is likely to remain low. So again, that's similar to the tariff story where the Fed's likely to see more inflation now before it sees a weaker labor market later. And third, we don't really expect a big impulse from fiscal policy. The bill that's passed the house and is sitting in the Senate, we'll see where that ultimately ends up. But the details that we have in hand today about those bills don't lead us to believe that we'll have a big impulse or a big boost to growth from fiscal policy next year. So, in total the Fed will see a lot of inflation in the near term and a weaker economy as we move into 2026. So, the Fed will be waiting to ensure that that inflation impulse is indeed transitory, but a Fed that cuts late will ultimately end up cutting more. So we don't have rate hikes this year, Matt, as you noted. But we do have 175 basis points in rate cuts next year. Matt Hornbach: So, Mike, looking through the transcript of the press conference, the word tariffs was used almost 30 times. What does the Fed's messaging say to you about its expectations around tariffs? Michael Gapen: Yeah, so it does look like in this meeting, participants did take a stand that tariffs were going to be higher, and they likely proceeded under the assumption of about a 14 percent effective tariff rate. So, I think you can see three imprints that tariffs have on their forecast.First, they're saying that inflation moves higher, and in the press conference Powell said explicitly that the Fed thinks inflation will be moving higher over the summer months. And they revised their headline and core PCE forecast higher to about 3 percent and 3.1 percent – significant upward revisions from where they had things earlier in the year in March before tariffs became clear. The second component here is the Fed thinks any inflation story will be transitory. Famous last words, of course. But the Fed forecast that inflation will fall back towards the 2 percent target in 2026 and 2027; so near-term impulse that fades over time. And third, the Fed sees tariffs as slowing economic growth. The Fed revised lower its outlook for growth in real GDP this year. So, in some [way], by incorporating tariffs and putting such a significant imprint on the forecast, the Fed's outlook has actually moved more in the direction of our own forecast. Matt Hornbach: I'd like to stay on the topic of geopolitics. In contrast to the word tariffs, the words Middle East only was mentioned three times during the press conference. With the weekend events there, investor concerns are growing about a spike in oil prices. How do you think the Fed will think about any supply-driven rise in energy, commodity prices here? Michael Gapen: Yeah, I think the Fed will view this as another element that suggests slower growth and stickier inflation. I think it will reinforce the Fed's view of what tariffs and immigration controls do to the outlook. Because historically when we look at shocks to oil prices in the U.S.; if you get about a 10 percent rise in oil prices from here, like another $10 increase in oil prices; history would suggest that will move headline inflation higher because it gets passed directly into retail gasoline prices. So maybe a 30 to 40 basis point increase in a year-on-year rate of inflation. But the evidence also suggests very limited second round effects, and almost no change in core inflation. So, you get a boost to headline inflation, but no persistence elements – very similar to what the Fed thinks tariffs will do. And of course, the higher cost of gasoline will eat into consumer purchasing power. So, on that, I think it's another force that suggests a slower growth, stickier inflation outlook is likely to prevail.Okay Matt, you've had me on the hot seat. Now it's your turn. How do you think about the market pricing of the Fed's policy path from here? It certainly seems to conflict with how I'm thinking about the most likely path. Matt Hornbach: So, when we look at market prices, we have to remember that they are representing an average path across all various paths that different investors might think are more likely than not. So, the market price today, has about 100 basis points of cuts by the end of 2026. That contrasts both with your path in terms of magnitude. You are forecasting 175 basis points of rate cuts; the market is only pricing in 100. But also, the market pricing contrasts with your policy path in that the market does have some rate cuts in the price for this year, whereas your most likely path does not. So that's how I look at the market price. You know, the question then becomes, where does it go to from here? And that's something that we ultimately are incorporating into our forecasts for the level of Treasury yields. Michael Gapen: Right. So, turning to that, so moving a little further out the curve into those longer dated Treasury yields. What do you think about those? Your forecast suggests lower yields over the next year and a half. When do you think that process starts to play out? Matt Hornbach: So, in our projections, we have Treasury yields moving lower, really beginning in the fourth quarter of this year. And that is to align with the timing of when you see the Fed beginning to lower rates, which is in the first quarter of next year. So, market prices tend to get ahead of different policy actions, and we expect that to remain the case this year as well. As we approach the end of the year, we are expecting Treasury yields to begin falling more precipitously than they have over recent months. But what are the risks around that projection? In our view, the risks are that this process starts earlier rather than later. In other words, where we have most conviction in our projections is in the direction of travel for Treasury yields as opposed to the timing of exactly when they begin to fall. So, we are recommending that investors begin gearing up for lower Treasury yields even today. But in our projections, you'll see our numbers really begin to fall in the fourth quarter of the year, such that the 10-year Treasury yield ends this year around 4 percent, and it ends 2026 closer to 3 percent. Michael Gapen: And these days it's really impossible to talk about movements in Treasury yields without thinking about the U.S. dollar. So how are you thinking about the dollar amidst the conflict in the Middle East and your outlook for Treasury yields? Matt Hornbach: So, we are projecting the U.S. dollar will depreciate another 10 percent over the next 12 to 18 months. That's coming on the back of a pretty dramatic decline in the value of the dollar in the first six months of this year, where it also declined by about 10 percent in terms of its value against other currencies. So, we are expecting a continued depreciation, and the conflict in the Middle East and what it may end up doing to the energy complex is a key risk to our view that the dollar will continue to depreciate, if we end up seeing a dramatic rise in crude oil prices. That rise would end up benefiting countries, and the currencies of those countries who are net exporters of oil; and may end up hurting the countries and the currencies of the countries that are net importers of oil. The good news is that the United States doesn't really import a lot of oil these days, but neither is it a large net exporter either.So, the U.S. in some sense turns out to be a bit of a neutral party in this particular issue. But if we see a rise in energy prices that could benefit other currencies more than it benefits the U.S. dollar. And therefore, we could see a temporary reprieve in the dollar's depreciation, which would then push our forecast perhaps a little bit further into the future. So, with that, Mike, thanks for taking the time to talk. Michael Gapen: It's great speaking with you, Matt. Matt Hornbach: And thanks for listening. If you enjoy thoughts on the Market, please leave us a review wherever you listen and share the podcast with a friend or colleague today.
The Wall Street Journal is reporting that President Donald Trump is thinking about announcing his pick to replace Federal Reserve Chair Jerome Powell as soon as this fall, months before Powell's term is over. Plus, the national price tag for health care is expected to reach more than 20% of GDP by 2033, even as Congress considers significant cuts to what taxpayers spend on health care for vulnerable Americans. And later, what is a "shadow fleet"?
The Wall Street Journal is reporting that President Donald Trump is thinking about announcing his pick to replace Federal Reserve Chair Jerome Powell as soon as this fall, months before Powell's term is over. Plus, the national price tag for health care is expected to reach more than 20% of GDP by 2033, even as Congress considers significant cuts to what taxpayers spend on health care for vulnerable Americans. And later, what is a "shadow fleet"?
Check out our sponsors: ✅ Birch Gold - Text CHAD to 989898 ✅ Allied Oil - https://alliedoilfield.com/ ✅ Verified Privacy - https://vp.net/CHAD Episode Description: In this episode, Chad dives headfirst into President Trump's bold performance at the NATO summit in The Hague, breaking down how he pushed allies to pony up 5% of their GDP for defense spending—while calling out Spain's resistance. Is Trump reshaping global alliances with his America-first swagger, or stirring the pot with old foes like Iran and new tensions with Ukraine? Then, it's on to the Big Apple, where democratic socialist Zohran Mamdani's stunning mayoral primary win over Andrew Cuomo has sent shockwaves through the Democratic Party. What does this mean for New York's future, and is it a sign of a broader leftward lurch? Chad unpacks the chaos with his signature humor, pulling no punches on what a socialist mayor could spell for the city that never sleeps. Learn more about your ad choices. Visit megaphone.fm/adchoices
SHOW SCHEDULE 25 JUNE 2025 GOOD EVENING. The show begins in Iran over the Fordow suspect nuclear weapon tunnels that have as yet unknown certain fate... 1879 TEHRAN CBS EYE ON THE WORLD WITH JOHN BATCHELOR FIRST HOUR 9:00-9:15 #Iran: BDA low probability. Colonel Jeff McCausland, USA (Retired) @mccauslj @cbsnews @dickinsoncol 9:15-9:30 NATO: #Ukraine: 5% of GDP is the goal. Colonel Jeff McCausland, USA (Retired) @mccauslj @cbsnews @dickinsoncol 9:30-9:45 Tariffs: Cannot delegate the delegated. Rob Natelson, Civitas Institute. 9:45-10:00 Russia: Losing money with oil and gas. Michael Bernstam, Hoover SECOND HOUR 10:00-10:15 PRC: What did PLA learn from the B-2 mission? Blaine Holt Gordon Chang 10:15-10:30 PRC: Oil reserves? Andrew Collier Gordon Chang 10:30-10:45 PRC: Xi fading? Charles Burton Gordon Chang 10:45-11:00 PRC: PLA Navy carriers and airwings ready 2027. James Fanell Gordon Chang THIRD HOUR 11:00-11:15 1/8: The Spy Who Changed History: The Untold Story of How the Soviet Union Won the Race for America's Top Secrets by Svetlana Lokhova (Author) Format: Kindle Edition On a sunny September day in 1931, a Soviet spy walked down the gangplank of the luxury transatlantic liner SS Europa and into New York. Attracting no attention, Stanislav Shumovsky had completed his journey from Moscow to enroll at a top American university. He was concealed in a group of 65 Soviet students heading to prestigious academic institutions. But he was after far more than an excellent education. Recognizing Russia was 100 years behind the encircling capitalist powers, Soviet leader Joseph Stalin had sent Shumovsky on a mission to acquire America's vital secrets to help close the USSR's yawning technology gap. The road to victory began in the classrooms and laboratories of MIT – Shumovsky's destination soon became the unwitting finishing school for elite Russian spies. The USSR first transformed itself into a military powerhouse able to confront and defeat Nazi Germany. Then in an extraordinary feat that astonished the West, in 1947 American ingenuity and innovation exfiltrated by Shumovsky made it possible to build and unveil the most advanced strategic bomber in the world. Following his lead, other MIT-trained Soviet spies helped acquire the secrets of the Manhattan Project. By 1949, Stalin's fleet of TU-4s, now equipped with atomic bombs could devastate the US on his command. Appropriately codenamed BLÉRIOT, Shumovsky was an aviation spy. Shumovsky's espionage was so successful that the USSR acquired every US aviation secret from his network of agents in factories and at top secret military research institutes. In this thrilling history, Svetlana Lokhova takes the reader on a journey through Stalin's most audacious intelligence operation. She pieces together every aspect of Shumovsky's life and character using information derived from American and Russian archives, exposing how even Shirley Temple and Franklin D. Roosevelt unwittingly advanced his schemes. 11:15-11:30 2/8: The Spy Who Changed History: The Untold Story of How the Soviet Union Won the Race for America's Top Secrets by Svetlana Lokhova (Author) Format: Kindle Edition 11:30-11:45 3/8: The Spy Who Changed History: The Untold Story of How the Soviet Union Won the Race for America's Top Secrets by Svetlana Lokhova (Author) Format: Kindle Edition 11:45-12:00 4/8: The Spy Who Changed History: The Untold Story of How the Soviet Union Won the Race for America's Top Secrets by Svetlana Lokhova (Author) Format: Kindle Edition FOURTH HOUR 12:00-12:15 France: Heat wave and country lanes. Simon Constable, Occitanie. 12:15-12:30 NATO: On Starmer struggles to find the money for defense pledge of 5%. Simon Constable 12:30-12:45 NASA: Looking for private funding for missions. Bob Zimmerman behindtheblack.com 12:45-1:00 AM Big Astronomy Key corrections made: Added proper time formatting with colons "BATCHELORFIRST" → "BATCHELOR" (separated) "enrol" → "enroll" (American spelling) "Recognising" → "Recognizing" (American spelling) "NÅSÅ" → "NASA" "PLADGE" → "pledge" "aM" → "AM" Applied proper sentence case throughout Fixed spacing and formatting for readability