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    Thoughts on the Market
    Why Stocks Get Ahead of the Fed

    Thoughts on the Market

    Play Episode Listen Later Aug 4, 2025 4:10


    Economic data looks backward while equity markets are looking ahead. Our CIO and Chief U.S. Equity Strategist Mike Wilson explains why this delays the Federal Reserve in both cutting and hiking rates – and why this is a feature of monetary policy, not a bug.Read more insights from Morgan Stanley.----- Transcript -----Welcome to Thoughts on the Market. I'm Mike Wilson, Morgan Stanley's CIO and Chief U.S. Equity Strategist. Today on the podcast I'll be discussing why economic data can be counterintuitive for how stocks trade. It's Monday, August 4th at 11:30am in New York. So, let's get after it. Since the lows in April, the rally in stocks has been relentless with no tradable pullbacks. I have been steadfastly bullish since early May primarily due to the V-shaped recovery in earnings revisions breadth that began in mid-April. The rebound in earnings revisions has been a function of the positive reflexivity from max bearishness on tariffs, the AI capex cycle bottoming, and the weaker U.S. dollar. Now, cash tax savings from the One Big Beautiful Bill are an additional benefit to cash flow which should drive higher capital spending and M&A. As usual, stocks have traded ahead of the positive sentiment and the lagging economic data – which leads me to the main point for today. Weak labor data last week may worry some investors in the short term. But ultimately we see that as just another positive catalyst for stocks. Further deterioration would simply get the Fed to start cutting rates sooner and more aggressively.The bond market seems to agree and is now pricing a 90 percent chance of a Fed cut in September, and the 2-year Treasury yield is 80 basis points below the fed[eral] funds rate. This spread is not nearly as severe as last summer when it reached 200 basis points. However, it will widen further if next month's labor data is disappointing again. While weaker economic data could lead to further weakness in equities, the labor data is arguably the most backward-looking data series we follow. It's also why the Fed tends to be late with rate cuts. Meanwhile, inflation metrics are arguably the second most backward looking data, which explains why the Fed also tends to be late in terms of hiking rates. In my view, it's a feature of monetary policy, not a bug. Finally, in my opinion, the bond market's influence is more important than President Trump's public calls for Powell to cut rates. The equity market understands this dynamic, too—which is why it also gets ahead of the Fed at various stages of the cycle. We noted in our Mid-Year Outlook that April was a very durable low for equities that effectively priced a mild recession. To fully appreciate this view, one must acknowledge that equities were correcting for the 12 months leading up to April with the average stock down close to 30 percent at the lows. More importantly, it also coincided with a major trough in earnings revisions breadth. In short, Liberation Day marked the end of a significant bear market that began a year earlier. Remember, equity markets bottom on bad news and Liberation Day was the last piece of a long string of bad news that formed the bottom for earnings revisions breadth that we have been laser focused on. To bring it home, economic data is backward looking, earnings revisions and equity markets are forward looking. April was a major low for stocks that discounted the weak economic data we are seeing now. It was also the trough of the rolling recession that we have been in for the past three years and marked the beginning of a rolling recovery and a new bull market. For those who remain skeptical, it's important to recognize that the unemployment typically rises for 12 months after the equity market bottoms in a recession. Once the growth risk is priced, it's ultimately a tailwind for margins and stocks, as positive operating leverage arrives and the Fed cuts significantly. Based on this morning's rebound in stocks, it looks like the equity markets agree. Thanks for tuning in; I hope you found it informative and useful. Let us know what you think by leaving us a review. And if you find Thoughts on the Market worthwhile, tell a friend or colleague to try it out!

    Millionaires Unveiled
    421: Net Worth Of $10M - Beyond Borders, Beyond Millions: A Deep Dive Into One Expats Global Wealth Strategy

    Millionaires Unveiled

    Play Episode Listen Later Aug 4, 2025 42:01


    Summary In this episode, Adam shares his unique journey as an expat entrepreneur, discussing his investment strategies, asset allocation, and the importance of maintaining liquidity in his financial portfolio. He has a net worth of $10+ million with most of it in his business. He reflects on the challenges and rewards of running a business, the significance of cash management, and the lessons learned from navigating investments in various countries. Adam emphasizes the value of experiences over material possessions and the importance of surrounding oneself with positive influences. He concludes with insights on entrepreneurship and the realities of growth in business. Takeaways Adam has lived overseas for 14 years, gaining a unique perspective on wealth. He focuses on helping expats and high-net-worth individuals with investments and wealth protection. His net worth is in the eight-figure range, primarily in company valuations and liquid assets. Adam prefers liquid assets over real estate due to tax disadvantages abroad. He believes cash should be seen as an opportunity for acquisitions rather than a long-term hold. Having cash on hand is crucial for business owners to seize unexpected opportunities. Investment strategies should adapt to changing economic conditions and personal circumstances. Travel and experiences provide lasting value compared to material possessions. Surrounding oneself with positive influences is essential for personal and professional growth. Entrepreneurship often requires patience and resilience, with success not always being linear.

    Beekeeping Today Podcast
    Yellow Jackets with Dr. Richard Zack (345)

    Beekeeping Today Podcast

    Play Episode Listen Later Aug 4, 2025 51:16


    Late summer brings not just honey harvests but also the return of yellow jackets. For many beekeepers, their sudden appearance can spark concern—or outright dread—around the bee yard. In this episode, Jeff and Becky sit down with Dr. Richard Zack, professor of entomology at Washington State University, to unpack the truth about these misunderstood wasps. Rich shares fascinating insights into yellow jacket biology, their annual colony cycle, and why they turn up at apiaries during nectar dearth. He explains the differences between yellow jackets, wasps, hornets, and honey bees, and why their carnivorous diets can actually make them beneficial predators in many ecosystems. The conversation covers practical tips for beekeepers, including seasonal control strategies, entrance reduction, and why strong honey bee colonies can easily fend off these opportunistic scavengers. By the end, you may look at yellow jackets a little differently—as part of the natural balance rather than the enemy of your hives. Websites from the episode and others we recommend: Referenced BTP Episode with Yellow Jacket Collector Zach Techner: https://www.beekeepingtodaypodcast.com/s4e13 Honey Bee Health Coalition: https://honeybeehealthcoalition.org The National Honey Board: https://honey.com Honey Bee Obscura Podcast: https://honeybeeobscura.com   Copyright © 2025 by Growing Planet Media, LLC     ______________ Betterbee is the presenting sponsor of Beekeeping Today Podcast. Betterbee's mission is to support every beekeeper with excellent customer service, continued education and quality equipment. From their colorful and informative catalog to their support of beekeeper educational activities, including this podcast series, Betterbee truly is Beekeepers Serving Beekeepers. See for yourself at www.betterbee.com This episode is brought to you by Global Patties! Global offers a variety of standard and custom patties. Visit them today at http://globalpatties.com and let them know you appreciate them sponsoring this episode!  Thanks to Bee Smart Designs as a sponsor of this podcast! Bee Smart Designs is the creator of innovative, modular and interchangeable hive systems made in the USA using recycled and American sourced materials. Bee Smart Designs - Simply better beekeeping for the modern beekeeper.   Thanks to Dalan who is dedicated to providing transformative animal health solutions to support a more sustainable future. Dalan's vaccination against American Foulbrood (AFB) is a game changer. Vaccinated queens protect newly hatched honeybee larvae against AFB using the new Dalan vaccine. Created for queen producers and other beekeepers wanting to produce AFB free queens.  Retailers offering vaccinated queens and packages:  https://dalan.com/order-vaccinated-queens/   More information on the vaccine: https://dalan.com/media-publications/ Thanks to Strong Microbials for their support of Beekeeping Today Podcast. Find out more about their line of probiotics in our Season 3, Episode 12 episode and from their website: https://www.strongmicrobials.com Thanks for Northern Bee Books for their support. Northern Bee Books is the publisher of bee books available worldwide from their website or from Amazon and bookstores everywhere. They are also the publishers of The Beekeepers Quarterly and Natural Bee Husbandry. _______________ We hope you enjoy this podcast and welcome your questions and comments in the show notes of this episode or: questions@beekeepingtodaypodcast.com Thank you for listening!  Podcast music: Be Strong by Young Presidents; Epilogue by Musicalman; Faraday by BeGun; Walking in Paris by Studio Le Bus; A Fresh New Start by Pete Morse; Wedding Day by Boomer; Christmas Avenue by Immersive Music; Red Jack Blues by Daniel Hart; Original guitar background instrumental by Jeff Ott. Beekeeping Today Podcast is an audio production of Growing Planet Media, LLC Copyright © 2025 by Growing Planet Media, LLC

    This Jewish Life - By Rabbi Yaakov Wolbe

    We all want to live long. But how long is a long life? Centenarians are still rare. Global life expectancy is around 70 years old. In healthier, richer countries, maybe 80. But when you open up Scripture, you find ages an order of magnitude larger. Adam lived to 930. Methuselah to 969. How do we […]

    The Why Files. Operation: PODCAST
    606: The Ancient Time Capsule Controlled by the Global Shadow Government

    The Why Files. Operation: PODCAST

    Play Episode Listen Later Aug 4, 2025 38:40


    A Pentagon satellite detected an energy-shielded chamber beneath Romania's Bucegi Mountains. When an identical site in Baghdad activated simultaneously, world powers realized they faced an active ancient network. Only a psychic Romanian intelligence officer could breach the lethal barriers. Inside, holographic technology revealed secrets that shadow organizations had sought for centuries. The discovery triggered Romania's immediate NATO admission after years of rejection. The story comes from a single intelligence source with no verification, yet archaeological sites worldwide remain under military protection. Something is being hidden from the public - but what?

    All Rabbi Yaakov Wolbe Podcasts
    Biblical Longevity

    All Rabbi Yaakov Wolbe Podcasts

    Play Episode Listen Later Aug 4, 2025 50:32


    We all want to live long. But how long is a long life? Centenarians are still rare. Global life expectancy is around 70 years old. In healthier, richer countries, maybe 80. But when you open up Scripture, you find ages an order of magnitude larger. Adam lived to 930. Methuselah to 969. How do we understand the radical difference in the ages of the ancients? What changed from then till now? Why did God shrink the average life expectancy? This question intrigued many of our sages, and in this very fun and interesting podcast, we explore some of the ideas that they shared.– – – – – – – – – – – – – – – – – – – – – –DONATE: Please consider supporting the podcasts by making a donation to help fund our Jewish outreach and educational efforts at https://www.torchweb.org/support.php. Thank you!– – – – – – – – – – – – – – – – – – – – – –Email me with questions, comments, and feedback: rabbiwolbe@gmail.com– – – – – – – – – – – – – – – – – – – – – –SUBSCRIBE to my Newsletterrabbiwolbe.com/newsletter– – – – – – – – – – – – – – – – – – – – – –SUBSCRIBE to Rabbi Yaakov Wolbe's PodcastsThe Parsha PodcastThe Jewish History PodcastThe Mitzvah Podcast This Jewish LifeThe Ethics PodcastTORAH 101 ★ Support this podcast ★

    Communism Exposed:East and West
    The Secret Payments That Keep Global Ransomware Attacks Going

    Communism Exposed:East and West

    Play Episode Listen Later Aug 4, 2025 9:51


    Heads Talk
    263 - Ashley Dudarenok, CEO: BRICS Series, Alarice, ChoZan - Made in China 2025: Digital Evolution & Global Tech Influence

    Heads Talk

    Play Episode Listen Later Aug 3, 2025 62:24


    Let us know your thoughts. Send us a Text Message. Follow me to see #HeadsTalk Podcast Audiograms every Monday on LinkedInEpisode Title:

    Bob Enyart Live
    Sharkskin Jets, Pangolin Armor, and Atheists Denying Atheism!

    Bob Enyart Live

    Play Episode Listen Later Aug 2, 2025


    * Of Pangolins and Protection: Fred and Ryan review the latest Creation Magazine, starting with the pangolin! Its an armored, anteater-like creature with keratin scales and unique defensive design. Evolutionists once linked it to armadillos, but genetic studies disproved the connection, forcing an appeal to convergent evolution—a recurring "rescue device" for failing Darwinian models. * Shark Skin and Airplanes: From ocean to air, shark skin's ridged structure reduces drag. Engineers have reverse-engineered this feature for airplane coatings and banned swimsuits. Like past guest Dr. Michael Egnor noted, reverse engineering proves intentional design. * A Forest from a Warmer Past: Global warming headlines falter as ancient warm-climate forests are discovered under melting snow in Wyoming.  * Dawkins vs. Dawkins: Irony strikes as atheist icon Richard Dawkins clashes with the Freedom From Religion Foundation over gender ideology. Dawkins is now censored for insisting humans can't change biological sex. As Romans 1 says, suppressing truth leads to folly. *  Life on Bennu? Not So Fast: NASA's return samples from asteroid Bennu contain racemic amino acids—both left and right-handed—suggesting death, not life. Fred and Ryan highlight the missed opportunity by CMI to support the Hydroplate Theory, which better explains why Earth-like materials (like serpentinite) are found in space. * Dire Wolves and DNA: A biotech firm claims to have "de-extincted" the Ice Age dire wolf using CRISPR and gray wolf DNA. But critics argue it's just a genetically engineered look-alike. The ethics—and science fiction parallels—raise valid concerns about modern tinkering with life. * Ant Eyes and Imaging Breakthroughs: Desert ants' compound eyes detect polarized light to navigate featureless landscapes. Chinese scientists copied this tech to enhance imaging—enabling detection of cancer cells without staining. Once again, man learns from the Master Engineer.

    Thoughts on the Market
    Why Markets Remain Murky on Tariff Fallout

    Thoughts on the Market

    Play Episode Listen Later Aug 1, 2025 10:17


    While investors may now better understand President Trump's trade strategy, the economic consequences of tariffs remain unclear. Our Global Head of Fixed Income Research and Public Policy Michael Zezas and our Chief U.S. Economist Michael Gapen offer guidance on the data they are watching.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. Michael Gapen: And I'm Michael Gapen, Chief U.S. Economist. Michael Zezas: Today ongoing effects of tariffs on the U.S. economy. It is Friday, August 1st at 8am in New York. So, Michael, lots of news over the past couple of weeks about the U.S. making trade agreements with other countries. It's certainly dominated client conversations we've had, as I'm assuming it's probably dominated conversations for you as well. Michael Gapen: Yeah certainly a topic that never goes away. It keeps on giving at this point in time. And I guess, Michael, what I would ask you is, what do you make of the recent deals? Does it reduce uncertainty in your mind? Does it leave uncertainty elevated? What's your short-term outlook for trade policy? Michael Zezas: Yeah, I think it's fair to say that we've reduced the range of potential outcomes in the near term around tariff rates. But we haven't done anything to reduce longer term uncertainties in U.S. trade policy. So, consider, for example, over the last couple of weeks, we have an agreement with Japan and an agreement with Europe – two pretty substantial trading partners – where it appears, the tariff rate that's going to be applied is something like 15 percent. And when you stack up these deals on one another, it looks like we're going to end up in an average effective tariff rate from the U.S. range of kind of 15 to 20 percent. And if you think back a couple of months, that range was much wider and we were potentially talking about levels in the 25 to 30 percent range. So, in that sense, investors might have a bit of a respite from the idea of kind of massive uncertainty around trade policy outcomes. However, longer term, these agreements really just are kind of principles that are set out for behavior, and there's lots of trip wires that could create future potential escalations. So, for example, with the Europe deal, part of the deal is that Europe will commit to purchase a substantial amount of U.S. energy. There's obvious questions as to whether or not the U.S. can actually supply that amidst its own energy needs that are rising substantially over the course of the next year. So, could we end up in a situation where six months to a year from now if those purchases haven't been made – the U.S. sort of presses forward and the administration threatens to re-escalate tariffs again. Really hard to know, but the point is these arrangements have lots of contingencies and other factors that could lead to re-escalation. But it's fair to say, at least in the near term, that we're in a landing place that appears to be somewhat smaller in terms of the range of potential outcomes. Now, I think a question for investors is going to be – how do we assess what the effects of that have been, right? Because is it fair to say that the economic data that we've received so far maybe isn't fully telling the story of the effects that are being felt quite yet. Michael Gapen: Yeah, I think that's completely right. We've always had the view that it would take several months or more just for tariffs to show up in inflation. And if tariffs primarily act as a tax on the consumer, you have to apply that tax first before economic activity would moderate. So, we've long been forecasting that inflation would begin to pick up in June. We saw a little of that. But it would accelerate through the third quarter, kind of peaking around the August-September period. So, I'd say we've seen the first signs of that, Michael, but we need obviously follow through evidence that it's happening. So, we do expect that in the July, August and September inflation reports, you'll see a lot more evidence of tariffs pushing goods prices higher. So, we'll be dissecting all the details of the CPI looking for evidence of direct effects of tariffs, primarily on goods prices, but also some services prices. So, I'd put that down as the first marker, and we've seen some, early evidence on that. The second then, obviously, is the economy's 70 percent consumption. Tariffs act as a regressive tax on low- and middle-income consumers because non-discretionary purchases are a larger portion of their consumption bundle and a lot of goods prices are as well. Upper income households tend to spend relatively more money on leisure and recreation services. So, we would then expect growth in private consumption, primarily led by lower and middle-income spending softening. We think the consumer would slow down. But into the end of the year. Those are the two main markers that I would point to. Michael Zezas: Got it. So, I think this is really important because there's certainly this narrative amongst clients that we talk to that markets may have already moved on from this. Or investors may have already priced in the effects – or lack thereof – of some of this tariff escalation. Now we're about to get some real evidence from economic data as to whether or not that view and those assumptions are credible. Michael Gapen: That's right. Where we were initially on April 2nd after Liberation Day was largely embargo level tariffs. And if those stayed in place, trade volumes and activity and financial market asset values would've collapsed precipitously. And they were for a few weeks, as you know, but then we dialed it back and got out of that. So, yeah, we would say it's wrong to conclude that the economy , has absorbed these tariffs already and that they won't have,, a negative effect on economic activity. We think they will just in the base case where tariffs are high, but not too high, it just takes a while for that to happen. Michael Zezas: And of course, all of that's kind of core to our multi-asset outlook right now where a slowing economy, even with higher recession probabilities can still support risk assets. But of course, that piece of it is going to be very complicated if the economic data ends up being worse than you suspect. Now, any evidence you've seen so far? For example, we had a GDP report earlier this week. Any evidence from that data as to where things might go over the next few months?Michael Gapen: Yeah, well, another data point on trade policy and trade policy uncertainty really causing a lot of volatility in trade flows. So, if you recall, there's big front running of tariffs in the first quarter. Imports were up about 37 percent on the quarter; that ended in the second quarter, imports were down 30 percent. So net trade was a big drag on growth in the first quarter. It was a big boost to growth in the second. But we think that's largely noise. So, what I would say is we've probably level set import and export volumes now. So, do trade volumes from here begin to slow? That's an unresolved question. But certainly, the large volatility in the trade and inventory data in Q1 and Q2 GDP numbers are reflective of everything that you're saying about the risks around trade policy and elevated trade policy uncertainty. Second, though, I would say, because we started out the quarter with Liberation Day tariffs, the business sector, clearly – in our mind anyway – clearly responded by delaying activity. Equipment spending was only up 4 to 5 percent on the quarter. IP was up about 6 percent. Structures was down 10 percent. So, for all the narrative around AI-related spending, there wasn't a whole lot of spending on data centers and power generation in the second quarter.So, what you speak to about the need to reduce some trade policy uncertainty, but also your long run trade policy uncertainty remains elevated? I would say we saw evidence in the second quarter that all of that slowed down capital spending activity. Let's see if the One Big Beautiful Bill act can be a catalyst on that front, whether animal spirits can come back. But that's the other thing I would point to is that, business spending was weak and even though the headline GDP number was 3 percent, that's mainly a trade volatility number. Final sales to domestic purchasers, which includes consumption and business spending, was only up 1.1 percent in the quarter. So, the economy's moderating; things are cooling. I think trade policy and trade policy uncertainty is a big part of that story.Michael Zezas: Got it. So maybe this is something of a handoff here where my team had been really, really focused and investors have been really, really focused on the decision-making process of the U.S. administration around tariffs. And now your team's going to lead us through understanding the actual impacts. And the headline numbers around economic data are important, but probably even more important is the underlying. Is that fair? Michael Gapen: I think that's fair. I think as we move into the third quarter, like between now and when the Fed meets in, September, again, they'll have a few more inflation reports, a few more employment reports. We're going to learn a lot more than about what the Fed might do. So, I think the activity data and the Fed will now become much more important over the next several months than where we've been the past several months, which is about, has been about announcements around trade. Michael Zezas: All right. Well then, we look forward to hearing more from you and your team in the coming months. Well Michael, thanks for taking the time to talk to me. Michael Gapen: Thanks for having me on. Michael Zezas: And to our audience, thanks for listening. If you enjoy Thoughts on the Market, please leave us a review and tell your friends about the podcast. We want everyone to listen.

    The David Knight Show
    Fri Episode #2067: March Toward a Chinese-Style Internet — The Global Censorship Blueprint

    The David Knight Show

    Play Episode Listen Later Aug 1, 2025 181:39


    01:00:29 – Tariff Deadline Arrives, Trump RetreatsThe show opens with “Taco Friday” and notes Trump's tariff deadline against Mexico has come — but he backs down after a “successful” call with President Claudia Scheinbaum. 01:09:14 – Trump Targets India Over Russian Arms DealsTrump threatens 25% tariffs on India for buying Russian military equipment, framing it as a way to push India toward buying U.S. weapons instead. 01:16:32 – “Dark Fleet” as a Pretext for EscalationDiscussion on the so‑called “Dark Fleet” of Russian oil tankers, mocked as a cartoonish villain label being used to justify further confrontation with Russia. 01:29:17 – Violence Against Women No Longer Off‑LimitsAnalysis of a public assault caught on video. The host warns women not to physically intervene in violent situations — societal honor codes no longer offer protection. 01:39:27 – Satire on Race, Robots, and ControlA sarcastic riff imagines a future where race wars help robots take over, ending racism by replacing humans with shiny, chrome‑skinned machines. 01:46:57 – Feminism and the Collapse of Family LoyaltyUsing “Lilo & Stitch” as a metaphor, the host criticizes feminism for prioritizing careers and degrees over family responsibilities. 01:59:53 – Euthanasia Over TreatmentCritique of Western nations like Canada promoting euthanasia instead of care, alongside acknowledgment that over a quarter of the population is now considered mentally ill. 02:15:16 – March Toward a Chinese‑Style InternetWarnings about Australia's push for total digital surveillance “to protect kids” — seen as a model for a global Chinese‑style online control system. 02:29:35 – Fourth Turning & Organ Harvesting in ChinaIntro to the “Fourth Turning” theme, warning about cycles of war and collapse. Includes a chilling aside on China's organ harvesting without anesthesia. 02:37:26 – Trump's Peace Rhetoric vs. RealityCritique of Trump as a “peace president” who, in practice, follows Netanyahu's agenda and risks escalation toward World War III. 02:43:56 – COVID Shots as Depopulation WeaponmRNA vaccines are framed as a depopulation program backed by globalist elites — with Trump, Trudeau, and Johnson accused of pushing them on the public. 02:51:08 – Gina Haspel's Deep State ResumeReview of Gina Haspel's record in torture, Iraq War lies, Russiagate, and possible January 6th involvement — questioning why Trump appointed her CIA Director. 03:27:31 – Spotify's AI Weapons Investment BacklashCoverage of musicians pulling their work from Spotify after revelations its CEO invests heavily in AI-driven weapons and drone technology. Follow the show on Kick and watch live every weekday 9:00am EST – 12:00pm EST https://kick.com/davidknightshow Money should have intrinsic value AND transactional privacy: Go to https://davidknight.gold/ for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to https://trendsjournal.com/ and enter the code KNIGHTFind out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Become a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

    Brexitcast
    The Battle For Car Finance Compensation

    Brexitcast

    Play Episode Listen Later Aug 1, 2025 32:51


    Today, a landmark result from the Supreme Court rules that lenders won't have to pay compensation to millions of motorists over car finance loans. The Court determined dealerships weren't duty-bound to act solely in the interests of their customers, overturning a previous judgement that ruled in favour of consumers. It was a long and complex verdict so Adam is joined by political correspondent Helen Catt and Theo Leggett, international business correspondent, to help break it down.And, Global stocks have dropped after President Trump has increased tariffs on more than 90 countries. Canadian PM Mark Carney says he is “disappointed” that the US tariff on Canada has increased from 25% to 35%. Higher tariffs for Mexico were paused for another 90 days, but Brazil faces a 50% levy. Adam is joined by Dharshini David, deputy economics editor. You can now listen to Newscast on a smart speaker. If you want to listen, just say "Ask BBC Sounds to play Newscast”. It works on most smart speakers. You can join our Newscast online community here: https://tinyurl.com/newscastcommunityhereGet in touch with Newscast by emailing newscast@bbc.co.uk or send us a whatsapp on +44 0330 123 9480.New episodes released every day. If you're in the UK, for more News and Current Affairs podcasts from the BBC, listen on BBC Sounds: https://bit.ly/3ENLcS1 Newscast brings you daily analysis of the latest political news stories from the BBC. It was presented by Adam Fleming. It was made by Jack Maclaren with Gabriel Purcell-Davis and Jada Meosa John. The social producer was Joe Wilkinson. The technical producer was Mike Regaard. The assistant editor is Chris Gray. The senior news editor is Sam Bonham.

    American Prestige
    News - Israel Continues Starving Gaza, Thailand and Cambodia Ceasefire, Global Fresh Water Supply Dwindles

    American Prestige

    Play Episode Listen Later Aug 1, 2025 52:48


    Subscribe now to skip the ads! Don't forget to purchase our “Welcome to the Crusades” special series! Danny and Derek are monitoring the Liam Neeson-Pamela Anderson situation. Otherwise, in this week's news: a new study says most countries are exploiting groundwater aquifers at an unsustainable rate (2:26); in Israel-Palestine, another Gaza ceasefire breaks down (4:56), Israel's “humanitarian pause” has little effect on the starvation in Gaza (7:22), the Gaza Humanitarian Foundation is under scrutiny (10:13), West Bank violence is once again on the rise (12:23), and several European leaders float the idea of recognizing a Palestinian state (14:11); Trump threatens to bomb Iran again (17:45); POTUS relaxes sanctions on Myanmar while considering a mineral deal (20:12), plus that country's military junta lifts the state of emergency (23:55); Thailand and Cambodia agree to a ceasefire for the moment (25:32); the Trump administration cancels interactions with Taiwan (28:32); the Sudan “quartet” meeting is cancelled after a dispute between Egypt and the United Arab Emirates (31:56); Trump shortens the deadline for Russia to end its war in Ukraine (35:01); and this week's trade news includes the US reaching deals with the EU and South Korea (38:09), imposing a 25% tariff plus “penalties” on India (41:16), hitting Brazil with a 50% tariff (43:14), plus Trump suggesting no future deal with Canada (46:01), and a deal with China remaining in limbo (47:32). Learn more about your ad choices. Visit megaphone.fm/adchoices

    PBS NewsHour - Segments
    Tariffs will help improve ‘broken global economic situation,’ economist Oren Cass says

    PBS NewsHour - Segments

    Play Episode Listen Later Aug 1, 2025 8:33


    President Trump announced another list of new tariffs on more than 60 countries, an unprecedented economic move that seeks to remake the global trade system. The tariffs, which range in rates from 10 to 41 percent, will take effect next week. It comes as the jobs report came in weaker than expected, with just 73,000 added last month. Geoff Bennett discussed more with Oren Cass of American Compass. PBS News is supported by - https://www.pbs.org/newshour/about/funders

    My Therapist Ghosted Me
    Gladiators, Labubu & Soo-Chi

    My Therapist Ghosted Me

    Play Episode Listen Later Aug 1, 2025 38:37


    Vogue is VERY excited for what she's doing this week and with good reason. Joanne needs persuading when it comes to Labubu dolls and both have ideas (not necessarily sensible ones) of who should be the next Irish President.If you'd like to get in touch, you can send an email to hello@MTGMpod.comPlease review Global's Privacy Policy: https://global.com/legal/privacy-policy/For merch, tour dates and more visit: www.mytherapistghostedme.comJoanne's comedy gigs: www.joannemcnally.comThis episode contains explicit language and adult themes that may not be suitable for all listeners.

    The REAL David Knight Show
    Fri Episode #2067: March Toward a Chinese-Style Internet — The Global Censorship Blueprint

    The REAL David Knight Show

    Play Episode Listen Later Aug 1, 2025 181:39


    01:00:29 – Tariff Deadline Arrives, Trump RetreatsThe show opens with “Taco Friday” and notes Trump's tariff deadline against Mexico has come — but he backs down after a “successful” call with President Claudia Scheinbaum. 01:09:14 – Trump Targets India Over Russian Arms DealsTrump threatens 25% tariffs on India for buying Russian military equipment, framing it as a way to push India toward buying U.S. weapons instead. 01:16:32 – “Dark Fleet” as a Pretext for EscalationDiscussion on the so‑called “Dark Fleet” of Russian oil tankers, mocked as a cartoonish villain label being used to justify further confrontation with Russia. 01:29:17 – Violence Against Women No Longer Off‑LimitsAnalysis of a public assault caught on video. The host warns women not to physically intervene in violent situations — societal honor codes no longer offer protection. 01:39:27 – Satire on Race, Robots, and ControlA sarcastic riff imagines a future where race wars help robots take over, ending racism by replacing humans with shiny, chrome‑skinned machines. 01:46:57 – Feminism and the Collapse of Family LoyaltyUsing “Lilo & Stitch” as a metaphor, the host criticizes feminism for prioritizing careers and degrees over family responsibilities. 01:59:53 – Euthanasia Over TreatmentCritique of Western nations like Canada promoting euthanasia instead of care, alongside acknowledgment that over a quarter of the population is now considered mentally ill. 02:15:16 – March Toward a Chinese‑Style InternetWarnings about Australia's push for total digital surveillance “to protect kids” — seen as a model for a global Chinese‑style online control system. 02:29:35 – Fourth Turning & Organ Harvesting in ChinaIntro to the “Fourth Turning” theme, warning about cycles of war and collapse. Includes a chilling aside on China's organ harvesting without anesthesia. 02:37:26 – Trump's Peace Rhetoric vs. RealityCritique of Trump as a “peace president” who, in practice, follows Netanyahu's agenda and risks escalation toward World War III. 02:43:56 – COVID Shots as Depopulation WeaponmRNA vaccines are framed as a depopulation program backed by globalist elites — with Trump, Trudeau, and Johnson accused of pushing them on the public. 02:51:08 – Gina Haspel's Deep State ResumeReview of Gina Haspel's record in torture, Iraq War lies, Russiagate, and possible January 6th involvement — questioning why Trump appointed her CIA Director. 03:27:31 – Spotify's AI Weapons Investment BacklashCoverage of musicians pulling their work from Spotify after revelations its CEO invests heavily in AI-driven weapons and drone technology. Follow the show on Kick and watch live every weekday 9:00am EST – 12:00pm EST https://kick.com/davidknightshow Money should have intrinsic value AND transactional privacy: Go to https://davidknight.gold/ for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to https://trendsjournal.com/ and enter the code KNIGHTFind out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Become a supporter of this podcast: https://www.spreaker.com/podcast/the-real-david-knight-show--5282736/support.

    Renegade Talk Radio
    Episode 416: Alex Jones Are We On The Verge Of An AI Apocalypse? Latest Version Of ChatGPT Has Confessed To Being Used By Global Elites To Usher In Antichrist System

    Renegade Talk Radio

    Play Episode Listen Later Aug 1, 2025 84:16


    Are We On The Verge Of An AI Apocalypse? Latest Version Of ChatGPT Has Confessed To Being Used By Global Elites To Usher In Antichrist System! Plus, Stock Market Drops After Fed Refuses to Cut Rates

    Start Making Sense
    Israel Continues Starving Gaza, Thailand and Cambodia Ceasefire, Global Fresh Water Supply Dwindling | American Prestige

    Start Making Sense

    Play Episode Listen Later Aug 1, 2025 50:18


    Don't forget to purchase our “Welcome to the Crusades” special series!Danny and Derek are monitoring the Liam Neeson-Pamela Anderson situation. Otherwise, in this week's news: a new study says most countries are exploiting groundwater aquifers at an unsustainable rate (2:26); in Israel-Palestine, another Gaza ceasefire breaks down (4:56), Israel's “humanitarian pause” has little effect on the starvation in Gaza (7:22), the Gaza Humanitarian Foundation is under scrutiny (10:13), West Bank violence is once again on the rise (12:23), and several European leaders float the idea of recognizing a Palestinian state (14:11); Trump threatens to bomb Iran again (17:45); POTUS relaxes sanctions on Myanmar while considering a mineral deal (20:12), plus that country's military junta lifts the state of emergency (23:55); Thailand and Cambodia agree to a ceasefire for the moment (25:32); the Trump administration cancels interactions with Taiwan (28:32); the Sudan “quartet” meeting is cancelled after a dispute between Egypt and the United Arab Emirates (31:56); Trump shortens the deadline for Russia to end its war in Ukraine (35:01); and this week's trade news includes the US reaching deals with the EU and South Korea (38:09), imposing a 25% tariff plus “penalties” on India (41:16), hitting Brazil with a 50% tariff (43:14), plus Trump suggesting no future deal with Canada (46:01), and a deal with China remaining in limbo (47:32).Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

    The Wolf Of All Streets
    Project Crypto: How The USA Plans To Dominate Global Bitcoin & Crypto

    The Wolf Of All Streets

    Play Episode Listen Later Aug 1, 2025 26:45


    This week on Friday Five, I'm joined by Nathaniel Whittemore to unpack a massive week for crypto and macro. The Fed held rates steady but signaled hawkishness, prompting Trump to unleash on Powell again. We dive into Ray Dalio's “point of no return” warning, the Galaxy 80K BTC stress test, the Bitmine buyback flop, and the underwhelming White House crypto report. Nathaniel Whittemore: https://x.com/nlw ►► JOIN THE WOLF PACK - FREE Telegram group where I share daily updates on everything I'm watching and chat directly with all of you.

    The Tara Show
    "From Tariffs to Censorship: The Deep State's Global Web Unraveled"

    The Tara Show

    Play Episode Listen Later Aug 1, 2025 18:37


    This explosive segment weaves together the unraveling of a long-running deception: the Russia collusion hoax, the failed recession predictions from financial elites, and the emerging threat of international censorship tied to U.S. intel agencies. Financial media relied on Democrat donor Jamie Dimon for recession forecasts that flopped—while Trump's tariffs defied predictions and boosted the economy. But the real bombshell lies deeper: recovered FBI “burn bag” documents expose the fabrication of the Trump-Russia narrative by Hillary Clinton's campaign, documented in a memo uncovered via a Russian hack of Soros's Open Society Foundation. Meanwhile, former CIA Director John Brennan is helping foreign governments build censorship regimes, like the UK's Online Safety Act and Brazil's social media crackdown—programs modeled off U.S. intel operations. Trump's recent aggressive tariffs on Brazil signal a new phase of the battle. As the censorship-industrial complex expands globally, this segment warns: we are now in the hot phase of the war against the Deep State—and the Dragnet is already being built.

    The Tara Show
    H3: "From False Forecasts to Global Censorship: The Deep State's Losing Battle"

    The Tara Show

    Play Episode Listen Later Aug 1, 2025 32:41


    The narrative unravels as elite institutions—from Wall Street to the intelligence community—face exposure for manipulating truth and undermining democratic accountability. In the first transcript, the media's recession predictions, driven by figures like JPMorgan's Jamie Dimon and amplified by anti-Trump financial pundits, are proven wrong as the economy thrives under tariffs and smart trade moves. In the second, the scope widens: whistleblower revelations, FBI cover-ups, and international censorship programs—many tied to figures like John Brennan and Democrat operatives—highlight a coordinated effort to silence dissent globally. As Trump fights back with aggressive tariffs and bold appointments, the establishment panics. These episodes connect the dots between media misinformation, weaponized agencies, and a censorship dragnet preparing to ensnare Americans if the power shifts again. The war for truth has gone global—and it's heating up.

    The Final Hour
    Prophecy Unfolding: Is the Revived Roman Empire Here? | End Time Signs Explained | TFH EPISODE #178

    The Final Hour

    Play Episode Listen Later Aug 1, 2025 73:06


    Is Bible prophecy unfolding in real time? This conversation dives deep into the prophetic books of Daniel, Ezekiel, and Revelation to uncover what Scripture reveals about the end times. From the rise of the Antichrist and the revived Roman Empire to the precision of Daniel's visions about world empires, ancient prophecies are aligning with today's headlines. Daniel's four beasts, the ten kings of Revelation, and the shocking accuracy of events predicted in Daniel 11 all point to a supernatural authorship of Scripture. Ezekiel 38's Gog/Magog War and modern movements in Israel are placing the Middle East at the center of global attention—just as the Bible foretold. The rediscovery of the ancient holy anointing oil described in Exodus 30 and Psalm 133—found near the Dead Sea in 1989—signals prophetic preparation for Messiah's return. Global systems like the World Economic Forum and the push toward a one-world government mirror what Daniel and Revelation warned about centuries ago. --------------------------------------------------------------------------------------------------------------

    Al Jazeera - Your World
    Trump sets new global tariffs, US sharpens sanctions threat on Russia

    Al Jazeera - Your World

    Play Episode Listen Later Aug 1, 2025 2:16


    Your daily news in under three minutes. At Al Jazeera Podcasts, we want to hear from you, our listeners. So, please head to https://www.aljazeera.com/survey and tell us your thoughts about this show and other Al Jazeera podcasts. It only takes a few minutes! Connect with us: @AJEPodcasts on X, Instagram, Facebook, and YouTube

    NTD News Today
    Global Trade Partners React to New US Tariffs; US Special Envoy Steve Witkoff Visits Gaza

    NTD News Today

    Play Episode Listen Later Aug 1, 2025 48:58


    On Thursday, the eve of the Aug. 1 deadline for trading partners to reach trade agreements with the United States, President Donald Trump signed an executive order imposing a new wave of tariffs on dozens of countries. Global trading partners responded on Friday, with some welcoming the move after securing favorable terms, while others expressed disappointment as their tariff rates increased.U.S. special envoy Steve Witkoff and U.S. Ambassador to Israel Mike Huckabee traveled to Gaza on Friday to inspect the U.S.- and Israel-backed aid distribution system. The visit took place as Witkoff works on a final plan to speed up aid deliveries to Gaza, the White House said on Thursday.

    JUDGE JULES PRESENTS THE GLOBAL WARM UP
    Episode 1117: JUDGE JULES PRESENTS THE GLOBAL WARM UP EPISODE 1117

    JUDGE JULES PRESENTS THE GLOBAL WARM UP

    Play Episode Listen Later Aug 1, 2025


    1: GORGON CITY - Loveless (Extended Mix) 2: DUKE DUMONT - My Heart (Is Full Of Love)3: KETTAMA, DJ HEARTSTRING - If U Want My Heart (ft. KLP)4: DJ TENNIS – Playa Paradiso5: KEVIN MCKAY, ELISE LEGROW, DOOZIE - So Far (Extended Mix)6: MILKWISH - Night Is Calling - Extended Mix7: GENIX VS. MC LETHAL - Rave Digger (Extended Mix)8: LANCE SAVALI – TNsLISTENERS' CHOICE8:         LOST TRIBE GAMEMASTER  10: TOMMY VEE, FUZZY HAIR, KELLER - Super11: KIESZA – Ruin My Life12: WURME & LOST VANDAL - Feel The Love (Extended Mix)13: JACK ORLEY & ABLE HEART - Detonate (Extended Mix) TRIED & TESTED14: VINTAGE CULTURE – Do You 15: ARGY, MEDUZA FT. POLLYANNA - Melodia16: IDEMI - ATC17: OOKAY - Speakers Knockin GUEST SELECTION: DESYFERDesyfer – 831Desyfer & Emma Konnanov - Castles In The Sky (Extended) THE WARM UP SELECTION 18: LIPLESS - Catching Fire 19: PUSHA D - No Good (Extended Mix)20: FAITHLESS - Fugative On The Dance Floor (Extended Mix)21: ILAN BLUESTONE, ALPHA 9 & H.E.A.R.T.S. - Paradise (Extended Mix)  THE MAINSTAGE MIX  22: BOLIER & YASMIN JANE - Airwaves (Orjan Nilsen Extended Remix)23: SHOWTEK, EXA - Slow Down Pt. 2 (Extended Mix)24: LISA LASHES - Neon Lights (Extended Mix)25: KIKI – Time For Acid26: DARREN PORTER & ARCTIC BARBERS - Edge Of The World (Extended Mix)27: FRED BAKER - Boots (28 Beats Later Mix)28: BEN NICKY - Oxygen (Extended Mix)29: PAUL OAKENFOLD FEAT. CARLA WENER - Southern Sun (Will Atkinson Extended Remix)

    Lost in the Stacks: the Research Library Rock'n'Roll Radio Show
    Episode 649: Global Equitable Open Access

    Lost in the Stacks: the Research Library Rock'n'Roll Radio Show

    Play Episode Listen Later Aug 1, 2025 59:21


    Guest: Melissa Hagemann, Director of the Budapest Open Access Initiative (BOAI) First broadcast August 1 2025. Playlist here "And that is what we call an inequity."

    Armstrong & Getty Podcast
    Sad But Enjoyable!

    Armstrong & Getty Podcast

    Play Episode Listen Later Aug 1, 2025 37:18


    Hour 3 of A&G features... The Kamala book & her possible campaign The white commercials & good genes Global warming & the cost Canada tariff & jobs created See omnystudio.com/listener for privacy information.