MONITOR TARIFFS

“Vance is leading a team that includes president Trump's special envoy, Steve Witkoff, and son-in-law Jared Kushner. The high stakes role represents what may be Vance's most significant moment of his political career. It will certainly be a defining factor as he looks further ahead to a possible run at the White House himself.”

“In a statement, Russian president Vladimir Putin said his forces would abide by the ceasefire from 4PM Saturday through end of Easter Sunday. Ukrainian president, Volodymyr Zelensky, had previously called for an Easter truce and agreed to Putin's offer, saying it was a chance for Russia to choose real progress towards peace.”

“The president has no independent power in this area of his own. He only has such authority as congress has given him, and here, they have not given him the kind of vast sweeping authority, he's claiming.”

“The FAA says anti drone lasers can now be used along The US southern border. Earlier this year, the agency shut down airspace in parts of Texas after the Pentagon deployed the systems.”

“Now the charity, which helps HIV positive young people in Lesotho and Botswana, has filed suit in Britain's high court, accusing Harry and a fellow trustee of defamation, a claim both men have rejected. It's just the latest legal headache for the Duke of Sussex who's awaiting a high court decision on the phone hacking case.”

“I do think by the end of this year, people will start to realize that productivity gains are going up. And the question is, how much of this is around artificial intelligence? And I think a really, really high part of it is about artificial intelligence. We are having 4% GDP. This, the last two quarters that we have GDP numbers for combined were over 4%.”

“I basically said capitalism is effectively fractured and ending. And what I meant by that, as you read through it, is we are having 4% GDP. Nominal GDP in Q3 was annualized at 8%. And during those six months, we created zero jobs. And today we got the payroll number, but again, it's low numbers, and we revised down more than we created.”

“I mean, it's crazy in the fact that it's unthinkable, but at the same time, whenever I do on-site presentations, I always talk about the fact that you should think the unthinkable because AI is moving at such a fast pace. If GDP is 120 trillion, it's estimated that compensation is 60 trillion across the globe. Well, if you're going to take, if you're going to replace 60 trillion with AI over the course of the next five years, then 10% to me is not out of the question.”

“The reason it's up there, we're still early in the data counting, so this is very early, but the reason is because the trade deficit is falling. And again, the trade deficit is the other side of this. We've been running a deficit, trade deficit in the country for a long time. That has led to a capital account surplus, meaning the money leaves the US, it goes to these other countries.”

“The rest of the world, because the cost of coding is going to zero, the ability for anyone to do it has become ubiquitous. That means companies around the world that are more bloated... it's much easier to make your profit margins go up with AI when you're starting from 10% than if you're starting from 75%. I think that's what we're starting to see because the companies that are at 75%, they're either coding companies or being disrupted by AI.”

“Global bond prices are headed for their biggest monthly decline in years. In fact, they achieve that as geopolitical tensions stroke fear of sustained inflation and economic disruption.”

“Oil surged over 11%... Iran is reportedly drafting a protocol with Oman, including tolls to monitor traffic through the Strait of Hormuz. Those cross currents are understandably driving a complacency versus FOMO debate.”

“Tariffs created 93 million in gross margin headwinds in Q3 alone. So despite the beat, the stock fell about 3.2%... the tariff impact is actually expected to grow the following year to 300 million.”