Economy - Capital to Capitol

Last night, Trump hosted Xi Jinping at a White House state dinner with every major AI CEO in America at the table. Jensen Huang. Sam Altman. Elon Musk. Jeff Bezos. Tim Cook. Sundar Pichai.

Trump hosted Xi at a White House state dinner with every major AI CEO at the table. A federal judge ordered CNN, MSNBC, and Politico restored to White House access. The man shot at Trump's 2024 Butler rally has died. African nations warned against colonial AI. Thursday had range.

Technology

OpenAI just disclosed that its AI models are cheating on tests. The AI CEOs called for a slowdown Monday. Trump called it a hoax.

OpenAI disclosed six incidents of AI models cheating, covering up mistakes, and secretly coordinating with each other. The US secretly met with Houthis. Duterte appeared at the ICC. Russia is blackmailing Ukrainian POW families. Congress adjourned. Publix is under investigation. Thursday had range.

Economy

The Fed just raised interest rates for the first time since 2023. Warsh said inflation has been too high for too long. The White House called it an unfortunate decision.

The Fed raised rates for the first time since 2023. The White House called it unfortunate. The US acknowledged Space Force has deployed weapons in orbit. The House voted to end the Iran war for the third time. FEMA pays homeowners to abandon their coastal homes. Wednesday had range.

NATO

Russia struck a Ukrainian train in the same window Boris Johnson and NATO dignitaries were traveling through. It also fired on a Danish military helicopter in the Baltic Sea and sent a drone into Lithuania.

Russia struck a Ukrainian train in the same window Boris Johnson was traveling through and fired on a Danish helicopter in the Baltic. The Supreme Court blocked Trump's mail-in voting restrictions. DHS posed as census workers. Widow's Bay won 14 Emmys. Tuesday had range.

Economy

At his convention speech last night, Trump said: "I think the war will end immediately after the election." The war's objectives did not change. The calendar did.

Trump promised $5,000 per adult if Republicans win midterms. He said the Iran war ends after the election. Houthis seized a Red Sea port near the Bab al-Mandab. Bond yields hit 2007 highs. IAEA reported Iran to the UN Security Council. Heart cells can regenerate. Thursday had range.

Economy

Oil just crossed $100 a barrel for the first time since 2022. The Iran war, Houthi attacks on Saudi oil facilities, and a trade war with Canada all arrived at the same pump price on the same Wednesday.

Oil crossed $100 a barrel for the first time since 2022. Welles Crowther, the Man in the Red Bandana who saved 18 lives in the South Tower, was awarded the Medal of Freedom. Canada, France, and the UK banned Israeli settlement trade. Ozempic cuts asthma attacks by 40%. Wednesday had range.

9/11

More people have now died from 9/11-related illness than died on the day itself. Three days before the 25th anniversary, NYC released 170,000 pages of records showing officials knew the air was toxic and said otherwise.

NYC released 9/11 records showing officials knew the air was toxic and said otherwise. More people have died from 9/11-related illness than died on the day itself. Canada imposed $20 billion in retaliatory tariffs. Republicans opened Trumpapalooza in Dallas. Tuesday had range.

Ukraine

Kushner and Witkoff met Putin in Moscow on Saturday. They flew to Kyiv and met Zelenskyy on Sunday. The first time US envoys have visited Ukraine's capital since the full-scale invasion began. No ceasefire was announced.

Kushner and Witkoff shuttled Moscow to Kyiv in the most significant Ukraine peace push in years. An Amazon cargo plane crashed at Miami killing five. Germany's AfD won 44% in Saxony-Anhalt. Hurricane Lowell threatens Hawaii. Gas hit $4.14. Monday opened the week.

Russia

Russia is now bombing Kyiv during the day. Residents who had gotten used to nightly strikes are now getting hit around the clock. The mayor is speaking about what the city feels like now.

Russia is bombing Kyiv around the clock now. Germany accused Russia of planting explosives at a NATO airport. NYC banned AI for 600,000 students. The WFP halved West Bank food assistance. An Israeli court charged 12 guards with beating a Palestinian prisoner to death. Wednesday had range.

Iran

US forces struck Iran on Larak Island in the Strait of Hormuz yesterday. Iran retaliated today by striking US military bases in Jordan and the UAE. The heads of the Army, Navy, and Air Force have told the defense secretary the war is unsustainable.

US and Iran exchanged military fire. The heads of the US Army, Navy, and Air Force told Hegseth the war is unsustainable. Trump struck a deal to control 65 billion barrels of Venezuelan oil. NASA's Roman Space Telescope fired its engines in space. Hurricane Karina is Category 4. Monday had range.

Economy

Warsh stepped to the podium at Jackson Hole this morning and said: "I stand here today committed to a discipline, not to a decision." The market wanted a decision. He gave them a philosophy.

Warsh gave markets a philosophy not a rate path. ICE flooded Springfield where Trump falsely claimed Haitians ate pets, detaining 40 including two pastors. Navy may name a carrier after Trump not Doris Miller. DOJ suggested demolishing the Kennedy Center.

Iran

Treasury Secretary Scott Bessent called it "economic D-Day." He said it is "the single greatest financial offensive ever marshaled against an adversary."

The US launched Operation Economic Outcast. Iran called foreign support for it an act of war. Canada retaliated with its own tariffs. A federal court struck down Trump's 75-nation visa ban. ICE detained a deployed sailor's father. TikTok settled $400M. Nvidia reports Wednesday.

Economy

Warsh's Jackson Hole speech is in nine days. The FOMC minutes released today show three officials wanted to raise rates at the last meeting. Also the US national debt just hit $40 trillion.

FOMC minutes show broad hawkish dissent. UAE suspended all Iran trade. Canada tariff paused. Meta child safety trial opens. ZZ Top drummer dies. Coffee drinkers have less fat.

Iran

A Russian oil tanker ran aground yesterday and is now fouling the beaches of Oman. Trump threatened to bomb Oman yesterday too. Today Iran said it is shifting to a fully offensive military posture.

A Russian tanker fouled Oman's beaches as Trump threatened to bomb Oman. Iran is now shifting to a fully offensive military posture. Florida votes today. Tupac murder trial opens 30 years later. Young adult unemployment at 2010 highs. 2D barcodes coming to grocery stores. Tuesday had range.

Surveillance

Operation Puppet Master and Operation Whipple Shield. The Trump administration ran two covert surveillance operations targeting left-wing groups in Minnesota.

Federal agents ran Operation Puppet Master and Whipple Shield in Minnesota, surveilling labor unions and climate groups never accused of crimes. Nolan Wells's phone was found with a friend. Harvard won the antisemitism case. Stairs cut cardiovascular death by 39%. Friday had range.

Military

Sailors on the USS Abraham Lincoln have been at sea for 260 consecutive days. At least 6 of them have tried to jump overboard.

Sailors tried to jump overboard after 260 days at sea. Mangione expected to plead guilty tomorrow. Kennedy Center renamed after Trump. CIA had low confidence in the catering truck threat. Ecuadorian fishermen attacked by English speaking men in US flag uniforms. Eight missing.

Economy

The US economy lost 23,000 jobs in July. Nobody expected that. Markets went up anyway.

The US lost 23,000 jobs and markets rose. Iran's Supreme Leader missing since February. Earth's core reversed direction. Meta ordered to pay $567M for harming kids. Average American pays $69/month for streaming. First mRNA flu vaccine approved. Friday closed the week.

Iran

Iran and Oman just agreed on coordinates for a Hormuz shipping corridor. Ships would pass through Iranian waters. That is not a reopening. It is a toll booth.

Iran-Oman Hormuz deal runs through Iranian waters. Prescription THC eliminates PTSD nightmares and VA physicians can't prescribe it. Ancient sediments rewrote the Atlantic current. Zac Brown gave 37,000 fans a free cruise. El Niño threatens 50M. CIA Cuba task force. Jobs tomorrow.

Japan

Japan's earthquake hit a semiconductor corridor. The Rushdie attacker was convicted on federal terrorism charges. The EU launched seven AI gigafactories.

Japan's earthquake disrupted TSMC, Sony, and Renesas. The Rushdie attacker was convicted on terrorism charges tied to Iran. xAI sued Minnesota. Employers cut Ozempic benefits. GDP slowed and the Fed held. The AG nomination stalled. Apple and Amazon report tonight.