Heads Up

Stock futures opened sharply lower. Dow futures shed about 0.8%, S&P 500 futures dropped 0.9%, and Nasdaq 100 futures fell 1%. Earnings weakness added pressure, but Trump’s tariff shock dominated headlines. “The average tariff rate roughly on reciprocal is going from about 2.5% to 15%,” said Vasu Menon, managing director at OCBC. https://www.reuters.com/business/view-investors-react-trumps-new-reciprocal-tariffs-announcement-2025-08-01/ President Trump’s …

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Scott Bessent warned that China could face 100% tariffs if it continues buying Russian oil, citing a pending bill that allows secondary duties up to 500%. https://kyivindependent.com/china-should-expect-100-tariffs-for-buying-russian-oil/ “The Chinese take their sovereignty very seriously. We don’t want to impede on their sovereignty, so they’d like to pay a 100% tariff,” Bessent said. https://www.reuters.com/business/energy/bessent-warns-china-russian-oil-purchases-that-could-bring-100-tariffs-2025-07-29/ Trump already …

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U.S. firms are carrying most of the tariff cost for now, holding prices steady and shrinking margins. “American businesses have been absorbing Trump’s tariffs so far, but eventually the burden will be shifted on to American consumers” — Fed Chair Powell It looks like Trump made a mistake https://t.co/P25q5bjEba — sandile swana (@sandileswana) July 31, …

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Student loan interest resumes today for nearly 8 million borrowers enrolled in Biden’s SAVE plan. The temporary 0% interest waiver expired August 1, after being quietly applied last year following legal scrutiny of the plan’s funding structure. Borrowers will now see interest pile on top of balances again. According to the Education Department, “Borrowers should …

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Trump changed tariff rules just before the deadline. He slapped 40% duties on all transshipped goods. If a country is not on the latest list, its goods will get an extra 10% tax. The new rates start for goods entering the US at 12:01 a.m. Eastern Daylight Time, seven days after the order, with some …

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Newly declassified memos reveal Hillary Clinton personally approved the disinformation strategy linking Donald Trump to Russia, despite internal warnings that the FBI had no “conclusive or irrefutable evidence” tying Moscow to the DNC email breach. “President Trump wants to see justice served,” said Karoline Leavitt, his press secretary, in a televised response to the findings. …

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Trump pulled back from his threat to slap new tariffs on Mexican imports just hours before the August 1 deadline. “We had a very productive conversation. No need for penalties at this time,” he said from Bedminster, offering no details on what changed. https://www.mediaite.com/politics/trump/taco-trump-announces-hes-backing-off-august-1-tariff-deadline-with-mexico/ https://archive.is/5y0Jp The move came after several GOP senators privately warned that …

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Construction of a new White House State Ballroom was announced today. The 90,000-square-foot venue will cost $200 million and seat 650 guests. It replaces the East Wing, which only fits 200. Press Secretary Karoline Leavitt said, “The White House Ballroom will be substantially separated from the main building … but at the same time its …

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Inflation rose in June to 2.6 percent annually, higher than economists expected. The Federal Reserve’s preferred gauge, the personal consumption expenditures (PCE) price index, showed prices increasing as tariffs on imported goods pushed costs up. Vanguard analysts said, “Core goods … should reflect substantial growth due to tariffs, especially on sensitive categories like household furnishings …

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Pelosi lost it when the insider trading question landed. “Why do you have to read that?!” Her voice sharp, abrupt. “That’s not what I agreed to come to talk about.” https://www.foxnews.com/media/nancy-pelosi-shuts-down-question-insider-trading-accusations-live-event Watch Pelosi SQUIRM when asked about potential insider trading investigation: “Why do you have to read that?! That's not what I agreed to come …

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A new Fox News poll reveals 62% of Americans disapprove of Trump’s handling of inflation. Only 32% say they approve. The data marks a sharp shift from earlier optimism about economic management during his administration. The survey highlights growing public frustration as prices rise nationwide. BREAKING: In a Fox News poll, 62% of Americans DISAPPROVE …

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An F-35 stealth fighter crashed near Lemoore Naval Air Station in Fresno County, California on July 30, 2025. The pilot ejected safely and was transported to a local hospital for evaluation. Cal Fire and Fresno County Sheriff’s Office responded immediately to control the scene. Federal investigators from the Navy and Marine Corps are leading the …

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Trump announced a 25% tariff on Indian goods that takes effect August 1. He also attached an additional import penalty tied to India’s purchase of Russian oil and defense equipment. The move arrives as months of trade talks failed to yield an agreement. India sent $87 billion in goods to the U.S. last year and faces the …

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The declassified Durham annex confirms what many suspected and most institutions ignored. In 2016, U.S. intelligence picked up evidence that the Clinton campaign may have pushed a fake Trump-Russia narrative for political gain. The Obama-era FBI ignored the red flags. Then they greenlit the Steele Dossier, paid for by Clinton’s team, and used it to …

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Hepatitis C often shows no signs until serious damage is done. It can be treated, so testing is key to help you help reduce your risk. #WorldHepatitisDay #HepC🔗 https://t.co/mqokQBm3RX pic.twitter.com/ahoVG5kEv3 — UK Health Security Agency (@UKHSA) July 28, 2025 Brits at elevated risk of hepatitis C have been urged by UKHSA to get tested even …

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On July 30 2025 the Trump administration held a White House event called “Make Health Tech Great Again” to unveil what is being billed as a digital health ecosystem. Over 60 organizations including Google, Amazon, Apple, Cleveland Clinic, UnitedHealth Group, Oracle and Anthropic signed on to voluntary data‑sharing and interoperability frameworks managed through CMS. The initiative promotes …

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The Department of Homeland Security and ICE announced a new recruitment campaign backed by the One Big Beautiful Bill. The campaign theme is “Defend the Homeland.” ICE is offering a $50,000 signing bonus, student loan repayment or forgiveness, 25 % law enforcement availability pay for Special Agents, administratively uncontrollable overtime for Deportation Officers, and enhanced retirement …

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Bank of America just dropped a massive warning that U.S. growth stocks hover in a bubble bigger than the dot‑com crash. A recent note shows about 37 % of the S&P 500 is tied up in ten firms alone, near the highest level ever recorded and edging into record territory. The average P/E for those top names clocks …

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The government says housing migrants in hotels is temporary. But people working their asses off live hand to mouth while thousands get rooms with fresh sheets and free meals. Trump said, “They’re putting people in luxury hotels and other people that are working their a—- off are living from hand to mouth.” https://www.foxnews.com/politics/trump-rips-luxury-hotels-migrants-american-citizens-living-hand-mouth He added, …

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Housing is more broken than most admit. Cutting rates won’t fix it. Prices remain too high and wages too low to afford a home. Inventory shortages in key regions make matters worse. First-time buyers are pushing 40 years old on average. That shows how the market locks out younger generations. Albert Edwards, known for predicting …

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The Fed’s choice to hold rates high is often misunderstood. It removes dollars from circulation, balancing the impact of tariffs and fewer global trades. Liquidity dries up, which means stocks lose their usual momentum. Investors turn to bonds instead, pushing yields lower without direct Fed intervention. “The Fed is cautious because inflation remains a threat …

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Meta and Microsoft just blew out earnings. But look past the headlines. Meta posted $47.5B in Q2 revenue, up 36%, and beat EPS by over $1.25. Microsoft hit $76.4B, up 18%, with a 24% profit beat. Cloud is booming. Azure grew 34%. AI is the story. But the bill is coming due. Microsoft spent $24.2B …

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The July Fed decision came with two dissents, the first time in over 30 years that happened under tightening conditions. One board member wanted a cut. Another wanted a pause. Powell stuck with holding rates steady, but the split wasn’t subtle. The official line is “data dependent.” Market reaction says something else. Fed futures now …

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