Crazy video of 20 Tomahawks flying through the Iraqi Kurdish mountains near Sulaymaniyah (filmed by someone standing *above* them), seemingly fired from Navy vessels in the Mediterranean
I don’t think this will work.
The same company that bonded Trump out in his defamation trial has been tapped to help the government provide shipping insurance in the Straight of Hormuz war zone.
It's wild how you have to push an AI repeately to add numbers correctly and if you keep making it recalculate, it finally gets in the ballpark.
👍
*TRUMP ON REOPENING STRAIT OF HORMUZ: IT'S WORKING OUT VERY WELL
New: "Trump Eradicates Critical Oversight as he Fires More Inspectors General than All Other U.S. Presidents Combined"
Douglas S. Pasternak for @publiccitizen.bsky.social
Joe Brusuelas, RSM LP on strategic oil release: "When the total is considered in the context of global supply and demand, it still is a modest amount. Such a move will slow rather than stop rising oil prices and offer a temporary salve to the searing burn of rising gasoline prices."
Scoop: The Pentagon barred press photographers from briefings on the ongoing U.S.-Israeli military conflict with Iran after they published photos of Defense Secretary Pete Hegseth that his staff deemed "unflattering."
Plutocracy watch
NEW: Confidence in the Supreme Court has dropped to a new low, according to the latest NBC News polling.
Details:
www.nbcnews.com/politics/sup...
Morgan Stanley: "The distribution of monetary policy outcomes is asymmetric. The Fed is more likely to cut later, or to cut later and by more, rather than abandon its easing altogether...Our base case for two Fed rate cuts in 2026 (June and September) rests on" Fed looking thru oil shock.
Evercore ISI: "We continue to think in the base case in which the Iran conflict comes to a close within the next couple of weeks and oil gradually decays towards $70 at year end, the Fed will cut once tariff inflation starts to roll off and core inflation has decisively turned lower."
Oil chart
Trump’s Iran war sends oil on a wild ride. Via Reuters
Reuters: “The International Energy Agency said it had proposed releasing 400 million barrels per day from strategic oil reserves. It said 32 member countries had unanimously agreed to make emergency reserves available to the market.”
Echoes of how Iran played the hostage crisis.
A baffling interview. She directly misstates the Constitution more than once - suggesting a pre-high school civics grasp on the matters at hand - then shifts after being pressed into a more sophisticated defense of the president bypassing Congress.
Capital Economics: "If the current WTI price of about $85 is sustained for the rest of the month, then it’s likely that the all-items CPI inflation rate will jump by 0.5%-points this month to 2.9%."
Imagine your boss gives you shoes that don't fit and you choose to suck it up and wear them.
Pretty crazy how important the blockade of a trade route is right now
“In the 12 months through February, the so-called core CPI inflation increased 2.5% after rising by the same margin in January, also reflecting favorable base effects.” Via Reuters
Letter: 200+ Thomson Reuters staff ask the company not to renew its ICE contract when it expires in May; Thomson Reuters' Westlaw service is Minneapolis-based (Kashmir Hill/New York Times)
Main Link | Mediagazer Permalink
Martin Wolf tells central banks NOT to look thru oil/gas price spike "to ensure that inflation expectations do not get unanchored. Unfortunately, the price spike after Covid makes this more likely. Central banks must be prepared to act against second-round effects of big price rises."
A foreign hacker compromised files relating to the FBI’s investigation of the late sex offender Jeffrey Epstein during a break-in at the bureau’s New York office three years ago, according to a source familiar with the matter and recently published Justice Department documents reviewed by Reuters.
Not great!
I was in a 2 hour briefing today on the Iran War. All the briefings are closed, because Trump can't defend this war in public.
I obviously can't disclose classified info, but you deserve to know how incoherent and incomplete these war plans are.
1/ Here's what I can share:
Tried to write in cursive tonight and that skill is gone.
US lawmakers worry Trump may put 'boots on the ground' in Iran reut.rs/3P1ACw2
The White House’s Financial Disclosures for Top Officials Are Incomplete www.notus.org/trump-white-...
