😨 ELON FLOATS BLUEPRINT FOR A NEW "AMERICA PARTY” POWER PLAY
Forget the presidency - Elon’s idea? Flip just enough seats to become the kingmaker. He’s talking 2–3 Senate races, 8–10 House districts. That’s it. @elonmusk : "Given the razor-thin legislative margins, that would be enough to serve as the deciding vote on contentious laws, ensuring that they serve the true will of the people." ▶️ This can be seen as "Minority leverage". Not a party to win; a party to decide who does. All it "America party" ‼️ Source: @elonmusk thru Mario Nawfal on X
The sky is the limit... Hartnett BofA
Porky Big Beautiful Bill set to raise US debt ceiling $5tn to $41tn. Source: BofA thru Mike Zaccardi, CFA, CMT, MBA
ROBOTAXIS ARE ALREADY OUT THERE
You can literally order a car with no driver in Phoenix, Shanghai, or even Seoul. No driver, no small talk, just you, a robot, and your questionable playlist. This isn’t sci-fi. From Austin to Abu Dhabi, robotaxis are creeping onto real streets. Watch your Uber driver sweat. Source: Statista thru Mario Nawfal on X
U.S. Housing Market has reached its most unaffordable level in history 🚨🚨
Source: Barchart, re:venture
Tesla vs. BYD: Q2 2025 battery EV deliveries:
⬛️ Tesla: 384K (-14% Y/Y). $TSLA 🟥 BYD: 607K (+42% Y/Y). $BYDDF Not even close. Source: App Economy Insights @EconomyApp
Only 16% of respondents in a recent Deutsche Bank survey believe the Fed is completely independent, with 25% seeing political pressure leading to lower rates.
Source: DB thru Liz Abramowicz
Notable: Coming back to yesterday's US non farm payrolls
-> The 147,000 job gains in June were almost all (over 75%) in healthcare and government. Government: +73,000 Healthcare: +39,000 The government job gains looked like this: State gov't education +40,000 State gov't non-education +7,000 Local gov't education +23,000 Local gov't non education +10,000 Federal gov't -7,000 Source: Heather Long on X
It seems the world is becoming MORE comfortable with USA sovereign risk once again...
(below US CDS) Source: Bloomberg, www.zerohedge.com
