The US president will spend about an hour at the central bank, as he looks to pressure its chair Jay Powell to cut interest rates more aggressively.
Source: FT
Alphabet reported second-quarter results on Wednesday that beat on revenue and earnings.
The company increased its capital expenditures forecast for 2025 to $85 billion, up $10 billion from February, due to “strong and growing demand for our Cloud products and services.” The company’s overall revenue grew 14% year over year, higher than the 10.9% Wall Street expected. Here are the details ($GOOG Alphabet Q2 FY25): • Revenue +14% Y/Y to $96.B ($2.5B beat). • Operating margin 32% (flat Y/Y). • EPS $2.31 ($0.12 beat). ☁️ Google Cloud: • Revenue +32% Y/Y to $13.6B. • Operating margin 21% (+9pp Y/Y). ▶️ YouTube ads +13% to $9.8B. Source: CNBC, App Economy Insights
German benchmark index Dax jumps in AH trading after headlines the EU and the US are progressing toward an agreement that would set a 15% tariff for most products.
Member states could be ready to accept a 15% tariff and EU officials are pushing to have that cover sectors including cars. Steel and aluminium imports above a certain quota would face the 50% duty. Source: Bloomberg, HolgerZ
This is a GLOBAL DEBT CRISIS: Japan’s 40-year bond auction just saw its weakest demand since 2011.
The bid-to-cover ratio fell to 2.127. Yield surged to a record 3.375%. Cracks are forming in the world’s 3rd-largest bond market. Source: Bloomberg, Global Markets Investor
The SP500 is outperforming the world's biggest hedgefunds in 2025 YTD
Source: Brew Markets
Breaking news:
The lawsuit against right wing influencer Candace Owens is a rare case of a serving world leader personally suing an online influencer over their content. https://on.ft.com/4m2wk2C
US housing affordability has NEVER been worse:
House prices have outpaced median income growth over the last 40 years. Median house price is now 5.3 TIMES larger than the annual median US income. By comparison, in the 1980s, the difference was 3.6x. Source: Global Markets Investor, Statista
Anthony Pompliano:
"Technologists make prices go down, while the government makes prices go up".
