The US president said he was nominating the 'Highly Respected Economist' EJ Antoni from the right wing Heritage Foundation to chair the agency
After firing the former commissioner for a gloomy jobs report he claimed was 'rigged' https://on.ft.com/3UkAOWG Source: FT
Apollo's Sløk says the U.S. remains the most dynamic economy in the world — and he uses one simple chart to make his point: the number of new business applications.
Source: Apollo, HolgerZ
Watch out US CPI electricity today
Recent BBG article cites the recent 2x increase in electricity vs. broader inflation. Source: Bloomberg
U.S. Treasury volatility falls to its lowest level since January 2022
No Fear left in the market! Source: Barchart
Some very important charts...
Goldman Sachs find that US import prices on tariffed goods have declined somewhat, suggesting that foreign exporters have absorbed some tariff costs by lowering their export prices to the US, unlike during the 2018-2019 trade war. Source: Goldman Sachs thru Mike Zaccardi, CFA, CMT, MBA
U.S. Corporate Margins are making all-time highs while Europe's are flat
The end of American Exceptionalism??? Source: Barchart, Blackrock
India has overtaken China as the top smartphone supplier to the US, shipping 44% in the second quarter of 2025 - up from 13% a year earlier.
Geopolitical tensions and uncertainty of Trump's tariffs pushed giants like Apple and Samsung to shift production. Source: @timesofindia
Donald Trump has nominated Stephen Miran to fill a soon-to-be vacant seat on the Federal Reserve’s board of governors.
Miran, chair of the White House’s Council of Economic Advisers, will take the seat vacated by Adriana Kugler, who is leaving the central bank on Friday, months before her term was set to end in January. The president said in a Truth Social post on Thursday that Miran would serve through to the end of January as the administration continues its search for a “permanent replacement” to fill the seat. The seat would give Miran a vote on the rate-setting Federal Open Market Committee, where he is seen as likely to support Trump’s calls for aggressive interest rate cuts. It is expected that Trump will eventually use the seat to nominate a replacement for Jay Powell, whose term as Fed chair ends in May 2026, but who could serve as a governor until the end of January 2028. Miran will need to be confirmed by the Senate for the role. The Senate approved his appointment to the CEA by 53 votes to 46. The hashtag#Fed declined to comment. Source: FT
