Almost as if they're the PR wing of the Cartels….
The Associated Press @AP
The UN human rights chief says US military strikes against vessels allegedly carrying illegal drugs from South America are “unacceptable” and must stop. The condemnation marks the first of its kind from a United Nations organization.
https://apnews.com/article/un-us-military-strikes-south-america-ed0ce092af5ad2c64b34ed51f8ab59cc
https://x.com/AP/status/1984196364570349709
The US' first "Wealth Tax" has passed out of the IL Legislature.
Illinois lawmakers pass transit bill, now heads to Pritzker
"The measure increases RTA’s existing sales tax by 25 cents, adds a 7 percent amusement tax on streaming services, adds a $5 surcharge on tickets for large concerts, expands speed cameras in the suburbs,and adds a billionaire tax – 4.95 percent collected on their unrealized investment gains."
https://wgntv.com/news/illinois/illinois-lawmakers-pass-transit-bill-now-heads-to-pritzker/
zerohedge @zerohedge
Top Overnight News
Trump Urges Republicans to End the Filibuster to Reopen Government. WSJ
Elon Musk’s SpaceX Set to Win $2 Billion Pentagon Satellite Deal. WSJ
Private Credit’s Rising Pile of ‘Bad PIK’ Points to Default Woes. BBG
A narrow Pacific waterway is at the heart of U.S. plans to choke China’s vast navy. RTRS
China’s factory activity slumped for the longest streak in more than nine years, prompting fresh calls for greater policy support even as the country reached a trade truce with the US. BBG
Trump's exit is Xi's cue to take centre stage at APEC. RTRS
More Home Purchases Are Falling Through in an Uncertain Economy. WSJ
King Charles strips brother Andrew of titles and his mansion. RTRS
The great AI buildout shows no sign of slowing. RTRS
Disney Channels Go Dark on YouTube TV. WSJ
Big Tech Is Spending More Than Ever on AI and It’s Still Not Enough. WSJ
China signals sharper pivot to consumption as imbalances worsen. RTRS
The Japanese government is monitoring the yen with a strong sense of urgency, Finance Minister Satsuki Katayama said, sending her first clear warning on currency movements since taking on her role. BBG
Inflation in Tokyo rose at a faster pace, supporting the case for the Bank of Japan to keep raising interest rates gradually and giving the yen a boost. BBG
Japan’s new Prime Minister Sanae Takaichi told China’s President Xi Jinping her concerns over his country’s rare earth export restrictions in their first formal meeting, as tensions spanning from trade to security continue to simmer between the two countries. BBG
US President Trump's administration fired Fannie Mae ethics officials, according to WSJ.
NVIDIA (NVDA) CEO Huang told reporters that he hopes to sell the Blackwell chip to China, but as it stands there are no plans to do so. Sales were not a topic of discussion during the meeting with China's Council for the Promotion of Trade. Co. has been growing quickly, but in the last six months this has accelerated "quite substantially".
https://x.com/zerohedge/status/1984237742050460007