Luke

🚨 THIS IS INSANE. Commerce Secretary Howard Lutnick's sons could be making 3 to 5x returns on every dollar they spent buying tariff refund rights. Cantor Fitzgerald, now run by Lutnick's sons Brandon and Kyle, was buying tariff refund claims from companies at 20 to 30 cents on the dollar. The firm told clients it had "capacity to trade up to several hundred million" in these claims. They confirmed at least one $10 million trade was already executed as of July 2025. They said they expected that number to "balloon in the coming weeks." That was 9 months ago. Today those claims are worth 100 cents on the dollar. The refund portal is live, $166 billion in refunds are being processed. If Cantor bought $100 million in refund rights at 25 cents on the dollar, they spent $25 million. They now collect $100 million from the government. That is a $75 million profit. A 300% return. If they scaled to "several hundred million" as they told clients they could, the profits run into the hundreds of millions. Howard Lutnick was the architect of the tariff policy. He pushed Trump to impose them. He fought against officials who wanted to limit them. Then he left Cantor Fitzgerald to his sons and transferred his equity into a trust benefiting them. Tax free under government ethics rules. He received $360 million from the buyout. His sons positioned the firm to profit from the exact policy their father built. Their father publicly championed tariffs he knew could be struck down while his sons were buying refund claims betting they would be.

Just had a long talk with a former IAF commander on why Iran is managing to shoot down these US planes. He told me that since the 12 day war Iran has rethought its entire system after seeing how easily it was bombed. The new system is far better and more resilient and Israeli pilots have noticed how difficult it is to operate there now: 1) Each of Iran's 31 zones now has the authority to operate independently if central command is cut off, allowing local commanders to launch missiles and engage aircraft without waiting for orders from Tehran. That was a major problem for them in the past. 2) Recognizing that fixed sites are easily destroyed, Iran moved many of its restored air defenses into missile cities, deeply buried underground tunnels and rugged coastal terrain that serve as cover for mobile launchers. These targets are now hardened. 3) Since traditional radar gives away a system's location, Iran has leaned into passive infrared (heat-seeking) sensors and new software algorithms that can track jets without emitting detectable signals. 4) Iran has increased reliance on mobile, medium-range surface-to-air SAM systems. Its mobility allows shoot-and-scoot tactics that make it difficult to target with pre-planned airstrikes. 5) Iran has moved away from Russian missiles to its own Bavar-373 which appears to be superior to the S-300 and possibly to the S-400 too. Recent upgrades include increased autonomy for launchers, allowing them to operate even if centralized command centers are destroyed. 6) They use new Majid system, which relies on passive infrared detection rather than radar. Because it doesn't emit radar signals, it is significantly harder for aircraft to detect before a missile is launched. 7) Most important, he confirmed to me that Iran is using HQ-9B, the best long-range surface-to-air missile China has to offer. It has both active radar homing and a passive infrared seeker. This makes it harder for aircraft to spoof the missile with standard electronic countermeasures and improves its ability to track stealth. It seems to be exceeding expectations. He told me, "the days when flying over Iran was a walk in the park are over." In sum, new tactics and a switch from Russian technology to Iranian and Chinese technology have turned Iranian airspace into a contested space. Air superiority there is gone. The IAF and USAF will have to adapt accordingly or lose more aircraft.

First Cybercab off the production line at Giga Texas

We have to stop this

Argentina rejects socialism while NYC embraces it. The world is upside down. Let’s stop it in NYC before it is too late.

BREAKING: President Trump says will take some tariff revenue and redistribute it to farmers.

Nature is finally healing 😌 ❤️‍🩹 $RKLB $ASTS

1. Earnings will kick off and I expect it will do better then expected for most companies actually. I'd start trimming positions so to keep a healthy cash position. 2. As SPY breaks above $630 and possibly as high as $640+ I'd take puts for Sept 26 $600 (as insurance). Those with a small account you can take as low as $580. 3. With my cash position I will add NVDA TSLA AAPL META IONQ HIMS PLTR when they are on sale with 1 year expiry.

Hmm