Newmork

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@WhaleScan so we need to fly 100 aircraft each time to escort ships. that's good how?

SAUDI ARABIA SAW THIS SHIT COMING 45 YEARS AGO. The US Navy just ran the same play. In 1984, the USS Stark got hit in the Persian Gulf and nearly sank. In 1988, the USS Samuel B. Roberts hit an Iranian mine and almost went down. The US spent 40 years studying exactly how Iran fights in the Strait — small boats, missiles, drone swarms, saturation attacks designed to overwhelm a single ship. So when the USS Truxtun and USS Mason crossed Hormuz yesterday under a "sustained barrage" of Iranian small boats, missiles, and drones — They weren't improvising. They had AH-64 Apaches overhead. F-16 fighters on station. Over 100 aircraft total. CENTCOM destroyed 6-7 Iranian boats before they got close. Zero US vessels struck. Both destroyers crossed. Two commercial ships crossed with them. Iran has been running the same attack playbook since 1987. The US spent 40 years building the answer to it. Yesterday, they ran the drill for real. Bookmark this. Come back when the next transit happens. Most people won't see this. RT to change that. 🔥

@iamgabesanchez @spencerpratt No idea who you are...but wow are you a retarded piece of shit..

.@spencerpratt's mayoral run is a blatant grift. He's weaponizing the wildfires for sympathy while chasing taxpayer-funded perks, including the mayor's mansion. When questions surfaced about his eligibility after moving to his parents' Santa Barbara County home, he took out an SBA loan, bought an Airstream trailer, and had it craned onto his burned Pacific Palisades lot just to manufacture LA residency for his campaign. Why should anyone trust him to manage a city when he couldn't manage his own checkbook? He and Heidi torched $10 million on her failed music career, $4,000 bottles of wine, and a million-dollar crystal collection before nearly declaring bankruptcy. Now he wants access to City Hall and all the perks that come with it?

@CalMatters What would qualify him then in your mind? I guess you only like candidates that have experience wasting billions of dollars and making the city look like shit?

Opinion | Call me old fashioned, but I’m of the belief that being a villain on a reality TV show and having your house burn down are qualifications that fall somewhere short of what it takes to be mayor of Los Angeles. cal.news/4t4GLG8 📝 Jim Newton 📸 Genaro Molina

@sparkle6193920 yeah..tons of downward manipulation going on here during the most violent rally in decades...

Everyone is a panican about $nvda This is manipulation imo. It’s going to $220 either pre or post earnings. Insane otm 🐂 flow Just my 2 cents 💎💎💎 $spx $qqq $spy

@dlacalle_IA How is this post still up hours later?

The UAE has more than 4 million barrels per day of spare capacity. Unconstrained by OPEC quotas, it can offset all of Iran's production in a few months and all Iranian exports (1,3 mbpd before the war) in a matter of weeks. via Bloomberg

@GovTimWalz Who on your moronic team thought this tweet was a good idea? 12/10 pathetic.

Today’s raids by state and federal law enforcement happened because our state agencies caught irregular behavior and reported it. That’s how the system is supposed to work, and our agencies will keep at it as long as there are fraudsters around to put behind bars.

If you commit fraud in Minnesota you’re going to get caught — and that’s exactly what we saw today. We catch criminals when state and federal agencies share information. Joint investigations work, and securing justice depends on it.

@SecScottBessent this crap makes you look so weak..maybe stop?

Doing business with sanctioned Iranian airlines risks exposure to U.S. sanctions. Foreign governments should take all actions necessary to ensure that companies in their jurisdictions do not provide services to those aircraft, including the provision of jet fuel, catering, landing fees or maintenance. Under Economic Fury, the @USTreasury will impose maximum pressure on Iran and will not hesitate to act against any third parties that facilitate or conduct business with Iranian entities. wsj.com/livecoverage/i…

hhhmm...yet basically they pay a massive percent of all the tax..how retarded are you people that you listen when your Dem representatives tell you rich people don't pay taxes - where is all the money coming from then? The guy working at McDonald's? "Nobody worth $100mm pays taxes" is the dumbest statement on many levels...

Absolutely nobody with a wealth of $100 million pays taxes and that throws your entire argument into the shitter. High net worth individuals live by borrowing against assets and paying back debt so not profits are ever realized. Your understanding of wealth and taxes needs work.

This is one of the dumbest tax proposals in California's history, and the math is so bad it embarrasses the people who wrote it. Start with the headline. SEIU promises $100B in revenue. California spends $161B a year on Medi-Cal alone. The entire windfall, if collected at face value, funds 7 months of one program. Then it's gone forever, and the structural deficit they claim to fix returns the day the check clears. Now the math gets uglier. The Hoover Institution estimates the permanent income tax loss from departing residents makes the net fiscal impact NEGATIVE by $25 billion. Read that twice. California sets fire to political capital, court costs, and capital flight to NET LOSE $25B. They're proposing to torch recurring revenue to fund 7 months of a program they've already underfunded for a decade. The exodus already happened. $700B in net worth wired out of California before January 1, 2026. Larry Page, Sergey Brin, Travis Kalanick gone. The remaining 208 billionaires aren't tech founders sitting on liquid stock. They're real estate, agriculture, entertainment, the people whose wealth is physically bolted to California. Mobile capital fled. Trapped capital pays. Read what San José mayor Matt Mahan, a Democrat running for governor, said about this on KQED: "It will lead to middle-class people having to pay higher taxes in the long run." A Democratic gubernatorial candidate openly admitting the wealth tax is a regressive transfer to the middle class. That's the part proponents won't put on the signs. The legal exposure is worse. The proposal taxes wealth held as of January 1, 2026, retroactively, after voter approval in November 2026. Retroactive wealth taxation has never survived constitutional challenge in any US state. Washington's capital gains tax survived only because the state Supreme Court reclassified it as an excise tax. The poison-pill measure on the same November ballot bans retroactive taxation by constitutional amendment, funded by $80M from people who can afford the lawyers. Every wealthy democracy that tried this killed it. France's wealth tax drove out an estimated 42,000 millionaires and €100B in capital before they repealed it in 2017. Italy, Sweden, Germany, Denmark, Austria, Finland, Iceland all tried wealth taxes. All repealed. California is about to vote on the experiment every comparable economy already ran and lost. The signatures are real. The math is fake. The capital is already gone.

@ThinkFinance999 why would you not believe!! (eyeroll)

It looks like a pure lie, of course, but they (Trump) still felt the need to publish.

Where is our regular "strait problem solved" piece of news?

@MelMattison1 @TradingThomas3 "Duke MBA" least shocking credential ever

Welcome to the world of idiots. Those who think like @TradingThomas3. Like all the other doomers out there, they will continue to tell you that markets are on the verge on collapse as they continue to make new highs. WTI is trading at like $40 or $50/brl in inflation-adjusted terms compared with a decade ago. Why would this collapse the world economy, and in particular US stocks? Moreover, all this BS about 20% of world supply being cut off is total crap. It's closer to 3-4%. How do I get there: -20 mil out of 100 mil barrels comes out of Strait of Hormoz -Given various other pipelines, etc, 10 mil of that 20 mil has been rerouted -That leaves a 10 mil shortfall, but wait: Demand has fallen by 3% since the war; now we're down to a 7 mil brl deficit -US production has ramped, however. As has Russian and Venezeulian. Thus, given current dynamic, we are only at about a 3 mil/brl/day shortfall that is being absorbed by stockpiles. Hence: stock markets around the world at new highs. Not a mystery you fools.

@robdubparker wtf are you even talking about?

@lakshgandikota @chamath good luck...you'll get a CA IOU due 2094

@chamath What about losses in the subsequent years?

As you go to work today and settle into the week, please study the form below. You will soon need to fill this out EVERY year and tell the government what you own and then allow them to tell you how much its worth. That is the framework that is enabled by the Trojan Horse "Billionaire Tax" that is trying to get passed. Give them credit: they cleverly use Billionaires as the hook, but build in the language and the framework that will allow the Legislature to simply extend the tax to everyone and make it yearly. And this is where the form below comes in... In this case, ask yourself, will it be you or the Billionaires that will be able to fill this out properly and avoid penalties. As much as Billionaires can be pushed to do more for society, we all know that they have the infrastructure to manage these kinds of disclosures...middle class Californians do not and they will be the ones that get penalized in the end.

@geibuu @GeneralChaos42 @chamath you're pointing out the language that destroys your own point. what's wrong with you?

@GeneralChaos42 @chamath Nope you're wrong

@DonMiami3 the number of people on this thread that think "corporations" will go in and buy up 100's of $3mm-$4mm homes to hold and rent is just wild. Corporations aren't really into the negative -5% cap rate thing....

Who is going to buy all of these?

@adamtaggart show me units and it's a much different story

@adamtaggart yeah, except it doesn't back out everything going up huge due to transport costs and inputs

Consumer spending continues to remain resilient despite fears of the Iran war oil shock slamming into the bottom leg of the K-shaped economy Total March retail sales: +1.7%MoM And in case you think that's driven by higher gas prices Core (ex-energy) March retail sales: +0.7%MoM These numbers solidly beat expectations I agree there are still very valid macro concerns out there. But this robust spending -- plus the additional recent data provided below -- paint a picture of economic resilience. As I said in my recent Market Recap with @LanceRoberts, when it comes to the US economy (but *not* necessarily the financial markets), it's not that I'm becoming fully bullish...but it's that I'm having more & more trouble finding reasons to be bearish I know this may fly in the face of some people's strongly-held concerns. But my job is to follow the data, and the data is decidedly not warning of slowdown (yet, at least) All this of course is subject to change. If the data starts changing in a different direction, I will be covering that here as it happens.

@zerohedge Why do you keep getting suckered into posting this garbage. Axios is 0-for-forever

And the ramp begins *IRAN OFFERS US NEW PROPOSAL TO REOPEN STRAIT OF HORMUZ: AXIOS *TRUMP SET TO HOLD SITUATION ROOM MEETING ON IRAN ON MON.: AXIOS

@axios you sit on a crappy sofa of lies.

Iran offers U.S. deal to reopen strait but postpone nuclear talks trib.al/rc1dzdT

@pmarca Well, if this is true then AI is a total bubble, because the capex being thrown at it will never see a return if we aren't actually replacing jobs. Save me the "productivity gains"...good luck monetizing those to such an extent that all this capital commitment was worth it...

The smart people are saying!

@quantian1 You don't because neither can sell here..

Fun hypothetical. You are the head of the MS block trade desk. It’s two days ago and CAR is at 800 and one of the two 40% holders calls you and wants to sell 10% of the company in a single block. Where do you price them?