Hegseth declines to say how many more months he expects Iran war to continue - NYT
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US to Withdraw USS Gerald R. Ford from Middle East, reducing carrier presence
The US will send the USS Gerald R. Ford home after a record deployment of about 10 months, easing strain on roughly 4,500 sailors but reducing military firepower in the Middle East as tensions with Iran persist. The carrier, one of three in the region alongside the USS Abraham Lincoln and USS George H.W. Bush, is expected to return to Virginia around mid-May for repairs after extended operations and mechanical issues.
The US will send the USS Gerald R. Ford home after a record deployment of about 10 months, easing strain on roughly 4,500 sailors but reducing military firepower in the Middle East as tensions with Iran persist. The carrier, one of three in the region alongside the USS Abraham Lincoln and USS George H.W. Bush, is expected to return to Virginia around mid-May for repairs after extended operations and mechanical issues.
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Bull Case
Today is FOMC day. 2:00 PM ET Rate decision 2:30 PM ET Powell speaks This will probably be Powell's last presser
Trump would gain Fed board Majority if Powell leaves Powell is currently the only governor appointed by presidents of both parties, having been named by Barack Obama, elevated by Trump, and reappointed by Joe Biden. Trump also appointed current governors Michelle Bowman and Christopher Waller, and is set to fill another seat with Kevin Warsh.
Bull Case
FOMC statement: The implications of Middle East developments for the US economy are uncertain.
Trump: It's a good time to lower rates.
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Bull Case
Trump would gain Fed board Majority if Powell leaves Powell is currently the only governor appointed by presidents of both parties, having been named by Barack Obama, elevated by Trump, and reappointed by Joe Biden. Trump also appointed current governors Michelle…
Fed's Powell: I will leave when I think it's appropriate to do so
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Bull Case
Fed's Powell: I will leave when I think it's appropriate to do so
Powell to remain Fed Governor after Chair term ends, backs Warsh transition.
Fed Chair Jerome Powell said he will continue serving as a governor after his chair term ends May 15, with his board seat running through 2028. He indicated he would keep a low profile, noting there is only one chair and that Kevin Warsh will assume the role upon confirmation. Powell said a Justice Department decision to drop a probe into Fed renovation costs cleared the way for Warsh's confirmation. Powell added, "My concern is legal attacks on the Fed, which threaten our ability to conduct monetary policy without considering political factors."
Fed Chair Jerome Powell said he will continue serving as a governor after his chair term ends May 15, with his board seat running through 2028. He indicated he would keep a low profile, noting there is only one chair and that Kevin Warsh will assume the role upon confirmation. Powell said a Justice Department decision to drop a probe into Fed renovation costs cleared the way for Warsh's confirmation. Powell added, "My concern is legal attacks on the Fed, which threaten our ability to conduct monetary policy without considering political factors."
Bull Case
FOMC statement: The implications of Middle East developments for the US economy are uncertain.
Powell: prospects of core inflation rise are real; policy in a good place to wait and see
Bull Case
Powell: prospects of core inflation rise are real; policy in a good place to wait and see
Powell: no one calling for a hike now
Meta launches stablecoin payments for content creators via Stripe, using USDCfrom Circle on the Solana and Polygon - The Information
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Bull Case
Bessent: we're sprinting for the finish line with Iran
Bessent: the UAE and several others have requested swap lines
Bull Case
Powell to remain Fed Governor after Chair term ends, backs Warsh transition. Fed Chair Jerome Powell said he will continue serving as a governor after his chair term ends May 15, with his board seat running through 2028. He indicated he would keep a low profile…
Bessent: it would be highly unusual for Powell to stay on the Fed board
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Bull Case
Bessent: it would be highly unusual for Powell to stay on the Fed board
Trump: Jerome 'Too late' Powell wants to stay at the Fed because he can't find a job anywhere else. Nobody wants him.
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The Trump administration is 'asking other countries to join a new international coalition' to help open the Strait of Hormuz - WSJ
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Bull Case
Taiwan's stock market cap soars to $4.14 trillion, officially surpassing the UK.
Taiwan 1Q GDP rises 13.69% y/y; est. +11.30%
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A SHIB whale who originally held 16.84% of SHIB's total supply has sold another 800 billion SHIB worth $4.9M today, according to lookonchain.
Bullish SHIB. Chart looks good.
Disclaimer: This channel is for informational and entertainment purposes only. Nothing posted here constitutes financial or investment advice. Always do your own research.
Bullish SHIB. Chart looks good.
Disclaimer: This channel is for informational and entertainment purposes only. Nothing posted here constitutes financial or investment advice. Always do your own research.
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US-Iran standoff shows no sign of easing with Trump saying the naval blockade is "choking" Iran's oil exports and working effectively. US military commanders are expected to brief Trump on new Iran strike options, including limited operations aimed at breaking the deadlock. Oil futures surged as much as 7.1% to above $110 a barrel before easing, driven by fears over the Strait of Hormuz and the fragile ceasefire since early April. Analysts said escalation within two weeks is increasingly likely. Iran has refused to reopen the strait while its economy shows mounting pressure and currency weakness.
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