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Degens Deteriorating
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More Americans, 104.3M, are outside the labor force than during the COVID-19 peak.

They are neither employed nor looking for work.

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During a phone call with Trump this week, Russian President Vladimir Putin proposed moving Iran’s enriched uranium to Russia as part of a deal to end the war.

Trump rejected the proposal.

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The Pentagon is deploying 5,000 Marines and sailors to the Middle East.

The USS Tripoli amphibious assault ship is being transferred to the region as the US military moves to assert control over the Strait of Hormuz.

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BREAKING: A record 104.3 million Americans are now "outside" of the labor force.

These are individuals who are neither employed nor actively looking for work, including retirees, students, stay-at-home parents, and discouraged workers.

This exceeds the 2020 pandemic peak by 600,000 when nearly the entire economy was shut down.

Since the 2008 Financial Crisis, the number of people not in the labor force has surged +25.7 million and +35.1 million since 2000.

As a % of the labor force, this metric stands at 61.2%, the highest level since the 1970s, excluding the pandemic.

All while the US population stands at a record 342.5 million, up +61.4 million since January 2000.

Cracks in the labor market are spreading.

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JUST IN - New York City Mayor Zohran Mamdani unveiled a new Mayor’s Office of LGBTQIA+ Affairs on Friday, headed by the first transgender person to lead a city agency

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NEW - NYC Mayor Zohran Mamdani unveils brand-new Mayor’s Office of LGBTQIA+ Affairs, appointing the first transgender to lead a city agency

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NEW: Iran is considering allowing a limited number of oil tankers through the Strait of Hormuz only if cargo is traded in Chinese yuan

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US farms are disappearing at an alarming rate:

The number of US farms fell -15,000 YoY in 2025, to 1.87 million, the lowest since the 1850s.

This marks the 3rd annual decline and the 6th over the last 7 years.

Over this period, the number of farms has dropped -158,200, or -8%.

At the same time, total farmland has fallen -24.9 million acres, to 874 million, the lowest since the 1910s.

Meanwhile, farm bankruptcy filings surged +36% YoY, to 293 in the first 9 months of 2025.

US farms are in a long-term decline.

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Mom of teen who baked to death in Walmart oven describes sick scene: 'I opened the door and she was there'

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Extreme Mamdani estate tax proposal goes right after New York's middle class families

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A man holding the Spanish flag at a rally in Barcelona was surrounded and called a fascist. Imagine being that offended by your own country’s flag

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WATCH: Iran’s Islamic Revolutionary Guard Corps (IRGC) shows its drone inventory in a massive tunnel

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Senior Houthi official Mohammed al-Bukhaiti says the group has decided to stand militarily with Iran and will announce β€œHour Zero” (start of action) at the appropriate time

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Today's deregulatory news is pretty big.

The White House is taking aim at the housing shortage by deregulating housing construction

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DEVELOPING: This young man has been going viral for his beauty supply review

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Media is too big
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BREAKING: Parents are demanding TikTok bring new censorship after creators started finding ways to post adult content. This female was able to upload this video of her bouncing on d**do on a public live that allows kids to join. In the other video is yet another live with different creators who were touching theirselves

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What just happened to Iran's Kharg Island?

Trump just said the US has carried out the "most powerful bombing raids in Middle East history" on Kharg island.

This is a MAJOR escalation for oil markets. Here's why:

Kharg Island has been described as the "crown jewel" of Iran's oil industry. It is a vital, tiny island in the northern Persian Gulf that manages ~90% of Iran's crude oil exports.

Kharg Island alone handles ~2% of global oil supply.

In the lead up to the war, Iran was exporting as much as 3 MILLION barrels of oil per day from Kharg Island. Trump said that the US military has "chosen NOT to wipe out the Oil Infrastructure on the Island" for now.

However, Trump also said he will reconsider this decision should Iran "do anything to interfere with the free and safe passage of Ships through the Strait of Hormuz," which Iran is clearly doing right now.

In other words, Trump appears to be paving the path for the destruction of oil infrastructure on one of the world's most crucial oil ports and islands.

It's no coincidence this came just 2 hours after markets closed for the weekend.

Buckle up for a busy weekend ahead.

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