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The All-In Podcast
Miami Mayor's Three Step Formula that Made It the Happiest and Healthiest City in America
@FrancisSuarez explains:
" The formula for success is simple."
1) Keep taxes low
2) Keep people safe
3) Lean into innovation
"We were ranked the happiest city in America, the healthiest city in America."
"I lowered taxes to the lowest level in history, and we've seen 140% growth in nine years."
"So the economy is robust, we have the lowest unemployment in America, we have the highest median wage growth in America."
"Frankly, if you're happy, you're healthy and you're working, you're probably not homeless."
"And I took the city in 2009, as a councilman, out of bankruptcy."
"We decided not to raise taxes. We cut costs. We didn't let anyone go, but we had tiered salary cuts, pension reform, and we balanced our budget."
"And we had 10 years of prosperity. And that prosperity led to a tripling of the size of our government."
"So we went from a $500M government to a $1.5B government while lowering taxes."
"When you have a place where there's prosperity, and where people are investing, and where people are employed, there's not as many social problems. So they're not out there killing people."
"In the 1980s, we were one of the murder capitals of America, and we're now one of the safest big cities in America."
"This formula for success would seem simple."
"Other cities are getting it wrong. Completely backwards, right?"
"Their taxes are high, it's not safe, and they're rejecting innovation."
Thanks to our partners for making this happen:
@okx: https://t.co/FLQhEyDxlx
@circle: https://t.co/p9sT1mo502
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Miami Mayor's Three Step Formula that Made It the Happiest and Healthiest City in America
@FrancisSuarez explains:
" The formula for success is simple."
1) Keep taxes low
2) Keep people safe
3) Lean into innovation
"We were ranked the happiest city in America, the healthiest city in America."
"I lowered taxes to the lowest level in history, and we've seen 140% growth in nine years."
"So the economy is robust, we have the lowest unemployment in America, we have the highest median wage growth in America."
"Frankly, if you're happy, you're healthy and you're working, you're probably not homeless."
"And I took the city in 2009, as a councilman, out of bankruptcy."
"We decided not to raise taxes. We cut costs. We didn't let anyone go, but we had tiered salary cuts, pension reform, and we balanced our budget."
"And we had 10 years of prosperity. And that prosperity led to a tripling of the size of our government."
"So we went from a $500M government to a $1.5B government while lowering taxes."
"When you have a place where there's prosperity, and where people are investing, and where people are employed, there's not as many social problems. So they're not out there killing people."
"In the 1980s, we were one of the murder capitals of America, and we're now one of the safest big cities in America."
"This formula for success would seem simple."
"Other cities are getting it wrong. Completely backwards, right?"
"Their taxes are high, it's not safe, and they're rejecting innovation."
Thanks to our partners for making this happen:
@okx: https://t.co/FLQhEyDxlx
@circle: https://t.co/p9sT1mo502
tweet
Wall St Engine
Today's Key Events (All EST) — 06/04/2025
All day: Trump's Offer Request Deadline (Tentative)
07:00: US MBA Mortgage Applications
08:15: US ADP Employment
08:30: Fed's Bostic & Cook
09:45: US S&P Services PMI
10:00: US ISM Services PMI
14:00: Fed's Beige Book
Before Open 👇
06:30: Dollar Tree $DLTR
06:30: THOR Industries $THO
06:50: Genesco $GCO
07:00: REV Group $REVG
07:30: Sprinklr $CXM
07:30: Webster Financial $WBS
After Hours 👇
04:00: $FIVE Below
04:05: MongoDB $MDB
04:05: ChargePoint $CHPT
04:05: Verint Systems $VRNT
04:05: Planet Labs $PL
04:05: BARK $BARK
04:05: Greif $GEF
04:05: Tilly's $TLYS
04:15: $PVH
05:00: Descartes Systems Group $DSGX
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Today's Key Events (All EST) — 06/04/2025
All day: Trump's Offer Request Deadline (Tentative)
07:00: US MBA Mortgage Applications
08:15: US ADP Employment
08:30: Fed's Bostic & Cook
09:45: US S&P Services PMI
10:00: US ISM Services PMI
14:00: Fed's Beige Book
Before Open 👇
06:30: Dollar Tree $DLTR
06:30: THOR Industries $THO
06:50: Genesco $GCO
07:00: REV Group $REVG
07:30: Sprinklr $CXM
07:30: Webster Financial $WBS
After Hours 👇
04:00: $FIVE Below
04:05: MongoDB $MDB
04:05: ChargePoint $CHPT
04:05: Verint Systems $VRNT
04:05: Planet Labs $PL
04:05: BARK $BARK
04:05: Greif $GEF
04:05: Tilly's $TLYS
04:15: $PVH
05:00: Descartes Systems Group $DSGX
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Wall St Engine
WALMART $WMT is cutting some store jobs in Florida tied to migrant work authorization issues, following recent Supreme Court rulings. Workers at multiple locations were told they'd lose jobs without updated I-9 documents, per sources. No official comment yet from the company. https://t.co/S1ExxeLRAl
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WALMART $WMT is cutting some store jobs in Florida tied to migrant work authorization issues, following recent Supreme Court rulings. Workers at multiple locations were told they'd lose jobs without updated I-9 documents, per sources. No official comment yet from the company. https://t.co/S1ExxeLRAl
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TOYOTA INDUSTRIES STOCK DROPS 12% after Toyota Group’s $33B buyout plan. The deal includes a $26B tender offer at ¥16,300 per share—well below Tuesday’s ¥18,400 close. https://t.co/rokZebbvxg
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TOYOTA INDUSTRIES STOCK DROPS 12% after Toyota Group’s $33B buyout plan. The deal includes a $26B tender offer at ¥16,300 per share—well below Tuesday’s ¥18,400 close. https://t.co/rokZebbvxg
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GOLDMAN: FED LIFTING WELLS ASSET CAP COULD BOOST EPS 14–19%
With the key constraint gone, Goldman sees upside from deposit growth and cost cuts. ROTCE could climb to 16.5–17.3% in 2026. $WFC might also issue preferreds to unlock more return-accretive capacity. https://t.co/hIYRGPONpu
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GOLDMAN: FED LIFTING WELLS ASSET CAP COULD BOOST EPS 14–19%
With the key constraint gone, Goldman sees upside from deposit growth and cost cuts. ROTCE could climb to 16.5–17.3% in 2026. $WFC might also issue preferreds to unlock more return-accretive capacity. https://t.co/hIYRGPONpu
FEDERAL RESERVE LIFTS $WFC ASSET CAP RESTRICTION
The Fed just removed the asset growth restriction it placed on Wells Fargo back in 2018. After reviewing the bank’s governance and risk management improvements, plus third-party assessments, regulators say the conditions for lifting the cap have been met. Other parts of the 2018 enforcement order still remain. tweet
Wall St Engine
HSBC Upgrades $ERJ to Buy from Hold, Raises PT to $57 from $45
Analyst comments: "With an all-time high backlog of USD 26.4 billion at the end of Q1, Embraer offers strong revenue generation in the coming quarters, supported by accelerated efforts to remove output bottlenecks and spread production more evenly over quarters. We expect 2025 to be marked by strong deliveries of executive jets (+28% year-over-year in Q1 2025) and defense products (KC-390 and A-29 Super Tucanos). A solid delivery performance is likely for Q2 2025, as the company has 9 aircraft ready to sell (finished goods), equating to 20% of total Q2 2024 deliveries. The Paris Air Show in mid-June may bring fresh headlines in terms of new firm orders, and EVE is at a critical point with its first full-scale prototype flight test pending (scheduled for mid-2025), a potential positive catalyst if successful."
Analyst: Cenk Orcan
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HSBC Upgrades $ERJ to Buy from Hold, Raises PT to $57 from $45
Analyst comments: "With an all-time high backlog of USD 26.4 billion at the end of Q1, Embraer offers strong revenue generation in the coming quarters, supported by accelerated efforts to remove output bottlenecks and spread production more evenly over quarters. We expect 2025 to be marked by strong deliveries of executive jets (+28% year-over-year in Q1 2025) and defense products (KC-390 and A-29 Super Tucanos). A solid delivery performance is likely for Q2 2025, as the company has 9 aircraft ready to sell (finished goods), equating to 20% of total Q2 2024 deliveries. The Paris Air Show in mid-June may bring fresh headlines in terms of new firm orders, and EVE is at a critical point with its first full-scale prototype flight test pending (scheduled for mid-2025), a potential positive catalyst if successful."
Analyst: Cenk Orcan
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Trump: I like President XI of China, always have, and always will, but he is VERY TOUGH, AND EXTREMELY HARD TO MAKE A DEAL WITH!!! https://t.co/TXHkZ4lHRD
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Trump: I like President XI of China, always have, and always will, but he is VERY TOUGH, AND EXTREMELY HARD TO MAKE A DEAL WITH!!! https://t.co/TXHkZ4lHRD
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Elon Musk: Immense level of overspending will drive America into Debt Slavery https://t.co/pRhrRvHfYw
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Elon Musk: Immense level of overspending will drive America into Debt Slavery https://t.co/pRhrRvHfYw
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