Financial Markets Overview - The Dow is up 12% [1] - The S&P is up almost 14% [1] - NASDAQ is surging 18% [1] - The Bloomberg MAG Seven Index is up 19% [1] - Spot gold is up eight dollars the ounce, 3371% [1] - West Texas Intermediate crude is down 15% to 6629% [1] US Economic Policy & BLS - President Trump intends to announce a new Fed Governor and BLS Commissioner soon [1] - The President alleges the Bureau of Labor Statistics (BLS) data was rigged, but no evidence has been provided [1][2] - The former BLS chief is out, and the President will nominate a replacement [1] - Congress has been starving the statistical agencies of cash for years [2] - The response rate for the first May survey, which was revised downward significantly by the third one in July, was 42%, The final number was 89% response rate [2] Federal Reserve Board - Adriana Googler's departure creates an opportunity to nominate a new Fed Governor [1] - Jay Powell could stay on as governor until 2028, even if his term as chair is over in 2026 [2] - The market would assume that whoever is chosen would be that [2] International Trade & Tariffs - President Trump said he would hike India's tariff rate for buying Russian oil [1] - India responded, saying the targeting of the country is unjustified and unreasonable and will take necessary measures to safeguard its interests [1] - The PURL is a financing mechanism worth about 500 million euros, 570 $8 million [10] US-NATO-Ukraine - The U S would be providing more weaponry to Ukraine, but that distribution would be handled by NATO, and that NATO countries would pay for it [8] - The announcement of 570 $8 million worth of American weapons, munitions going to the Netherlands and then provided to the Ukraine is a big step forward [11]

Robert Frank has the details on this. So, dish, Robert, what is it. >> Well, Becky, it's the Swiss watch industry.They were in a panic over the weekend. That's because the US is by far their largest market in the world, totaling over $5 billion in sales last year. A 39% tariff that would be scheduled to take effect Thursday.That would virtually shut down sales. An analyst at Vontovo saying, quote, "It would be devastating for numerous brands in Switzerland." Now those brands are more dependent than ever on ...

Trump Will Raise India’s Tariff Rate ‘Substantially’ Over Russian Oil Purchases—Here’s Why India Might Not Budgehttps://t.co/h0HcsKZ4De https://t.co/0ZgejRC7uo ...

Trump Will Raise India’s Tariff Rate ‘Substantially’ Over Russian Oil Purchases—Here’s Why India Might Not Budge https://t.co/F6bZP3wLH6 https://t.co/F6bZP3wLH6 ...

ETF Market Trends & Flows - ETF investors bought the dip, with IVV seeing inflows of $6 billion, VOO remaining a top choice, and VTI and Q's experiencing U S equity buying [2] - July saw $100 billion into ETFs, indicating a strong dip-buying trend similar to past instances where buying the dip proved successful [4] - Active ETFs are gaining traction, accounting for about 40% of total flows, with the U S active ETF market on pace to exceed $300 million, surpassing last year's record [9][10] - Derivative income remains the biggest category within the active ETF space, indicating investors' desire for downside protection and cash flow [14] - JP Morgan has taken in four times more than any other active fund shop in the past year [20] Ether ETF Surge - Ether ETFs experienced a turning point in July, with inflows of $4 billion, driven by momentum and institutional interest [26][27] - Ether is seen as more than just digital gold, offering income generation through staking, attracting treasury companies [30] - Ether ETF is potentially the fastest ETF ever to hit $10 billion [31] Humanoid Robotics ETF Analysis - Humanoid robotics ETFs aim to capture the trend of humanoid robots filling labor gaps in manufacturing and other sectors [34][39] - Tesla (11%) and NVIDIA (9%) constitute a significant portion (20%) of the HUMAN ETF, raising questions about thematic purity and potential overlap with existing holdings [35] - Morgan Stanley forecasts the humanoid robot market could be a multi-trillion dollar market by 2050 [47]

President Donald Trump said he would be “substantially raising” the tariff on Indian exports to the US over New Delhi’s purchases of Russian oil https://t.co/fQLREklyA5 ...

JUST IN: 🇺🇸🇮🇳 President Trump says he "will be substantially raising the tariff paid by India to the USA." ...

Trade Policy & Negotiation - Trade deals, including those already reached, might be subject to ongoing negotiation, potentially using tariffs as leverage in future discussions, particularly concerning big tech and digital taxes between the US and Europe [1] - The business community is assessing the permanence and flexibility of current tariff rates [2] - While most tariffs are expected to remain, the President is open to deals beneficial to the American people [2] Economic Impact & Outlook - Deals have been finalized with countries representing approximately half of the world's GDP, with further deals anticipated for the remaining half [3] - The current trade strategy aims to open markets to American goods and generate revenue to reduce the deficit, potentially leading to tax refunds [3] - The period of tariff uncertainty is largely considered to be over [2]

Yeah, I would say it was a huge disappointment when we were hearing the conversation and the negotiation with Switzerland and the US. It seemed like they were in the right going in the right direction that Switzerland executive were expecting some good news to come out of the tariff and I think it really came in as a shock. Now the reality for the Swiss equity market is that a lot of negative news was already in the price and this is probably why the market reaction this morning is quite negative but not ov ...

My fellow Americans, this is Liberation Day. On April 2nd, which is now known as Liberation Day, President Donald Trump announced sweeping tariffs, the largest in modern US history. He called the new policy a declaration of economic independence.His administration insisted no company would be spared unless they start building their products in America. But in the months since that day, the reality is that many companies and entire sectors have been quietly exempted, often without explanation. The executive ...