Ultimately the answer on this is automation. Uh also some reform within the current governing structure and then also when you think about there are 34 million ablebodied adults in our Medicaid program. There are plenty of workers in America.I really wanted to sort of get in front of people who are we talking about who's the secretary talking about 34 million able-bodied individuals. So let's break it down. According to um you know very reputable people who follow these things like the CA Kaiser Family Foun ...

Investment Rating - The report maintains a cautious stance on inflation forecasts while awaiting further policy actions [3][19]. Core Insights - The year-on-year Consumer Price Index (CPI) turned positive in June, marking a surprise after four consecutive negative readings, which may indicate potential reflation in China [3][4]. - The Producer Price Index (PPI) deflation deepened unexpectedly, highlighting a divergence in price trends among different sectors, particularly between auto and steel prices [4][19]. - The report emphasizes the importance of supply-side reforms (SSR2.0) and the role of demand in shaping inflation expectations [19]. Summary by Sections CPI Analysis - The CPI reading for June was +0.0% YoY, compared to a prior reading of -0.1% YoY, with a sequential change of -0.1% MoM [3][5]. - Significant price increases were noted in the "other goods and services" category, which includes jewelry, with a +8.1% YoY change [5][8]. - Core inflation rose by +0.7% YoY, with core goods prices increasing by 0.9% YoY [5][19]. PPI Analysis - The PPI reading was -3.6% YoY, contrasting with market expectations of a narrower contraction [4][19]. - The PPI for the auto sector showed stabilization, while ferrous metals and non-metallic minerals reported negative changes, indicating a mixed outlook for SSR2.0 candidates [4][19]. Supply Side Reform Insights - The report suggests that the upcoming Politburo meeting and action plans from relevant ministries will be crucial for future inflation trajectories [19]. - The divergence in price trends between sectors like steel and auto underscores the need for targeted demand-side policies [19].

From @WSJopinion: A well-intended law grew into a vast regulatory bog that sucks projects into years of paperwork. Trump’s NEPA reform will get America building, writes James Burnham. https://t.co/O9qDxBCJia ...

Core Viewpoint - SoFi Technologies Inc. has experienced a significant stock increase of approximately 45% in the past month, driven by potential legislative changes that may redirect student loan demand from federal programs to private lenders [1]. Legislative Impact - The proposed "One Big Beautiful Bill Act" (OBBBA) aims to limit federal student loans for graduate students by terminating the Graduate PLUS loan program and imposing stricter borrowing limits on other graduate programs, presenting a multi-billion dollar opportunity for fintech companies like SoFi [2]. Market Opportunity - Should the bill pass, it could shift up to $14 billion in student loan demand from the federal government to private lenders, potentially generating up to $700 million in loan origination fees and an additional $1.8 billion in annual interest income for companies like SoFi and Sallie Mae [3]. Market Dynamics - Not all of the $14 billion may transition to private lending due to qualification issues and the bill's proposal to raise federal loan limits for professional programs, which could reduce demand for private alternatives [4]. Current Market Position - SoFi has primarily focused on refinancing loans for post-graduate individuals, with the current market for private loans for graduate students estimated at around $1 billion annually, dominated by Sallie Mae and Navient Corporation [5]. Future Growth Potential - Despite its smaller current footprint, SoFi is positioned to benefit from market shifts, with the potential to capture an additional 10 percentage points of the privatized Graduate PLUS market, which could lead to approximately $1.4 billion in new loan originations starting in July 2026 [6]. Financial Projections - This market capture could result in roughly $70 million in origination fees and $200 million in interest income, representing about a 6% boost to Bank of America's 2027 revenue outlook [7]. Independent Financial Trajectory - SoFi's CFO projects over $3 billion in adjusted net revenue by 2025, with annual revenue growth exceeding 25% through 2026, alongside plans to re-enable members to trade popular digital currencies later this year [8]. Analyst Outlook - Bank of America analysts express confidence in SoFi's positioning and strategy, suggesting the company could become a significant player in the fintech space, akin to American Express, while maintaining a Neutral rating with a price forecast of $16 [9].

The UK has scrapped plans to split its power market into regional zones, opting instead to reform the national pricing system — ending years of debate and industry division https://t.co/EpJrDwHJ8Z ...

Congress’s inability or unwillingness to reform America’s broken immigration system has meant that its enforcement arm has grown—becoming more visible and more militarised. How did that happen? https://t.co/SxofMYFEJm ...

Lummis Crypto Tax Reform Bill Could Transform U.S. Digital Asset Rules https://t.co/KUaASc6w4F https://t.co/KUaASc6w4F ...

Joining us now to debate the tax breaks, some other aspects of the newly passed budget bill, to bring in Harvard professor Jason Ferman. He's former CEA chair in the Obama administration. And Kevin Brady, former chair of the House Ways and Means Committee.He's an architect of the 2017 Tax Cut and Jobs Act. He's now a spokesperson for the Alliance for Competitive Taxation. Your name is Kevin.As far as I know, you're not being considered for Fed Head, Fed Chief. Are you are you Kevin. Not to my knowledge. Not ...

Haibin Zhu (852) 2800-7039 haibin.zhu@jpmorgan.com J P M O R G A N Asia Pacific Economic Research 04 July 2025 China: A preview of the July Politburo meeting We have now entered July, another eventful month. On the external front, US trade negotiations with China (the 90-day window ends in early August) and other trading partners (90-day window ends on July 9) may come up with new developments that affect international trade. On the domestic front, the 2Q GDP report will be released on July 15, followed by ...

5 July 2025 | 5:29PM HKT China commodities Supply side work expectations - reform or reprieve There have been signs of renewed policy focus in addressing supply discipline, as indicated by the readout of the sixth meeting of the Central Financial and Economic Affairs Commission on July 1st. The meeting reiterated the need for China to develop a "unified national market", explicitly calling for a crackdown on overly intensive competition between firms that has caused lower prices. An orderly exit of obsolete ...