Brazilian Finance Minister Fernando Haddad says "very restrictive" interest rates are contributing to Brazil's debt levels, and that it's time for the central bank to start signaling plans to ease. Haddad spoke to Bloomberg News at Bloomberg Green at COP30 in Sao Paulo. ...

Chancellor Rachel Reeves laid the ground for a tough UK budget next month, telling cabinet colleagues that high borrowing costs and debt levels meant there would be less money for public services https://t.co/827VfqDgIA ...

Gold Market & Central Bank Considerations - Gold price spiked to a record $4,000 this week, then moderated slightly [1] - South African central bank holds significant amounts of gold in reserves [2] - South Africa has gold reserves in the ground that can be mined if needed [2] Debt & Safe Assets - Concerns exist about rising debt levels globally, not just in the US [3] - Emerging markets debt has not increased as significantly as advanced economies debt [4] - Discussions around the safety of US treasuries (dollar) as a safe asset [3]

Core Viewpoint - The American Dream is perceived as increasingly unattainable, with nearly 70% of respondents believing it "no longer holds true or never did," marking the highest level of skepticism in the survey's 15-year history [1] Group 1: Pessimism Across Demographics - The pessimism regarding the American Dream spans across political, class, and demographic lines, with similar views reported by men and women, young and old, and across income levels [2] - A significant political divide exists, with 55% of Republicans expressing negative views compared to 90% of Democrats [2] Group 2: Economic Sentiment and Future Outlook - Only 25% of respondents feel they have a good chance of improving their standard of living, a record low in the 38-year history of the study, and over 75% doubt life will improve for the next generation [4] - Despite the discontent, 44% of respondents felt positive about the economy, an increase from 38% in 2024 [5] Group 3: Economic Indicators - The median home price has increased by 532% from $63,900 in 1979 to $403,800 in 2025 [5] - Wages for middle-income earners have only grown by 6% since 1979 [5] - The wage gap has widened, with CEOs now earning 296 times what a typical worker makes, up from 30 times in 1979 [5] - Inflation rates have been significant, with rates of 7% in 2021 and 6.5% in 2022 impacting household budgets [5] - The consumer price index indicates inflation at 2.7% [5] - Americans have reached record credit card debt levels of $1.21 trillion in 2024 [5] - The unemployment rate stands at 4.3% as of August 2025, which is considered a healthy level [5]

Fiscal Concerns - Debt levels are high in many NATO countries [1] - Fiscal credibility of many NATO countries is under strain [1] - Many NATO countries have only just managed to reach the 2% spending target [1] - The new higher spending pledge may encourage budget-fudging [1]

Political & Economic Instability - The French prime minister's government faces potential collapse due to disagreements among opposition parties [1] - Uncontrolled debt levels are perceived as a threat to the country's stability [1] - The situation reflects a deep polarization within the country's political landscape [1]

Core Viewpoint - Boeing is expected to report second-quarter 2025 results on July 29, 2025, with projected revenues of $21.93 billion, reflecting a 30% increase year-over-year, while earnings are estimated to show an improvement in losses from $2.90 to $1.47 per share [1][4] Revenue and Earnings Estimates - The Zacks Consensus Estimate for Boeing's revenues is $21.93 billion, indicating a 30% improvement from the previous year [1][4] - The consensus estimate for the commercial airplanes segment is $9,948.3 million, a 65.7% increase year-over-year, while the defense unit's revenues are projected at $6,398.5 million, a 6.3% rise [9] - Boeing's Global Services unit is expected to report revenues of $5,161.3 million, up 5.6% year-over-year, with earnings estimated at $942 million, reflecting an 8.3% growth [7] Delivery Performance - Boeing's commercial shipments are projected to increase by 63% year-over-year, while defense shipments are expected to rise by 60% [8] - The strong delivery performance is anticipated to positively impact both top and bottom-line results for the second quarter [10] Market Position and Valuation - Boeing's shares have increased by 29.6% over the past three months, outperforming the Zacks aerospace-defense industry's growth of 21.4% [12] - The company is currently trading at a forward price/sales ratio of 1.88, lower than the industry average of 2.28, but higher than its five-year median of 1.42 [15] Industry Dynamics - The demand for air travel and the replacement of aging fleets are driving growth for Boeing, supported by increased commercial jet services sales and government jet service volume [6][16] - However, persistent supply chain issues and high debt levels pose challenges for Boeing and the aerospace sector [17][18]