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France ends PLTR contract / Burgenstock in play on Friday / Crude prices lower ahead of Warsh's first FOMC decision

  • sc0172
  • 1 day ago
  • 3 min read

  • Iran update : The US and Iran are preparing to sign an interim peace deal which would dole out broad financial incentives to Iran, including the right to immediately sell oil, tap a $300 billion development fund and eventually unlock frozen assets, Tehran threatened Israel with a “harsh response” if it doesn’t stop its military campaign in Lebanon, state-run IRIB reported, anyhow, the Iran deal will be signed on Friday at the beautiful Burgenstock !

  • Markets : Kevin Warsh's first FOMC meeting, it'll be Very interesting to see if any big changes (drop the dots !), unchanged, easing bias to be left out finally, and watch inflation expectations though !, JPN exports higher on weaker #JPY, SPACEX is rallying because index funds need it and there is only a 4% float so it has to rally (in short-term at least), on $3trn valuations that's 200x sales on about $20bn annual revenues.. >>> FOMC, be open minded, crude prices gives him optionality, markets look a little overcooked on SPACEX momentum, that being said.. nothing much seems to worry them these days.. specially not lower crude prices (DOW made new highs..)

  • Europe’s Defense Renaissance and America’s Missed Signal, Ukraine’s Wartime Innovation Is a Once in a Century Industrial Catalyst

  • The Strategic Petroleum Reserve has just fallen to its lowest level since August 1983- 340.3mb. That's a 42 yr low. No matter where you stand politically, it's a remarkable statistic: America's emergency oil stockpile hasn't been this depleted since the Reagan era, let's hope there is no renewed 'Iran related pressure'

  • France ends the contract between Palantir and DGSI (domestic intelligence agency). Palantir will be replaced by ChapsVision. The contract had previously been renewed several times for lack of alternative.  Germany also moved to ChapsVision earlier this year #PLTR



The Strategic Consequence

The United States is not losing influence in Europe because of policy disagreements. It is losing because Europe is building a defense industrial model that is faster, cheaper, more adaptive, and increasingly independent. Ukraine is the catalyst. Europe is the beneficiary. And unless Washington recalibrates, America will be the strategic loser.



  • The deal for Cursor, the AI coding tool, is all stock. No cash. SpaceX issues shares, hands them over, done, great when you can do this!

  • Months before the IPO, SpaceX took $17.5 billion of old junk debt from xAI and X and parked it on its own balance sheet through a $20 billion bridge loan.The terms? Repaid within six months of listing. So part of the $75 billion that retail and index funds just handed over is already spoken for. Not for Mars. Not for rockets. To clear debts piling up at Elon's other companies. Did I just buy buy the rocket ship, or the loans, best financial engineering ever, you've got to admit.. OKAY..its a near $3trn company now so who cares about $20bn... agreed





Of course he would.. doing Burnham a favour to get potentially back wiht the new PM..














 
 
 

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