RFK Jr.. / China sold crude / Kevin Warsh : inflation to head lower with AI / UBS cap increase required.! / WTI $95 again

sc0172
4 hours ago
3 min read

#UBS The Swiss government has laid out plans that would force UBS to increase its capital by at least $20bn
Iran war update : a lot of confusing comments from far too many different parties.. Trump wants out of Iran for domestic political reasons. But he knows that making a deal resembling the 2015 Obama deal, or one that suggests he's cutting and running, will hurt him politically. If he extends the ceasefire in Iran, it will confirm he only wants a deal. Iran will see right through that. The White House said Donald Trump has not set a firm deadline to receive an Iranian peace proposal while Tehran says it has no plans to take part in negotiations imminent-BBG, John Phelan ousted after clashing with defence secretary Pete Hegseth, Iranian tankers bypass US blockade
Dozens of ships exiting the Gulf include several loaded with Iranian oil...
Markets : CHINA sold oil aggressively (Mercuria CEO), equity markets holding up well, AI related names, MAG7 etc recovered fast from early April rally, bumpy road ahead though, the real pain comes now ( inflation, crude shortages etc), things can turn swiftly, that all said, Trump seems desperate for some sort of 'exit' out of Iran situation, the longer it goes on, the worse it is for him and med-terms..the hard data will get softer from here, specific downgrades in earnings likely too, it's not all bad though if Kevin Marsh is right, and AI kills inflation... but that's for later on..
China May Overtake US as World’s Top Nuclear Power Operator by 2030, CNEA Says
Japan Finance Minister Katayama: FSA and BoJ will meet with megabanks on Friday to discuss the AI model Mythos
Italy has become the second country in the European Union, after France, to exceed €3 trillion in public debt, according to Eurostat data
Dutch intelligence says Russia has suffered over 1.2 million military casualties in Ukraine, while Ukrainian losses are estimated at more than 500,000
Kevin Warsh, the new Fed Chair, just made it clear why rates are going lower: “AI is going to make almost everything cost less. We’re at the front end of a productivity boom. Economic growth won’t be inflationary—we’re in the early innings of a structural decline in prices.”
And finally... RFK Jr: "President Trump has a different way of calculating percentages. If you have a $600 drug and you reduce it to $10, that's a 600% reduction." - not even kidding..