2026-05-15
Trump back from China. Beckham hits billionaire. Markets pricing stagflation.
Good afternoon. Trump flew back from Beijing. Beckham joined the billionaire club. Markets are bracing for what happens next.
Lunch Brief
The Supreme Court kept mifepristone available via telehealth. Same day Trump returned from China touting trade deals. The brief was at capacity.
Cuba's top U.S. diplomat outlined red lines as talks stalled with 'no progress.' The country braces for a Trump threat to invade. Negotiations continue at a 24-hour critical point.
Bipartisan vote Friday on military construction and Veterans Affairs funding. Standard early-term appropriations process. Senate waiting.
A researcher identified a DoD official who controls access to UFO information. Congress blocked from facility. Transparency debate opens.
The easy-money window closed. Markets now pricing stagflation risk and expecting the Fed to raise instead of lower.
The most important foreign trip of Trump's second term concluded Friday as he flew back to Washington. Great pageantry on arrival, offset by the usual: both sides claiming victory, neither side confirming the other's account.
Beckham and Victoria hit the milestone this year per the Sunday Times Rich List. Soccer, fashion, and decades of carefully managed brand extension finally paid.
Five countries exited Thursday's second semifinal. The rest advance to perform next week for a continent with strong opinions about who sings hardest.
- Trump-Xi summit: China, US disagree on what they agreed on
- Kyiv mourns 24 dead in Russian strike
- Fed Faces Regime Change as Powell's Chairmanship Ends
- Stocks, bonds fall on Iran war fears
- Trump ‘made no commitment’ on Taiwan, arms sales in summit with Xi
- UAE plans second oil pipeline by 2027
- Apple-OpenAI partnership unraveling
- Inside Paul Tudor Jones’ Sports AI Startup
- Colombia's GDP outpaces forecast
- Retired Navy admiral makes bombshell claim about UFOs and 'non-human intelligence' controlling them
"Standard noise. Calibrate accordingly."
"The wire took a breath. Don't get used to it."
Trump came home to a market pricing in stagflation while the Fed stops cutting and starts hiking.
Back at 6:00 PM ET with the night owl brief.