GisermanGroup #BreakingNews
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🚨NO HELP WANTED: Job Openings Sink; A.I.: Coming For YOUR Job
😷COVID: California Wave, Why RFK Is Dangerous
💸YOUR 401K: Stocks Lower
🧑🏭TROOPS: Chicago, New Orleans, Baltimore?
🎢TARIFFS ROLLER COASTER: On, Off Again
🎤EPSTEIN: Victims Threaten To Release List
🚨NO HELP WANTED: Job Openings Sink
It’s the economy stupid!
There are now more unemployed Americans than job openings for them.
The just released Job Openings and Labor Turnover report shows around 7.18 million jobs listings in July, That’s only the second reading under the 7.2 million level since the end of 2020, according to data from the Bureau of Labor Statistics.
That underscores rising concerns of weakening in the labor market, a trend that has shown up in anecdotal evidence for several months
The all-important September jobs report is due on Friday and Wall Street is watching!
💻A.I. : Coming For YOUR JOB
Americans are deeply concerned over the prospect that advances in artificial intelligence could put swaths of the country out of work permanently, according to a new Reuters/Ipsos poll.
Very low rates of Americans with jobs are quitting or being fired each month. But those on the unemployment rolls are now staying there longer than at any time since before the pandemic.
Employers are instead experimenting with AI to make their workforces more productive,
Get this: President Trump on Friday fired the Bureau of Labor Statistics commissioner, hours after the agency reported that job growth in the U.S. had slowed.
Uber is just the latest example of artificial intelligence coming for your job.
The company has just announced a partnership to deploy more than 20,000 robotaxis over the next six years as demand for driverless cars kicks into high gear.
As part of the partnership, the ride-hailing company is teaming up with Lucid, the electric vehicle maker, and Nuro, an autonomous vehicle startup. Under the agreement, Uber will invest $300 million in Lucid. Nuro will develop the self-driving technology that Lucid will use to supply Uber with robotaxis over the course of the deal and receive a multi-hundred-million-dollar investment.
The rapid adoption of AI has stirred up worry among many workers, as it is still unknown exactly what the impacts of the technology will be.
According to the poll, adults underestimate the impacts of AI on jobs for lawyers and truck drivers. By contrast, the U.S. public was more likely than experts to think medical doctors, teachers and musicians are at risk of AI-related job cuts over the next 20 years - although half of U.S. adults and experts say there will be job loss in each of these areas. A majority in both groups thought that AI will lead to fewer jobs for cashiers and journalists.
The automation of Amazon warehouses is approaching a new milestone: There will soon be as many robots as humans.
The Wall Street Journal reports Amazon has deployed more than one million robots in those workplaces, Amazon said. That is the most it has ever had and near the count of human workers at the facilities.
75% of Amazon’s global deliveries are assisted in some way by robotics, the company said
Meta shares hit a record intraday high, underscoring investor interest in the company’s new ‘AI super-intelligence’ group.
CEO Mark Zuckerberg has been on an AI hiring blitz amid fierce competition with rivals such as OpenAI and Google-parent Alphabet.
“Artificial intelligence is going to replace literally half of all white-collar workers in the U.S.,” Ford Chief Executive Jim Farley said in an interview last week with author Walter Isaacson at the Aspen Ideas Festival. “AI will leave a lot of white-collar people behind.”
Microsoft will layoff another 9,000 employees. The move is the latest instance of cost-cutting by Big Tech companies as they spend heavily on artificial intelligence. It may also be tied to growing efficiency at these businesses.
🎢TARIFFS ROLLER COASTER: On, Off Again
President Trump’s on again, off again trade war may be ending, and not by his choice.
The Trump administration asked the Supreme Court late Wednesday to quickly hear its appeal of a ruling that rejected the president’s global tariffs, saying the lower court loss already was hurting the White House in ongoing trade negotiations.
A federal appeals court ruled that many of the tariffs were issued illegally, upholding an earlier decision from a federal trade court.
Blame Trump Tariffs for higher import car prices.
The U.S. and EU have just published details of the trade agreement they struck verbally last month. Under the deal, Washington will maintain high tariffs on vehicles imported from the 27-nation bloc until the E.U. takes steps to lower its levies on many American industrial and agricultural products.
YOU will pay an extra $3,010, for cars assembled in Japan, and Mexico as well due to tariffs.
The backbone of the deal remains unchanged, with the U.S. imposing a 15 percent tariff on most goods arriving from E.U. countries, a rate that President Trump enacted in an executive order that took effect earlier this month.
➡️Supply-Chain Expert Brandon Daniels, a GisermanGroup Client on NewsNation
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Procter & Gamble — the maker of Bounty, Charmin, Crest and Tide — is raising prices on its products because of the $1 billion tariff hit it expects annually.
Coffee prices perking higher - surging 14.5% in July year over year. The average retail price for a pound of ground coffee hit $8.41.
Walmart, a bellwether for the industry has targeted baby gear, kitchenware and toys — items mostly manufactured in China.
Industry experts expect groceries will soon follow.
President Trump again ‘TACOs*” on trade with China. The U.S. and China have extended a tariff delay for another 90 days. It pushes off a huge, open question for U.S. businesses and investors on the future of trade with China.
It comes amid reports Nvidia and Advanced Micro Devices are expected to pay the U.S. 15% of the money they take in from selling A.I. chips to China, as part of a highly unusual financial agreement with the Trump administration. Meantime, a social media account linked to China state media warned that Nvidia’s H20 chips pose security concerns for China.
GISERMANGROUP Translator:
*TACO - Wall St. Slang: Trump Always Chickens Out
🍏TARIFFS: Apple Deals
President Trump and CEO Tim Cook announced Apple, which has already pledged to invest $500 billion in U.S. manufacturing, will cough up another $100 billion as it seeks to mollify the administration and avoid punishing tariffs on iPhones.
But to Apple stock investors it was a great week — shares gained 13% for the week.
Trump now says he will impose a 100% tariff on imports of semiconductors and chips, but not for companies, like Apple, that are “building in the United States.” That exemption is a relief for Wall Street, which is bringing chip stocks higher.
➡️Supply-Chain Expert Brandon Daniels, on chances of a U.S./China trade deal :
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TRUMP TARIFFS BY COUNTRY
➡️What it all means for YOU, YOUR MONEY & YOUR BUSINESS — Exiger CEO Brandon Daniels on Bloomberg
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💸COPPER TARIFFS: Aimed At China
U.S. copper futures plunged roughly 20% in late trading Wednesday after President Trump unveiled 50% tariffs on copper products but not on the raw material itself.
➡️GisermanGroup client, Exiger’s Kit Conklin, former Senior Advisor to the House Select Committee on China says, “The tariffs are meant to reduce U.S.exposure to Chinese market manipulation.”
“The announcement will buy time”, he says, “time for domestic producers to ramp up, for allied supply chains to stabilize. This is less about short-term price effects and more about long-term resilience and national security. “
😷COVID: California Wave
A COVID wave is washing over California, with the state seeing continued increases in the number of newly confirmed cases and hospitalizations as some officials urged the public to take greater precautions.
The extent of the recent increases has prompted some county-level health officials to recommend that residents once again consider wearing masks in indoor public settings, at least until transmission has declined.
California currently has "high" coronavirus levels in sewage, according to the U.S. Centers for Disease Control and Prevention. And increases are being seen across the Golden State, from Los Angeles County to the San Francisco Bay Area to areas around the state capital.
💉NOT HEALTHY: Former CDC Directors—RFK Dangerous
Health and Human Services Secretary Robert F. Kennedy Jr.’s leadership is “unlike anything our country has ever experienced,” nine former directors and acting directors of the Centers for Disease Control and Prevention wrote in a scathing guest essay for The New York Times.
The piece — which appeared online under the headline “We Ran the C.D.C.: Kennedy Is Endangering Every American’s Health” — came days after President Donald Trump fired CDC director Susan Monarez. Through her lawyers, Monarez has maintained she refused to sign off on reckless and unscientific orders.
Meantime, CVS, the country’s largest pharmacy chain, is currently not offering Covid vaccines in 16 states, even to people who meet newly restricted criteria from the Food and Drug Administration.
Amy Thibault, a spokeswoman for CVS, cited “the current regulatory environment” as the reason the vaccine was not available in those states, or in the District of Columbia, emphasizing that the list could change. Legal experts said that federal decisions were creating an extremely difficult situation for pharmacies to navigate.
💸YOUR 401K: Stocks Lower
Tech Stocks are higher.
Google and Apple leading the Nasdaq higher.
Although a judge in a case accusing Google of having a monopoly on search "found Google guilty and ruled its payments to Apple illegal, the remedies were far less severe than many feared. Analysts call it a "slap-on-the-wrist ruling" and "a home run for the status quo, and the status quo has been very favorable to both Google and Apple.
September is historically the worst month for stocks. Over the last 10 years, the S&P500 has dropped 2% on average.
It comes as Federal Reserve Chair Jerome Powell signaled the central bank could bring interest rates down next month.
Fed governor Lisa Cook is suing President Trump after he took the extraordinary step of removing her from the Board of Governors. Trump’s maneuver could undermine the independence of the nation’s central bank.
Trump justified the firing, which he said was effective immediately, by pointing to allegations that Cook may have falsified records to obtain favorable terms on a mortgage. But Cook vowed to fight her dismissal, maintaining that the president did not have the grounds to oust her.
Trump has for months berated Powell and other Fed Members for not lowering interest rates. But the criticism has expanded in recent weeks.
Presidents do not typically go to the Fed in an official capacity, reflecting the longstanding independence of the central bank from the White House.
📉Stocks By the Numbers at the Close
DOW 🔻 200 pointsS&P 500 🔻 0.40%NASDAQ 🔻 0.20%💍The Taylor Swift Economy
As a result of Taylor Swift’s engagement to Travis Kelce—Signet Jewelers one of few publicly traded jewelry companies has jumped more than 3%.. That builds on gain of around 3% in Tuesday’s session, which included a pop directly following Swift and Kelce’s afternoon post.
Kelce is reported to have designed the ring with a jeweler, with its vintage-inspired style seeming to match the aesthetic of Swift's newly announced album The Life of a Showgirl.
Industry experts estimate the ring could cost anywhere from $500k up to $4m, said Ruth Faulkner, the managing editor for Retail Jeweller magazine.
The diamond looked to be an 8-10 carat vintage stone, which Ms Faulker said is "quite rare" for an antique piece.
Swift's estimated net worth is $1.6 billion, making her the richest female musician in the world.
🧑🏭TROOPS: Chicago, New Orleans, Baltimore?
The National Guard could be headed to your city next!
President Trump says he could soon direct federal law enforcement intervention to combat crime in New Orleans, Chicago and Baltimore. Asked by reporters in the Oval Office about sending National Guard troops, Trump said, “We’re going in,” but added, “I didn’t say when.”
A federal judge in California rules Trump broke the law by deploying Marines and National Guard troops to Los Angeles in June in response to immigration protests. The judge said Trump, Defense Secretary Pete Hegseth and the Defense Department had violated the Posse Comitatus Act, which prohibits using the military to enforce domestic law.
Trump deployed National Guard troops to Washington, D.C., this month and to Los Angeles earlier this year. The president describes the tactics as part of an effort to make cities safer. These actions have elicited questions over the role of military power on U.S. soil and criticism from local Democratic leaders.
Several other major cities had higher homicide rates than Chicago and New York last year, including St. Louis, Detroit and Baltimore.
Get this, Fox News reports Nation Guard troops will be deployed to support Immigration crack-downs in these states:
Alabama, Arkansas, Florida, Georgia, Idaho, Indiana, Iowa, Nebraska, Nevada, New Mexico, Ohio, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Wyoming
Bill Maher cautions, Democrats should be focusing their energies on stopping Trump’s “slow-moving coup,” which could shut liberals out from running the federal government as Trump consolidates Republican power.
Trump hinted at such actions in NYC in the future.
🏠FBI: Raids Trump Critic’s Home
F.B.I. agents raided and searched the Maryland home of John Bolton, President Trump’s former national security adviser, an F.B.I. official said. Bolton has become a frequent critic of Trump, appearing often on TV news shows.
Asked about the visible F.B.I. presence at Bolton’s home, a spokesperson for the bureau said agents were “conducting court-authorized activity in the area.”
Bolton was the target of an investigation at the end of Trump’s first term for allegedly disclosing classified information in his 2020 memoir, The Room Where It Happened.
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🎤EPSTEIN: Victims Threaten to Release List
EPSTEIN VICTIMS ANNOUNCE THEY WILL RELEASE THEIR OWN LIST: "We know the names. Many of us were abused by them. We will compile the names we all know were regularly in the Epstein world, and it will be done by survivors and for survivors; no one else involved."
Through tears, a group of women who say they were victimized by Jeffrey Epstein shared their stories on Capitol Hill as they called on lawmakers to support the release of records that the Department of Justice has so far withheld from Congress.
"This is not a hoax. It's not going to go away," said Marina Lacerda, a central witness in Epstein's 2019 indictment.
Ghislaine Maxwell, longtime confidante of the disgraced financier Jeffrey Epstein, told a top administration official she never saw President Trump engage in improper or illegal acts during his long friendship with Epstein, according to interview transcripts released late Friday.
She also insisted that a “client list” of the rich and powerful associated with Mr. Epstein did not exist, and denied any scheme to blackmail his associates.
The transcripts and audio, covering two days of discussions in late July between Ms. Maxwell and Todd Blanche, a former Trump defense lawyer tapped to the No. 2 post at the Justice Department, are likely to raise as many questions as they answer. Ms. Maxwell has been seeking to overturn her 20-year sentence, giving her enormous incentive to tell Mr. Trump’s team what they wanted to hear to avoid spending the rest of her life behind bars.
The Maxwell transcript comes as President Trump and his administration fights to silence critics over apparent backtracking on the ‘Epstein Files’. When asked about a pardon for Maxwell Trump said he hadn’t yet considered it.
When Justice Department officials reviewed what Attorney General Pam Bondi called a “truckload” of documents related to Jeffrey Epstein earlier this year, they discovered that Donald Trump’s name appeared multiple times, according to senior administration officials quoted by the Wall Street Journal.
In May, Bondi and her deputy informed the president at a meeting in the White House that his name was in the Epstein files, the officials said. Many other high-profile figures were also named, Trump was told. Being mentioned in the records isn’t a sign of wrongdoing.
Trump, under fire over his administration’s handling of the Epstein files, escalated his all-too-familiar distract-and-deflect strategy, accusing former President Barack Obama of treason and declaring, “It’s time to go after people.”
It comes after reports Epstein received a 50th birthday greeting from Trump in 2003, including a sexually suggestive drawing, an expression of friendship and a reference to secrets they shared.
Trump has sued the Wall Street Journal for libel over the Epstein story. The president says he warned the paper and owner Rupert Murdoch "that the supposed letter" was "a fake.”
The Journal reported the note contains several lines of typewritten text framed by the outline of a naked woman, which appears to be hand-drawn with a heavy marker. A pair of small arcs denotes the woman’s breasts, and the future president’s signature is a squiggly “Donald” below her waist, mimicking pubic hair..
The President bashed "PAST supporters" for their focus on what he called the "Jeffrey Epstein Hoax" amid ongoing scrutiny of his administration's handling of evidence.
Trump has urged his supporters, many of whom were rocked by his administration's conclusion that there was no evidence the disgraced financier was murdered and or kept a "client list," to walk away from the controversy.
MAGA loyalists are calling for the burning MAGA caps as anger over the Epstein Files grows, among Donald Trump's own supporter base.
Epstein was convicted of paying teenage girls money to perform sex acts. He hanged himself in his cell in 2019, according to local and federal authorities.
🚢Trump: Make American Ship Building Great Again
President Trump has signed a deal with South Korea to build more ships in the U.S.
➡️Exiger CEO Brandon Daniels on NewsNation explains why this is a sea-worthy plan.
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👹DEVIL IN THE DETAIL: Is Putin-Zelensky-Trump Meeting Really Next?
Nyet - no deal.
Russia launched 270 drones along with missiles at Ukraine , causing injuries and damaging energy facilities. The attacks came just hours after President Trump urged Ukrainian President Volodymyr Zelensky and Russian President Vladimir Putin to meet face to face at a peace conference he would convene in a dark-horse bid to end the war.
Russian officials gave little indication they were working toward such a meeting. Foreign Minister Sergei Lavrov said plans for any contacts between officials should be laid out “with the utmost care.” Other Russian officials ridiculed Zelensky as an unserious politician.
Zelensky met with Trump and a delegation of European leaders at the White House, seeking to defend his nation’s interests, as Trump presses for a quick peace agreement with Russia that would require Ukraine to make sweeping concessions.
After the meetings, Trump called Putin while Zelensky and the other European leaders were still at the White House, two people briefed on the call said.
Putin’s foreign policy aide said the Russian president and Trump spoke for 40 minutes and agreed that more senior negotiators would be appointed for direct talks between Russia and Ukraine, but he made no mention about Putin participating.
A hot mic caught President Trump whispering something he called “crazy”…“I think he [Russian President Vladimir Putin] wants to make a deal,” Trump whispered to French President Emmanuel Macron in the East Room. “I think he wants to make a deal for me, you understand that? As crazy as it sounds.”
Trump portrayed his meetings with the European leaders as fruitful and said they discussed how to implement security guarantees for Ukraine. He also said that he had initiated steps for a meeting between Zelensky and Putin, at a site to be determined, and said it would be followed by a further trilateral meeting that he would attend.
But Putin has said in the past he would meet with Zelensky only after the details of a peace deal had been negotiated.
Trump claimed Sunday that Ukraine could bring the war with Russia to a halt “almost immediately,” if Zelensky was willing to make two major concessions. Trump called for Ukraine to drop its bid to join NATO, a demand long held by Russia, and also said there would be “no getting back” Crimea – signaling to the nation to accept Russia’s illegal 2014 annexation of the region.
Ukrainian leaders have adamantly opposed relinquishing any of their land to Russia, and the country’s constitution bars Zelensky from ceding any territory.
And so it goes…
🍔KIDS MEALS: For Adults!
Sign of Economic Times, Warning for Restaurants or are people eating less?
Nearly half (44%) of adults are ordering from the kids’ menu for themselves.
Their reasons?
Smaller portions (38%),
simpler choices (37%),
budget-friendly prices (31%).
Whether it’s a mini burger, pizza or mac and cheese, the kids’ menu is becoming a smart option—not just a nostalgic one, according to Lightspeed’s survey of 1,000 U.S. consumers
🏡HOME PRICES: Thru The Roof
Sales of previously owned homes rose 2% in July compared with June.
The national median existing-home price in June rose to $435,300, a record in data going back to 1999.
15% of pending home sales fell through in June, up from 13.9% a year earlier, the highest June share in records dating back to 2017. Some buyers are backing out, nervous about making a major purchase in uncertain economic times.
➡️Housing Expert Rick Sharga says the American Dream is turning into the American Nightmare
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U.S. OPEN SCOREBOARD: Click for Latest
📺PARAMOUNT/CBS: ‘Painful’ Job Cuts
Looking to save $2 billion David Ellison’s Paramount is going to have to make some deep cuts.
Those cuts are likely going to be coming in one fell swoop, Paramount president Jeff Shell made clear as CEO Ellison and his top team met with the press in Los Angeles a week after officially taking over from Shari Redstone in an $8.4 billion acquisition.
“We do not want to be a company that has layoffs every quarter,” Shell said, an obvious swipe at the past Paramount regime and its water-torture approach to cost- and staff-cutting. So, it’s going to be painful. It’s always hard, but we don’t want to be a company that every quarter is laying people off.”
“So, it is important for us to get done what we’re doing in one big thing and then be done with it,” added Shell.
🇮🇱NETHANYAHU: Says Israel Will Take Over Gaza Strip
Prime Minister Benjamin Netanyahu say Israel intends to take control of the entire Strip, then hand it over to an unspecified Arab governing force.
The premier said a “detailed plan” will yet be developed for this post-Hamas government, and that it will not place Israel in control of the Strip as a civil government, nor allow the Palestinian Authority to play a role.
“Our plan is not to occupy or annex Gaza. Our goal is to destroy Hamas and get our hostages back, and then hand over Gaza to a transitory government,” Netanyahu said.
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📺CBS: Can Skydance Fix Paramount
The Federal Communications Commission has approved the merger between Paramount Global and Skydance Media, clearing the way for an $8.4 billion sale of some of the most prominent names in entertainment, including the CBS broadcast television network, Paramount Pictures, and the Nickelodeon cable channel.
In recent days, Skydance took steps to assure the FCC that it would install an official at the news division to ensure fairness in its journalism and committing to avoiding diversity, equity and inclusion programs at the company. Many at CBS News take offense to suggestions they are not fair in reporting.
It comes days after Stephen Colbert had a succinct message to President Trump.
In his monologue opening Monday’s “The Late Show With Stephen Colbert,” Colbert referred to Trump’s celebrating CBS‘s sudden decision to axe the show. The president, in a post on Truth Social last Friday, wrote, “I absolutely love that Colbert got fired. His talent was even less than his ratings.”
Colbert then appeared in an on-screen frame that said “Eloquence Cam” and, staring directly into the camera, affected a clipped New York accent: “Go fuck yourself.” (The f-bomb was bleeped out.) The line drew a massive roar of approval from the audience in the Ed Sullivan Theater, followed by cheers of “Stephen! Stephen! Stephen!”
In a decision that rocked the media world, CBS says it’s canceling the most-watched show in late night, “The Late Show With Stephen Colbert,” effective in May after his contract expires.
CBS executives said in a statement that the cancellation was “purely a financial decision against a challenging backdrop in late night.”
“It is not related in any way to the show’s performance, content or other matters happening at Paramount,” said the executives, who included George Cheeks, the president of CBS.
Jon Stewart, host of “The Daily Show” on Paramount’s Comedy Central, said on a podcast he hosts that he is hopeful his show has a future on the channel under new owner Skydance, but “they may sell the whole f—ing place for parts. I just don’t know.”
🏈REDSKINS: Trump—Rename Commanders
President Donald Trump is threatening to hold up a new stadium deal for Washington's NFL team if it does not restore its old name of the Redskins, which is considered offensive to Native Americans.
Trump also said that he wants Cleveland's baseball team to revert to its former name, the Indians, saying there was a "big clamoring for this" as well.
The Washington Commanders and Cleveland Guardians have had their current names since their respective seasons in 2022, and both have said that they don't plan to change them back.
Trump said that the Commanders would be "much more valuable" if they restored their old name.
"I may put a restriction on them that if they don't change the name back to the original 'Washington Redskins,' and get rid of the ridiculous moniker, 'Washington Commanders,' I won't make a deal for them to build a Stadium in Washington," Trump said on his social media site.
📺PBS, NPR: Cuts
Congress has passed and sent to President Trump's a bill to clawback federal funding for the Public Broadcasting Service, National Public Radio and foreign aid programs.
The bulk of the funds targeted in the full bill — about $8 billion — would cuts foreign assistance programs. The remaining $1.1 billion is for the Corporation for Public Broadcasting, which funds NPR and PBS.
Republican Sens. Lisa Murkowski and Susan Collins joined all Democrats in voting against it.
The vote incensed Democrats, who argued that Republicans were ceding Congress’s constitutional powers in the name of cutting a minuscule amount of spending, just weeks after passing their marquee tax bill that would add $4 trillion to federal deficits.
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📱TikTok: Trump Teases Wealthy Buyers
PresidentTrump says a group of buyers for TikTok has emerged.
It comes as TikTok is reportedly building a new U.S.-specific version of its app. The Chinese-owned video platform is planning to roll out the app on American platforms by Sept. 5th.
GisermanGroup client, Exiger’s JC Herz says TikTok as it stands now is dangerous.
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➡️GisermanGroup Gets You Noticed Contact Us 👨⚖️DIDDY: No Bail
💸WALL ST SPOOKED: Socialist Wins NYC Mayoral Primary
Zohran Mamdani declared victory in New York City’s Democratic mayoral primary after Andrew Cuomo conceded the race. It was a stunning upset, as the young, progressive upstart who was virtually unknown when the contest began built a substantial lead over the more experienced but scandal-scarred former governor.
The pro-business community in New York is already donating to Mayor Eric Adams — who is running for re-election as an independent — and trying to figure out how they can best support the current mayor. Adams Wednesday met with business leaders and political brokers to discuss how to stop the rise of Mamdani
Mamdani’s platform includes increasing taxes on those making more than $1 million a year. He has said he would make the city more affordable by freezing rents on rent-stabilized apartments, investing $70 billion in publicly subsidized housing, providing free bus service and opening government-operated grocery stores.
☢️IRAN NUKES: Severely Damaged Or Not?
The U.S. strikes on three of Iran’s nuclear facilities did not destroy the core of the country’s nuclear program and likely only set it back by months, according to an early US intelligence assessment. The attack sealed off the entrances to two nuclear facilities but did not collapse their underground buildings, classified findings indicated. The report suggests that President Trump’s earlier statement on the strike’s success was overstated.
Trump repeated his previous claims that the attacks were a massive success. At a NATO summit at The Hague, he said the strikes led to the “virtual obliteration” of Iran’s nuclear capabilities and set its program back “by decades.”
C.I.A. director, John Ratcliffe, said the strikes had “severely damaged” Iran’s nuclear program, and repeated Trump’s claims that those initial report, by the Defense Intelligence Agency were based on preliminary assessments and already outdated.
Trump also says U.S. negotiators will meet with an Iran delegation in the week ahead.
The fragile ceasefire seems to be holding after President Trump ripped into both Iran and Israel for breaking the truce hours after it was supposed to start — Trump raging that both “don’t know what the f–k they’re doing.”
“I think they both violated it,” the President said as he left Joint Base Andrews for a NATO summit.
“We basically have two countries that have been fighting so long and so hard that they don’t know what the f–k they’re doing, do you understand?”
-Still, there’s concerns that Iran will close the Strait of Hormuz through which 20% of the world’s oil passes if the ceasefire is not successful.
Exiger’s Brandon Daniels on NewsNation with the concerns.
🇺🇸USA HIGH ALERT
Virtually every critical infrastructure sector in the U.S. is NOW on high alert amid the conflict between Iran, Israel and the U.S.
The organizations representing critical networks that keep the lights on, the water running and transportation systems humming across the U.S. are bracing for a possible surge of Iranian cyberattacks.
Hackers backing Tehran have targeted U.S. banks, defense contractors and oil industry companies following American strikes on Iranian nuclear facilities — but so far have not caused widespread disruptions to critical infrastructure or the economy.
Exiger’s Bob Kolasky, a GisermanGroup client and former CyberCzar for the Department of Homeland Security, says that could change if the ceasefire between Iran and Israel collapses or if independent hacking groups supporting Iran make good on promises to wage their own digital conflict against the U.S.
The U.S. strikes could even prompt Iran, Russia, China and North Korea to double down on investments in cyberwarfare, according to Kolasky.
Kolasky adds,”As the conflict evolves — and particularly now that the U.S. has struck Iran directly — targets in the United States could be prioritized for action by Iran’s cyber threat capability.”
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💸SOCIAL SECURITY: Runs Out of $ in 8 Years
The Social Security trust fund is on track to run out of money in 8 years, its trustees said in a new report, a year sooner than the last projection.
The U.S. faces a major fiscal reckoning in the early 2030s, as retirement benefits would be on track to be slashed automatically, if Congress does not act to preserve the benefits on which millions of Americans rely.
A law enacted at the start of this year expanding Social Security for railroad and public pension recipients was the main reason for the quicker drawdown.
The new Social Security and Medicare Trustees report, the government's formal annual estimate of the programs' finances, finds that the trust fund for the Social Security retirement program is set to go bust in 2033, the same as last year.
💻STREAMING: Beats Broadcast & Cable Combined
Nielsen reports for the first time last month, streaming viewership in the U.S. eclipsed both cable and broadcast combined.
Streaming's assent has been rapid over cable in particular. When Nielsen first started measuring monthly TV consumption by medium in September 2021, cable represented 38% of viewership, while streaming only represented 28%.
Last month, streaming represented 44.8% of all TV viewership, its largest share of viewing to date. Both broadcast and cable fell to near all-time lows.
📱TRUMP MOBILE: Pres Now In Cell Phone Biz
Nope, we’re not kidding.
The new service, Trump Mobile, will offer a $47.45-per-month plan that includes unlimited talk, text and data, as well as roadside assistance and a “Telehealth and Pharmacy Benefit,” according to its website.
The company, owned by President Donald Trump, also announced it will sell a “T1” smartphone, which appears to feature a gold-colored metal case etched with an American flag.
✈️Summer Of Hell For Airlines
Memorial Day signaled what is expected to be a summer of hell for airlines with one problem after another.
The FAA issued another ground-stop on all flights at Newark Liberty International Airport on Wednesday evening as New York City's second-busiest airport continued to struggle with staffing shortages.
Air traffic control problems are causing flight delays and cancellations, feeding into traveler worries over safety that began in January with the worst US air crash in decades. A global trade war and other economic concerns are driving down the value of the dollar, making overseas travel more expensive for Americans.
About 1.9 million foreigners arrived at the U.S.’s main airports in the past four weeks, down 6% from the same period last year, according to data from U.S. Customs and Border Protection. Airline bookings data for the summer suggest things won’t be picking up soon. Flight bookings to the U.S. from Europe are down by about 12% through August.
Transportation Secretary Sean Duffy says that Newark airport will see “several weeks” of reduced capacity as officials grapple with spiraling delays and safety lapses at one of the country’s busiest hubs, add to that problems at Washington Reagan and Denver’s airport.
☕️COFFEE PERK: Study Finds Healthy Aging
Go ahead, have that second and third cup…
In a new study scientists have found that coffee may offer long-term benefit of healthy aging.
The study has not been peer-reviewed or published, but it was rigorous and included a large number of women who were followed for many years. It also adds to a large body of evidence linking coffee to longer lives and various health advantages, including lower risks of certain chronic diseases .
Many other studies have linked drinking coffee regularly to a lower risk of early death. In a study of more than 46,000 U.S. adults published in May, researchers found that those who consumed one to three cups of coffee per day were about 15 percent less likely to die within the next nine to 11 years than those who didn’t drink coffee.
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👜NO KIDDING!: Homeland Security Secy’s Handbag Stolen
Get this — the woman in charge of America’s security can’t guard her own pocketbook
Homeland Security Secretary Kristi Noem’s Bag, with Security Badge and $3,000 in cash was Stolen while dining at a Washington, D.C., restaurant. She also lost her passport and keys.
‼️TEXT-GATE: Excuses, Lies & Coverups
Defense Secretary Pete Hegseth’s personal phone number, the one used in a recent Signal chat, was easily accessible on the internet and public apps as recently as March, potentially exposing national security secrets to foreign adversaries, according to rge New York Times.
He apparently did it a second time —Defense Secretary Pete Hegseth used his personal phone to send information about U.S. military operations in Yemen to a 13-person Signal group chat, including his wife and his brother, according to reports.
Asked by reporters if he still had confidence in his defense secretary, President Trump defended Pete Hegseth. “He’s doing a great job — ask the Houthis how he’s doing,” he said, referring to the rebel group in Yemen. The Houthis were the target of strikes about which Hegseth shared information in a private Signal group.
The development comes about a month after it became public that Hegseth shared details of strikes in Yemen in a separate Signal chat with top administration officials. The editor-in-chief of The Atlantic was mistakenly
🔥ARSON : Jewish PA Governor Attacked on Passover
Police say a suspected arsonists has been arrested and will be charged with terrorism after Pennsylvania Governor Josh Shapiro and his family were evacuated from their home after a fire broke out.
Shapiro, a Democrat and a Jew, said on Facebook that the Pennsylvania State Police woke his family by banging on the door around 2 a.m. to warn them of the fire which significantly damaged the Governor’s residence. He said no one was injured.
Hours before the fire, Gov. Shapiro wrote on social media that he and his family were marking Passover, which began at sunset on Saturday.
🏛️HARVARD: Hits Back At Trump
President Trump threatened Harvard University’s tax-exempt status after the school hit back at his administration’s demands for a series of policy changes.
The threat came a day after the Trump administration halted more than $2 billion in federal funding for Harvard because the university rejected changes to its hiring and admissions practices and curriculum.
“No government — regardless of which party is in power — should dictate what private universities can teach, whom they can admit and hire, and which areas of study and inquiry they can pursue,” says Alan Garber, Harvard’s president.
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👙HOOTERS BANKRUPT: Inflation or Deflation?
Hooters, the restaurant chain known for its all-female serving staff in revealing outfits has filed for bankruptcy in a Texas court, the company announced on Monday.
Under the bankruptcy agreement, a group that includes the company’s founders — who independently run about a third of the franchised locations in the United States — will buy the company-owned restaurants in the United States from the private equity firm that owns the chain.
The complicated bankruptcy filing is a way to keep many of the restaurants open.
📺YOUTUBE: Tops TV Viewing
YouTube commanded more TV time than any other media provider in February, and its top ranking was thanks in part to viewers over the age of 50.
The service accounted for 11.6 percent of all TV use in the country in Nielsen‘s rankings of media distributors for the February period (which ran from Jan. 27-Feb. 23). That’s an all-time high for YouTube and the second time it has placed atop the distributor rankings; it previously did so in July 2024.
YouTube improved from 10.8 percent of TV use in January and passed Disney (10 percent) for the overall spot among TV content distributors. Nielsen notes that the rise for YouTube was fueled partly by a somewhat surprising source: people over 50, who accounted for about 36 percent of all time spent watching YouTube on TV screens — more than the combined 28 percent for teenagers and adults 18-34. The media distributor rankings don’t include viewing on computers or mobile devices, which means the demographics Nielsen cited might not be fully representative of YouTube’s total usage across all devices.
🧪23andMe: Files Bankruptcy-Your DNA Safe?
23andMe filed for bankruptcy late Sunday night and announced the resignation of its chief executive, capping a precipitous fall for the DNA-testing company.
So, is that DNA you gave them, and information garnered from it safe?
More than 15 million people provided the company with their DNA samples, a virtually unprecedented repository of human genetic information that could be sold in bankruptcy proceedings.
California’s Attorney General Rob Bonta issued an alert to consumers in his state, reminding them of their right to delete their information, a step some may scramble to take due to concerns over who may ultimately own their personal genetic data.
🇺🇦UKRAINE: Trump Fails To Get Putin To Agree To Ceasefire
President Trump spoke with Russian President Putin on a plan to halt fighting in Ukraine for 30 days.
Putin agreed to a limited cease-fire against Ukraine’s energy infrastructure, but remained defiant to a full ceasefire.
It comes after Ukrainian President Volodymyr Zelenskyy said his Oval Office blowup with President Donald Trump was “regrettable,” adding that he stands ready to work under Trump’s “strong leadership” to get a lasting peace.
The shouting match blew up plans to sign a minerals deal.
Exiger’s Kit Conklin tell’s NewsNation the US really needs those minerals.
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🛫Airplane Safety Worries For Your Next Trip
Two people were found dead in the wheel well of a JetBlue plane from New York City after it landed at Fort Lauderdale-Hollywood International Airport, the airline said Tuesday. It’s the latest in a string of incidents that have raised concerns over airline security.
A Jeju Airlines plane burst into a deadly fireball during a failed belly landing in South Korea, killing 179 people.
If your fear of flying has ramped up in recent months you’re not alone. More than half of travelers say recent news of aircraft and airline incidents has affected the way they book travel.
The latest problem: turns out new Boeing and Airbus jets have parts made from titanium, sold using fake documentation.
Exiger President Carrie Wibben tells NewsNation it raises concerns about the structural integrity of those planes.
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💻Hackers Take Advantage Of Airline Computer Glitch
It keeps getting worse!
Regulators are investigating how Delta Air Lines is treating passengers affected by canceled flights after the airline’s global tech outage, which forced Delta to cancel more than 5000 flights.
CrowdStrike now warning its customers: hackers are trying to exploit the computer outage.
➡️Exiger’s Katie Arrington with the fallout:
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🚌Childcare Economic Crisis
The Cost of Childcare Is Out Of Control. What Will President Trump Do?
Debbie Bermudezof IMAGINE EARLY LEARNING with the problems on NewsNation
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🎯 Chinese Slave Labor Making Your iPhone
Republican Vice Presidential nominee JD Vance says that shiny-new iPhone you want to buy may be made by Chinese slave labor. Vance named China the biggest threat to the U.S. & Democratic VP Candidate Tim Walz agrees.
While Apple denies it uses slave labor, China and Supply Chain expert, Exiger CEO Brandon Daniels tells NewsNation many US companies unknowingly use Chinese slave labor, and that needs to stop now.
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🤖AI—Latest Battleground For US & China
Artificial Intelligence—the latest battleground for the U.S. and China.
Exiger’s JC Herz tells NewsNation China already knows how to hack American Water Systems and Electrical Grids.
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