Pres. Trump is speaking on many topics:
- We may have to give Iran another hit, not sure
- Was hours from attacking Iran
- Iran is begging to make a deal.
- Don’t know about changing the regime in Cuba. Cuba really needs help
- Everyone tells me that the Iran war is unpopular, but I think it’s very popular
- Gulf states and Isreal are negotiating
- Must ensure Iran does not have nuclear weapons
- Xi promised he is not sending weapons to Iran
- There may be other initiatives to keep gas prices in check
- Iran does not have capacity to retaliate
The President and war staff were presumably a day away from bombing Iran again yesterday, but Saudi Arabia, UAE, and Qatar asked for a delay on hopes for continued peace talks.
Meanwhile the UAE defense minister today said that they dealt with six drones in the past 48 hours with the drones launched from Iraq. There were other reports that Israel sent drones toward the UAE (not sure about the sources of some of these stories) as a way to push the UAE into playing a greater negative role in the region against Iran and other Islamic countries.
The world turns.
US stocks are lower with the Dow industrial average down -0.35%. The S&P index down -0.70%, and the NASDAQ index down -1.23%
US yields are moving to the upside with increased momentum. The two-year is now at 4.133% up 4.3 basis points. The 10 year is up 4.8 basis points at 4.671% the move higher in the 10 year takes the yield to the highest level going back to January 15, 2025. The high yield in 2025 reached 4.809%. The 10 year yield is now up 34 basis points over the last nine trading days from a low of 4.334%.
Kevin Warsh will take over as Fed Chair on Friday when he is sworn in. Pres. Trump says that he is going to let Warsh do what he wants to do at the Fed with interest rates.
