Money & Economics

Trump Announces New Round Of Tariffs On Drugs, Heavy Trucks And Furniture​

Trump Announces New Round Of Tariffs On Drugs, Heavy Trucks And Furniture | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

:rofl:
BTW Craig owns the largest freight tracking service in the country. I know him, he bought the media company I worked for. He also owns a large portfolio of verticle niche media brands.

————
“99.9% of the heavy duty trucks sold in the US are manufactured in North America.

While trucks are produced in Mexico or Canada (thnx FreightX for the reminder), they should be covered under USMCA.

Furthermore, the trucking industry can't handle more cost increases, the industry is facing an extinction-level event due to a disastrous freight economy.”

 
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hmmmm whats up?



Statement 1: The CEO of Barrick Gold has departed.This statement is true. On September 29, 2025, Barrick Gold Corporation announced that Mark Bristow has stepped down as President and CEO with immediate effect after nearly seven years in the role. Mark Hill, the company's Chief Operating Officer, has been appointed as interim CEO.

Statement 2: The CEO of Newmont has stepped down.This statement is true. On September 29, 2025, Newmont Corporation announced that Tom Palmer will step down as President and CEO effective December 31, 2025, after more than a decade with the company (including six years as CEO). He will serve as a strategic advisor until his full retirement in March 2026. Natascha Viljoen, current President and COO, will succeed him on January 1, 2026.
 
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bigredfish said:

Gold Revaluation Imminent? US Treasury Hoard Tops $1 Trillion For First Time​

Gold Revaluation Imminent? US Treasury Hoard Tops $1 Trillion For First Time | ZeroHedge

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Click to expand...

I made a good faith attempt at understanding what this article says, and have to admit it's tougher to comprehend than setting up a new camera.

What I think reality is: Revaluing the gold doesn't change anything. The country still has the same amount of gold that has the same market value.

What I think the article says: Revaluing the gold enables a bunch of accounting hocus pocus, allowing the government to spend more money that it doesn't have, while the numbers show no such thing has happened. The sort of thing that would mean jail time with any entity except the government.

Anybody have a more accurate take on it?
 
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Thats my understanding also.
It will allow them to print more money without acknowledging the debt that comes from it because of the "new found" liquidity
 
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...of course not


BREAKING: The BLS announces it will not be releasing economic data, including Friday's jobs report, in the case of a US Government shutdown.There is currently a 74% chance that the US Government shuts down on Wednesday, per Kalshi.

 
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bigredfish said:

China weaponizes ag imports to target Trump and US farmers​

China’s freeze on U.S. soybean purchases hits a key GOP constituency in the run-up to 2026 midterm elections

Tariffs have consequences


Click to expand...

A learning opportunity? What did they think China would do? :(

A person close to the administration said it was “ruffled” and “completely caught off guard,” by the outcry from soybean farmers warning of the potential for financial ruin. That prompted a rush to brief senior officials as well as the president in recent weeks. “There was an information gap. But that was a learning opportunity,” said the person, who was granted anonymity to speak candidly.

Amid the outcry from farmers, Trump announced Thursday that he plans to use tariff revenue for cash bailouts to farmers “until the tariffs kick in to their benefit.” That will require congressional approval and aid likely won’t reach farmers until early 2026.
 

Dallas Fed Respondents Turn Apocalyptic Amid Trump Push To Hammer Oil Prices​

Dallas Fed Respondents Turn Apocalyptic Amid Trump Push To Hammer Oil Prices | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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What happened? As the next table shows, there was a uniform deterioration across virtually every indicator, starting with New Orders, Shipments, Delivery times, Inventories and going all the way down to Prices for Finished Goods, Employment and Hours worked. In fact the only indicator that posted an improvement from August was Wages and Benefits, which at 15.9 (up from 15.4) is still below the series average of 21.0



So what changed and why did the mood deteriorate rapidly once more?

For the answer straight from the horse's mouth we present you with the always entertaining comments from the respondents which speak for themselves and hardly need commentary, suffice it to say that the locals are hardly delighted with either tariffs, high interest rates, falling demand or general economic malaise, which is to be expected from a regional Fed that is largely dependent on the US energy industry (read Texas shale) which in turn has been crippled by Trump's demands to keep oil prices as low as possible if not lower, and has hammered the US oil E&P industry.

Computer and electronic product manufacturing

  • I may have to close the company. Orders have stopped coming in, and we do not know why.
Fabricated metal product manufacturing

  • Orders have been put on hold, and we are not receiving any new [purchase orders] since Aug. 15 on open RFQ's [requests for quotation].
Food manufacturing

  • Political and interest rate instability are killing us. We are fortunate that our raw ingredients are stable by price and supply chain availability. The non-profit food relief "business" is a train wreck.
  • We are still concerned over employment and labor issues.
  • Furniture and related product manufacturing
  • We are seeing demand decline.
Machinery manufacturing

  • We see the oil industry slowing and are more hesitant to invest in their business. We believe that the uncertainty of government decisions is affecting their business decisions, which in turn will affect our business.
  • We should have our best month of the year in September. Orders are strong, plus we are working on some good new projects.
  • Relief! Rates are easing, finally. Tariffs are of little consequence. Labor is steady. We might even turn a profit by year-end!
Nonmetallic mineral product manufacturing

  • After careful evaluation of prevailing economic conditions, including the current level of interest rates and unpredictability of tariffs, our company continues to hold and not proceed upon our expansion plans. The cost of financing at existing rates has materially impacted the feasibility of these projects, and we believe it is prudent to delay implementation until interest rates are reduced to more sustainable and affordable levels.. We remain committed to our operations in Texas and to continued long-term growth. However, further expansion (building addition, inventory expansion, capital equipment acquisition) will be contingent upon a more favorable borrowing environment that supports capital investment and job creation.
  • The interest rates for mortgages are keeping potential new homeowners out of the market. Homebuilders do not want to build up excess inventory, and therefore our business of producing materials for homebuilders has dropped off significantly. In addition, roughly 30 percent of buyers are falling out of the homebuying process due to inability to qualify for mortgages (credit card debt).
Paper manufacturing

  • We are still neutral on our current status, but incoming orders are trending down when this time of year they should be up. A few tariff surcharges are starting to show up, but not enough to try to pass along. Competition in the packaging industry has prices declining somewhat.
Printing and related support activities

  • We need interest rates to fall more than a quarter percentage point.
  • Incoming orders have definitely slowed way down, and all we can attribute it to is the crazy tariff-induced environment we are living in. Instead of Washington, D.C. policies increasing business and making it better, they seem to be adding way too much uncertainty and making things worse. We have continued to be busy because of robust incoming orders earlier in the summer. If things don't change quickly, we may soon be looking at reducing hours and possibly cutting back on the number of employees, which will be a shame given how hard it is to get good workers up to speed with your manufacturing processes.
Transportation equipment manufacturing

  • The trucking industry has now reduced its production forecast for 2026 to essentially be flat with 2025. This remains at a depressed level versus industry averages.
Source: Dallas Fed
 
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Funny story, well to me, I called a Networking vendor I have used for sometime. I have been eyeing a particular Open Rack I hope to upgrade some day. Their Flyer shows the Rack $10 cheaper, figured I would call to see why the online price is $10 more. First words out of his mouth, Tariffs. But in reality I have been watching this for over 2 years now, since we moved into our new home. The price difference from their flyer and online is only due to them not updating their flyer. When I called him out on this he said he will inform them to update flyer :)

Figured I would go check the after summer market in our old neighborhood. About half or more of the houses I have been watching seemed to have sold or went off market, the ones left are at 70-100 days listed.
Prices are still pretty much the same from when we sold ours two years ago. They are all still way overpriced, IMO though...
 
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bigredfish said:
LOL
Fire the guy who puts out the numbers, and if that doesnt work, just don’t put out the numbers?
For the most anticipated Labor report of the year….

Let’s hope that’s temporary … :rolleyes:
Click to expand...

Then nominate a real lackey who will put out the numbers you want... unfortunately, you'll probably have to nominate an unscrupulous stooge...


White House withdraws Trump’s controversial nominee to lead BLS after ousting predecessor over jobs data

The withdrawal comes after CNN’s KFile reported earlier this month that Antoni operated a since-deleted Twitter account that featured sexually degrading attacks on Kamala Harris, derogatory remarks about gay people, conspiracy theories, and crude insults aimed at critics of President Donald Trump.

The Heritage Foundation on Tuesday said that Antoni will continue in his post at the conservative think tank.


The Heritage Foundation :puke: LOL

Screenshot 2025-09-30 214953.png

 
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Fortunately for some in government, there will be no official BLS report this week due to the shutdown.
I'm sure once they're back and get a chance to cook the books report on Official Government numbers, it will be much better...

Oh, and Meanwhile, August's private payroll number was revised down from +54,000 to -3,000.

ADP Payrolls Unexpectedly Crater To -32,000, Worst Since March 2023 And Below All Estimates​

ADP Payrolls Unexpectedly Crater To -32,000, Worst Since March 2023 And Below All Estimates | ZeroHedge

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ADP plunge oct 25.jpg


ADP says businesses cut jobs for third time in four months as labor market takes turn for worse​

www.marketwatch.com

ADP says businesses cut jobs for third time in four months as labor market takes turn for worse

Privately run businesses eliminated jobs in September for the third time in four months, ADP said, in another sign of hiccups in the labor market that alarmed the Federal Reserve enough to cut interest rates last month.
www.marketwatch.com www.marketwatch.com
 
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Whew... dodged the bullet for now.. :rofl:


The Kobeissi Letter
@KobeissiLetter


Key Economic Data Suspended During Govt Shutdown:

1. Jobless claims (Labor Deptartment)
2. Nonfarm payrolls (BLS)
3. Consumer Price Index and Producer Price Index (BLS)
4. Retail sales, factory orders, housing starts, trade data (Census/BEA)
5. Employment Trends Index (Conference Board)
6. GDP data (BEA)
7. New home sales and construction permits (Census Bureau)
8. Export and import trade data (Census/Commerce)

tenor.gif
 
bigredfish said:
Trump wants to do with Crypto to the financial system what he did to medicine with the clot shot mRNA

This is about ego

You’re fucked and you’ll learn to like it
Click to expand...

Trump is trying to get Crypto fixed just right, for him! Some bumps along the way, a little shuffling for position, but the grift is on!

Trump’s CFTC Nominee Caught in Crypto Clash with Winklevoss Twins

so...

White House withdraws nominee for CFTC chair

He's getting aligned with the Winklevoss Twins!

Screenshot 2025-10-01 143507.png
 
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