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by Jeff Brown
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If that sounds too good to be true…
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Investors had a chance to turn a small stake of $10,000 into as much as $366,000 in just 14 months.
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The Wall Street Journal even recently warned Americans that AI advancements like this could be…
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We have so much to look forward to,

The post Did Elon Musk Just Open America’s Last Retirement Window? appeared first on The Gateway Pundit.

Before the outbreak of cyclosporiasis, the Food and Drug Administration delayed the enforcement of a policy designed to improve the process of tracking and removing potentially contaminated foods.

Carly Simon has Parkinson’s disease and underwent surgery for basal cell carcinoma, a form of skin cancer.The “You’re So Vain” singer told People magazine in a statement published July 27 why she had recently stayed out of the spotlight.”It has taken me some time to understand the diagnosis, to adjust to it, and to decide how much I wanted to say about it publicly,” the 83-year-old told the outlet. “Parkinson’s is different for everyone, and it can be unpredictable. Some days I’m so tired I can’t get the day moving at all. On others, it gives me a little more room to move, think, work and feel like myself.”MICHAEL J. FOX SAYS GOING PUBLIC WITH PARKINSON’S WAS ‘HELL’ ON WIFE TRACY POLLAN”The problems began with arthritis in both knees and one hip,” the star shared. “I eventually had all three joints replaced, out with the old and in with delicate bouquets of metal and plastic. After three replacement surgeries, I assumed my difficulty walking was simply an unfortunate and rather ironic part of the recovery process.”According to Simon, her mobility continued to worsen. She struggled to stand from “low chairs and deep couches” without someone offering help. “Overstuffed furniture became my enemy,” she recalled. There were periods when she couldn’t walk “without considerable help.”Simon knew something was wrong.WATCH: DEBORAH W. BROOKS COMMENDS MICHAEL J. FOX FOR HIS ‘COURAGE’ TO LIVE OPENLY WITH PARKINSON’SIt wasn’t until she underwent an extensive evaluation at the Mayo Clinic that Simon was diagnosed with Parkinson’s disease. She soon began treatment to help manage stiffness and other symptoms.”Parkinson’s is usually associated with movement, tremors and balance, but it can affect much more than the body,” Simon explained.”It can bring anxiety, depression, exhaustion and apathy. The apathy is particularly strange. You can find yourself lying there like a starfish drying in the sun, arms pointing in all directions, while nothing inside is telling you to get up, read, watch, write, sing, call someone or do much of anything at all. … It is not simply sadness or laziness. It is as though the part of the brain that sends out invitations to participate in life has temporarily misplaced the guest list.”During this period, Simon was treated for basal cell carcinoma on her face. While surgeons removed the skin cancer, the procedure left her self-conscious about her appearance and reluctant to be seen in public.”I have always been more critical of my appearance than anyone else could possibly imagine (check out the irony of having written ‘You’re So Vain’), and this gave my inner critic quite a lot of new material,” Simon wrote.”Between my mobility issues, the Parkinson’s diagnosis, the surgery and the emotional effects of it all, withdrawing from public view was the most palatable reaction,” Simon said. “If a person is allowed to hibernate during both winter and summer, then I have become an all-season bear.”CLICK HERE TO SIGN UP FOR THE ENTERTAINMENT NEWSLETTERDespite her personal struggles, Simon stressed that she has “not stopped living, and I have not stopped working.” She quietly worked on a new album, “Comes in Waves,” noting that music “has rescued me more times than I can count.””Working on the music gave shape to days that did not always have much shape,” Simon said. “… It reminded me that illness can change your life without becoming the whole of your life.””I do not consider Parkinson’s a gift or a blessing,” she said. “It is neither. It is difficult, frustrating and sometimes frightening. I am still learning how to live with it and now how to accept it without feeling that I have surrendered something essential. I am still writing, singing, imagining, laughing, worrying, remembering and occasionally getting trapped in an overstuffed chair.””I am deeply grateful to my children, my family, my friends, my caregivers and the medical professionals who have helped me through this,” Simon said. “Their love and patience have carried me through days when my own reserves were not enough. I wanted to share this now because so many people have reached out with genuine concern. I am touched by that concern, even when I have not known how to respond.””These days I move more slowly, I lean on others more than I once did, and I have learned to accept that every day will look a little different. But I am still very much here.”People reported that “Comes in Waves” is Simon’s first full-length album since 2008.LIKE WHAT YOU’RE READING? CLICK HERE FOR MORE ENTERTAINMENT NEWSSimon, who lives on Martha’s Vineyard, made one of her last public appearances in 2019 when she visited SiriusXM Studios in New York City to promote her memoir, “Touched by the Sun: My Friendship with Jackie,” which chronicles her once-close bond with former first lady Jacqueline Kennedy Onassis.People reported that Simon’s last public performance was in March 2018 at the 31st Annual Tibet House U.S. Benefit Concert & Gala at Carnegie Hall.Although Simon was inducted into the Rock and Roll Hall of Fame in November 2022, she did not attend the ceremony in Los Angeles. The event came weeks after her sisters, Joanna and Lucy Simon, died of cancer one day apart. People noted that Simon survived breast cancer after being diagnosed in 1997.According to the Mayo Clinic, Parkinson’s disease is a nervous system disorder that affects movement. Symptoms can include tremors, balance problems, stiffness, slowed movement and slurred speech. Although there is no cure for Parkinson’s disease, medications and, in some cases, surgery can help manage symptoms.Michael J. Fox, who was diagnosed with Parkinson’s disease in 1991, was one of the first high-profile figures to raise public awareness of the disease. The “Back to the Future” star later founded the Michael J. Fox Foundation for Parkinson’s Research.Simon rose to fame with her 1971 self-titled debut album. The Grammy winner is best known for the 1972 hit “You’re So Vain” and the James Bond theme “Nobody Does It Better,” recorded for the 1977 film “The Spy Who Loved Me,” starring Roger Moore as 007.

The second season for Bill Belichick at North Carolina is off to a disastrous start, as the team prepares to start practice this week, with general manager Michael Lombardi being placed on administrative leave by the school.In the initial release, no details were provided as to why Lombardi had been placed on the sidelines, but it should be noted that it was the school who made the decision and not the athletic department.North Carolina Hires Bill Belichick To Lead Tar Heels Program In Stunning College Football Move”The University of North Carolina at Chapel Hill has placed Michael Lombardi, general manager for the Carolina football program, on paid administrative leave, effective immediately,” the school announced.”As is standard procedure with personnel matters, leadership, staff, and student-athletes are prohibited from addressing this topic further, and has no reflection on its merits.”OutKick-FOX News Digital has confirmed this investigation stems from a complaint filed by a former staffer to the human resources department at UNC.FOOTBALL LEGEND BILL BELICHICK ADDRESSES HALL OF FAME SNUB AND WHETHER IT WAS A ‘POLITICAL’ DECISIONThe former long time NFL executive was part of a package deal at North Carolina when the school hired Bill Belichick to lead the football program. Lombardi took the general manager position, where he is being paid $1.5 million to handle the building of Belichick’s football team.As for what has transpired since the hiring of the legendary Super Bowl winning head coach, it has been nothing short of a disaster. The fact that Belichick had zero experience as a college football head coach did not deter members of the North Carolina board of trustees from going after what they perceived to be a ‘splash hire’ following the 2024 season in Chapel Hill.Since then, the football program has been garnering headlines for all the wrong reasons.Whether that was Belichick’s girlfriend, Jordon Hudson, essentially acting as though she was part of the decision-making process for everything related to her boyfriend, the disastrous interviews that transpired (CBS Sunday Morning) or UNC ending the 2025 season with a 4-8 record, the expectations have been drastically tempered since the day he was fired.Now, with the season just one month away, the football program is dealing with another controversy that relates to a staffer. But, not only has Michael Lombardi been a lightning-rod for attention, the way in which they’ve put together a football team has led to many questions around college football.Lombardi dubbed North Carolina as the NFL’s ’33rd team’, which backfired in spectacular fashion with the results we saw on the field last season.And, with another round of transfers being brought in this past off-season out of the portal, there are no guarantees that the 2026 season will be a success.There have been questions about the trajectory for North Carolina football the moment the school fired Mack Brown, to then hire Belichick. Bringing Michael Lombardi with him, along with putting together a staff that is still struggling to find cohesiveness in Chapel Hill, hasn’t been the success story that UNC fans had hoped for.It’s the drama that has come with the hire that has drawn attention, not the on-field product. I don’t imagine North Carolina fans were expecting the head coach’s girlfriend, Jordon Hudson, to garner more self-inflicted headlines than Belichick.But, that’s what happens when you start creating FOIA requests seeking information on who is discussing your name within the athletic department.The school will continue conducting its investigation into the UNC general manager, as the football program prepares to hit the field this week for practice.In reality, this is just another problem for the North Carolina football program to navigate, with all eyes on whether Bill Belichick can find success with the Tar Heels.For now, an investigation will overshadow what is transpiring on the practice field, and I wouldn’t expect the Tar Heels head coach to say much of anything related to his general manager.Or, as we like to call it, just another week in Chapel Hill.

Credit: The White House
President Trump on Monday called out Senate Majority Leader John Thune, demanding that the Senate pass the SAVE America Act and terminate the filibuster, and saying the Democrats got “lucky” for Thune’s failed leadership. 
Trump lit up the Senate and Leader John Thune during a rally in Georgia last week, demanding, “Everybody call John Thune at the Senate. He’s the leader of the Republican Party. And tell him to get this stuff approved!”
“I have to say Mike Johnson and Congress have done a great job, but we’re having a hard time in the Senate. What they are doing, it’s just not right,” Trump said of the SAVE America Act.
“Congress is going to pass it again. They passed it three times. They are going to pass it again. It’s like the senate is a place you send things when you want them to die.”
WATCH:

On Monday, Trump called on the Senate to postpone their August recess “until it passes The Save America Act or, far better still, TERMINATES THE FILIBUSTER, where Republicans can then quickly pass everything they ever dreamed of, including a full and deep throated SAVE AMERICA ACT, the Budget, and the ever looming Debt Ceiling disaster, 1929!”
He added, “The Dumocrats will do it on day one, and can’t believe how lucky they got with this Senate leadership. Remember, stupidity always brings LOSING & DEATH!”
John Thune should not allow the United States Senate to “leave town” until it passes The Save America Act or, far better still, TERMINATES THE FILIBUSTER, where Republicans can then quickly pass everything they ever dreamed of, including a full and deep throated SAVE AMERICA ACT, the Budget, and the ever looming Debt Ceiling disaster, 1929! The Dumocrats will do it on day one, and can’t believe how lucky they got with this Senate leadership. Remember, stupidity always brings LOSING & DEATH! President DJT

Several Republican Senators have come out demanding that Thune cancel the August recess until the SAVE America Act is passed and signed into law.
Whichever Party Terminates the Filibuster FIRST will be the Party that survives and thrives. If the Dumocrats win this race, however, America will rapidly become nothing more than a Third World Nation! President DONALD J. TRUMP

The post JUST IN: Trump Calls Out John Thune, Says Dems “Can’t Believe How Lucky They Got With This Senate Leadership” appeared first on The Gateway Pundit.

Key Events This Busy Week: FOMC, PCE, GDP, War On/War Off… And Earnings Galore

Before we look at the week ahead, a quick look at the main event that defines the market this Monday morning: after 13 consecutive nights of US strikes aimed at degrading Iran’s ability to threaten commercial shipping, Washington has refrained from further attacks since late Friday, while Tehran has publicly stated that it has also suspended retaliatory operations. The pause falls short of a formal ceasefire, but both sides are presenting it as an opportunity for diplomacy, with Omani-mediated talks continuing over the weekend focused on navigation through the Strait of Hormuz. US officials, including UN Ambassador Mike Waltz, have stressed that all military options remain on the table and that President Trump is simply giving negotiations more space. However, reports from the New York Times and Axios suggest an active debate within the administration over both the effectiveness and costs of further strikes, with some military officials reportedly arguing that key objectives have largely been achieved. For now, the market is treating the lull as a positive development, although the situation remains highly fluid.

The main market risk remains the energy and shipping front. Traffic through Hormuz remains severely disrupted, while the conflict has broadened into the Red Sea, where Iran-backed Houthi forces reportedly launched missile and drone attacks against Saudi energy infrastructure around Jizan and Yanbu over the weekend, prompting retaliatory Saudi strikes. This raises the prospect of simultaneous disruption to both Gulf and Red Sea export routes. So a welcome pause from the main actors but a fragile one, especially with side battles still ongoing.

However there is no doubt the weekend news is positive and this morning Brent crude prices are around -4.5% lower to $92.42  and 10yr USTs are down -4.5bps. S&P 500 futures are up +0.71% with Nasdaq futures gaining +1.17%.

With that in mind, let’s now look ahead, and as more and more of the financial world steps off the ever-turning carousel of market news and disappears towards sunnier shores, a busy global week lies ahead, with central bank decisions, major economic releases and a heavy slate of corporate earnings all competing for investors’ attention. The Federal Reserve meeting concluding on Wednesday remains the standout event, but investors will also hear from the Bank of England (Thursday) and the Bank of Japan (Friday). Meanwhile, key economic releases include US Q2 GDP and June core PCE inflation (both Thursday), Euro Area Q2 GDP and July inflation data (Thursday/Friday), Japan’s Tokyo CPI (Friday) and China’s official PMIs (Friday). Adding to the significance of the week, four of the world’s most influential companies — Microsoft, Meta, Apple and Amazon, which together account for 17% of the S&P 500—will report earnings, with the first two on Wednesday and the latter two a day later.

The headline event of course comes with the FOMC meeting (Wednesday), where DB economists continue to expect the Fed to leave rates unchanged. However, the decision appears unusually finely balanced. The renewed escalation in the Middle East and the sharp rise in energy prices have complicated the inflation outlook, while recent market-based measures of inflation compensation have moved higher as concerns around energy supply disruptions have intensified. Against that backdrop, policymakers face a difficult trade-off between evidence that inflation had been moderating and growing signs that higher oil prices could create a more persistent inflation shock.

It’s rare for a Fed meeting to be this finely balanced so close to the decision. Futures are still assigning a 34% probability to a rate hike this week (-4pps overnight in Asia), a level of uncertainty we seldom see at such a late stage. During the post-Covid hiking cycle, markets did receive a steer via the financial press during the blackout period if the Fed was considering a surprise move. Under the current regime, that appears far less likely.

The Fed decision will sit in the middle of several important data releases. Durable goods orders (today) and the advance goods trade balance (tomorrow) will help shape expectations for the first estimate of Q2 GDP (Thursday). Economists expect annualized GDP growth of 1.9% in Q2. Although this would mark a downgrade from earlier estimates, much of the weakness reflects a drag from net exports linked to strong AI-related imports. Beneath the surface, domestic demand remains considerably healthier. Indeed, DB’s economists expect final sales to private domestic purchasers, their preferred measure of underlying demand, to rise by a robust 3.3%, which would be the strongest reading since Q3 2024.

Attention will then turn to inflation. The June personal income and spending report (Thursday) includes the latest reading of core PCE, the Fed’s preferred inflation gauge. DB economists expect core PCE to increase by 0.19% month-on-month, which would leave the annual rate at 3.3% assuming no significant revisions. That will be followed by the Employment Cost Index (Friday), one of the Fed’s preferred measures of labor cost pressures. Economists expect the annual growth rate to remain at 3.4%, a level many policymakers would still view as broadly consistent with returning inflation towards target over time.

Alongside the macro data, earnings season moves into a critical phase. Around 35% of the S&P 500’s market capitalization is scheduled to report this week. Technology will dominate attention, with Microsoft and Meta releasing results (Wednesday), followed by Apple and Amazon (Thursday). Together, those companies account for 17% of the S&P 500 and will help determine whether investor enthusiasm around AI-related spending remains intact. Elsewhere, notable US earnings releases include Visa and Mastercard in financials, ExxonMobil and Chevron in energy, and Coca-Cola and Procter & Gamble in consumer staples.

In Europe, attention will be split between monetary policy and inflation. The Bank of England announces its latest policy decision (Thursday), and economists expect Bank Rate to remain unchanged at 3.75%, accompanied by a 7-2 vote split. 

On the data side, Germany and Spain release flash July CPI figures (Thursday), before France, Italy and the Euro Area publish their inflation readings (Friday). DB’s European economists expect Euro Area headline HICP inflation to rise to 3.0% from 2.8%, while core HICP is forecast to edge higher to 2.52% from 2.36%. The Euro Area’s preliminary Q2 GDP estimate is also due (Thursday), while Germany’s Ifo survey (today) should provide an updated read on business sentiment.

In Asia, the Bank of Japan decision (Friday) will be the key event. Here, economists expect policymakers to keep their current policy settings unchanged. Japan will also release Tokyo CPI, retail sales, industrial production, labor market data and housing starts (all Friday), offering a comprehensive snapshot of the economy at the start of the third quarter. In China, the official manufacturing and non-manufacturing PMIs (Friday) will provide the latest evidence on growth momentum. Elsewhere, Australia’s June CPI report (Wednesday) will be closely watched for indications about the Reserve Bank’s policy path. 

Courtesy of DB, here is a day by day preview of the week ahead.

Monday July 27

Data: US June durable goods orders, July Dallas Fed manufacturing activity, Japan June PPI services, China June industrial profits, Germany July Ifo survey, Eurozone June M3
Earnings: LVMH, AstraZeneca, Welltower, Cadence Design Systems, Celestica
Auctions: US 2-yr Notes ($69bn), 5-yr Notes ($70bn)
Tuesday July 28

Data: US June advance goods trade balance, wholesale inventories, July Conference Board consumer confidence index, Richmond Fed manufacturing index, business conditions, Dallas Fed services activity, May FHFA house price index, France July consumer confidence, Q2 total jobseekers
Earnings: Visa, Coca-Cola, KLA, Seagate Technology, Boeing, Rio Tinto, Safran, Unilever, Corning, Air Liquide, S&P Global, GSK, UPS, Barclays, EssilorLuxottica, Sherwin-Williams, Mondelez, American Tower, Royal Caribbean Cruises, Ecolab, Hilton, NXP Semiconductors, Teradyne, Ford, Orange, Mercedes-Benz, Kering, Centene, Sika
Auctions: US 7-yr Notes ($44bn)
Wednesday July 29

Data: UK June net consumer credit, M4, Germany June import price index, Italy May industrial sales, Australia June CPI, Sweden Q2 GDP indicator
Central banks: Fed’s decision, BoC summary of deliberations 
Earnings: Microsoft, Meta, SK hynix, Lam Research, Procter & Gamble, ARM, L’Oreal, Hermes, Amphenol, Airbus, Qualcomm, UBS, Hitachi, Advantest, Intesa Sanpaolo, Starbucks, Vertiv, Fortinet, CaixaBank, Equinix, Vinci, Eni, Aon, Standard Chartered, Public Storage, Danone, BASF, Porsche, Humana, GE HealthCare Technologies, Telecom Italia
Auctions: US 2-yr FRN ($30bn)
Thursday July 30

Data: US June PCE, personal income, spending, Q2 GDP, initial jobless claims, Japan July consumer confidence index, Germany Q2 GDP, July CPI, France Q2 GDP, private sector payrolls, June consumer spending, Italy Q2 GDP, June unemployment rate, PPI, Eurozone July economic, industrial, services confidence, Q2 GDP, June unemployment rate
Central banks: BoE’s decision
Earnings: Apple, Amazon, Samsung Electronics, Mastercard, Shell, Tokyo Electron, Schneider Electric, AB InBev, Rolls-Royce, BBVA, British American Tobacco, Bristol-Myers Squibb, Altria, Stryker, Enel, Sanofi, ING Groep, Lloyds Banking, KKR, BAE, Cigna, Monolithic Power Systems, Regeneron, CRH, Societe Generale, Ferrari, Vale, LSEG, Anglo American, adidas, Leonardo, Reddit, DSM-Firmenich, MTU Aero Engines, Capgemini, Stellantis
Friday July 31

Data: US Q2 employment cost index, July MNI Chicago PMI, China July official PMIs, UK July Lloyds Business Barometer, Japan July Tokyo CPI, June jobless rate, job-to-applicant ratio, retail sales, industrial production, housing starts, Germany July unemployment claims rate, France July CPI, June PPI, Italy July CPI, consumer confidence index, economic sentiment, manufacturing confidence, Eurozone July CPI, Canada May GDP
Central banks: BoJ’s decision
Earnings: ExxonMobil, AbbVie, Chevron, Linde, Eaton, Sony, AXA, Engie, NatWest, Credit Agricole, Holcim, Siemens Healthineers, FANUC, Ares
* * *

Finally, looking at just the US, the key economic data releases this week are the advance release of Q2 GDP and core PCE inflation on Thursday. The July FOMC meeting is on Wednesday. The post-meeting statement will be released at 2:00 PM ET, followed by Chairman Warsh’s press conference at 2:30 PM.

Monday, July 27 

08:30 AM Durable goods orders, June preliminary (GS +1.0%, consensus +1.8%, last -4.5%); Durable goods orders ex-transportation, June preliminary (GS +0.6%, consensus +0.8%, last +1.4%); Core capital goods orders, June preliminary (GS +0.6%, consensus +0.8%, last +1.4%); Core capital goods shipments, June preliminary (GS +0.6%, consensus +0.5%, last +0.1%): We estimate that durable goods orders rebounded 1% in the preliminary June report (month-over-month, seasonally adjusted) based on our tracking of commercial aircraft orders. We forecast a 0.6% increase in core capital goods orders—reflecting the increase in the new orders components in manufacturing surveys in June—and a 0.6% increase in core capital goods shipments—reflecting the continued increase in core capital goods orders in recent months.
Tuesday, July 28 

08:30 AM Advance goods trade balance, June (GS -$95.0bn, consensus -$100.3bn, last -$105.9bn)
08:30 AM Wholesale inventories, June preliminary (last +0.1%)
09:00 AM FHFA house price index, May (last -0.1%)
09:00 AM S&P Case-Shiller home price index, May (GS +0.1%, consensus flat, last flat) 
10:00 AM Conference Board consumer confidence, July (GS 92.0, consensus 92.4, last 91.2)
Wednesday, July 29 

02:00 PM FOMC statement, July 28-29 meeting: As discussed in our FOMC preview, at its July meeting, the FOMC is likely to keep the funds rate unchanged at 3.50-3.75%. The post-meeting statement might acknowledge the upside risks to inflation posed by renewed geopolitical conflict, and there will likely be at least one dissent in favor of a hike. Market pricing implies that investors see the outcome of the July meeting as unusually uncertain, likely because the FOMC has been split recently, Chairman Warsh’s own position remains unclear, and some of the re-escalation with Iran occurred during the blackout period. But most voters appear unlikely to push for a hike this week after the softer June inflation data, the Fed has historically avoided delivering surprise rate hikes, and we suspect that voters might be especially reluctant to do so at a meeting without a Summary of Economic Projections.
Thursday, July 30 

08:30 AM GDP, Q2 advance (GS +2.6%, consensus +2.1%, last +2.1%); Personal consumption, Q2 advance (GS +2.3%, consensus +2.3%, last +0.5%); Core PCE inflation, Q2 advance (GS +3.46%, consensus +3.5%, last +4.4%); We estimate that GDP rose 2.6% annualized in the advance reading for Q2, following a +2.1% annualized increase in Q1. Our forecast reflects a rebound in consumption growth (+2.3%, quarter-over-quarter annualized, vs. +0.5% in Q1) and another quarter of strong business fixed investment growth (+8.8% vs. +10.6% in Q1) driven by strong equipment investment growth (+17.1%). We expect net exports to contribute -1.3pp to Q2 GDP growth. We estimate that domestic final sales rose +2.6% in Q2. We estimate that the core PCE price index increased 3.46% annualized (or 3.35% year-over-year) in Q2.
08:30 AM Personal income, June (GS +0.4%, consensus +0.3%, last +0.7%); Personal spending, June (GS +0.6%, consensus +0.4%, last +0.7%); Core PCE price index, June (GS +0.18%, consensus +0.2%, last +0.3%); Core PCE price index (YoY), June (GS +3.32%, consensus +3.3%, last +3.4%); PCE price index, June (GS -0.07%, consensus -0.1%, last +0.4%); PCE price index (YoY), June (GS +3.70%, consensus +3.7%, last +4.1%): We estimate that personal income and spending increased by 0.4% and 0.6%, respectively, in June. We estimate that the core PCE price index rose 0.18% in June, corresponding to a year-over-year rate of +3.32%. Additionally, we expect that the headline PCE price index declined 0.07% in June and increased 3.70% from a year earlier.
08:30 AM Initial jobless claims, week ended July 25 (GS 205k, consensus 200k, last 187k): Continuing jobless claims, week ended July 18 (consensus 1,803k, last 1,796k)
Friday, July 31 

08:30 AM Employment cost index, Q2 (GS +0.8%, consensus +0.8%, last +0.9%): We estimate the employment cost index rose by 0.8% in Q2 (quarter-over-quarter, seasonally adjusted). Our forecast would result in a 0.2pp decline in the year-on-year rate to 3.2% (year-over-year, not seasonally adjusted), which would mark the slowest pace of yearly wage growth since 2021Q2. Our forecast reflects slower ECI benefit growth after start-of-the-year benefit resets likely boosted growth in Q1 and a 0.8% quarterly pace of wage and salary growth—reflecting the signals from the Atlanta Fed’s wage tracker and average hourly earnings.
10:00 AM University of Michigan consumer sentiment, July final (GS 54.0, consensus 54.0, last 54.4); University of Michigan 5-10-year inflation expectations, July final (GS 3.3%, last 3.3%)
Source: DB, Goldman

Tyler Durden
Mon, 07/27/2026 – 10:35

Connecticut’s Solnit Psychiatric Money Pit: The DCF Mental Institution Beast Wants More Money
Republished with permission from AbleChild.
AbleChild Site Visit to CT DCF Mental Institution two year ago VIDEO
On July 21, 2026, Department of Children and Families (DCF) employees stood on the lawn of the Albert J. Solnit Children’s Center in Middletown asking Connecticut lawmakers for at least $20 million in new taxpayer funding, along with another $3 million every year to improve the facility.
As officials pleaded for more money, the condition of the state-owned psychiatric campus told a different story. Looking across the deteriorating property, taxpayers should be asking one simple question: Where has all mental health and behavioral health money gone?
Looking back over the past fourteen years, AbleChild has consistently investigated, testified, submitted recommendations, filed public inquiries, and exposed the psychiatric drugging of children in Connecticut’s state care, including sharing Medicaid psychiatric prescribing data patterns with behavioral health oversight committee members. Throughout that time, AbleChild has repeatedly urged state officials to replace a failed institutional psychiatric model with approaches that emphasize education, life skills, family and community support, and accountability.  Today, despite AbleChild’s warnings and repeated calls for reform, the state has ignored the call for human rights and is once again asking taxpayers for millions more.
A state that routinely inspects private properties should first explain whether one of its own psychiatric facilities has been held to the same standards it expects of everyone else. If millions of taxpayer dollars have already been invested in the Solnit Center, why does the property appear to be in such a state of decline?
Before lawmakers approve another appropriation, they should ask an even more important question: Why should taxpayers invest another $23 million in a system that AbleChild warned was failing fourteen years ago?
AbleChild first raised that warning in 2012 after touring the children’s psychiatric unit at Riverview Hospital. What our nonprofit witnessed was deeply disturbing. Children were confined in locked rooms with curtains covering the windows, hidden from public view. The conditions reflected an institutional model built on isolation, confinement, and psychiatric intervention rather than providing the kind of care Connecticut’s most vulnerable children deserved.
Following that inspection, AbleChild testified before the Connecticut General Assembly, urging lawmakers to shut down the children’s psychiatric program instead of continuing to pour taxpayer dollars into a failing system. AbleChild also provided ABC News’ Diane Sawyer with information concerning the psychiatric drugging of children in Connecticut’s care, helping bring national attention to practices that had received far too little public scrutiny.
Connecticut’s response was to ignore any reform of the program.  Instead, it changed its name.  The children’s psychiatric facility became the Albert J. Solnit Children’s Center, honoring Yale child psychiatrist Dr. Albert J. Solnit. But changing the name on the building did not change the system.
More than a decade later, AbleChild returned to the campus. What AbleChild found was alarming. Instead of a modern therapeutic environment, the property appeared neglected and deteriorated. Years of taxpayer funding had not produced a campus that reflected healing, safety, or responsible stewardship of public resources. AbleChild raised the same questions: why should the taxpayers continue to trust the behavioral health providers?
Connecticut’s own auditors provide part of the answer. The Department of Children and Families (DCF) has repeatedly failed to properly account for taxpayer-funded property. According to the most recent audit, the agency could not account for nearly $262,000 in state-owned assets, failed to complete required inventories, and maintained inaccurate property records. Even more troubling, auditors found that similar deficiencies have been cited for more than twenty years, demonstrating a pattern of recurring management failures rather than isolated mistakes.
DCF is responsible for more than $274 million in state property and equipment. If the agency cannot accurately account for taxpayer-funded assets or correct problems that auditors have identified decade after decade, taxpayers have every reason to question why the answer is always additional funding.
The Solnit Center has become a symbol of a larger problem. Every few years, Connecticut taxpayers hear the same explanation: the buildings are old, staffing is difficult, and more funding is needed. Yet the same complaints continue while facilities deteriorate, audit findings repeat themselves, and meaningful reform never seems to arrive.
At some point, taxpayers deserve accountability. Children in state care deserve excellent schools, vocational education, apprenticeships, mentoring, life-skills training, recreational opportunities, stable family and community support, and programs that prepare them for adulthood. They deserve every opportunity to build independent, productive lives.
The population also deserve protection from unnecessary exposure to powerful psychiatric drugs. Many psychiatric medications prescribed to children—including several antidepressants—carry FDA boxed warnings about an increased risk of suicidal thoughts and behaviors in children, adolescents, and young adults.
Those warnings should compel the state to provide children with exit ramps to these cocktails of psychiatric drugs or at the very least to use these drugs cautiously, with rigorous oversight, informed consent, and continuous evaluation of safer and more effective alternatives.
Connecticut should open its child welfare system to educators, vocational trainers, mentors, nonprofit organizations, faith-based charities, community groups, and other providers outside the traditional behavioral health industry. Public dollars should follow programs that produce measurable results—educational achievement, employment, independent living, family stability, and successful transitions into adulthood.
For too long, the behavioral health system has largely measured success by services delivered and dollars spent, while taxpayers are given little evidence that children leave the system healthier, more independent, or better prepared for life.
The Solnit Center has had decades to prove its value. Before lawmakers approve another $23 million, they should answer one question that every Connecticut taxpayer deserves to hear: What has all that money bought?
If the answer is deteriorating buildings, repeated audit findings, continued dependence on psychiatric drugs, and another request for millions more, then Connecticut should stop investing in a failed institutional model and start investing in the futures of the children it has a duty to protect.
AbleChild is a 501(3) C nonprofit organization that has recently co-written landmark legislation in Tennessee, setting a national precedent for transparency and accountability in the intersection of mental health, pharmaceutical practices, and public safety.
What you can do.  Sign the Petition calling for federal hearings!
Donate! Every dollar you give is a powerful statement, a resounding declaration that the struggles of these families will no longer be ignored. Your generosity today will echo through generations, ensuring that the rights and well-being of children are fiercely guarded. Don’t let another family navigate this journey alone. Donate now and join us in creating a world where every child’s mind is nurtured, respected, and given the opportunity to thrive.  As a 501(c)3 organization, your donation to AbleChild is not only an investment in the well-being of vulnerable children but also a tax-deductible contribution to a cause that transcends individual lives.

The post ABLECHILD: Connecticut’s Solnit Psychiatric Money Pit: The DCF Mental Institution Beast Wants More Money appeared first on The Gateway Pundit.

The Bite of Seattle shooter was arrested by police following the shooting that left three people dead.
Three people were killed and four others, including a child, were injured after a gang related shooting at the Bite of Seattle food festival on Sunday evening.
Multiple people were killed and several injured in a shooting at the Bite of Seattle food festival at the Seattle Center in Washington state on Sunday evening.
“The Bite of Seattle is the city’s annual food festival, celebrating 40 years of community, culture, and cuisine this year,” the Seattle Center says on its website.
“The event, hosted at the Seattle Center, features over 300+ vendors, beer and wine gardens, cider tastings, local artisans, and over 65+ musical performers,” the Seattle Center said.
Four people were wounded in the shooting.
One person was arrested at the scene.
A two-year-old boy remains hospitalized.

UPDATE: 3 now dead after a shooting at Seattle Center during the annual ‘Bite of Seattle’ festival.
-SPD says 2 people were shooting at each other.-4 people were treated and released at the hospital-2 year old boy remains at Harborview-2 guns recovered at the scene-1 ‘young… https://t.co/j8YkM1w14Q
— Jake Whittenberg (@jwhittenbergK5) July 27, 2026

The press conference was delayed for five hours so that local “dignitaries” could participate.

UPDATE: 3 now dead after a shooting at Seattle Center during the annual ‘Bite of Seattle’ festival.
-SPD says 2 people were shooting at each other.-4 people were treated and released at the hospital-2 year old boy remains at Harborview-2 guns recovered at the scene-1 ‘young… https://t.co/j8YkM1w14Q
— Jake Whittenberg (@jwhittenbergK5) July 27, 2026

One suspect is in custody.

Update: Person Detained in Seattle Festival Shooting
New photos are circulating that appear to show a young person being taken into custody by Seattle police following yesterday’s deadly shooting at the Bite of Seattle festival.
Police have confirmed that one suspect is in… https://t.co/2sEVWnJDOh pic.twitter.com/KAgMpt5kIo
— Paul A. Szypula (@Bubblebathgirl) July 27, 2026

There was lax security at the festival this year.

A creator named LEEBO posted a video complaining about security at the Bite of Seattle festival: – Limited security– There was no pat down– No search of bags– No security walking aroundHE POSTED THIS VIDEO YESTERDAY… wow https://t.co/z8nM9n2Jv7 pic.twitter.com/K16hVptyKc
— The Undercurrent (@NotTheirScript) July 27, 2026

The police chief was out of town again.

SEATTLE CENTER PRESSER: Sadly, three people have been shot and killed. Multiple people injured including a toddler. They are expected to survive. One person is in custody and being questioned about the shooting. Another suspect is on the run.The “dignitaries” were Governor Bob… https://t.co/NHdlUcsfag pic.twitter.com/dhHjALiDr0
— Jonathan Choe (@choeshow) July 27, 2026

The post Update: Three People Killed, Four Are Injured Including Child After Gang-Related Shooting at Bite of Seattle Food Festival appeared first on The Gateway Pundit.

Massive Relax

By Benjamin Picton, Senior Macro Strategist at Rabobank

Oil futures are being offered this morning after President Trump on Friday declined to continue strikes on Iran. The ‘pause’ was extended over the weekend and reciprocated by the Iranians, marking the first ‘cease’ of the ceasefire in almost a fortnight.

According to Axios, Donald Trump’s advisors had provided the President with attack plans for the day but CENTCOM commander Admiral Brad Cooper reportedly advised against further strikes, arguing that Iran’s ability to disrupt shipping in the Strait of Hormuz had already been substantially degraded and that the aerial campaign had reached the limits of its effectiveness.

In a similar vein, the New York Times published a report over the weekend revealing that General Dan Caine, Chairman of the Joint Chiefs of Staff, had cautioned the President that further escalation was possible but that it would dangerously deplete CENTCOM’s stock of interceptor missiles. This would expose the nineteen-odd US bases across the Middle East to even greater damage than they have already sustained, to say nothing of the infrastructure of GCC allies and the strain on the US’s defence priorities in the Pacific and elsewhere. President Trump denied the reports, telling the Wall Street Journal “we have far more [interceptors] than we need.”

In a further hopeful sign, an Omani team of negotiators has reportedly met with counterparts in Tehran to discuss arrangements to re-open the Strait of Hormuz. Iranian foreign ministry spokesman Baqaei said that the talks had been “useful” and that progress had been made, but that there was no change in the status of the strait at this point. It also remains to be seen whether any agreement reached between Iran and Oman would be accepted by the United States.

Nevertheless, President Trump’s threats of ‘massive attack’ late last week that saw Brent crude surge above $100/bbl, higher bond yields, and equities under pressure has now given way to a massive relax, with Brent below $92/bbl, equity futures pointing higher and sovereign yields lower across the board.

Though it hardly bears noting, at this point it would behove us to caution that the war is not over and that we certainly are not out of the woods from either an energy security or financial markets perspective. 

To illustrate this point, the Wall Street Journal carried a story over the weekend regarding the escalating tit-for-tat between the Saudis and the Houthis that threatens to conflagrate into all-out war. Houthi attacks on Saudi Aramco infrastructure at the critical port of Yanbu (the Red Sea release valve for Saudi oil exports) over the weekend followed a declaration last week that Saudi Arabia’s Red Sea ports would be subject to a blockade that further threatens to starve energy-poor Asia of vital crude oil flows. For now, China is continuing to play the constructive role of balancing item by holding its crude imports well below the usual levels.

Similarly, Israel was reportedly bracing for escalation over the weekend with the Jerusalem Post noting that public bomb shelters had been re-opened in major cities. Israeli Prime Minister Netanyahu said that the war would continue until the Iranian regime fell or gave up its nuclear ambitions, again highlighting the likelihood that hostilities will remain ongoing until one is forced to concede on the nuclear issue – and likely concede its regional influence in the process.

A further coalescing of an anti-Iranian bloc is also becoming more evident. Al Jazeera reports that Syrian President Al-Sharaa is seeking a security agreement with Israel that will apparently include several other countries and likely include provisions to stem to flow of weapons to Hezbollah in Lebanon. This as Israeli government sources indicate that Israel has dramatically stepped-up its engagement with the GCC since the outbreak of the war, which has perhaps already yielded fruit through the UAE’s decision to leave OPEC and OPEC+. Détente between Gulf states and Israel holds out the prospect of less fragile supply chains in the future, where oil flows West rather than East and Iran loses its leverage over the global economy, but that potential future is riddled with ‘ifs’, and solves none of our near-term problems.

Elsewhere, Iranian Foreign Minister Araghchi accused Ukraine of doing Israel’s bidding after the former struck an Iranian vessel in the Caspian Sea, killing at least one crew member. Ukrainian President Zelensky defended the action by stating that Kyiv was targeting vessels involved in military cargo shipments alongside Russian warships, again raising the prospect of two conflicts merging into one.

While geopolitical considerations will doubtless continue to set the tone this week, the Fed, Bank of England and Bank of Japan will all be meeting to set their respective policy rates. None are expected to raise their rate targets this time around but the inflationary impacts of war, and considerations over how persistent those shocks may prove to be, will surely loom large in their deliberations.

This week will also bring Q2 GDP readings for the United States and the Eurozone, along with Q2 PCE for the former and July CPI for the latter.

Tyler Durden
Mon, 07/27/2026 – 10:20

Entries from early 2020 in a now-exposed personal diary kept by Dr. Anthony Fauci during the COVID-19 pandemic show that he privately estimated the death rate from the illness was significantly lower than what he told Congress under oath only weeks later.Fauci, 85, has come under intense scrutiny for years regarding his approach leading the U.S. response to the coronavirus pandemic, and his alleged links to the Chinese lab where the virus originated. He will return to Capitol Hill on Wednesday before the Senate Homeland Security and Governmental Affairs Committee to speak about his newly publicized personal records.”The stated mortality over all of this when you look at all the data including China is about three percent. It first started off as two and three,” Fauci said in testimony before the House Oversight Committee on March 11, 2020, according to a transcript of the hearing.LEGACY MEDIA IGNORES MASSIVE ANTHONY FAUCI DOCUMENT RELEASE ALLEGING HE MISLED CONGRESS ON COVID ORIGINSDuring the hearing just weeks into the virus reaching the U.S., he was asked by Rep. Michael Cloud, R-Texas, to compare the mortality from COVID-19 to the mortality of the seasonal flu.”I think if you count all the cases of minimally symptomatic or asymptomatic infection, that probably brings the mortality rate down to somewhere around one percent, which means it is 10 times more lethal than the seasonal flu,” Fauci continued. “I think that is something that people can get their arms around and understand.”But on Feb. 8, 2020, about a month before that congressional testimony, Fauci expressed privately that he believed the virus’s mortality rate was much lower than what he later told lawmakers.”[Former CDC Director] Tom Frieden called me this AM and we discussed various aspects of the outbreak,” Fauci wrote. “He and I are on the same page in thinking tht [sic] this is acting like a bad influenza in its transmissibility and that the denominator is much greater than 34,867 (above) making the case fatality rate (CFR) more like 0.2-0.3 % rather than 2.0%.”FAUCI’S NEWLY RELEASED COVID DIARIES REVEAL BIZARRE FIXATION ON FAME AS PANDEMIC DEATHS MOUNTEDAt that time, Fauci had counted 34,687 cases of the virus, and 724 fatalities, according to his diary, which equals just over 0.2%.Fauci was the director of the National Institute of Allergy and Infectious Diseases (NIAID) during the pandemic, and first became the face of combatting COVID-19 at the onset of the pandemic during President Donald Trump’s first term, and remained in the role under President Joe Biden until retiring in 2022.The very influential position wasn’t lost on Fauci. His diary entries tracked his rising influence and press appearances, and he meticulously kept track of how he was portrayed.”Big front page article abut me appeared in the Washington Post. Very flattering. The situation with my national and international fame is explosive and really unimaginable,” he wrote in a diary entry on May 21, 2020.”It is not hyoperbole [sic] to say that today I am the most famous and talked about person in the country and one of the most recognizable peson in the world,” he continued.INSIDE FAUCI’S PRIVATE DIARY: WHAT HE WROTE ABOUT TRUMP, TV PERSONALITIES AND CELEBRITIESFauci noted that he was developing a “very unique and interesting relationship” with Trump.His diary is adorned with screenshots of headlines that mentioned him, including a New York Times story from March 2020 titled, “Not His First Pandemic, Dr. Anthony Fauci Sticks to the Facts.”He referenced another Washington Post article in his diary on Aug. 8, 2020, titled, “As Fauci battles the pandemic and politics, his grateful neighbors celebrate him as a hero.”Fox News Digital reached out to Georgetown University and the Georgetown University Department of Public Health, where Fauci serves as a distinguished professor at the university’s school of medicine, seeking comment on the journal entries versus public statements.Fox News Digital also reached out to Paul’s office but did not hear back by time of publication.