Baltic Dry Index. 2018 + 15 Brent Crude 69.67
Spot
Gold 3363 U S 2
Year Yield 3.69 -0.25
US
Federal Debt. 37.179 trillion
US
GDP 30.174 trillion
What
the horrors of war are, no one can imagine. They are not wounds and blood and
fever, spotted and low, or dysentery, chronic and acute, cold and heat and
famine. They are intoxication, drunken brutality, demoralization and disorder
on the part of the inferior... jealousies, meanness, indifference, selfish
brutality on the part of the superior.
Florence Nightingale
We open with more on
Israel’s Gaza “disgrace to humanity”. Is there no one left in the Israeli
government or US government with a shred of decency, pity, or mercy?
Hunger
in Gaza reaches ‘tipping point’ under Israel’s offensive as children face
lifelong impacts of malnutrition
Published
Thu, Jul 31 2025 7:43 AM EDT
The hunger
crisis in Gaza under Israel’s
assault has
reached a “tipping point,” experts and advocates tell NBC News, with deaths
expected to soar if Palestinians do not get urgent relief.
And
many children who do survive malnutrition will face lifelong consequences, they
warn.
The
“window to prevent mass death is rapidly closing, and for many it’s already too
late,” said Kiryn Lanning, senior director of emergencies of the International
Rescue Committee (IRC), a U.S.-based humanitarian organization. The World
Health Organization warned that the “health and well-being of an entire future
generation” was at stake.
Doctors
and aid workers inside Gaza, themselves overworked and underfed, have been
warning for months about the critical lack of food and the spiraling cost of
the little that was available due to Israel’s offensive and crippling aid
restrictions. They say that their worst fears are coming to pass.
“We
are now facing a massive health disaster,” Dr. Ahed Jabr Khalaf, a pediatrician
and intensive care specialist at Nasser Hospital in Khan Younis, told NBC News’
crew on the ground. He said Wednesday that several more children had died from
malnutrition that day alone.
The
warnings came as the world’s leading body on hunger, the Integrated
Food Security Phase Classification, or IPC, sounded the alarm that the
“worst-case scenario of famine” was now unfolding in the Palestinian enclave
under Israel’s deadly military offensive and crippling aid restrictions.
A
‘tipping point’ ?
International
outrage has
grown as scenes show starvation
spreading through the enclave, with dozens dying from malnutrition in
recent weeks and people collapsing in the dirt. In the face of this mounting
pressure the Israeli military began
limited pauses in fighting to allow more supplies in — but aid officials
have warned this is still far from enough.
It
feels like the crisis may have already reached a “tipping point,” said Jeremy
Konyndyk, president of Refugees International.
“Day
after day, there are reports of multiple deaths from starvation,” said
Konyndyk, an official with the U.S. Agency for International Development during
the Obama and Biden administrations. “That is new, and that
suggests that the population has now reached a point of vulnerability and
deprivation,” he said in a phone interview Monday before the IPC’s report was
released.
“And
when you start to see that in small numbers, that tells you that bigger numbers
are coming.”
----“We
know from pretty much every past famine, that the data always takes time to
catch up to the reality on the ground,” Konyndyk said, noting the particular
difficulties in accessing data given Israeli restrictions on access to Gaza.
“The
situation has reached a critical inflection point,” agreed Emily Keats, an
assistant scientist in international health at the Johns Hopkins Bloomberg
School of Public Health in Baltimore. She said that it would only “continue to
worsen unless the population is able to safely access food and adequate health
services.”
Israeli
Prime Minister Benjamin Netanyahu’s office said Tuesday following the IPC’s
alert that the situation in Gaza was “difficult” but claimed Hamas had
benefited from “attempting to fuel the perception of a humanitarian crisis.”
More
In stock casino, US
jobs news. Trump’s bizarre economic policies are now starting to reap what he
sowed.
Dow
closes 500 points lower Friday as weak jobs data and new tariffs incite
sell-off: Live updates
Updated
Fri, Aug 1 2025 4:49 PM EDT
Stocks
tumbled on Friday to kick off August trading as investors weighed stark signs
of a weakening economy and
President Donald Trump’s modified tariff rates.
The Dow Jones Industrial Average dropped
542.40 points, or 1.23%, closing at 43,588.58 and notching its worst decline
since June 13. The S&P 500 shed
1.60% to end at 6,238.01 and post its worst day since May 21, while the Nasdaq Composite dipped
2.24% and settled at 20,650.13 for its biggest slide since April 21.
The July jobs
report showed nonfarm payrolls expanded by 73,000 last month, well
beneath the consensus estimate from economists polled by Dow Jones that called
for a 100,000 increase to payrolls. Prior months were significantly revised
down. June job growth totaled just 14,000, down from 147,000. The May count
came down to 19,000 from 125,000, signaling the labor market has been weakening
for a while now.
Bank
stocks were sharply lower on fears that a slowing economy could hit loan
growth. Shares of JPMorgan
Chase pulled back more than 2%, while Bank of America and Wells Fargo fell more than 3%
each. GE Aerospace and Caterpillar dipped nearly 1%
and 2%, respectively.
“What
we’re seeing is concern about growth that comes at a time when market multiples
have become quite elevated,” said Thierry Wizman, global FX and rates
strategist at Macquarie Group. “It’s also indicative of a late summer growth
scare, but you can layer that a little bit with that the idea that the doves on
the FOMC ended up being correct, which lends to the idea that the Fed is late.”
The
numbers increased the odds that the Fed could act sooner than expected to cut
rates and prop up the economy. Traders place the likelihood of a September rate
cut at roughly 86% after the jobs figures, according to CME fed futures trading. That’s a reversal from Wednesday,
when the odds plummeted after Fed Chair Jerome Powell signaled the central bank
needs to wait and evaluate the impact of tariffs on inflation before cutting.
Trump’s
overnight rollout of updated duties that ranged from 10% to 41% also weighed on
sentiment. Goods that have been transshipped in a bid to avoid the tariffs will
face another 40% levy, according to the White House.
Canada,
one of the U.S.’s biggest trading partners, will now face a 35% levy. That’s up
from 25%.
“Traders
are locking in gains as tech earnings fade, macro risks grow, and seasonality
turns negative. Breadth is narrowing, valuations are stretched, and defensive
positioning is quietly building,” said Joseph Cusick, portfolio specialist at
Calamos Investments.
A
sell-off in tech giants also weighed on the major averages Friday. Shares
of Amazon tumbled
more than 8% after the e-commerce giant provided light
operating income guidance for the current quarter. Apple stock slipped 2.5%.
The
major averages also suffered a losing week, with the S&P 500 dropping 2.4%
for its worst weekly performance since May 23, and the Dow tumbling 2.9% to
post its worst week since April 4. The Nasdaq lost 2.2% in the period.
Stock
market news for Aug. 1, 2025
US
economy adds just 73,000 jobs, far below expectations as Trump unveils global
tariffs
1 August 2025
The US economy added only 73,000 jobs in July,
significantly below expectations as President Donald Trump resumes his global tariffs.
The Bureau of Labor Statistics released on Friday
its report, which showed that the unemployment rate of 4.2 percent changed
little.
The day before, Trump had announced a series of new tariffs after he had said that Friday would be the drop-dead date for them
to resume.
In another significant, development, the bureau also
downwardly revised the number of jobs added in May from 144,000 jobs to only
19,000 while it revised the number of jobs added in June from 147,000 to
14,000.
The health care sector saw the biggest number of job
increases, accounting for 55,000 of the 73,000 jobs added, while social
assistance jobs rose by 18,000.
US economy adds just 73,000 jobs, far below expectations as Trump unveils
global tariffs
Trade
War Turmoil, Rising Unemployment Send Markets Diving
August 1, 2025 at 11:50 PM GMT+1
For anyone who was around on “Liberation Day” in
April, market reaction to US President Donald Trump’s overnight tariff
fusillade—replete with new levies, new targets and new
delays—was predictable. But it wasn’t just Trump’s latest spray of trade
threats that sent markets
diving to their lowest point in months.
As Trump’s initial 90-day self-imposed delay of
“reciprocal” tariffs comes to an end, and in the aftermath of gross
domestic product data
showing the economy slowing, there was fresh bad news for the president on
Friday. Grim employment numbers released by the Bureau of Labor Statistics
(BLS) appeared to hammer another nail into the coffin of what had been a few
years of record US employment.
The
jobless rate rose to 4.2% last month, with nonfarm
payrolls increasing by 73,000, less than almost all economists had
forecast. But the damage wasn’t limited to July. The
big story was revisions to the prior two months, which lopped off
258,000 jobs. Taken together, the numbers entirely change the tone of
recent trends. The average three-month payroll gain went
from 150,000 before Friday’s release to just 35,000.
Trade
War Turmoil, Rising Unemployment Send Markets Diving: Evening Briefing -
Bloomberg
US
employers slash hiring as Trump advances a punishing trade agenda
Updated 10:25 PM GMT+1, August 1, 2025
WASHINGTON (AP) — U.S. hiring is slowing sharply as President Donald
Trump’s erratic
and radical trade policies paralyze businesses and raise doubts about
the outlook for the world’s largest economy.
U.S. employers added just 73,000 jobs last month,
the Labor Department reported Friday, well short of the 115,000 expected.
Worse, revisions shaved a stunning 258,000 jobs off
May and June payrolls. And the unemployment rate ticked higher to 4.2% as
Americans dropped out of the labor force and the ranks of the unemployed rose
by 221,000.
“A notable deterioration in U.S. labor market
conditions appears to be underway,’' said Scott Anderson, chief U.S. economist
at BMO Capital Markets. ”We have been forecasting this since the tariff and
trade war erupted this spring and more restrictive immigration restrictions
were put in place. Overall, this report highlights the risk of a harder landing
for the labor market.’'
Economists have been warning that the rift with
every U.S. trading partner will begin to appear this summer and the Friday jobs
report appeared to sound the bell.
“We’re finally in the eye of the hurricane,” said
Daniel Zhao, chief economist at Glassdoor. “After months of warning signs, the
July jobs report confirms that the slowdown isn’t just approaching—it’s here.”
U.S. markets recoiled at the jobs report and the Dow
tumbled more than 600 points Friday.
But President Donald Trump responded to the weak
report by calling
for the firing of Erika McEntarfer, the director of the Labor
Department’s Bureau of Labor Statistics, which compiles the jobs numbers. “I
have directed my Team to fire this Biden Political Appointee, IMMEDIATELY,”
Trump said on Truth Social. “She will be replaced with someone much more
competent and qualified.”
Trump questioned the big revisions, but they are a
standard part of the monthly jobs report. The Labor Department revises its
numbers as more data comes in. Particularly since COVID-19, businesses have
taken longer to respond to the government’s survey on hiring. As more data has
come in later than in the past, the potential for large revisions has
increased.
Revelations in the new data raise questions about
the health of the job market and the economy as Trump pushes forward an
unorthodox overhaul
of American trade policy.
Trump has discarded decades of U.S. efforts to lower
trade barriers globally, instead, imposing hefty import taxes — tariffs — on
products from almost every country on earth. Trump believes the levies will
bring manufacturing back to America and raise money to pay for the massive tax
cuts he signed into law July 4.
Mainstream economists warned that the cost of the
tariffs will be passed along to Americans, both businesses and households.
Walmart, Procter
& Gamble, Ford, Best Buy, Adidas, Nike, Mattel, Shein, Temu, Stanley
Black & Decker, have all hiked prices due to U.S. tariffs. Economists at
Goldman Sachs estimate that overseas exporters have absorbed just one-fifth of
the rising costs from tariffs, while Americans and U.S. businesses have picked
up the lion’s share of the tab.
Trump has sowed uncertainty in the erratic way he’s
rolled the tariffs out — announcing, then suspending them, then coming up with
new ones. Overnight, Trump signed an executive order that set
new tariffs on a wide swath of U.S. trading partners to that go into
effect on Aug. 7, and that comes after a flurry of unexpected tariff-related
actions this week.
“There was a clear, significant, immediate, tariff
effect on the labor market and employment growth essentially stalled, as we
were dealing with so much uncertainty about the outlook for the economy and for
tariffs,” said Blerina Uruci, chief U.S. economist for the brokerage T. Rowe
Price.
More
US
hiring grows more faint in chaotic economic environment | AP News
Global
Inflation/Stagflation/Recession Watch.
Given our Magic Money
Tree central banksters and our spendthrift politicians, inflation/recession now needs an entire
section of its own.
Highest US Tariffs Since WWII Set to Cut Growth,
Boost Inflation
August 1, 2025
(Bloomberg) -- President
Donald Trump’s reciprocal levies will likely weigh on economic growth and push
up prices while hammering the global economy, according to Bloomberg
Economics.
The tariffs announced Friday, which run from 10% to
41% and mark the highest rates since World War II, would increase the average
US duty to 15.2% from 2.3% in 2024, according to analysis by Maeva Cousin,
chief trade economist at BE.
That would cut US GDP by
1.8% and boost core prices by 1.1% over two to three years, the analysis
showed. Globally, the higher import taxes are set to sap demand across trading
partner economies.
The figures could change,
though, depending on how much companies are willing to absorb in their profit
margins and what they pass on to consumers.
The estimate also depends
on the tariffs being implemented as announced and deals on car levies with the
EU, Japan and South Korea sticking. It also doesn’t include any potential deal
with China, which is still negotiating with the White House. There are also
sectoral tariffs that are still being considered by US officials that could
sway the impact.
“The tariffs will deliver
a major blow to global GDP,” Cousin wrote in a Friday research note. “For many
US trading partners, the higher tariffs create downside risks to demand — which
will weigh on both activity and inflation.”
The biggest losers are
China, which is still subject to a number of tariffs including a 20% level tied
to fentanyl, and Switzerland, where the reciprocal tariff rate shot up to 39% —
even higher than the April 2 level, Cousin said.
There is a silver lining:
The seven-day window before the new charges are implemented gives some
countries room to further negotiate their tariff levels down.
Highest US Tariffs Since WWII Set to Cut
Growth, Boost Inflation
Euro zone inflation holds steady at
higher-than-expected 2% in July
August 1, 2025
Euro zone inflation was
unchanged at a higher-than-expected 2% in July, flash data from statistics
agency Eurostat showed Friday.
Economists polled by
Reuters had expected the figure to hit 1.9%, after a 2% reading in June.
So-called core inflation,
which strips out more volatile food, energy, alcohol and tobacco prices, came
in at 2.3% in July, the same level as during the previous two months, Friday’s
data showed.
The closely watched
services print meanwhile eased to 3.1% in July after picking up slightly to
3.3% in June.
Following the data
release, the yield on Germany’s 10-year bond was more than one basis point
higher, while the French 10-year bond yield was up by less than one basis
point.
The inflation figures
follow on the footsteps of indications earlier this week that showed the euro zone economy expanded by a better-than-expected 0.1%
in the second quarter, which was nevertheless sharply down on the 0.6% growth
of the three months to the end of March.
Analysts interpreted the
data as Europe’s economy so far showing resilience in the face of U.S.
President Donald Trump’s tariff policies. The European Union and Washington
recently inked a trade agreement which includes a 15% baseline levy for EU
goods bound for the U.S. Sectoral tariffs and temporarily reduced so-called
reciprocal duties have already been in play.
Duties are widely
expected to weigh on economic growth, including in the euro zone, and affect
prices of goods for U.S. consumers. Their impact on inflation in Europe remains
uncertain.
Technology
Update.
With events happening
fast in the development of solar power and graphene, I’ve added this section.
Energy giant switches on nation's largest solar plant set to power
over 400,000 homes: 'Energy for years to come'
Thu, July 31, 2025 at 1:00 PM GMT+1
A major step toward more affordable
renewable energy recently occurred in Peru. Zelestra, a Spanish renewable
energy company, has officially switched on the country's largest solar farm.
The solar farm, dubbed the San MartÃn
project, consists of 450,000 solar panels and will generate over 830 GWh of
clean energy annually, powering more than 400,000 homes. To put it in
perspective, a U.S. household uses roughly 10,500 kWh per year, or 0.0105 GWh.
Located in the La Joya district of
Arequipa, Peru, this plant is good news for everyday people because solar
energy can help lower electricity bills in the long run and benefit the
environment. Unlike fossil fuels, the sun's energy is free, so once the panels
are built, the power they produce doesn't depend on buying expensive gas or
coal.
By adding substantial clean power to the
grid, the San MartÃn project can help protect families from rising energy costs
while also maintaining power during major storms.
"By leveraging our global expertise
in engineering, procurement, and construction, we can successfully co-build
tailored solutions that bring projects to life on time and on budget,"
said Zelestra CEO Leo Moreno, per Renewable Energy Magazine. "We are proud to see the most ambitious solar
project in Peru now fully operational, and we look forward to a long-term
partnership with Kallpa in delivering clean, reliable energy for years to
come."
Building and running this solar farm has
already created hundreds of local jobs, and it will continue to provide steady work for
those who maintain and operate it. Additionally, replacing fossil-fuel energy
with solar energy reduces pollution.
This project alone will prevent
over 160,000 tons of
carbon pollution from entering the air each year, according to the report. This
means cleaner air and a healthier environment for the community. In short,
Peru's sunshine just got a whole lot more powerful, and everyone's set to
breathe a little easier because of it.
Next, the
world global debt clock. Nations debts to GDP compared.
World Debt Clocks (usdebtclock.org)
Exponent
Calculator
Enter
values into any two of the input fields to solve for the third.
This
weekend’s music diversion. Padre Antonio
Soler circa 1765 brought up to date. Approx. 10 minutes.
SOLER ANTONIO 1729 1783 Fandango
L'Arpeggiata, Christina PLUHAR
SOLER ANTONIO 1729
1783 Fandango L'Arpeggiata, Christina PLUHAR
In Trump tariff war news. Trump insults 1.4
billion Indians.Approx. 3 minutes.
Trump Escalates Trade War With India? Calls
Bharat 'Dead Economy', Free Pass To Say Anything?
Trump Escalates
Trade War With India? Calls Bharat 'Dead Economy', Free Pass To Say Anything?
Finally, ABUSA. What happened to US tourism. Approx. 13
minutes.
Peak
Summer Season Is Here, But Where Are The Tourists?
Peak Summer Season
Is Here, But Where Are The Tourists? - YouTube
The main reason people struggle financially is because they have
spent years in school but learned nothing about money. The result is that
people learn to work for money...but never learn to have money work for them.
Robert Kiyosaki
