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Oil Surges Past $114 as Hormuz Deadline Collides With Jobs Shock |
Wall Street opens Monday facing a volatile mix. Oil jumped to $114 a barrel after Trump threatened to bomb Iran's power plants and bridges if the Strait of Hormuz isn't reopened by Tuesday evening. The strait carries 20% of global oil — its closure is now the largest supply disruption in oil market history. Meanwhile, traders get their first crack at Friday's jobs data: the U.S. added 178,000 jobs in March, tripling the 59,000 consensus estimate and snapping back from February's 133K decline. But the good news is complicated — labor force participation dropped to its lowest since 2021, wage growth cooled to 3.5%, and futures markets now price a 77.5% chance the Fed stays on hold all year with inflation still running hot. |
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In 1934, the government executed a legal maneuver that transferred billions in wealth overnight. Most Americans had no idea it was coming. A small group who saw it early walked away wealthy. Everyone else paid for it. Trump has the same legal authority today. Advisors close to the administration believe he's considering using it. If he does, the transfer happens fast — and the window to be on the right side of it is already closing. |
We put together a free report on exactly what this move is, why the timing points to now, and the one step ordinary Americans can take to position themselves before it happens. It costs nothing. Takes 30 seconds to request. The people who moved early in 1934 didn't have a warning. You do. |
Send me the free report → |
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Trump Gives Iran Until Tuesday 8PM or "All Hell Will Reign Down" |
Five weeks into the U.S.-Iran war, President Trump issued his most explicit threat yet — an expletive-laden Truth Social post promising to destroy Iran's power plants and bridges if the Strait of Hormuz isn't reopened by Tuesday at 8 PM ET. "Open the Fuckin' Strait, you crazy bastards, or you'll be living in Hell," he wrote. Trump told media there's a "good chance" of a deal Monday but warned he's considering "blowing everything up and taking over the oil" otherwise. Iran dismissed the ultimatum as "helpless, nervous and stupid." The downed U.S. fighter jet's second crew member was successfully rescued from inside Iran over the weekend, marking a rare bright spot. Senator Tim Kaine called the rhetoric "embarrassing and juvenile." |
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Musk Forces Banks Working SpaceX's $1.75T IPO to Buy Grok Subscriptions |
In a move that raised eyebrows across Wall Street, Elon Musk is requiring every bank, law firm, and auditor involved in SpaceX's upcoming IPO to purchase subscriptions to Grok, his AI chatbot. The demand covers heavyweights like Goldman Sachs, JPMorgan, Bank of America, Citigroup, and Morgan Stanley — 21 banks total working the deal codenamed "Project Apex." SpaceX's listing, expected in June, could value the company at $1.75 trillion, making it one of the biggest IPOs in history. The Grok requirement underscores Musk's push to boost his AI business through his sprawling corporate empire, with xAI now folded into SpaceX's structure. |
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