I will be joining David Asman, David Asman, in studio on Fox Business today at 12:00 PM ET. Discussing Nvidia's largest daily drop in market cap and Intel's collapse. Also providing updates on what we at The Kobeissi Letter think is coming next. Tune in LIVE at 12:00 PM ET!

BREAKING: Food prices in the US reached a new all-time high in July. Over the last decade, food prices at home and away from home are now up 30% and 51%, respectively. Since 2020, food prices at home have increased 22% and food prices away from home are up 27%. At the same

BREAKING: Donald Trump is now leading Kamala Harris by 5 percentage points in 2024 election odds, according to Polymarket's prediction markets. Just one month ago, Harris was leading Trump by 10 percentage points on the same platform. The election is 2 months out.

Another sign of weakening consumer spending: US travel spending declined by 1.1% year-over-year through mid-August, according to Bank of America. Travel spending per household has also been below total spending since the beginning of this year. US consumers' travel demand has

A large downward revision may be coming in US GDP data: The difference between Real GDP and real Gross Domestic Income reached a record $616 billion. GDI measures earnings by all participants of the economy while GDP measures the value of total economic output. Historically,

BREAKING: August private payrolls in the US rose by 99,000, well below expectations of 144,000. This marks the smallest gain since 2021. What is happening to the labor market?

BREAKING: The US labor force participation rate is set to decline to 61.2% over the next decade, according to the BLS. This would mark the lowest percentage since the 2020 pandemic and the second lowest in ~50 years. These expectations are driven by the aging population and

Looking forward to joining Charles Payne, Charles V Payne, in studio today on Fox Business at 2:15 PM ET. Lots to discuss ahead of a big jobs report tomorrow and as market volatility has accelerated. Should you still be buying the dips? Tune in LIVE at 2:15 PM ET to hear my take!

This is remarkable: Aerospace & defense stocks have outperformed the S&P 500 index by ~20% per year on average over the last 35 years. Defense stocks have returned 12% per annum beating the S&P 500's average annual gain of 10%. Aerospace & defense companies are benefiting from

This is insane: Interest expense on US Federal debt is now at a record $3 billion PER DAY. This is TRIPLE the amount paid 10 years ago and has DOUBLED in just 2.5 years. Total annual interest costs on Federal debt reached a whopping $1.1 trillion in Q2 2024. Even if the Fed

We’ve said it before and we will say it again. The US government needs lower interest rates more than anyone. Interest has literally become one of the largest annual expenses for the US in a matter of years. Follow us The Kobeissi Letter for real time analysis as this develops.