Trucking freight volumes, a signal for the goods economy are a dumpster fire right now (-17% YoY)

Stocks are holding at record highs while gold is slumping below $4,000. Get details and analysis on Bloomberg Surveillance. tom keene Scarlet Fu are LIVE on YouTube right now. youtube.com/live/f39oHo6vF…

28 days and counting. Pressure is mounting, but Henrietta suspects we’ll need to wait until the President returns from Asia and the NJ & VA elections are behind us. Thank you Bloomberg Radio, Paul Sweeney, and Norah Mulinda for having Henrietta Treyz on! youtube.com/watch?v=7e_OUS…

tweet of the day

could have pitched the 19th.

I'm going to nominate this as the most illegible scorecard I've ever scrawled. Had to keep finding places to add innings. Not sure that worked real well. But this is what 18 innings of World Series history looked like! Or something like that

tweet of the day

Honored to illustrate just one of the keys to Sandy Koufax great success. Look at that hand. An amazing person celebrating his 90th next month. Thank you Sandy.

After one month of NHL hockey, the Canadiens are tied for first in the league, Caufield is tied for first in goals scored, Suzuki is in the midst of a 10-game point streak, Dobes remains undefeated, and Demidov leads all rookies in scoring. #GoHabsGo Bonne Nuit.

LA FEINTE Stone Cole'd 🥶 #GoHabsGo

President Trump is making trade deals in Asia. Federal Reserve officials are preparing for today's interest rate decision. Get details on Bloomberg Surveillance. tom keene Paul Sweeney Lisa Mateo are LIVE on YouTube. youtube.com/live/f39oHo6vF…

read what Tyler Kendall reads to brief on the south china sea. still classic: amazon.com/Asias-Cauldron…

tweet of the day, of an era. the intensity of lasser has been replaced by committees. his 'late-night-notes'...we need more of that.

we took a meeting w/ everett. It’s just not feasible.

the fed decides NOW Federal Reserve

Fed’s Miran, Schmid Dissent on Rate Cut: Miran wanted a bigger move; Schmid no cut at all. A history of Fed dissent:

“It tells me that Powell is losing his grip on the Fed,” Bob Michele to Jonathan Ferro and tom keene.

Powell's statement is interesting since 1) core services ex housing inflation (where tariffs have very little impact) is still running hot; 2) core goods prices (where tariffs primarily pinch) are also accelerating; 3) PCE housing is cooling but that's been widely expected.

wow, just wow.

'tenacious' is perfect. I defer to the David Rosenberg method of considering each of 50+ lines of inflation and, disinflation.