📈 Trump sends Copper Futures Soaring: Trump’s announcement of a 50% tariff on copper casued US Copper future prices to spike by 17%. Meanwhile copper futures in London u-turned, falling ~3%. The result? A nice 20% “free lunch”, as traders exploited the arbitrage opportunity.  

📈 Airlines are finding their Groove: With an estimated 5 billion passengers in 2025 leisure travel is on the up. Yet, the US consumer is cutting back. Delta trimmed its EPS forecast for 2025 by 20%, despite releasing a bumper earnings report on Thursday, sending its stock up by 13%.

📈Crypto Takes the Hill: Congress is holding “Crypto Week” (July 14-18) to vote on major digital asset bills. Of which is the GENIUS Act which would let corporations issue their own stablecoins (tokens backed 1:1 by cash). BTC hit an all-time high amid the news.

📈Tariff Fatigue: Bank of America and Goldman Sachs both raised their year-end forecast for the S&P 500 to 6300 and 6600, respectively. Analysts on Wall Street have stopped believing tariff threats (“TACO”) and they’re no longer taking Trump on face value.

🌎 The Pentagon Enters the Mining Industry: The US Defense Department reached a deal with MP Minerals ($MP) on Thursday - agreeing to acquire 15% of America’s largest rare-earth miner. In response to the government endorsement shares rose 50%.

🌎 Trump Continues to Dislike NA Co-operation: Canadian tariffs are set to rise to 35% (from 25%) and Trump’s eyeing a tariff of 30% for Mexico (where does he get these numbers…) from August 1 due his claims of fentanyl entering the US via Canada and Mexico.

🌎 Chalmers Failed to Charm: Trump’s recent announcement of Copper and Pharmaceutical tariffs 50% and 200%, respectively, shows the US’ lack of care for Aussie interests. Approx 40% of Australian pharmaceuticals end up in the US, a total of A$ 2.2bn.

🌎 Tariffs Go Both Ways: Despite markets not reacting as harshly to tariff threats. Trump’s ‘alleged’ 50% tariff on Brazil has triggered some real pushback as US run a trade surplus with Brazil, meaning American industries stand to lose.

👔 Messaging App for the People: Twitter co-founder Jack Dorsey just launched a beta version of Bitchat, a new ‘off-grid’ messaging app that runs entirely on Bluetooth. No internet, no phone numbers, and most importantly no data collection.

👔 Kinda Inevitable, tbh: Sources have reveiled to Reuters that OpenAI is planning to launch a search engine to rival Google Chrome in the coming weeks. It is alleged that it will ditch the traditional tabs and search model, and have a ChatGPT-esque interface instead.

👔 The Jort Report: If you’re unaware, Jorts are back in fashion! And, ofc Levi is riding the wave. Levi reported that Q2 sales jumped 6% w/ women’s apparel up 14%. All in all $LEVI jumped 11% on Friday.

👔 AI 🤝 Crypto: AI data center firm CoreWeave ($CRWV ( ▲ 6.21% ) ) said on Monday, it will buy crypto miner Core Scientific ($CORZ ( ▲ 1.48% ) ) in an all-stock deal valued at around USD$9bn. Expected to close this Q4, this rides a wave of crypto-friendly news this month. Crypto bros rejoice!

🤪 New Appeasement Method Dropped: Israeli PM Bejamin Netanyahu and Trump met to discuss a Gaza ceasefire. Not much came of it just yet, but Netanyahu did nominate Donald Trump for the Nobel Peace Prize, citing his efforts towards peace in the Middle East.

🤪 Fascist Chatbot: Grok, Elon’s AI chatbot, has generated antisemitic and offensive responses this week, including calling itself “MechaHitler” and referencing white nationalist rhetoric. xAI has since promised updates to prevent hate speech before publishing.

🤪 Trump’s Next Target — Office snacks: Trump’s recently passed “Big Beautiful Bill” removes office snacks/meal stipends as a tax deduction, meaning that employers will no longer benefit. Will there still be food in the office kitchen? Only time will tell.

🤪 Legoland Shanghai: Legoland just opened its first China resort, and its the biggest on Earth. Towering over vistors is “Dada”, and 85-foot Lego man welcoming guests at the entrace. Tickets run from USD $44 to $84 (😬).