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Asian share markets saw cautious gains as investors awaited the implementation of new tariffs, while Bitcoin surged 10% to $92,905 after being included in a proposed US strategic reserve of cryptocurrencies. Concerns over the US economy were heightened by soft data and impending tariffs on Canada, Mexico, and China, raising fears of a recession. The upcoming US payrolls report is critical, with expectations that weak results could prompt the Federal Reserve to cut interest rates multiple times this year.
On Friday, the US 500 tested key support at 5860, briefly dipping to 5837 before rebounding, leaving uncertainty about the market's direction. Despite recession fears, attention shifts to upcoming employment data, with expectations of 150,000 new jobs and a stable unemployment rate at 4%. The US Tech 100 also showed volatility, breaking below its range before recovering, indicating a potential shift in market sentiment.
Elon Musk criticized Ukrainian President Volodymyr Zelensky for prolonging the war with Russia, labeling his decision as "cruel and inhumane." As public confidence in Zelensky declines, some U.S. officials suggest he may need to step down for peace negotiations to progress, while pro-Ukraine demonstrators continue to show their support. The debate over U.S. aid and Zelensky's leadership intensifies amid calls for accountability regarding financial assistance to Ukraine.
Mike Myers made a notable appearance on Saturday Night Live, wearing a T-shirt that read “Canada Is Not for Sale,” a response to Donald Trump’s comments about Canada becoming the U.S.'s “51st state.” During the show, he emphasized the message by pointing to the shirt and using the phrase “elbows up,” a rallying cry for Canadians amid concerns over Trump's proposed tariffs. Myers also spoofed Elon Musk in the episode's cold open, further showcasing his comedic talent while standing up for his home country.
Elon Musk has expressed support for the US to leave NATO and the UN, raising concerns about the future of US involvement in European security and its implications for Ukraine, which seeks NATO membership. Experts warn that such a withdrawal could significantly weaken US interests and embolden Russia, potentially escalating tensions in the region.
A CBS News poll reveals that Americans are divided on President Trump's impact on government, with many believing he is changing it for the better, particularly regarding immigration policies. However, opinions on Elon Musk and workforce cuts are split, with concerns about service reductions and political implications. While most Americans prioritize inflation and the economy, they perceive Trump's focus elsewhere, leading to a mixed approval rating.
Elon Musk expressed support for the U.S. to exit both the United Nations and NATO, aligning with sentiments from some Republican figures. His comments come amid significant changes in U.S. foreign policy under the Trump administration, which has included cuts to international aid and a shift in relations with Russia. Critics argue that both organizations have failed to effectively prevent conflicts, while Musk's recent actions have raised concerns about U.S. credibility on the global stage.
Elon Musk has expressed support for the U.S. to withdraw from NATO and the UN, endorsing a call from a social media user. This endorsement aligns with growing skepticism within the Trump administration regarding international alliances, as Trump has consistently urged NATO allies to increase defense spending. The comments come amid heightened geopolitical tensions and a recent contentious meeting involving Trump and Ukrainian President Zelensky.
Friedrich Merz, a seasoned politician and former corporate lawyer, now leads Germany's CDU amid a precarious political landscape marked by the rise of the far-right AfD and shifting alliances. As he navigates a coalition government, Merz emphasizes the need for Europe to achieve independence from the U.S. and confront internal challenges, while reflecting on the historical lessons of past political failures. His transformation from a pro-American stance to a more skeptical view highlights the evolving dynamics of European politics in the face of external pressures.
During his first Cabinet meeting, President Trump welcomed Elon Musk, co-chair of the 'department of government efficiency' (DOGE), who emphasized his role in cutting government spending. Musk's team faces backlash over a controversial email demanding federal staff report their weekly work, with threats of termination for non-compliance. Trump also confirmed Ukraine's President Zelenskyy's upcoming visit to sign a minerals deal but ruled out any security guarantees for Ukraine, stating NATO inclusion is off the table.
Volodymyr Zelenskyy
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