Anthropic has framed the issue well: "you can use our models for anything other than domestic spying or autonomous weapons." I am not sure how any of the other AI companies can comply without absolutely horrendous rep damage

Whether it’s the fallout this morning from the Block layoffs or, most recently, President Trump’s announcement to curtail Anthropic’s ties with the US government, the message surrounding AI has shifted and stands in stark contrast to last year’s. In 2025, the narrative was defined... 1 of 2

Days where bank stocks were down over 5% -- covid, March 2022, SVB, Liberation Day, today:

Reupping for the US time zones. The more I think about this situation the funnier it is. The Banter Heuristic has taken up residence in the trade world and is totally in the zone.

The DHS agent surge in Minnesota reduced employees working in the MSP metro by 2.8%, total hours worked by 1.9%, and open business locations by 1.7% through mid-February. Estimated impact: $106 million in lost wages. new research from @aaronsojourner.org and @aaronrosenthal.bsky.social

How it started vs. How it’s going

FCC making stuff up on the fly I see.

vice signaling serves as a very effective bonding mechanism for horrifying evil. www.nytimes.com/2026/02/17/w...

Elon Musk telling employees xAI is merging with SpaceX to build AI factories on the moon, not because xAI can’t get enough funding and he needs to bail out its investors.

Really appreciate @erikamcentarfer.bsky.social defending the work of the agency she was unfairly fired from, that’s what you want from a dedicated public servant.

they're folding already eh? *LEAVITT ON DHS: WILLING TO DISCUSS SOME DEMOCRAT DEMANDS

Store of value.

good morning. the rollercoaster continues in energy & precious metals. the idiot crypto cousin continues just one way:

Goldman Sachs' general counsel: "Am totally tricked out by Uncle Jeffrey today!" Goldman Sachs flak: this was a normal professional services relationship www.ft.com/content/1fdb...

The USA. Entering homes without warrants .. apnews.com/article/ice-... .. detaining five year-old children .. people.com/ice-detains-... .. and scrutinizing federal funding of Democrat-led states. www.cnn.com/2026/01/22/p... But at least we didn’t go to war with Europe.

what I see when Bessent speaks

It’ll presumably bounce back in February but this winter storm is going to nuke consumer spending in the eastern half of the US for a week, remember this when the January Econ data hits.

#$DHI just guided quarterly gross margins to 19-19.5% vs Bloomberg estimates at 20.9% — still not seeing a lift in entry-level housing

A new study from the Kiel Institute finds that Americans have paid 96% of the costs of Trump's tariffs. They titled the report "America's Own Goal." www.kielinstitut.de/publications...

You thought you lived in the United States of America but you actually live in a Judge Dredd comic book.

back to back *3,000 JOBS CUT IN RECENT RESTRUCTURING, SCOTIA CEO SAYS *TD CEO Chun Says 'Early Days' Still for Bank on Cost Management

OUT: Helping you pay for health care. IN: Helping oil companies pay for their infrastructure in a foreign country.

According to Bloomberg, “around $1 trillion was pulled from active equity mutual funds over the year, marking an 11th year of net outflows, while passive equity exchange-traded funds got more than $600 billion.” Two factors, disappointing performance and high fees, not only drove this migration…

CNBC just did an 11-minute "interview" with Peter Navarro. The ENTIRE segment was done with Joe Kernen. Zero pushback on his nonsense on who pays for the tariffs. Where was @andrewrsorkin.bsky.social ?

$PSKY

BofAI Small Business Checkpoint: Profitability growth fell below zero for the first time in 18 months in November

“.. Wage growth is rapidly easing and judging by leading indicators and conversations with business executives there is more deceleration in the pipeline (lower raises and lower entry wages).” - @gregdaco.bsky.social

Homebuilder Lennar (LEN) - Revenue beat by 3% (-6% YoY) - Adj EPS miss by 14% (-52% YoY) - Orders miss by 1% (+19% YoY) - Home sales gross margin 17.0% (17.4% est) - Next Q closings guided 10%-15% below consensus - Next Q orders guided 6%-11% below consensus

One of the biggest moments of my career: USCIS canceled my client’s naturalization oath ceremony. We filed a lawsuit, went to trial, and the judge swore him in right there in the courtroom!

Here’s Hugh Jackman and Kate Hudson singing Forever in Blue Jeans

The juice? It's gone. All gone folks, they're saying there's no more juice.

Okay this might be it fam. Punishing management teams for over-investing is the first step to reducing capex. We'll see but potential that this report is the beginning of the end. *ORACLE SEES ANNUAL CAPEX ABOUT $15 BILLION HIGHER THAN FORECAST *ORACLE SHARES EXTEND DROP TO 10% ON HIGHER CAPEX VIEW

Inflation peaked in 2021-22 but affordability as a political issue is arguably still ratcheting higher — the length of these lags always surprises me.

“.. Once upon a time, a chief executive openly signaling that he’d reorient a newsroom to appease a sitting president would be a five-alarm corporate scandal ..” @status.news @oliverdarcy.bsky.social $PSKY www.status.news/p/cnn-paramo...

Sorry, but I’m not supporting this Marjorie Taylor Greene extreme makeover bullshit.

kill me

NEW on CNN: In several old videos we found, Pete Hegseth blasted Trump in 2016 warning he could issue unlawful orders that troops should refuse, calling him an “armchair tough guy” with five draft deferments. Now he’s attacking Democrats for saying same. LINK: www.cnn.com/2025/12/08/p...

Son-in-Law Watch: When he’s not brokering geopolitical surrenders in meetings with Putin, he’s financing global media consolidation.

China has 23 more days to buy something on the order of $10 bil of soybeans. It's almost like Trump et al got played again in November.

We reviewed Gregory Bovino and his agents’ tactics in Chicago. From a shooting to Slim Jims, the feds’ poor tactics made for needless safety risks for the public and the officers themselves. “Simply reckless,” former police superintendent said. www.chicagotribune.com/2025/12/07/e...

“He wants to make a lot of money in private equity one day.” Is a hell of a way to describe a Duke football player

two celebrations today! on this day in 1996 Fed Chair Alan Greenspan dropped the iconic "irrational exuberance" and let's all wish @peark.es a happy birthday

my most fervent belief is the Enron guys would have loved 2025

@carlquintanilla.bsky.social just asked former DOJ antitrust lawyer Jonathan Kanter how Paramount gets its confidence to do this. "To say the quiet part out loud: I think Paramount is relying on its political connections..."

Coming back to this to add a direct quote from today out of Karp. Despicable. We must demand better.

The level of corruption to pardon a drug kingpin who was convicted of trafficking 400 tons of cocaine while claiming you’re committing war crimes to fight Venezuelan cartels is worse than anything I ever saw in Nigeria. This is so gross.

San Francisco just upzoned the Sunset, the Richmond, North Point, and a bunch of the Marina. I truly never thought I'd see the day. Huge congratulations to the local activists at @sfyimby.bsky.social who worked so hard to make this happen.

I tried having Gemini make me a whimsical Needle to celebrate but I wasn’t very satisfied with the result:

"I was both responsible for this but am trying to avoid saying that" is the gist here. *HEGSETH: I EMPOWERED COMMANDERS TO MAKE CALLS ON STRIKES *HEGSETH: ON SEPT. 2, I DIDN'T STICK AROUND FOR SECOND STRIKE *HEGSETH: I DIDN'T PERSONALLY SEE SURVIVORS IN SEPT. 2 STRIKES

*BESSENT: NEXT YEAR IS GOING TO BE THE YEAR FOR MAIN STREET