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Hello Capitalists,
Here is everything you should be following today:
Trump unleashes the consequences of Schumer’s Shutdown
Suspended: $2B in funds for Chicago
Suspended: $8B in Biden era “Green energy” boondoggles
Massive jet fuel refinery explosion rocks Los Angeles
Bezos sees a bright future after the AI bubble bursts
Cracker Barrel finally dumps the ad firm responsible for their disastrous rebrand
Apple yanks ICE tracking app from its store after deadly attack
Today’s markets:
✅ DOW: 46906.65 (⬆️0.83%)
✅ S&P: 6705.70 (⬆️0.38%)
✅ NASDAQ: 22886.36 (⬆️0.19%)
⚠️⬇️CBOE VIX Volatility Index: 16.32 (1.86%)
Trump swings the hammer on Chicago, $2.1B in infrastructure spending on hold
President Donald Trump’s OMB director Russ Vought ordered an immediate hold [ [link removed] ] on $2.1B worth of infrastructure projects in Chicago, targeting key transit and utility systems.
Vought spearheads federal takeover: OMB Director Russell Vought leads the aggressive intervention, citing chronic mismanagement and safety violations in Chicago’s aging networks as justification for the move.
Political backlash intensifies quickly: Mayor Brandon Johnson blasts the order as “federal overreach,” vowing legal challenges while rallying city council for emergency funding appeals.
Long-term reforms eyed ambitiously: White House signals the Democrat instigated shutdown as a precursor to privatized upgrades, potentially reshaping urban infrastructure models across major Democratic strongholds
Social Media Onslaught: After creating a viral trend by putting AI generated sombrero hats on Democratic politicians after the shutdown vote. Trump posted an AI generated video to Truth Social of a reworked version of Blue Oyster Cult’s “(Don’t Fear) The Reaper featuring members of the administration in the band and Russ Vought as the reaper.
Together with Health Sciences Institute [ [link removed] ]
RFK Jr drops AUTISM BOMBSHELL on Big Pharma [ [link removed] ]
Dear Reader,
RFK Jr just took dead aim on Big Pharma… and he is NOT messing around.
In a prime-time press conference he took them to task on everything from Tylenol and autism to COVID vaccines… And Big Pharma is HORRIFIED.
For the first time in decades, they’re face-to-face with a politician their money CAN NOT control. And that means their # 1 fear may be about to come true.
RFK Jr is now poised to EXPOSE Big Pharma’s biggest secret [ [link removed] ].
It’s a secret that could cost them hundreds-of-billions in profit and dark money political donations…
Which is why they’ll do everything in their power to stop you from hearing THIS [ [link removed] ]. And they may just succeed…
So we’re not taking any chances, we’re revealing everything TODAY in this short video [ [link removed] ].
Watch it here now [ [link removed] ] while it’s still available.
P.S. It’s not every day the US Secretary of Health and Human Services calls out one of Big Pharma’s biggest cash cows. But that’s exactly what RFK Jr just did. And they’re terrified he’s going to go one step further by revealing Big Pharma’s Biggest Secret yet [ [link removed] ].
Dept of Energy takes an axe to $8B in “rushed” Biden era green energy deals
In a stunning first-day blow amid a federal shutdown, the U.S. Department of Energy axed over 300 green energy awards [ [link removed] ] worth nearly $8 billion across 16 states, sparking outrage from Democrats who decry the move as political payback targeting blue states.
Massive Funding Slashed Overnight: Cancellations hit projects from clean energy demos to grid upgrades, including $1.2 billion for California’s ARCHES hydrogen hub and $1.1 billion for Washington’s Pacific Northwest initiative, halting emissions cuts and infrastructure boosts.
Shutdown Sparks Political Fury: Critics like Gov. Bob Ferguson and Sen. Chuck Schumer blast the timing as “outrageous” retaliation against Harris-won states, vowing legal fights while Trump officials defend it as fiscal prudence.
Viability Questioned by Feds: Secretary Chris Wright deems awards “rushed” and uneconomical under Biden-era haste, prioritizing taxpayer ROI despite pleas that axing them undermines U.S. competitiveness in global clean tech.
Massive explosion rocks LA as jet fuel facility detonates
A massive fire and explosion erupted [ [link removed] ] Thursday night at Chevron’s sprawling El Segundo oil refinery—one of California’s largest—igniting a jet fuel production unit and prompting a swift emergency response, though no injuries or evacuations were reported.
Fire Targets Jet Unit: Flames engulfed a critical jet fuel production unit at the El Segundo facility, one of the West Coast’s largest, with the cause remaining unclear amid ongoing investigations.
Zero Casualties Confirmed: All refinery personnel and contractors were safely accounted for, averting human tragedy in the chaotic nighttime inferno that drew rapid emergency intervention.
No Resident Evacuations: Local authorities declined to issue evacuation orders for nearby communities, citing stable monitoring of air quality and scene containment efforts.
Environmental Monitoring Clear: Chevron’s fence-line sensors detected no hazardous exceedances, easing immediate pollution fears from the blaze despite its industrial scale.
Bezos warns of an AI bubble but sees a bright future after it pops
Amazon founder Jeff Bezos warned Thursday that artificial intelligence is inflating into an “industrial bubble” [ [link removed] ] fueled by frenzied funding for dubious startups, yet he predicts the tech will deliver “gigantic” societal benefits by revolutionizing every industry once the hype settles.
Bezos Flags Bubble Frenzy: Describes current AI surge as echoing 1990s biotech boom, where excitement funds wild ideas, complicating investor discernment between viable and flawed ventures.
Dot-Com Echoes Resurface: Likens AI valuations to the 2000 internet crash, citing extreme cases like a six-person firm securing billions, but stresses such manias often yield lasting innovations.
Society’s Massive Payoff Looms: Foresees AI transforming all sectors with profound advantages, akin to biotech’s life-saving drugs, emerging “post-bubble” as “winners” solidify.
Echoed Warnings from Titans: Bezos joins OpenAI’s Sam Altman and Goldman Sachs’ David Solomon in cautioning overvaluation risks, including potential stock market pullbacks amid speculative fervor.
Cracker Barrel DUMPS the ad firm that wrecked it’s business, VP also booted
In a stunning reversal amid fierce backlash, Cracker Barrel Old Country Store abruptly terminated its contract [ [link removed] ] with design firm Prophet on Thursday, just weeks after unveiling—and quickly scrapping—a controversial modern logo that sparked outrage from customers and even President Donald Trump, contributing to an 8% plunge in restaurant traffic.
Leadership Shakeup Targets Focus: Marketing VP Matt Benton exits as Thomas Yun returns to prioritize craveable classics and authentic country hospitality in menu revamps.
Backlash Ignites Culture War: The iconic overalls-and-barrel logo swap drew viral fury, amplified by Trump’s public slam, forcing swift reversion to preserve brand heritage.
Redesign Rollout Halted Abruptly: Modern white interiors at four test sites have been replaced with traditional dark woods and decor suspended amid complaints of losing cozy charm.
Traffic Slump Hits Hard: August 19 changes triggered 8% visit drop, with executives forecasting 7-8% quarterly decline and ongoing weakness in foot traffic as the company desperately seeks to regain customer loyalty.
Apple bans ICE targeting app from it’s store after deadly attack that killed 2
Apple yanked the ICEBlock app [ [link removed] ] from its App Store Thursday after a stern demand from Attorney General Pam Bondi and the Justice Department, citing grave risks to ICE agents’ safety amid a surge in assaults following a deadly Dallas shooting that killed two.
Bondi Demands Swift Removal: Attorney General Pam Bondi directed the DOJ to pressure Apple, declaring the app’s anonymous ICE sightings a direct threat to officers risking their lives daily.
Creator Vows Fierce Fightback: ICEBlock developer Joshua Aaron slammed Apple’s move as “capitulating to an authoritarian regime,” insisting the tool protects communities from administration overreach, not harms law enforcement.
Dallas Shooting Fuels Outrage: Suspect Joshua Jahn searched for ICEBlock-like trackers before the fatal attack on a Texas ICE office last month, intensifying fears as assaults on agents skyrocketed over 1,000%.
Surge in Agent Assaults: ICE’s acting director Marcos Charles blamed violent rhetoric for the explosion in attacks, urging an end to rhetoric that endangers federal personnel enforcing immigration laws.
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