For ten years, Bill Gates told the world this energy source would never supply
more than 5% of global power. Five percent. That was his ceiling. Then he flew
to the Nevada desert. Walked the construction site. Talked to the engineers.



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Сⅼіϲkhеrе and I'll reveal the shocking details. <[link removed]>



For ten years, Bill Gates told the world this energy source would never
supply more than 5% of global power.

Five percent. That was his ceiling.

Then he flew to the Nevada desert. Walked the construction site. Talked to
the engineers.

He told Bloomberg: “I now believe it could supply up to 20%.”

That’s a 400% jump in his estimate.

Then he invested $100 million.

Facebook’s co-founder put in $462 million. Tesla’s co-founder made a personal
bet. Norway’s sovereign wealth fund took a position.

One company sits at the center of all of it. Sixty years of operating
history. Revenue approaching $1 billion. And a August 18th catalyst that locks
in its advantage for eight years.

See the stock Bill Gates just bet $100 million on >>
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“The Buck Stops Here,”
Kelly Maguire
Behind the Markets
© 2026 Behind the Markets. 4260 NW 1st Avenue, Suite #55 · Boca Raton, FL
33431. LEGAL DISCLAIMER: Personal results may vary. All investing involves risk
of loss. Past performance is not a guarantee of future results. The information
provided is for educational purposes only and does not constitute a
recommendation to buy or sell any specific security.

 


Today's Market Update For You
July Payrolls Due This Morning With Wall Street at 83,000 — Citi Has a
Lone-Wolf Call for Three Rate Cuts by January, Saying the Employment Level Has
Fallen833,000 in 2026 Even as the Headline Unemployment Rate Holds at 4.2%
The July nonfarm payrolls report lands this morning at 8:30 AM ET, with the
CNBC-compiled Wall Street consensus at83,000 — a modest improvement from June's
57,000 but still running well below the 160,000–200,000 pace that characterized
2024. The unemployment rate is expected to hold at4.2%. Goldman Sachs flagged
that July payrolls have historically run below expectations, accompanied by
sharp downward revisions to prior readings — a pattern that, if repeated, would
leave the six-month average looking softer than the published data already
implies. The most structurally significant labor-market fact heading into the
print is one that headline unemployment does not reflect: total civilian
employment in 2026 has fallen by833,000 people, according to Citigroup
economists. The unemployment rate has held near4.2% not because people are
finding jobs but because they are leaving the labor force entirely — the
participation rate fell to61.5% in June, its lowest since March 2021.

Citi economists, led by Veronica Clark, hold what they describe as a "well
out-of-consensus" forecast: three rate cuts between now and January 2027. Their
argument is specific. The Fed has historically focused more on the unemployment
rate than monthly payroll variation, but that rate is being artificially
compressed by participation collapse rather than genuine employment strength.
Citi's projection is that the unemployment rate will rise above4.5% in the
coming months as the participation-rate-driven floor crumbles — at which point
the Fed's employment mandate would require it to pivot from the inflation-hawk
framework that Warsh's three dissenters have been advocating. Deutsche Bank's
contrary read — "as long as the labor market does not deteriorate
significantly, the Fed can still focus its policy on inflation" — and BMO's
belief that "solid demand and rising cost pressures" still support tightening
represent the consensus that Citi is positioned against. Friday's number will
provide the first direct test of whether the household-survey employment
decline is beginning to appear in the establishment survey's headline count.
The Payrolls Setup — Two Views of the Same Labor Market


Wall Street Consensus83,000Per CNBC; unemployment rate expected unchanged at
4.2%; Goldman flags historical July downside bias
2026 Civilian Employment Change−833,000Per Citi; household survey employment
level has fallen even as unemployment holds at 4.2%

Citi Rate Cut Forecast (Vs. Consensus)3 cuts by Jan 2027"Well
out-of-consensus"; expects unemployment to rise above 4.5% in coming months
Citi's Veronica Clark"We expect the unemployment rate to rise above 4.5% —
that will change the Fed's equation"Lone-wolf cut call; Deutsche Bank and BMO
remain on the hike/hold side
Payroll Outcomes and Their September Implications

Print Fed read / market reaction

Above 120K with unemployment at 4.2%Employment mandate counterargument to hike
disappears; September hike at 70%+; yields rise; Citi's thesis takes a direct
hit
70–100K in line with 83K consensusDual-mandate ambiguity maintained; September
stays a genuine coin-flip; August CPI becomes the decisive variable
Below 57K — second consecutive missConfirms structural deceleration; September
hold probability climbs toward 50%+; Citi's 4.5% unemployment forecast gains
credibility
Unemployment rate ticks up to 4.3% at any payroll levelValidates the
household-survey decline; Citi's thesis gets its first confirming data point;
three-cut call enters the rate-path debate seriously
The unemployment rate and the household employment figure matter more this
month than the headline payroll count.
The benchmark revision to the entire payroll series, scheduled for August 28,
adds a separate layer of consequence to whatever the morning prints. Prior
benchmark cycles have produced negative revisions; if the August 28 release
marks down the H1 average from92,000 to something closer to 70,000, the labor
market the September committee believed it was operating in will look
structurally weaker in retrospect. That retroactive revision arrives the day
after Warsh speaks at Jackson Hole — an unusual convergence where the Fed
chair's communication framework and the employment data he has been basing
decisions on both get revised within the same 24-hour window. Whether the
payrolls print this morning provides clarity or deepens the ambiguity, the
September decision will be made with less certainty about the actual state of
the labor market than any recent FOMC has faced.

Sources: CNBC · TradingKey · Continuum Economics · Kiplinger

 


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