1) Producer Price Index rises .5% or 2.8% annual rate
1A) Strip out food and energy and core was up .8% and a 3.6% annual rate. These are bad numbers
1B) Technology company Block lays off 20% of workforce as fear of additional white collar job losses accelerate
1C) Stock fall particularly hard as financial and finance stocks drop (AMEX and GS)
1D) NVDA has record earnings with revenue up 73% year over year and stock falls 12 points
1E) Open AI raises $110B in funding at valuation of $750B. Funding from Softbank, Nvidia and Amazon
1F) Washington Post lost $125M in 2025 and changes are coming
2) Fallout from State of the Union – 64% view Trump speech favorable
2A) Democrats new oath – “oppose and stop Trump on everything”
2B) Fetterman – “Democrats yelling and screaming is disappointing”
2C) Democrats fight the Save Act and vehemently oppose voter ID
2D) Polling still show Democrats with an opportunity to take the House in mid-terms
3) U.S. / Iran talks stall. Non-essential personnel ordered out of Jerusalem. Stealth jets sent to Israel.
4) Texas Senate Race – Crockett leads Tallarico by 56-44 in Texas poll of Democratic voters
4A) Paxton – 36, Cornyn 34, Hunt 26 in very tight race has Republicans extremely worried. They should be.
5) Administration withholds $259M in funding to Minnesota after fraud investigation ramps up
6) Transgender ID’s revoked in Kansas back to gender at birth
7) Bill Clinton testifies in Epstein case
8) Republicans trust on National Security by 48-40%, Trump is 45% approval and 53% disapproval in Rasmussen
9) No progress on breaking Democratic log jam on DHS funding. Talking filibuster looks like a no go according to Leader Thune.
8) U.S. investigating case of 4 Americans killed off Cuban coast