Lovely_sombrero [he/him] @ Lovely_sombrero @hexbear.net

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67

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670

Joined

5 yr. ago

Trump said he'll only lower the tarrifs on China once "a deal is reached".

Well, isn't that completely obvious? Is there a Wall Street trader who believed that if/when a deal was reached, it wouldn't include lower tariff rates?

It looks like another case of the market rallying on absolutely nothing, lol.

So Trump said something about "tariff will not be 145%, but more like 50%", but nothing actually happened, no? No change in policy and negotiations aren't happening, as far as I know?

TSLA 2025Q1 results are out. Keep in mind that "estimated" comes from Tesla-friendly analysts who waited until the last two weeks before the earnings to suddenly drop their estimates, making Tesla look closer to estimates than it was not so long ago. Even so, results are not good. And this is before all the tariff stuff that should seriously hit Tesla's energy business, since they import the majority of the cells and solar panels for their battery storage and solar division.

Earnings per share adjusted: 27 cents vs. 43 cents estimated

EPS: 12 cents vs 34 cents y/y

Revenue: $19.34 billion vs. $21.11 billion estimated

Automotive revenue dropped 20% to $14 billion from $17.4 billion in the same period last year.

Earlier this month, Tesla reported a 13% decline in deliveries to 336,681.

They "achieved" $660 million in free cash flow, but their accounts payable are up by $1 billion (despite lower production), this means that they are probably delaying payments to their suppliers until the end of the quarter to make this quarter look better. Despite the fact that Tesla is supposedly developing all this new stuff - robotaxis, FSD, autonomous robots and so on, their capital expenditures are down by like 50%. It looks like they are already trying to conserve spending.

[edit] Naturally, the stock is up by 0.5% on this terrible news. The Tesla piggies are going for the worst price/earnings ratio in history.

BREAKING: The Education Department will begin collection on student loans that are in default next month, including garnishing wages for up to 5.3 million borrowers.

Damn. Another curse of the Biden bankruptcy bill, without it student loans would also be discharged in bankruptcy.

This is bad money!

Everyone was saying how the trade war is ACTUALLY a "brilliant plan" to get treasuries to below ~3.0 yields. Instead, yields are going up.

US Treasuries are rising steadily again.

10Y: 4.4

30Y: 4.9

IIRC, this implies mortgage rates above 7%.

The libs are mad again because Pete Hegseth didn't properly file his paperwork and protect the information about doing massive war crimes. The war crimes themselves tho, those are great.

Apart from the fact that islands are populated, I'd love to see these libertarians do more of this. Find land that is completely unpopulated. Create a "libertarian"/liberal/conservative utopia. Get owned by bears. Repeat.

Yes. A repeat of the first Trump admin. Sadly, their opinions will just return to the right-wing status quo when the next Biden is president and in charge of the genocide again.

Send in the clown: Bill Maher turns pro-Trump

Maher, the comic who once fancied himself a fearless political truth-teller, is now wobbling under the weight of his own ego. His recent televised monologue — an extended love letter to his dinner with Trump — was less a political reflection than a highlight reel of self-flattery and unearned gravitas.

Maher bragged that he had dinner with Trump — “a dinner that was set up by my friend Kid Rock.” Yes, when your access to the leader of the free world is coordinated by a rap-rock-country novelty act — a man who has assaulted a strip-club DJ, waved Confederate flags and hurled homophobic slurs at his own fans — you might want to reevaluate your choices. But Maher treated it like an RSVP to the Met Gala.

“I’m not the leader of anything,” Maher proclaimed, “except maybe a contingent of centrist-minded people who think there’s got to be a better way of running this country than hating each other every minute.”

Amazing timing, just as Trump is becoming less popular than ever, including his entire first term.

Milei is accused of possessing material with child sexual abuse and networks question whether he is a pedophile

https://revistaforum.com.br/global/2025/4/19/milei-acusado-de-possuir-material-com-abuso-sexual-infantil-redes-questionam-se-ele-pedofilo-177724.html

The interest machine needs more and more maintenance.

Insane

It will be funny if the stocks go up on lower interest rate hype, meanwhile interest rates on real things like mortgages and car loans go up because this makes even more bondholders sell their US treasuries, leading to higher yields.

Hard to believe this just came out of nothing within a couple of weeks, I guess China really was preparing for this for a while?

So Van Hollen met with Kilmar in El Salvador and Kilmar just had to go back to jail afterwards? Weren't they outside at a restaurant?

Trump is Kamala-ing JD!

So that pause on tariffs happened because a couple of sleuths knew that Trump would be alone and since there would be no counterarguments to them, Trump would just default to whatever they were saying. They even waited to see him type it out, to make sure he didn't just forget about it.