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Thanks to the sources who trusted me To Jim VandeHei and Mike Allen for backing fearless reporting To HansNichols for being an awesome partner on the Biden beat To David Lindsey for the sharp editing And to Aja Whitaker-Moore and Kate Marino for their leadership of a great newsroom

“World War Fee”

Not every stock is down today. And yeah, I get it.

.Courtenay Brown nailed it nearly two months ago: "Bond yields, not the Dow, are the administration's new North Star." axios.com/2025/02/26/tru…

Inflation expectations have never risen this far, this fast.

It’s Thursday with Way Too Early with Ali Vitali: ☀️ AlexGangitano ☕️ Courtenay Brown 🌞 Grace Panetta 🌅 Jake Lahut You know the drill: if you’re up, tell us why and we may read it on the show. Email [email protected] or reply here. #waytooearly

I like that this is spaced like a poem

Every time someone at Milken told me that they invest in IP-heavy sectors not directly affected by tariffs, I'd ask: "Like movies?" Then there would be a looooonnnnngggg pause

very good question to JPow on the potential for another "vibecession" by Courtenay Brown based on the disconnect between hard and soft data at the moment yet again (h/t Kyla Scanlon)

Retweets, replies, comments—having my back out loud means more than you know because predators thrive in silence. cjr.org/feature-2/wesl… 4/5

UnitedHealth Group mistakenly sent us confidential talking points that were prepared for the company's shareholder meeting this week. Casey Ross, Tara Bannow, and I wrote about the document and how executives prepared to assuage investors. statnews.com/2025/06/04/uni…

In case you missed it. Swiss National Bank (SNB) has cut rates by 25bps, bringing “zero” back into the rates lexicon.

Probably not top of mind for anyone today, but it's the 250th anniversary of American money. My latest New York Times Opinion tells the story that started in Massachusetts, was almost thwarted by New Yorkers & went through many transformations over 250 years--but still remains vulnerable.

this is the type of heat those kids in holes were working in omfg

Sure seems like the world woke up to the fact that it was enormously overweight US assets (and thus the dollar) on "Liberation" day. 1/

It’s Tuesday — and I’m back! — with Way Too Early with Ali Vitali: ☀️ Mychael Schnell ☕️ Ken Thomas 🌞 Courtenay Brown 🌅 Kevin Frey If you’re up (hello Senators and staffers) tell us why— on here or over email at [email protected]. #WayTooEarly

It’s bad when conservatives question the integrity of BLS statistics when a Democrat is president. It’s just as bad when progressives question the integrity of BLS statistics when a Republican is president.