A macro update on three big topics: recent weakness in the US dollar, tension building with Iran, and gold thoughts.

Increasing productivity could drive GDP growth, even in the face of zero growth in payrolls. Historically, this would be rare.

Earnings season is in full swing. Today alone, we get earnings from 28 members of the S&P 500. Below are highlights from some of the reports this morning.

Corning partnership with Meta. UPS earnings. UNP earnings. RTX earnings. And the US dollar is falling

The Fed govn announced an increase of only 0.09% in medical costs to insurance companies who offer Medicare Advantage plans.

Silver/Gold, Nat Gas, Earnings Season, ANET, and CRWV

Drama continues in Japan, as the Fed hints that it might intervene directly to help the Yen -- echoes of the 1998 Asian Financial Crisis