It might be time to consider the ‘most hated, under-owned asset class,’ says this strategist

It might be time to consider the ‘most hated, under-owned asset class,’ says this strategist. “By the time I got into Office, on January 20th, most of the information was missing, altered, corrupted, or gone.

What happened

Vincent Deluard, market strategist at StoneX, recommends pairing British equities with a trade that shorts the euro against the Japanese yen. 02 EDTShareKey events6m agoBlanche defends Trump's criticism of supreme court justices after ruling to block mail-in voting executive order16m agoCongressional Budget Office says Iran war has cost US $38bn in latest estimate55m agoSanders decries rapid advancement of artificial intelligence, says Congress has been 'asleep at the wheel'1h agoBessent defends Trump's $5k midterm incentive in House hearing2h agoJudge blocks Kennedy Center board from putting Trump's name on the building or grounds in any way2h agoCongressman Casar calls for US to lead AI diplomacy and end AI arms race3h agoPatel spars with Democratic senator over Atlantic article that alleges FBI director's excessive drinking3h agoPatel does not commit to keep FBI agents away from polls during midterm elections5h ago'This court has really let our country down': Trump blasts decision that blocks mail-in voting executive orders7h agoBernie Sanders and podcaster Steve Bannon to call for AI restrictions8h agoKash Patel to testify before Senate committee on FBI agenda8h agoTrump facing AI backlash in Congress as push for guardrails intensifies9h agoSupreme court rejection of Trump mail ballot restrictions will ensure 'safe, secure and accurate elections' Bernie Sanders, independent senator for Vermont, speaks during the Pro Human Assembly about AI.

The speed and scope of AI development in just the last four years has been almost beyond human comprehension. ”Sanders added that Congress, under both Republican and Democratic control, has been “been asleep at the wheel”. This isn’t the first time that he’s done it, and it won’t be the last … The idea that President Trump shouldn’t be allowed to communicate to the American people his frustration, I… I don’t share that. ”The Congressional Budget Office (CBO), the nonpartisan agency that provides financial estimates on legislation and policies for lawmakers, has said that the war in Iran has cost the Pentagon approximately $38 billion as of 1 August 2026.

The CBO says the amount reflects the costs of “replacing expended munitions and equipment lost in battle, increased flying hours, other operations, and increased fuel costs”. “I’m not ready to discuss it at present, but at Treasury, we’ve been working on it for quite a while. ”This comes as US debt reached $40tn for the first time last month. The Board, comprised of some of the most prominent and respected people in our Nation, is meeting again today.

The wider picture

“But while we pass safety rules here at home, AI diplomacy may be the most important thing we can do,” he said. Photograph: Saul Loeb/AFP/Getty ImagesView image in fullscreenBernie Sanders, independent senator for Vermont, speaks during the Pro Human Assembly about AI. Photograph: Saul Loeb/AFP/Getty ImagesFrom 55m agoBernie Sanders, the independent senator from Vermont, has decried the advancement of artificial intelligence the Pro-Human Assembly in Washington today. The leading progressive lawmaker has emerged as a leading voice in warning against the rapidity of the technology’s evolution.

“If AI surpasses human intelligence, as many scientists believe could happen, this technology will escape human control with potentially catastrophic consequences,” Sanders said in Washington today. “AI is advancing exponentially, exponentially every single day. In other words, what you are looking at right now is the least capable version of AI that we will ever have – the least capable, the dumbest version. “We now have a president whose ignorance regarding this issue is truly embarrassing,” he said, referring to Donald Trump’s insistence that the calls for AI guardrails are a “hoax” that would put the US on the back foot in the ongoing technological arms race with China.

What has been reported

Sanders, who we reported earlier, has proposed bicameral legislation with congressman Greg Casar to permanently ban the development of artificial superintelligence, said that the pledges from leading AI company CEOs for the industry to “slow down” are encouraging but ultimately not enough. “When you are racing towards a cliff, you don’t just ease up on the gas pedal. He added that the “efforts to make sure that we have free and fair elections are not going to stop just in November or after or thereafter”.

The attorney general went on to defend the president’s earlier criticism of the justices on the bench who ruled to block his order. “He has every right, and indeed he should communicate his concerns with the supreme court whenever he has them. The estimate does not include other costs incurred by the war, such as the increased cost of fuel used by the Postal Service. It also doesn’t include costs already accounted for in the federal budget, such as the basic operating costs of the military forces involved in the conflict.

In a short while Todd Blanche, the attorney general, will hold a White House press briefing for reporters.

What happens next

A reminder that Donald Trump has yet to announce a permanent replacement for Karoline Leavitt, the former press secretary who resigned last month. Sanders capped off his speech by noting that we are at “a dangerous and unprecedented moment in world history”, and it is “imperative” to stand up to AI industry leaders, but also to a “a government of both political parties, which have not been as aggressive in any way, shape, or form as they should be”.

While the senator said that AI has the potential to do “some extraordinarily good things” when it comes to healthcare and prescription drug development, but he stressed the need to make sure that AI “works for all of the people and does not simply end up making a handful of the richest people on Earth even richer”. “When the future of humanity is at stake, we need binding international safety rules, not voluntary standards from the industry. ”Scott Bessent, the US treasury secretary, defended Donald Trump’s $5,000 so-called “dividend” that he promised to every adult US citizen if Republicans win the House and the Senate in the upcoming midterm elections.

“I think it’s a good idea for the American people to keep more of their money,” Bessent said in response to a question from Democratic congressman Juan Vargas at a financial services committee hearing today. Does that increase the deficit or does it increase the debt? ” Vargas asked the treasury secretary. “I believe that there are ways to do it without increasing the debt or deficit,” Bessent said.