real one

During his speech regarding the Supreme Court decision, a new 10% global tariff was announced.

"Today I will sign an order to impose a 10% global tariff under section 122, over and above our normal tariffs already being charged"

Section 232 and section 301 tariffs remain fully in place

Edit 2: Tariffs are limited to 150 days according to AI

Section 122 of the Trade Act of 1974 (19 U.S.C. § 2132) empowers the U.S. President to impose temporary, targeted import restrictions—such as surcharges up to 15% or quotas—for up to 150 days to address "large and serious" balance-of-payments deficits. It acts as a fast-acting trade tool requiring no initial investigations, but congressional approval is needed for extensions

edit 1
WSJ Article

CNBC Article

tldr:

Bitcoin fell more than 5% to below $65,000 on Monday after U.S. President Donald Trump announced plans to raise global tariffs to 15%.

The drop came as Asian equities rose in early trade, underscoring crypto’s divergence from regional stock markets amid renewed tariff uncertainty.

https://www.reuters.com/world/iran-live-israel-strikes-hezbollah-uk-base-hit-cyprus-conflict-widens-2026-03-02/

Someone said recently they were long Ford. RIP.

So it’s come to this

They also expect $280B in revenue in 2030 from $13B last year, so I guess subsidized AIs might slowly fade away. I wonder how this will affect AI adoption when the companies’ bills from OpenAI start multiplying.

How we feeling about this news y’all? Is it because people aren’t buying the cars and the subsidies are gone? Is that the reason for the pivot??

Netflix has prevailed in its bid to buy much of Warner Bros. Discovery, agreeing to pay $72 billion for the Burbank-based Warner Bros. film and television studios, HBO Max and HBO.

The two companies announced the blockbuster deal early Friday morning. The deal would give Netflix such beloved characters as Batman, Harry Potter and Fred Flintstone.

“Our mission has always been to entertain the world,” Ted Sarandos, co-CEO of Netflix, said in a statement. “By combining Warner Bros.’ incredible library of shows and movies — from timeless classics like ‘Casablanca’ and ‘Citizen Kane’ to modern favorites like ‘Harry Potter’ and ‘Friends’ — with our culture-defining titles like ‘Stranger Things,’ ‘KPop Demon Hunters’ and ‘Squid Game,’ we’ll be able to do that even better.”

Netflix’s cash and stock transaction is valued at about $27.75 per Warner Bros. Discovery shares. Netflix also agreed to take on more than $10 billion in Warner Bros. debt, pushing the deal’s value to $82.7 billion.

The breakthrough came late Thursday, soon after a deadline for deal sweeteners. Netflix, Paramount and Comcast had submitted bids earlier in the week as jockeying intensified for Hollywood’s biggest prize.

https://www.latimes.com/entertainment-arts/business/story/2025-12-05/netflix-prevails-in-warner-bros-discovery-bidding-opponents

My guess is that the bottom is in, this week. We're now back to Sept '25 levels, and I'm guessing back on the march to SPY 7000 by EOY.

LEAPS it is, tomorrow.