Trump: We have reached a protocol with the European Union, the EU will agree to purchase $750 billion worth of American energy, reaching the largest protocol in history, the EU will open national trade with 0% tariffs, and the EU will purchase 100s of billions of military equipment.

EU's von der Leyen: The trade agreement with the United States will bring stability, agreeing to implement a unified 15% tariff.

Trump reiterated that the chances of reaching a trade protocol with the EU are fifty-fifty, with 3 to 4 sticking points in the trade negotiations with the EU, and the tariff rate for the EU will not be lower than 15%. All trade protocols will start on August 1.
EU's von der Leyen: Reached an agreement with Trump, believes the likelihood of reaching an agreement is fifty-fifty.

China and the United States will extend the tariff suspension period for another 90 days during talks in Sweden.
This should be a good sign, avoiding a direct confrontation between China and the United States. The market has an additional 90 days of imaginative space; if I had seen this news earlier, I might have held off on closing my position.

The results of doing something with a utilitarian mindset and doing it with a public welfare mindset are completely different. The more one pursues quick profits, the more likely one is to be backfired by the market. Sometimes it's better to keep it simple. Focus on doing one thing, perfecting it, have more ideals and less calculation, and it will be easier to succeed.

China stated that BRICS countries will soon take measures to reduce dependence on the US dollar.

Trump: If we reach a protocol, the EU deal will be the largest in history, and we'll see on Sunday if we can reach an agreement with the EU.

When Trump invests trillions in AI, who is providing credible data for AI?
When Trump invests trillions in AI, it superficially appears to be a competition among models, chips, and data centers, but it also raises deeper questions: how is the data that AI models rely on validated, is it traceable, can the training process be audited, is the inference process auditable, and can models collaborate with each other or are they only able to fight their own battles?
In simple terms, when we gather information with AI, who can determine that the information provided by AI is correct? Data pollution i

CNN reported: Powell has told several colleagues and allies that he will never yield to President Donald Trump's calls for him to resign, pledging to withstand months of unprecedented multi-faceted attacks from the president for his refusal to cut interest rates.

Trump: Powell is a very good person. Yesterday I sensed from Powell that he might be ready to cut interest rates. Had a good conversation with Powell about the Interest Rate.

Trump: We have a framework for an agreement with China. What China is doing is striving for a weaker currency. We are getting close to reaching a trade agreement with China. I have had many different arguments with the Chinese President. China and Japan are dominating due to weak currencies.

Trump: Most protocols will be completed before August 1st, and if not, then all will be completed. Most trade protocols are now finished. I haven't had much luck on this side in Canada. I may impose tariffs unilaterally on Canada. There's not much room for negotiation, and I don't plan to focus on reaching an agreement with Canada.

Trump: I am considering issuing cash rebate checks to low-income Americans. I will use tariff revenues to provide rebates to Americans.

South Korean Presidential Office: The Minister of Industry proposed a mutually beneficial plan to the US Secretary of Commerce, and the US has expressed interest. There has been no news regarding the extension of the August 1 negotiation deadline. The issue of South Korean forex has gone beyond the normal scope of discussions and has been included in the negotiation content.

It is said that the Bank of Japan expects to have enough data by the end of the year to assess the possibility of a rate hike, and does not rule out the possibility that the Bank of Japan may raise interest rates this year.

Trump: There are alternatives to Powell, possibly three, and there is no pressure on Powell. Firing Powell would be a significant move, and I think it is unnecessary. I believe Powell will do the right thing.
The exam questions are here, who could the three people be? We just talked about it yesterday.

Effective immediately, KALSHI partners with XAI to introduce GROK into the prediction market.
This should provide direction for many AI projects.

Financial Times reports: EU's von der Leyen stated that EU-China relations are at a turning point, and the EU demands a resolution to the trade surplus issue with China; rebalancing relations with China is not optional.