Thursday July 10th, 2025
Markets Tank; Trump Doubles Down; Cities Fire Back
Trump’s tariff barrage and nuclear bluster spook the planet, while NYC and DC threaten to lawyer up. The FBI’s chasing ghosts, and the Senate’s prepping for sanctions drama. Elon and Trump are still slap-fighting. Welcome to the new abnormal.
Today in one sentence: Trump’s tariffs, Russia sanctions bill, nuclear threats, FBI probes, and threats to seize NYC/DC sent shockwaves through government, markets, and anyone with a pulse.
1. Markets Slide on Trump Tariff Chaos
Global markets look set for another nosedive after Trump’s latest tariff threats against seven countries and a 50% scare for Brazil, as reported by Bloomberg and Yahoo Finance. Major indices show pre-market jitters. Investors fear a trade war cascade, with corporations warning of price hikes. Second-order impact: Asian exporters are already prepping for layoffs, and the dollar may face fresh pressure as global central banks eye alternatives (Bloomberg).
2. Senate Sanctions Bill Sprints—But Amendments Loom
Trump’s Russia sanctions bill will move quickly but faces last-minute amendments and potential filibusters, per ABC News and The Guardian. With over 80 cosponsors it’ll likely pass, but Democrats are sharpening knives over the 180-day waiver provision. Ripple: Watch for energy markets to jump, as Russian oil buyers scramble for cover (Indian Punchline).
3. Moscow, Beijing Respond to Trump’s Bomb Rhetoric
Moscow and Beijing fired back at Trump’s fundraiser nuke threats, dismissing the comments as ‘deranged’ while quietly boosting their own military alerts (WSJ). The diplomatic fallout will fuel anti-U.S. sentiment abroad—and, fun twist, some U.S. tourists are already reporting ‘Trump surcharges’ at BRICS destinations (WSJ, Yahoo News).
4. FBI Probe Fuels Political Bloodsport
The FBI’s hunt for dirt on Brennan and Comey after the CIA review is reviving 2016’s corpse, according to Sky News Australia. Partisan media will feast, but no indictments are imminent. Ripple: Congressional Dems are prepping oversight hearings (Sky News).
5. NYC, DC Threaten Legal War Over Federal Takeover
New York and D.C. officials are lawyering up after Trump’s threat to ‘run’ their cities, per Politico and The New York Times. Local leaders promise to resist with lawsuits and civil disobedience. Unexpected twist: Federal agencies are quietly reviewing drone protocols for crowd control at major urban events (New York Post).
Notables
Trump–Musk Feud Escalates
Trump publicly told Elon Musk to ‘head back home to South Africa’ after Musk threatened a third-party run and Tesla’s numbers tanked. Expect mutual legal threats and a new round of memes (Gizmodo, OpenTools).
Land Mine Policy Resurfaces
Buried in tariff chaos: the Pentagon is suddenly reviewing restrictions on land mine use, possibly as leverage in ongoing global hot spots (NYT, 60% chance).
Protests Planned for Mamdani’s Mayoral Bid
Activist groups are prepping coordinated rallies in NYC as Mamdani’s campaign becomes a proxy war on Trumpian overreach (Politico, 65% chance).
Sleep with one eye open, democracy fans.