French Unrest Spreads, Musk A Trillionaire Again, More
Summary
French schools shut as unions and students protest underfunding, coinciding with a surge in French debt insurance costs and warnings about fiscal instability. Meanwhile, U.S. Treasury Secretary Bessent claims 3% growth will curb debt, but analysts predict lower growth and see 30-year yields hitting 6%. The episode also covers the withdrawal of U.S. bombers from the UK, Yemen's recapture of Mocha, and Moonshot AI's $50 billion valuation ahead of a potential IPO.
Topics discussed
Sponsor: PayPal Pay Later
French school strikes and student protests
France fiscal crisis and rising bank insurance costs
Ray Dalio on European borrowing limits and ECB rates
US Treasury growth forecasts and 30-year yield predictions
EU plans to restrict China from single market
US B-1 bomber withdrawal from UK and conflicting accounts
Yemeni government recaptures Mocha from Houthis
Moonshot AI valuation and upcoming IPO
Elon Musk returns to trillionaire status
Market wrap: AI optimism vs. bond yield pressure
Sign-off and market summary
Sponsor: PayPal Checkout
Sponsor: 4imprint business gifting
Sponsor: Cincinnati Insurance
Listen ad-free on Castria