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Sat, Aug 8, 2026

ZeroHedge

Futures Slide As Renewed Tariff Turmoil Shakes Global Markets

Futures Slide As Renewed Tariff Turmoil Shakes Global Markets

Stock futures slumped after Trump’s weekend tariff tantrum added uncertainty to American trade policy and was another blow to bullish outlooks for 2026. The Supreme Court’s tariff ruling means a big source of fiscal revenue from 2025 may have to be refunded (although if it is refunded to US consumers, who bore the brunt of tariffs as most liberals analysts concluded, it would represent a huge pre-midterm stimulus). As of 8:00am ET, S&P futures were 0.5% lower, giving up almost all Friday gains, while Nasdaq 100 contracts sliding -0.6%. In pre-market trading, there is a defensive tone as Mag7 names are mostly lower, Semis are coming for sale (NVDA flat ahead of earnings on Wednesday); and, most sectors are seeing weakness with pockets of positive performance in HC, Aero/Def, Materials, and Utilities.  “We started 2026 with a bullish outlook — but not even two months into the year, many of our assumptions are being challenged,” wrote the Bloomberg Economics team led by Anna Wong. The risk of war in Iran and the AI scare are also denting optimism. The dollar recouped losses while bond yields are flat-to-down 1bp after spiking on Friday on fears the SCOTUS ruling will unleash much more debt issuance. Commodities are seeing weakness in Energy with WTI down 60bp, Ags being sold perhaps on lower tariffs, and precious metals maintain their incessant bid. Today we get factory orders and the final December durable goods report. Key events this week include Trump’s State of the Union Address tomorrow, Nvidia earnings on Wednesday and PPI data on Friday.

Alberta And Switzerland To Vote On Immigration Control Amid Growing Backlash

Alberta And Switzerland To Vote On Immigration Control Amid Growing Backlash

As the world watches unchecked immigration fundamentally transform the West, a growing backlash has gained a foothold - and it's made it to the ballot box.

In Alberta, Canada, Premier Danielle Smith announced a referendum this fall to decide whether the province should limit the number of new international, temporary foreign workers and asylum seekers - as Alberta seeks to take charge of the issue amid a surge of proud Canadians who do not embrace change

Trump Warns Netflix About Democrat Ties During Bid To Buy Warner Bros

Trump Warns Netflix About Democrat Ties During Bid To Buy Warner Bros

It's no secret that Netflix is a devout propaganda platform for the political left.  Some critics would argue that the sudden and disturbing surge in woke ideology injected into streaming entertainment started with Netflix and shows like Orange Is The New Black, "Dear White People" and Jessica Jones.  No one remembers such content anymore because it's forgettable tripe, but Netflix was definitely at the helm of the of far-left programming trend just as the Obama Administration was coming to a close.

Here's All The Key Figures Who Have Resigned Over The Epstein Files...So Far

Here's All The Key Figures Who Have Resigned Over The Epstein Files...So Far

We are starting to finally see the beginning of a series of high-profile resignations following the Justice Department’s latest release of millions of pages tied to convicted sex offender Jeffrey Epstein.

The documents—emails, financial records, and photographs—name figures from politics, finance, diplomacy, academia, and the arts. Although inclusion in the files is not evidence of wrongdoing, the renewed scrutiny has prompted several prominent leaders to step down, as was documented by Time yesterday

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