No Exit, Big Surprise, More Cuts as Trade Deficit Hits $901.5 Billion

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No Exit, Big Surprise, More Cuts as Trade Deficit Hits $901.5 Billion
Blackstone IncUnited States 10-YearApollo Global Management LLC Class A
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Gold rises, silver jumps after disappointing economic data, SCOTUS tariff rulingThe big news on Thursday from the Commerce Department was that the U.S. trade deficit rose to $70.3 billion in December and $901.

5 billion in 2025. In December, imports surged 3.6% to $357.6 billion, while exports declined 1.7% to $287.3 billion. Economists were expecting the trade deficit to be only $55.8 billion in December, so this was a big surprise that caused most economists to lower their fourth-quarterestimates. In fact, in the wake of the announcement of the December trade deficit, the Atlanta Fed lowered its fourth-quarter GDP estimate 3%, down from its previous estimate of 3.6%. The Commerce Department announced that its preliminary estimate of fourth-quarter GDP only rose at a 1.4% annual pace, which was substantially below economists’ consensus estimate of 2.8%. Federal government spending declined 16.6% in the fourth quarter due largely to the federal government shutdown and was a 1% drag on overall GDP growth. A higher-than-expected trade deficit was also a drag on fourth-quarter GDP growth. For all of 2025, GDP rose 2.2%. Treasury yields meandered lower after the GDP report, which will help raise the odds of another Fed key interest rate cut., excluding food and energy, also rose 0.4% and 3% in the past 12 months. The good news in the PCE report is thatPrivate credit firm Blue Owl on Wednesday announced that it permanently restricted investors from exiting one of its retail funds. Namely,slashed the value of some of its private credit holdings in the past month. The former head of Pimco, Mohamed El-Erian, on X posted the question, “Is this a ‘canary-in-the-coalmine’ moment?”on Thursday ordered the release of the government’s UFO files. Apparently, Trump was irked that former President Barack Obama leaked confidential government data when, on a podcast, he said regarding aliens that “They’re real, but I haven’t seen them.” Trump said that based on “tremendous interest shown,” he will direct the defense secretary and relevant departments to begin the process of releasing government files related to alien and extraterrestrial life, unidentified aerial phenomena, unidentified flying objects “and any and all other information connected to these highly complex, but extremely interesting and important, matters.” I texted Christopher Mellon, who released the Tic Tac video to the New York Times and featured in “The Age of Disclosure” movie about President Trump, and he said, “I think Trump is unleashing something he’ll not be able to control that will likely later require him to address the nation.”Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

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