🇺🇸 NEW: Jay Clayton was sworn in as the 9th U.S. Director of National Intelligence, with Treasury Secretary Scott Bessent calling him an outstanding steward of America’s national security.
🚨 INSIGHT: Michael Burry warned the stock market may be near a major top and said a 1987-style crash is still possible despite the S&P 500 hitting a record high.
🇺🇸LATEST: Trump’s White House is reportedly excluding open-source models from its new AI review framework and has no plans to release it publicly, per Axios.
🇺🇸🇮🇷 JUST IN: The US, Iran, and Oman are closing in on an interim deal to reopen the Strait of Hormuz, with an announcement expected as soon as Wednesday, per Axios.
⚡️NOW: Arthur Hayes says AI's CAPEX boom is a 2008-style credit bubble whose government bailout will spark Bitcoin and crypto's biggest bull market since 2021.