Middle East tanker transits 31 May - 6 June 2026: Strait of Hormuz 1.7/day, Bab-el-Mandeb Strait 15.7/day

SoH E: 1.0/day

BAM SE: 7.7/day 

Italian coffee company Lavazza to introduce proprietary machine Tabli to brew its proprietary entirely natural compressed coffee tablets which require no recycling like K-cups do

 Italian coffee giant Lavazza launches single-serve tablets to make espresso in the U.S.

... Lavazza will officially launch Tablì in the U.S. in August. A $99.99 bundle that includes the machine, a 60-count variety pack of tabs and a milk frother is available now to pre-order on the company’s website. ... 

There was no "pre-order" tab on the U.S. website.

The question is, Will the coffee from a tablet be any good?

And, Do you want to be hostage to the company for future supply?

Personally, I prefer Kimbo to Lavazza, but I will drink Lavazza. 

My advice is to buy a moka pot and a grinder instead, and buy the beans or ground coffee of your choosing.

You will have the coffee you want when you want it, and if you never put the moka pot in the dishwasher it will last you a lifetime.

I have used several different sizes in both aluminum and stainless steel since the 1990s and have never gone back to percolators, pour-overs, French presses, drip machines, steam or pump espresso makers, et cetera. And I keep several different brands and styles of coffee going all the time.

Plus, the moka pots will work over a flame in a power outage, take up no counter space, and can travel with you at leisure or in an emergency.

And the look is . . . iconic. 

 

 

OMG CNBC story headlined "What is the average mortgage payment?" takes you to "Is a reverse mortgage right for me?"

 What is the average mortgage payment? 

https://www.cnbc.com/select/is-a-reverse-mortgage-right-for-me-/

Bait and switch much? 

AI's answer is $2,329 nationally, about $1,595 on average where I live. 

OMG, good morning, time for a donut

... more than 40% of patients reporting vomiting might limit the drug’s commercial potential ... no shit lol

Weight loss drug maker sinks 25% after new safety data spooks investors 

No new wars

Says He Never Promised No New Wars...

Trump: "I Didn't Guarantee No War," "This Is Not An Endless War"

C-SPAN

The Times of Israel 

 

 

 

Update:

Trump storms out of interview after being challenged about election fraud claims, DOJ fund 

Elon Musk still doing his part today for the team

 

Nothing good ever came out of Sweden

 

Like moths drawn to a flame, this moron has 1.2 million followers

 

OMG I hope it isn't me

 Global week ahead: Soccer isn’t the only thing that’s kicking off

CNBC seems to think this is a great header for their story

 

I have a hard time getting excited about bond yields surging 7% in the wake of the Iran war when they already surged 368% since 2020 to the end of February

100 days of the Iran war: How global markets and the economy have been affected, in charts

 ... Yields on U.S. Treasurys are among those to have surged in the aftermath of the war ... U.S. 30-year Treasury yields have surged ...

 

 

Progressive Dems wanted Biden to just shut up and disappear in 2024, and nothing has changed

 They have learned nothing.

When you adopt the narrative of your enemy, you lose. 

Jill Biden’s Book Is Last Thing Dems Need Right Now

Arwa Mahdawi, The Guardian

Jill Biden Still Trying To Gaslight Us

Washington Times

 

Whelp, that didn't take long

 U.S. confirms second Texas screwworm case, Canada restricts livestock imports

That's unfair to Harris, she came in fourth in California

Again, what doomed Democrats was betraying their sitting president in the ninth inning. 

 

Autopsy? Unhappy Biden Term Doomed '7th String' Harris

Joseph Campbell, The Hill

 

 

 

A lasting legacy of Donald Trump may be The Wall after all

 But Mexico is still not paying for it.

Trump Builds the Wall

Byron York, Washington Examiner

 

... Construction that was slow during Trump’s first term, and abandoned during Joe Biden’s time in office, is now accelerating in Trump’s second term. The key was the passage of last year’s One Big Beautiful Bill Act, which included $46.5 billion for the construction of what is now called a “smart wall” — that is, a wall that includes not only the basic structure but detection technology, cameras, lighting, and roads. 

 

According to U.S. Customs and Border Protection, 221 miles of what is called primary smart wall are currently under construction. Contracts have been awarded, and design is underway for an additional 370 miles. Another 44 miles of replacement wall are under construction, plus 183 miles of secondary wall to provide backup security in high-traffic areas where there is already a primary wall.

 

Things are moving quickly. “Construction crews are erecting five miles of wall a week, according to Customs and Border Protection officials,” reports the Washington Post.” The crews are “introducing barriers in parts of Texas that did not previously have them and installing a second wall across much of California, Arizona, and New Mexico to further deter illegal immigration.” ...

 

The U.S. federal government has spent north of 100% of what it takes in for most of the time since 1901, that's why we're $39 trillion in the hole, but 2009 and 2020 when Nancy Pelosi was Speaker of the House still stand out

 

Warren Buffett's right hand man Charlie Munger was fundamentally anti-social

 ... "You don’t need other people. The point of getting rich is so you don’t have to need other people, so you don’t have to get along with others.” ...

Quoted here. 

 

As a percentage of population, the long term unemployed ticked up to 0.72% in May 2026 from 0.66% in April

Both silver and gold have lost their 2025 mojo year to date because oil, up 68% so far in 2026, is where it's at, Jack

 

Everything sold off today

Stocks were down across the board, with the NASD 100 notably down 4.77%. The equal weight S&P 500 is down 0.52% month to date.

The Tech sector was down the most on the day, 5.78%.

The Consumer Staples sector was up the most on the day, 1.64%, which looks defensive against a possible coming recession. The Utilities sector was up half that.

The U.S. 10Y yield rose to 4.55%, and the 20Y and 30Y yields rose above 5.00. YTD return for VUSUX is now down 0.85%.

Oil retreated 3%.

Metals were down across the board, silver down over 8%.

Crypto was down across the board, too, with Bitcoin falling below $60k.

But DXY climbed! +0.658 to 100.071.

The theory is investors are upset that today's "strong" jobs numbers (the 70k hospitality hires is probably World Cup related, a one off, so forget that) indicate easy money from the Fed is now absolutely out of the question, and maybe even a rate increase is coming because the economy is running too hot, which is silly with 1Q GDP at 1.6% annualized. CNBC called that "solid" lol.

Jokers say everyone's just raising cash to buy overpriced SpaceX in its IPO next week.

Investors are taking profits ahead of SpaceX IPO, says Capital Wealth’s Kevin Simpson

SpaceX is worth less than half of its $1.75 trillion IPO target, Morningstar says