Hello Capitalists,

If your boss shows up to your office, you probably should pay attention and Jerome Powell is about to have a very bad day… America’s railroads however are having a very good day. America’s future dominance of AI just took another step forward and Chick-fil-A just opened a restaurant in the last place you would expect.

Here’s everything you need to be following today:

• DOW: 44792.35 - (⬇️0.48) 🔴

• S&P: 6369.13 - (⬆️0.16) ✅

• NASDAQ: 21056.36 - (⬆️0.17) ✅

• CBOE VIX Volatility Index: 15.08 (⬇️0.29) ⚠️⬇️

Trump to visit the Fed today, the first President to do so in 20 years

President Donald Trump will visit the Federal Reserve on today, intensifying his ongoing campaign against Chair Jerome Powell, whom he has repeatedly criticized.

• President Donald Trump is scheduled to visit the Federal Reserve on Thursday, the first such visit by a U.S. president in nearly 20 years, escalating his pressure on Chair Jerome Powell.

• Trump has consistently criticized Powell for not cutting interest rates, even floating the idea of firing him, though legal constraints limit his authority to do so.

• The visit is seen as a challenge to the Federal Reserve’s independence, a principle traditionally respected by U.S. presidents.

• Trump’s recent discussions with Republican lawmakers about removing Powell, followed by his denial of immediate plans to fire him, highlight ongoing tensions over monetary policy.

Together with Goldco

Texas, Florida, and Missouri just rewrote the rules on money

The Governor of Florida just created a new opportunity for you. One that could put you ahead for the first time in years.I know this sounds unbelievable, but the details prove everything.

Because on May 27th, Governor DeSantis just signed HB 999 making gold and silver legal tender in Florida, following Missouri. Then on June 29th, Texas followed suit, legalizing Gold as money.

Starting next year, Starting July 2026, Texans, Missourians, and Floridians can pay state taxes with gold coins. They can buy groceries with silver. Even use PayPal for precious metals transactions.

But here’s the opportunity, if you’re bold enough: When gold restrictions were lifted in '74, smart Americans who got positioned early saw 179% gains by 1980.

That’s like getting 18.6% returns a year, for six years straight. And in the past 12 months alone, Goldman Sachs reports that its “Nearly doubled the returns of the S&P 500 Index.”

Now this new event could trigger one of its biggest moves yet.

As much as 50% or more in the coming years. But the clock’s ticking.

>>> Get the details here.

America’s biggest railroads giants want to merge

Union Pacific and Norfolk Southern just confirmed that they are in advanced merger talks to create North America’s largest railroad.

• Merger Discussions: Union Pacific is in advanced talks with Norfolk Southern to form a transcontinental railroad, combining Union Pacific’s western U.S. dominance with Norfolk’s 19,500-mile network across 22 eastern states, potentially creating a $200 billion rail giant.

• Market Impact: Norfolk Southern’s shares rose 3.5% in premarket trading, while Union Pacific’s fell 2.3%, reflecting market reactions to the potential merger, with Union Pacific valued at $138 billion and Norfolk at $63.2 billion.

• Industry Context: The North American railroad industry faces challenges like volatile freight volumes, rising labor and fuel costs, and shipper demands for reliable service, with this merger following the 2023 Canadian Pacific-Kansas City Southern consolidation.

• Regulatory Uncertainty: No assurances exist that the merger will be finalized or approved, as it would require scrutiny from the Surface Transportation Board and other federal bodies, with shippers likely to oppose reduced competition.

Trump kills “Woke AI” in flurry of Executive Orders to unleash US dominance in the AI space

President Donald Trump signed three executive orders on Wednesday to bolster U.S. leadership in artificial intelligence.

• Executive Orders Signed: President Trump’s AI-focused orders seek to promote U.S. dominance in artificial intelligence, including one titled "Preventing Woke AI in the Federal Government," which bans federal procurement of AI models deemed ideologically biased, particularly those emphasizing diversity, equity, and inclusion (DEI).

• Anti-Woke AI Stance: The administration aims to ensure federal AI systems prioritize "truth-seeking" over ideological agendas, citing past controversies like Google’s Gemini AI generating historically inaccurate images, such as diverse depictions of America’s Founding Fathers.

• Innovation and Exports: Two additional orders focus on spurring AI innovation by removing regulatory barriers and establishing an "American AI Exports Program" to promote U.S. AI technology globally, aligning with the broader "Winning the AI Race" plan that outlines 90 federal policy actions.

• xAI and Musk Connection: The anti-woke AI order echoes messaging from xAI, led by former Trump advisor Elon Musk, whose Grok chatbot has faced scrutiny for controversial outputs, including antisemitic comments and referencing Musk’s views, highlighting challenges in managing AI bias.

Socialist Mamdani is now taking fire from Democrats over his signature proposal

Zohran Mamdani, the Democratic socialist and New York City mayoral candidate, faced sharp criticism from a former colleague over his signature proposal.

• Criticism of Rent Freeze Proposal: Kenny Burgos, CEO of the New York Apartment Association and a former Democratic assembly member, labeled Zohran Mamdani’s rent freeze plan for rent-stabilized housing as a “nail in the coffin” for New York City’s housing market, arguing it would lead to insolvency rather than affordability.

• Housing Market Concerns: Burgos highlighted that nearly 40% of NYC’s housing stock is rent-stabilized, with 200,000 units already deemed “functionally bankrupt” by the NYU Furman Center, suggesting a rent freeze could exacerbate financial distress.

• Mamdani’s Campaign Platform: Mamdani, a 33-year-old state assemblyman, has made the rent freeze a cornerstone of his mayoral campaign, pledging to use all available resources to build affordable housing and lower rents for stabilized tenants.

• Political Context: The criticism comes as Mamdani, who won a surprising Democratic primary victory, faces a competitive mayoral race against independent candidates like former Gov. Andrew Cuomo and incumbent Mayor Eric Adams.

Chick-fil-A just opened a new location and its making waves

Chick-fil-A opens a new restaurant in downtown Brooklyn on Thursday, offering free meals to customers dressed in costume.

• Chick-fil-A is opening a new location in Brooklyn’s downtown area at Smith Street and Livingston Street on Thursday, starting at 6:30 a.m.

• To mark the opening, customers wearing cow costumes or black-and-white spotted accessories will receive a free breakfast or lunch/dinner entrée on opening day.

• The new restaurant, led by local owner-operator Rafael Camargo, has created over 75 jobs for the community.

• Camargo aims to foster growth and build meaningful relationships through the new Chick-fil-A, emphasizing a positive impact on the Brooklyn community.

USAF Global Strike Command just suspended use of their issued sidearm after a tragic accident (after years of rumors)

The U.S. Air Force Global Strike Command has suspended use of the SIG Sauer M18 pistol after a Security Forces airman was fatally shot when the holstered weapon discharged without trigger manipulation.

• Fatal Incident at F.E. Warren AFB: A Security Forces desk sergeant was killed when a holstered SIG Sauer M18 pistol discharged without trigger contact at F.E. Warren Air Force Base, Wyoming, on July 20, 2025.

• Air Force Suspends M18 Use: The Air Force Global Strike Command, led by Gen. Thomas A. Bussiere, issued a directive on July 22, 2025, halting all use of the M18 pistol pending an investigation into possible mechanical failure or holster compatibility issues.

• Investigation Underway: The Air Force Office of Special Investigations and safety boards are examining the incident, with security forces switching to M4 rifles while all M18 pistols undergo 100% inspections.

• Broader Safety Concerns: The incident has reignited debates over the M18’s safety, with some calling for its replacement by alternatives like the Glock 19X, amid ongoing concerns about uncommanded discharges in SIG Sauer’s P320-series pistols.