Ukraine Aid, Trump's National Guard Plans, and Fed Inflation Watch

Canada's Support for Ukraine

• 🇨🇦 Prime Minister Mark Carney visited Ukraine, pledging nearly $2 billion in support, including funding for drones, ammunition, armored vehicles, and humanitarian aid.
• 🤝 Carney affirmed Canada's unwavering support, stating, "Canada stands with Ukraine... every step of the way in your fight to defend your sovereignty."
• 🕊️ Ukrainian President Volodymyr Zelenskiy anticipates security guarantees for post-war Ukraine will be finalized soon, though no peace deal with Russia is in sight.

Trump's National Guard Proposal

• 🇺🇸 Former President Trump expressed plans to expand federal National Guard deployments beyond Washington D.C., specifically mentioning Chicago and potentially New York.
• 🏙️ Chicago Mayor Brandon Johnson voiced opposition, stating this is not what the city needs to flourish.
• 🗣️ New York City Mayor Eric Adams and Republican mayoral nominee Curtis Sliwa also opposed the idea, with Adams asserting, "We got this."
• 🛡️ Military officials are reportedly sketching plans for deploying thousands of National Guard members, with the use of active-duty forces also under discussion.

Classified Documents Investigation

• 🔍 The FBI searched former national security adviser John Bolton's home, reportedly in connection with a classified documents investigation.
• ⚖️ Vice President J.D. Vance commented that while classified documents are part of the inquiry, there's a broader concern about Bolton, and prosecution would depend on whether a crime was committed.

Federal Reserve and Inflation

• 📈 Following Fed Chair Jay Powell's dovish comments on inflation, Wall Street saw a major rally, with the Dow reaching a record high.
• 🗣️ A series of Federal Reserve officials are scheduled to speak this week, including John Williams, Lorie Logan, Tom Barkin, and Christopher Waller, discussing monetary policy and inflation.
• ⚠️ Powell warned about the lurking danger of tariffs, noting their visible effects on consumer prices and the potential to accumulate over coming months.
• 📊 Bloomberg Economics reports that strong inflation numbers and firms passing through tariff costs could raise the risk the Fed may not cut interest rates.

SpaceX and Tech News

• 🚀 SpaceX successfully launched its third Dragon spacecraft flight for a resupply mission to the International Space Station.
• 💻 Nvidia CEO Jensen Huang reportedly plans to seek permission to sell more powerful chips to Chinese companies.