Wall Street Journal reported NASA Administrator Jared Isaacman flew a vintage fighter at the Washington airshow despite opposition from the Federal Aviation Administration; flights he had offered to Treasury Secretary Bessent, White House deputy chief of staff Dan Scavino and senior adviser Chris LaCivita were canceled.

Rutte, who became NATO secretary-general in 2024, told the Wall Street Journal that the immediate challenge has shifted from securing pledges to delivering weapons and combat-ready forces as hundreds of billions of dollars flow into European militaries. A year ago it was about commitments to raise spending, he said; this year the key is delivery. He said roughly $300 billion of equipment has been ordered from US firms and warned NATO is essentially hitting its absorption limit. Governments face two bottlenecks: industrial capacity — strained by restocking after the Ukraine conflict and heavy ammunition use by the US and allies in the war with Iran — and the ability to recruit and train personnel to expand operational forces.

Craig Shapiro, senior macro strategist and cross-asset trader at Ninja Trader Live, says Fed chair Kevin Warsh sounded optimistic on growth—largely citing AI—while falling oil has pushed down inflation breakevens. Shapiro adds that although the bar for further hikes may be higher than markets expect, the bar for cuts is even higher; with Warsh hinting that balance-sheet reduction may take longer, meaningful labor-market deterioration would likely be required to trigger easing. He cautions that if evidence of a labor slowdown mounts while the Fed delays policy easing amid still-elevated inflation, risk assets would likely come under pressure, making rotations from AI into higher-beta cyclical names or small caps harder and favoring defensive sectors and possibly gold.