The Consumer Sentiment Index in the United States slipped by 6.2% in November compared to the previous month, to stand at 50.3, a preliminary report posted by the University of Michigan showed on Friday. The figure plunged 29.9% on an annual level. The Current Economic Conditions Index slumped 10.8% in the reported period compared to October and lost 18.2% compared to November 2024, amounting to 52.3 points. The Index of Consumer Expectations declined 2.6% on a monthly basis, but nosedived 36.3% on a yearly basis, coming in at 49. “Year-ahead inflation expectations inched up from 4.6% last month to 4.7% this month and remained well below readings in May in the wake of the initial announcements of major tariff changes. Long-run inflation expectations declined from 3.9% last month to 3.6% in November. These expectations are now below the midpoint between the readings seen a year ago and the 2025 peak reading from April,” the report stated.
Pezeshkian: Iran will not abandon its nuclear program
Iranian President Masoud Pezeshkian declared on Friday that the country will not abandon its nuclear program or its defensive missile program. According to state media, the Iranian president pointed out that Tehran is “willing” to negotiate over the country’s nuclear program, but stressed that the missile program is “off the table.” Furthermore, he reiterated that Iran seeks peace, but will not “bow to coercion.” Last weekend, Pezeshkian stated that Iran does not intend to make nuclear arms, but instead wants to expand its nuclear industry.
NN: Mankind deserves to get nuked by Iran. The only thing highly enriched uranium is good for is building nukes. And Iran is hell bent on building nukes. In fact if they want nukes so bad i think we should drop a few of them on their heads
Challenger: Job cuts soar 183% in October
Job cuts in the United States jumped 183% in October compared to the previous month, according to a Challenger, Gray & Christmas Inc. report published on Thursday. There were 153,074 cuts last month, compared to 54,064 in September. Annually, job cuts surged 175%. The tech sector was the biggest contributor at 33,281 job cuts, followed by retail at 2,431 and services at 1,990. In the year through October, employers announced 488,077 planned hires, 45% less than a year ago and the lowest number since 2011. “Some industries are correcting after the hiring boom of the pandemic, but this comes as AI adoption, softening consumer and corporate spending, and rising costs drive belt-tightening and hiring freezes. Those laid off now are finding it harder to quickly secure new roles, which could further loosen the labor market,” Challenger, Gray & Christmas Chief Revenue Officer Andy Challenger said.
NN: The layoffs are a result in part of the spreading economic slow down. This economic cycle is peeking. Stock market and all. As far as far as AI induced job losses. Its the last thing that they want people to know. it’s their dirty little secret!
NN: Now you understand why the youngsters have fallen hook, line and sinker for the NY free everything commie lies.
Israel: Mamdani’s election ‘deeply concerning’
Israeli Deputy Foreign Minister Sharren Haskel said on Wednesday that the election of Democratic candidate Zohran Mamdani as New York City mayor is “deeply concerning given his history of anti-Israel and anti-Jewish rhetoric.” The minister ensured that the Israeli authorities will keep working on securing “safety and dignity” of the Jewish community inAdditionally, Israeli Diaspora Affairs Minister Amichai Chikli slammed Mamdani in a post on X, calling him a “Hamas supporter, and called on Jews living in New York to flee to Israel. He insisted that the change of New York’s stance on Jews began with anti-Israeli protests at various US universities, “especially Columbia University, which became the stronghold of Hamas support in the United States – and reached its peak this morning, when the last of the bullies who back Hamas’s rapists and murderers was elected mayor.”
NN: If you are stacking boxes maybe you should get a skill. If your riding a deliver bike you need to finish colleges. If you are getting burned at the French Fry machine sober up and start a business. Warning! This sucking off others looking for free rent, free food and free medical the commie dream will only cement you in your poverty
See pod cast: Islam Rising.
Bitcoin drops 6% to under $100K amid market turmoil
The cryptocurrency market declined sharply on Tuesday, with Bitcoin falling 6% and slipping below $100,000, the lowest level since June.
The slide follows rising investor caution amid economic uncertainty and comments from Federal Reserve Chair Jerome Powell suggesting rates may stay elevated longer.
Bitcoin hit a low of $99,933 before climbing to $100,460 by 1:49 pm ET, down 5.7%. Ethereum dropped 9.2% to $3,272, turning negative for the year.
NN: we are shorting the shit out of Bitcoin
USA Russian Sanctions Will Drive Strong Upside in Oil
Skandinaviska Enskilda Banken AB (SEB)in a report sent to Rigzone by the SEB team on Thursday, SEB Commodities Analyst Ole R. Hvalbye outlined that “fresh U.S. sanctions reignited strong upside momentum” in the oil market. “The U.S. has now announced sanctions targeting Russia’s two largest oil producers, Rosneft PJSC and Lukoil PJSC, effectively blacklisting both companies,” Hvalbye said in the report. “Washington cited Moscow’s lack of progress toward peace in Ukraine, marking a significant escalation in pressure on President Vladimir Putin to enter negotiations,” he added. Hvalbye stated in the report that a full blacklisting would, at least in theory, make it very difficult for Rosneft and Lukoil barrels to reach the market. “Rosneft produced nearly 3.7 million barrels per day during the first half of 2025, while Lukoil’s Russian assets contributed roughly 1.6 million barrels per day of oil and condensate output (2024 data),” he noted. “Together, the two companies account for almost half of Russia’s total crude exports, underscoring the scale and impact of Washington’s move. Rosneft, led by Igor Sechin, and privately held Lukoil are by far Russia’s largest oil producers and central to the country’s energy income,” he added. China and India have become Russia’s largest oil customers as most Western nations have shunned direct purchases. So far, Trump has imposed steep tariffs on Indian goods but stopped short of taking direct action against Chinese buyers, something that could change if geopolitical tensions escalate further,” Hvalbye warned.
Rystad Energy team Head of Geopolitical Analysis, Jorge Leon, said “the latest U.S. sanctions on Russia’s largest oil producers represent a significant and unprecedented escalation in Washington’s pressure campaign against Moscow”. Market fears that Russian crude exports – particularly to India, one of its key customers – could fall sharply,” he added. “Combined with the recent wave of attacks on Russian oil infrastructure, these sanctions raise the prospect of major disruptions to Russian crude production and exports, heightening the risk of forced production shut-ins,” Leon continued. “If Russian production is curtailed, Moscow would find it economically and politically unviable to support further output increases within the alliance,” he said. “Such a scenario could reignite internal tensions within OPEC+, as member countries weigh the need for market stability against their own fiscal imperatives in an environment of heightened uncertainty,” he added. “The big question now is whether Washington’s latest sanctions will be enough to draw Moscow back to the negotiating table – and, if they fail to do so, what options remain to increase pressure without crossing the line into open confrontation,” Leon noted.
NN: In my humble opinion Russia will not back down. Neither will Iran or Venezuela, And that means $100 Brent here we come. Please note i have been insisting their will be no peace in the valley.
US could send troops to Mexico to fight drug trade
The United States is preparing plans to send troops to Mexico for an anti-drug trafficking operation, NBC News reported on Monday. The mission is still allegedly in the early stages, which involve training and outlining its scope. According to unnamed current and former US officials, the military would “mainly use drone strikes to hit drug labs and cartel members and leaders,” supported by intelligence officers, and its actions would not be revealed to the public. The sources added that the mission would not work against the Mexican government.
NN: Their is a reason why things are so cheap in Mexico and for that mater Latin America. Its the scourge of the drug cartels. Who grow mightier by the day. The world can no longer ignore them. Which means if you live in these bargain priced shit holes you will get caught in the cross fire,
OPEC chief sees 1.3M bpd demand rise in 2025
OPEC Secretary-General Haitham Al-Ghais (pictured) revealed on Monday that global oil demand is expected to grow by 1.3 million barrels per day in 2025. Speaking at the ADIPEC energy conference in Abu Dhabi, he stressed that OPEC has been “consistently and regularly” returning barrels to the market to maintain stability. The statement comes a day after OPEC+ agreed at its Sunday meeting to raise total oil output by 137,000 barrels per day, with production increments set to pause after December through March 2026. Al-Ghais noted the group continues to see “good signs for demand” and does not anticipate major surprises ahead. “The demand for oil and gas is here to stay,” he emphasized, noting that OPEC retains the flexibility to alter, pause, or reverse its production decisions when necessary.
NN: The demise of OPEC AND CRASH IN OIL PRICES is greatly exaggerated
OPEC+ to Pause Output Hikes After Small December Increase
OPEC+ agreed to make another small output increase in December but will pause further hikes for the following three months, as the group balances its push for market share against signs of an emerging supply glut. Key members led by Saudi Arabia agreed during a video conference on Sunday to revive about 137,000 barrels a day next month as expected, matching increases scheduled for October and November. However, the group announced it will hold off on further increases during January to March. The proposal was raised to account for weaker seasonal demand, according to a delegate The Organization of the Petroleum Exporting Countries and its partners have been drip-feeding the return of 1.65 million barrels a day halted two years ago, after rapidly restarting another layer of production earlier this year. However, signs have been mounting that a long-awaited surplus is emerging, amid warnings of a bigger glut next year. The meeting also takes place against a backdrop of increased pressure on Russia, the co-leader of the alliance, after the US sanctioned its two largest oil producers last month in a major escalation. While the move helped support prices after they dropped to a five-month low, one delegate said earlier that it’s too early for OPEC+ to gauge the overall market impact of the measures. Meanwhile, Saudi Crown Prince Mohammed bin Salman heads later this month to Washington to meet President Donald Trump, who has repeatedly called on OPEC to help bring down fuel prices. OPEC+’s actual output increases have fallen significantly short of the advertised volumes, as some members offset earlier overproduction and others struggle to pump more, limiting the impact on the market. OPEC+ has repeatedly said that its decision to revive production this year — despite industry-wide warnings of a price slump — has been driven by “healthy market fundamentals” and low inventory levels. The resilience of prices for much of the year, even as the group restored a 2.2 million-barrel supply tranche a year early, partly validated its stance. Yet there are increasing signs that, with demand in top consumer China cooling and supply across the Americas booming, the world market is now tipping into oversupply. Top trading houses like Trafigura Group say the excess has arrived, pointing to an accumulation of barrels on the world’s tanker fleet. The International Energy Agency in Paris predicts that world supplies could exceed demand this quarter by more 3 million barrels a day, and then balloon to an unprecedented glut next year, at least on paper. JPMorgan Chase & Co. and Goldman Sachs Group Inc. forecast further price losses below $60 per barrel. The market downturn is inevitably taking a toll on oil producers such as America’s shale drillers. While the US remains the biggest source of supply growth this year, it’s projected to stall in 2026, and shale executives have warned that as investment ebbs, the industry is hitting a “tipping point.” Saudi Arabia’s departure from years of effort to shore up crude prices is also having consequences for the kingdom itself. The country’s budget deficit deepened in the third quarter, and it has been forced to scale back spending on some economic transformation projects, including the futuristic city of Neom. The full 22-nation OPEC+ alliance is due to meet on Nov. 30 to review production levels for 2026.
NN: Another worry out of the market
Israel says remains handed over by Hamas not hostages’
Israeli authorities confirmed on Saturday that partial remains transferred by Hamas through the Red Cross do not belong to any of the remaining hostages. The forensic analysis was completed at the Abu Kabir institute in Tel Aviv, following the handover late Friday. Eleven hostages confirmed to have died are still held in Gaza. Neither the Israeli government nor Hamas issued a public statement about the remains, but the Times of Israel reported that identification efforts ruled out any match.