as an 8,000 jump takes the total up to 247,000. More disturbing is that the Challenger job reports showed layoffs up 47% YOY. Companies are shrinking down to weather a recession. We get the big number tomorrow with the May Nonfarm Payroll Report.

with sales plunging 68% in Portugal, 67% in France, 54% in Sweden, and 36% in Spain. Only Norway is up, where its abundant hydroelectric resources make electricity almost free. A holding back up purchases ahead of the new Model Y release in June are partly to blame. Plus, every time Elon Musk opens his mouth, the shares drop 5%, as they did yesterday. Keep your (TSLA) shorts.

up only 0.4% in May and down 0.5% YOY, usually a strong period. The effect on property REITS has been pronounced. The national median monthly rent is now $1,398 a month. Vacancies are at 7%, the highest since 2017. Oversupply is the issue.

Federal government staffing shortages from the hiring freezes have forced the Labor Department's economic statistics arm to curtail the breadth of its data collection for one of the main measures of U.S. inflation. The Bureau of Labor Statistics, beginning in April, reduced the number of businesses at which it checks prices for the benchmark Consumer Price Index report imposed on January 20.

the non-partisan Congressional Budget Office said on Wednesday. The CBO said the tariffs, which have been challenged in court cases, will raise the costs of consumer and capital goods while increasing inflation.