George Hahn

On China Decode, James King reminded us that America's rivals are not watching this war as bystanders.

They're watching for leverage.

It seems the markets are finally catching up to what the war has actually done to the economy.

Last week, inflation fears sent bond yields to levels not seen since 2007, with the 30-year hitting 5.2%.

odds of a Fed rate hike before year end, which started the year below 10%, have now crossed 40%.

The bond market is sounding an alarm that the stock market has been ignoring.

On Monday's Prof G Markets, Scott discussed what the downstream effects may start to look like.

Ed explained why this time there doesn't seem to be an easy way out.

We'll be right back after the break.

Welcome back.

While economists are trying to price the true cost of a war, Wall Street is busy pricing something else entirely.

SpaceX filed to go public this week.

Target valuation $2 trillion.

trillion dollars.

That would make it the seventh most valuable company in the world, more valuable than Meta, Berkshire Hathaway, and Broadcom combined on revenues lower than Macy's.

On Monday's Prop G Markets, Ed ran the comparables.

Scott went on record with his predictions for Musk's IPO.

This is where he thinks it's headed.

And after a week of war, markets, and great power politics, the most human moment came from Thursday's Conversations episode with Gavin Newsom.

Almost eight years as governor of California, the fourth largest economy in the world.