{"id":834035,"date":"2026-07-30T19:08:11","date_gmt":"2026-07-30T19:08:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/834035\/"},"modified":"2026-07-30T19:08:11","modified_gmt":"2026-07-30T19:08:11","slug":"10-thursday-am-reads-the-big-picture","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/834035\/","title":{"rendered":"10 Thursday AM Reads &#8211; The Big Picture"},"content":{"rendered":"<p>My morning train WFH reads:<\/p>\n<p>\u2022 The economy is just a VIP list now: The economy increasingly rewards people who can afford to never wait, mix or be observed. (<a href=\"https:\/\/yourbrainonmoney.substack.com\/p\/the-economy-is-just-a-vip-list-now\" target=\"_blank\" rel=\"noopener nofollow\">Your Brain on Money<\/a>)<\/p>\n<p>\u2022\u00a0 Blame Canada: You Aren\u2019t Going to Like What Comes After America: The New York Times opinion on the post-American world order \u2014 the Canada tariff fight, South Park\u2019s satire, and the uncomfortable truth that whatever replaces American hegemony will likely be worse.(<a href=\"https:\/\/www.nytimes.com\/2026\/07\/28\/opinion\/canada-trump-tariffs-south-park.html\" target=\"_blank\" rel=\"noopener nofollow\">New York Times<\/a>) but see also Canada\u2019s MAGA-Friendly Premier Advances Her Pro-Oil Agenda: Alberta\u2019s Danielle Smith spent three years fighting with the previous government. Now she has an ally in Ottawa also keen to sell more of the country\u2019s oil to the world. She is using the Trump playbook north of the border \u2014 pro-oil, anti-federal, and increasingly aligned with American right-wing politics.\u00a0(<a href=\"https:\/\/www.bloomberg.com\/news\/features\/2026-07-27\/maga-friendly-alberta-premier-danielle-smith-pushes-a-pro-oil-agenda-in-canada\" target=\"_blank\" rel=\"noopener nofollow\">Businessweek<\/a>)<\/p>\n<p>\u2022 Making a Statement: The FOMC statement, not the press conference, may be the best window into where the Fed is headed. Here\u2019s my mockup for Wednesday. Stay-At-Home Macro on the Fed\u2019s communication challenge \u2014 what the statement language actually signals versus what markets hear, and why the gap between the two keeps causing volatility. (<a href=\"https:\/\/stayathomemacro.substack.com\/p\/making-a-statement\" rel=\"nofollow noopener\" target=\"_blank\">Stay-At-Home Macro<\/a>)<\/p>\n<p>\u2022\u00a0Powerful AI models are being given away for free. It was inevitable.: The Washington Post on the open-model wave \u2014 free frontier AI was always where the competitive logic pointed, and the implications for Anthropic and OpenAI\u2019s business models are profound. (<a href=\"https:\/\/www.washingtonpost.com\/opinions\/2026\/07\/20\/open-model-ai-is-good-competition-anthropic-openai\/\" rel=\"nofollow noopener\" target=\"_blank\">Washington Post<\/a>) see also\u00a0A.I. Companies Are Recruiting Electricians and Carpenters by the Thousands: The data center buildout has created a blue-collar hiring boom \u2014 the New York Times on the trades workers powering the AI economy, and the training pipelines racing to keep up. (<a href=\"https:\/\/www.nytimes.com\/2026\/07\/29\/business\/economy\/data-center-electricians-training.html\" rel=\"nofollow noopener\" target=\"_blank\">New York Times<\/a>)<\/p>\n<p>\u2022\u00a0Bloomberg\u2019s post-Mike moves are in motion: Semafor\u2019s exclusive on succession planning at Bloomberg LP \u2014 the executives positioning, the structural questions, and what happens to the terminal empire after Mike. (<a href=\"https:\/\/www.semafor.com\/article\/07\/28\/2026\/bloombergs-post-mike-moves-are-in-motion\" rel=\"nofollow noopener\" target=\"_blank\">Semafor<\/a>)<\/p>\n<p>\u2022\u00a0Breakfast is Included: A travel essay on the strange, comforting universality of the hotel breakfast \u2014 and what the included buffet says about hospitality, class, and the psychology of the free meal. (<a href=\"https:\/\/read.scottmonaco.travel\/p\/breakfast-is-included\" rel=\"nofollow noopener\" target=\"_blank\">Scott Monaco<\/a>)<\/p>\n<p>\u2022 10 Foods That Food Safety Experts Never Eat: Ask someone who investigates foodborne illness for a living what they won\u2019t put on their plate, and the list is shorter\u2014and stranger\u2014than you\u2019d expect. Time surveys the people who study foodborne illness for a living \u2014 the raw sprouts, undercooked items, and buffet staples they personally refuse. (<a href=\"https:\/\/time.com\/article\/2026\/07\/23\/what-food-safety-experts-never-eat\/\" target=\"_blank\" rel=\"noopener nofollow\">Time<\/a>)<\/p>\n<p>\u2022 Ukraine is teaching Russia a lesson. The U.S. should take notes. Ukrainian drones and rockets have punished underprotected Russian assets on Crimea. Drone warfare is punishing Russia in ways the Pentagon should be studying closely \u2014 the future of conflict is cheap, autonomous, and asymmetric. (<a href=\"https:\/\/www.washingtonpost.com\/opinions\/2026\/07\/20\/ukrainian-drones-are-punishing-russia-us-should-pay-attention\/?pwapi_token=eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJyZWFzb24iOiJnaWZ0IiwibmJmIjoxNzg1MjExMjAwLCJpc3MiOiJzdWJzY3JpcHRpb25zIiwiZXhwIjoxNzg2NTkzNTk5LCJpYXQiOjE3ODUyMTEyMDAsImp0aSI6ImVlY2EzMTA1LTYyNmUtNGU1OC04NDZmLTNlMTExOTYxOWI0ZSIsInVybCI6Imh0dHBzOi8vd3d3Lndhc2hpbmd0b25wb3N0LmNvbS9vcGluaW9ucy8yMDI2LzA3LzIwL3VrcmFpbmlhbi1kcm9uZXMtYXJlLXB1bmlzaGluZy1ydXNzaWEtdXMtc2hvdWxkLXBheS1hdHRlbnRpb24vIn0.VtRbOJzy_zFs-EHvaGXsi9jNSIsC7npJ5InXmkdSEP4\" target=\"_blank\" rel=\"noopener nofollow\">Washington Post<\/a>) see also\u00a0A Misdiagnosis of US Failings Leaves Trump Stuck in Iran. Two questions arise. First, why can\u2019t US can\u2019t impose its will on Iran, a vastly weaker military power, even after obliterating its conventional naval and air defenses? And second, how can Trump fail to understand this incapacity to the extent that he\u2019s having to be restrained from fulfilling one popular definition of insanity \u2014 doing the same thing over and over in the expectation of a different result?\u00a0(<a href=\"https:\/\/www.bloomberg.com\/opinion\/articles\/2026-07-28\/a-misdiagnosis-of-us-failings-leaves-trump-stuck-in-iran?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc4NTMwMDAxMiwiZXhwIjoxNzg1OTA0ODEyLCJhcnRpY2xlSWQiOiJUSVY3MDNWVFRDWlAwMCIsImJjb25uZWN0SWQiOiI1ODZERkUzQThBNEE0QjAxQjYxRjg5RUFBODE4MzdDMSJ9.vAX9eyqGRWQ_QCkcCZ1OVSO3ReGhWuVUzND3cbQyoxc&amp;utm_source=nextdraft&amp;utm_medium=website&amp;leadSource=article-gifting\" target=\"_blank\" rel=\"noopener nofollow\">Bloomberg<\/a>)<\/p>\n<p>\u2022 Headline of the day: The Newest Status Symbol in Longevity Circles? A \u201cTop One Percent\u201d Vagina. Move over, blood boys and peptides: Influencers, start-ups, and venture capital are suddenly working overtime to help women optimize their genitals. Vanity Fair on the longevity industry\u2019s strangest frontier \u2014 biomarker testing and optimization has reached gynecology, and the wellness-industrial complex is monetizing accordingly. (<a href=\"https:\/\/www.vanityfair.com\/story\/longevity-science-top-one-percent-vagina\" rel=\"nofollow noopener\" target=\"_blank\">Vanity Fair<\/a>)<\/p>\n<p>\u2022 July\u2019s double meteor shower could produce brilliant fireballs. Here\u2019s how to see them. The Southern Delta Aquariids and Alpha Capricornids will overlap on July 30 and 31\u2014but a bright moon could make their meteors difficult to spot. The Southern Delta Aquariids and Alpha Capricornids peak simultaneously this week. National Geographic on how and when to watch. (<a href=\"https:\/\/www.nationalgeographic.com\/science\/article\/2026-double-meteor-shower\" target=\"_blank\" rel=\"noopener nofollow\">National Geographic<\/a>)<\/p>\n<p>Video of the day: <a href=\"https:\/\/youtu.be\/QDGcwfi_2i0?si=LPkef_ORAs7z3pJA\" target=\"_blank\" rel=\"noopener nofollow\">Brits Try Peter Luger Steakhouse \u2014 NYC\u2019s Most Famous Steakhouse<\/a><\/p>\n<p>Be sure to check out our\u00a0<a href=\"https:\/\/ritholtz.com\/category\/podcast\/mib\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" data-web-url=\"http:\/\/www.bloombergview.com\/topics\/masters-in-business\">Masters in Business<\/a>\u00a0<a href=\"https:\/\/itunes.apple.com\/us\/podcast\/masters-in-business\/id730188152?mt=2\" data-web-url=\"https:\/\/itunes.apple.com\/us\/podcast\/masters-in-business\/id730188152?mt=2\" rel=\"nofollow noopener\" target=\"_blank\">interview<\/a> this weekend with\u00a0Som Seif Purpose Investments, founder\/CEO, Toronto-based asset manager launched in 2012. He grew his first firm, Claymore Investments\u00a0to $8B in assets by creating 34 ETFs over 6 years, establishing it as Canada\u2019s leader in low-cost exchange-traded funds; he sold to BlackRock in 2012. Next, he co-founded Wealthsimple, which became the default investing app for a generation of Canadians. His wealth management firm, Purpose, was founded at the end of 2012, and manages&gt;$31B in ETFs, mutual funds, alternatives, private assets, and digital assets. Som was named to Canada\u2019s\u00a0Top 40 Under 40\u00a0in 2011.<\/p>\n<p>\u00a0<\/p>\n<p>Mapping Trump\u2019s crypto empire<br \/><a href=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/07\/trumpcrypto.png\" target=\"_blank\" rel=\"noopener\"><img fetchpriority=\"high\" decoding=\"async\" class=\"lazy lazy-hidden alignnone wp-image-360329\" data-lazy-type=\"image\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/07\/trumpcrypto.png\" alt=\"\" width=\"700\" height=\"433\"  \/><\/a><br \/>Source: <a href=\"https:\/\/map.citationneeded.news\/\" target=\"_blank\" rel=\"noopener nofollow\">Citation Needed<\/a><\/p>\n<p>\u00a0<\/p>\n<p><a class=\"gtrackexternal\" href=\"https:\/\/mailchi.mp\/005fb77d75b9\/ritholtzreads\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Sign up for our reads-only mailing list here<\/a>.<\/p>\n<p>\u00a0<\/p>\n<p>                    <a href=\"#\" rel=\"nofollow\" onclick=\"window.print(); return false;\" title=\"Printer Friendly, PDF &amp; Email\"><br \/>\n                    <img decoding=\"async\" class=\"lazy lazy-hidden pf-button-img\" data-lazy-type=\"image\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/07\/printfriendly-button.png\" alt=\"Print Friendly, PDF &amp; Email\" style=\"width: 112px;height: 24px;\"\/><br \/>\n                    <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"My morning train WFH reads: \u2022 The economy is just a VIP list now: The economy increasingly rewards&hellip;\n","protected":false},"author":2,"featured_media":834036,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-834035","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/834035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=834035"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/834035\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/834036"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=834035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=834035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=834035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}