"Trump Accounts" to blitz the Super Bowl with a new ad, watch it here now
Bessent scorches screaming Democrats at wild Capitol Hill hearing
Hello Capitalists,
Here is everything you should be watching today:
Trump Accounts will run this new ad during the Super Bowl
Scott Bessent tore Democrats to shreds at the Financial Services hearing
Bitcoin’s slide intensifies as it breaks $70,000
Silver slides 12% after short lived rally
AI giants duke it out over brutal Super Bowl ads premise
Today’s markets + assets:
🔴 DOW: 48995.79 (⬇️ 1.02%)
🔴 S&P: 6815.79 (⬇️ 0.97%)
🔴 NASDAQ: 22641.56 (⬇️ 1.15%)
⚠️✅CBOE VIX Volatility Index: 20.96 (⬆️ 12.45%)
🔴 Gold: $4878.90 (⬇️1.43%)
🔴 Silver:$74.75 (⬆️ 11.38%)
🔴 Bitcoin: $65,562 (⬇️ 10.62%)
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Trump Accounts to take center stage at the Super Bowl
A high-profile Super Bowl ad funded by Invest America will promote Trump accounts during Sunday’s pre-game broadcast, highlighting a new government-backed investment program that gives every eligible American child a $1,000 seed deposit to grow tax-free until age 18. With over one million families already signed up, the spot aims to drive massive awareness for the initiative ahead of Super Bowl 60 between the Seahawks and Patriots.
Massive Awareness Push: The 30-second ad, airing on NBC right before kickoff, features children touting “free money” in pre-funded accounts as part of a major campaign including Times Square billboards and summits.
Key Program Details: Eligible kids born 2025-2028 receive a one-time $1,000 Treasury deposit on July 4, invested in a diversified U.S. stock index, with funds locked until age 18 to encourage long-term wealth building.
Extra Funding Incentives: Philanthropists like Michael Dell (pledging $6.25 billion for lower-income grants) and celebrities such as Nicki Minaj, plus employer matches aim to boost accounts beyond the government seed.
Growth Projections Cautioned: White House estimates suggest the $1,000 could compound to $243,000 by age 55 at historical returns.
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Bessent goes toe to toe with Democrats in WILD Financial Services hearing
Chaos erupted in a House Financial Services Committee hearing Wednesday when multiple Democratic representatives tried to take shots at Treasury Secretary Scott Bessent as order in the committee was barely maintained.
Watch the highlights here:
Rep. Lynch got the sharp end of Bessent’s tongue after screaming at him.
Bessent crushed rep. Waters after she told him to “Shut up!”
Rep. Garcia was in need of an explanation and Bessent provided one.
Bitcoin crashes below $70,000 barrier
Bitcoin plunged below $70,000 on Thursday for the first time since November 2024, sinking as low as $65,562 amid a brutal crypto sell-off fueled by fading investor confidence and broader risk-asset weakness, with the token now down more than 45% from its October peak above $126,000.
Key Psychological Breach : $70,000 shattered as a critical support level, with analysts warning a sustained break could accelerate declines toward $60,000-$65,000 range.
Massive Weekly Losses : Bitcoin is down nearly 17% in five days on pace for its worst week since late 2022, while Ether and Solana also post steep drops of 23-24%.
Institutional Reversal : U.S. spot Bitcoin ETFs shifted from heavy buyers a year ago to net sellers in 2026, signaling waning traditional investor interest.
Failed Hedge Narrative : Once touted as digital gold, Bitcoin has underperformed surging precious metals and instead has moved in lockstep with risk-on assets amid geopolitical and macro uncertainties.
Silver crashes 12%, a renewed slide after its brief bounce
Silver prices plunged as much as 16% Thursday, resuming a sharp downward trajectory after a fleeting two-day rebound, with spot silver dropping nearly 12% to around $77.42 per ounce amid intense volatility and unwinding of speculative positions built during its 146% surge in 2025.
Speculative Unwind Accelerates: Leveraged bets and momentum trading reversed violently, triggering stop-losses, dealer hedging shifts, and cascading losses, per Goldman Sachs, amplifying the sell-off beyond gold’s milder 2% dip.
Volatility Likened to Memes: Silver’s wild swings drew comparisons to GameStop-style retail frenzy, with excessive speculation detached from fundamentals, and Western investor flows driving the build-up and rapid unwind.
Margin Hikes Curb Excess: Exchanges like CME Group raised requirements post-sell-off to dampen speculation, potentially flushing out remaining leveraged positions before any stabilization.
Industrial Demand Persists: Despite the correction, silver’s strong long-term outlook holds due to key uses in solar, electronics, and tech, with analysts advising caution until speculative froth clears.
AI rivals clash as Super Bowl ad war explodes
Anthropic intends to unleash Super Bowl ads mocking OpenAI and their plan to introduce labeled ads in ChatGPT, vowing to keep its Claude chatbot ad-free. OpenAI CEO Sam Altman fired back on X, calling the campaign deceptive and dishonest while defending his company’s approach as user-respecting, intensifying the fierce rivalry between the two AI powerhouses ahead of Sunday’s big game.
Rivalry Roots Exposed : Anthropic, founded by ex-OpenAI researchers, positions Claude as the pure ad-free alternative in its pregame and in-game spots targeting ChatGPT’s upcoming monetization shift.
Altman’s Fiery Rebuttal : Sam Altman admitted laughing at the ads but slammed them as “clearly dishonest” and “doublespeak,” insisting OpenAI would never insert intrusive, response-altering promotions.
Ad Depiction Controversy : Anthropic’s commercials dramatize “betrayal” by showing fictional ad-riddled chatbots interrupting personal queries with jarring sponsorships, exaggerating OpenAI’s labeled bottom-of-response format.
Business Model Divide : Altman countered that Anthropic targets wealthy users with pricey access while OpenAI reaches more free users, framing the dispute as differing paths in the booming AI competition.
The ' Trump Accounts ' look AWESOME - clever placement before kickoff .....worth every penny they spent to get that coveted Spot ......... ....... GOD bless America