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Your money
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$139B in new allied defense orders
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Trump opens NATO summit with a $139B defense push
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Thirty-two NATO leaders sit down in Ankara today with one big number on the table: $139 billion in new defense commitments. Trump’s message is simple — allies pledged to spend 5% of GDP on defense by 2035, and it’s time to show receipts. Roughly half the new spending is earmarked for American-made equipment. That means orders flowing to Lockheed, RTX, and General Dynamics — and a tailwind for anyone holding defense stocks. For everyone else, it means the US defense budget keeps growing past $900 billion.
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The other side: Allied purchases of US-made equipment cycle revenue back through American factories — the spending isn’t a one-way bill.
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2
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Your health
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Cat 5, 180 mph, FEMA emergency
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A Cat 5 just tore through a US territory
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Super Typhoon Bavi hit Guam and the Northern Mariana Islands on Monday with sustained winds of 180 mph. The eye passed directly over Rota, leaving flipped cars, downed power lines, and structural damage across multiple islands. FEMA declared an emergency and began staging relief. The storm also damaged Andersen Air Force Base — one of the most critical US military assets in the Pacific — during an active war in the Middle East.
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The other side: Guam has rebuilt from major typhoons before, and FEMA pre-staged supplies ahead of landfall.
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3
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Your home
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+$140/mo vs Feb low on $400K loan
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Mortgage rates won’t come down for buying season
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The 30-year fixed mortgage rate sits between 6.5% and 6.7% depending on which tracker you check. Last week’s weak jobs report briefly pushed hopes for a dip — but it didn’t stick. The Fed doesn’t meet until July 28-29, and inflation at 4.2% leaves zero room for a cut. If you’re buying this summer, the rate on your quote isn’t getting better soon.
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The other side: Fannie Mae still projects rates settling near 6.4% by year-end if the economy keeps softening.
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