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LARRY KUDLOW: We need a big, ambitious, pro-growth budget bill

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LARRY KUDLOW: Hormuz will not stop history

When Republicans go for tax cuts and economic growth, they win elections. When they ignore the growth message, and especially when they ignore the growth message and spend more and more taxpayer money, they lose elections. It’s a simple formula, and I am worried that they are about to make a big mistake.

It’s not that our economy is collapsing, it is most certainly holding up very well during wartime. But there is $4 gas and a lot of prices are still rising. And affordability is important. And even the dependable TIPP poll shows that four out of 10 voters think their taxes are higher this year, and only one out of 10 think they’re lower. This despite the numerous tax cuts in the One, Big, Beautiful Bill, which regrettably was never properly sold to American voters.

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Last night, I respectfully suggested this to a Senate leadership Republican, Shelley Moore Capito. “I don’t understand what you all are doing with these bills. You’re not going to re-fund” the Department of Homeland Security, I said. “No tax cuts, no inflation indexing for capital gains, no Pentagon military supplement, no voting rights bill, no waste, fraud, and abuse.” 

I added: “Senator Capito, you have to help me because I don’t understand. I think you are all going down the wrong road, ma’am” And she defended the narrow bill.

Yet I think there’s only going to be room for one big budget bill that could pass with 50 votes plus the vice president. This is the reconciliation process. The way matters stand now, the Senate is pushing a so-called “skinny” bill that just finances ICE and CBP for 3.5 years, for about $70 billion. 

Now I’m all for border security and ICE and the Customs bureau. Oddly enough, though, the rest of DHS, Coast Guard, the Federal Emergency Management Agency, and the Transportation Security Administration is not even included in this bill. Then again, the whole world wants voting rights reform to require photo identification and citizenship proof. But the GOP is ignoring that. Go figure. With $4 gas, a necessary casualty of destroying Iran, which I fully support, it’s a small price to pay. nonetheless working folks could use some more money in their pockets with more tax cuts.

Going back to President Reagan, supply-side tax cuts have always resonated positively with voters. President George W. Bush won the midterms by defending America against jihadists and by across-the-board tax cuts. That was back in 2002. Inflation index capital gains might perk up home sales to help the housing slump. Lowering marginal tax rates at least for the middle incomes. And what about waste, fraud, and abuse?

The Medicare administrator, Mehmet Oz, has already found $100 billion worth at Los Angeles alone. Where’s that in this budget? What about filling out the DOGE waste, fraud, and abuse? Hundreds of billions of dollars multiplied over 10 years would be phenomenal deficit reduction, on top of a growthier economy.

So far, we’re not hearing anything about these crucial policies. And they are popular policies. And my best guess is there’s only going to be one bite out of the fiscal apple, just like last year when I made the exact same argument. Let’s have popular policies that will attract all of the Republicans to a more ambitious budget bill that will show real leadership and accomplishment going into the midterm elections.

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Please stop telling me what you can’t do and instead start telling working folks everywhere what can be done to help them out and make America growthier again. That’s a midterm victory.

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Virgin Galactic amends terms of 9.80% first lien notes due 2028

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Virgin Galactic amends terms of 9.80% first lien notes due 2028

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Common Observations Westerners Notice in Thailand Within a Few Days

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Thailand's central bank cuts its 2026 GDP growth forecast to 1.3%

Westerners in Thailand notice unique street food, vibrant markets, beautiful temples, friendly locals, chaotic traffic, respectful gestures, and cultural practices, all contributing to a richly immersive experience within 30 days.

Unique Transportation Modes

In Thailand, Westerners quickly notice the distinctive transportation modes. The vibrant tuk-tuks and bustling motorbike taxis dominate the streets, offering a lively and efficient way to navigate through the city. Public transportation also includes the iconic red songthaews and an extensive network of buses and trains, contrasting with the car-heavy reliance many Westerners are accustomed to. This variety adds a unique charm to daily commutes and tourist explorations.

Diverse Culinary Experiences

Thailand’s culinary landscape is an immediate stand-out for Western visitors. Street vendors line the avenues, offering an array of tantalizing dishes like pad Thai, som tam, and mango sticky rice. The flavors are often bold and spicy, differing significantly from typical Western cuisine. Mealtime becomes an adventure in itself, with the abundance of fresh, locally sourced ingredients and a vibrant mix of tastes and aromas inviting exploration and appreciation.

Warm and Welcoming Culture

The Thai culture is marked by a genuine warmth that leaves a lasting impression. Known as the “Land of Smiles,” the friendly demeanor of the Thai people makes interactions pleasant and welcoming. Social customs, such as the respectful wai gesture, highlight the country’s emphasis on politeness and kindness. Westerners often find this cultural trait refreshing and heartening, fostering a deeper connection and appreciation for Thailand’s rich traditions and hospitable environment.

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Some Observations Westerners Make in Thailand

In Thailand, Westerners quickly notice a delightful blend of contrasts. The vibrant street markets captivate with their bustling energy, offering everything from delicious Thai street food to intricate handicrafts. The politeness embedded in the wai greeting and the monks collecting alms each morning present unique cultural norms. Thailand’s rich spiritual atmosphere, with its ornate temples and ubiquitous spirit houses, leaves a lasting impression. The love for spicy food, as seen in dishes like som tam and tom yum, challenges taste buds but is undeniably addictive.

Transport is another eye-opener, with tuk-tuks weaving through traffic and motorbikes laden with entire families. Thai time, a more relaxed approach to punctuality, contrasts sharply with Western expectations. Nature lovers appreciate Thailand’s lush landscapes, from the serene northern mountains to the pristine southern beaches. The prevalence of street animals, especially cats and dogs, evokes both surprise and affection. Observing these nuances over 30 days reveals a nation of warmth, vibrancy, and enchanting diversity, leaving Western visitors both charmed and enlightened.

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Life Time Group Holdings elects directors and approves proposals at annual meeting

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Life Time Group Holdings elects directors and approves proposals at annual meeting

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CapitaLand China Trust (CLDHF) Q1 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

CapitaLand China Trust (CLDHF) Q1 2026 Earnings Call April 22, 2026 8:00 PM EDT

Company Participants

Xiuyi Ng – Manager of Investor Relations of CapitaLand China Trust Management Limited
Kin Leong Chan – CEO & Executive Non-Independent Director of CapitaLand China Trust Management Limited
Lintong Yan
Hong You – Head of Investment & Portfolio Management of CapitaLand China Trust Management Limited

Conference Call Participants

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Terence Lee – UBS Investment Bank, Research Division
Geraldine Wong – DBS Bank Ltd., Research Division
Vijay Natarajan – RHB Research Institute Sdn Bhd

Presentation

Xiuyi Ng
Manager of Investor Relations of CapitaLand China Trust Management Limited

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Good morning, everyone. Welcome to CLCT’s 1Q 2026 Analyst Briefing. I’m Xiuyi, Investor Relations for CLCT. With me today, we have our CEO, Gerry; CFO, Joanne; CFO Designate, Lintong; and Head of IPM, You Hong.

For this meeting, we will start with a brief presentation followed by a Q&A session. [Operator Instructions]. So with that Gerry, please go ahead.

Kin Leong Chan
CEO & Executive Non-Independent Director of CapitaLand China Trust Management Limited

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Thanks, Xiuyi. Welcome everyone to CLCT’s first Q 2026 business update. Thank you again to making some time this morning to attend this presentation. This is update. So I think it will be relatively short. There’ll be more Q&A time later.

So CLCT, we are the first and largest China-focused S-REIT. So now, of course, we also have connectivity to the C-REIT market through us jointly listing a C-REIT on the Shanghai Stock Exchange with our sponsor. Our current total asset is SGD 4.5 billion. We have 8 retail malls, 5 business parks, 4 logistics assets. And most of our assets are in Tier 1 and Tier 2 cities. Distribution yield using FY 2025 DPU with the unit price now is roughly about 7.5%, right? That reflects some of the unit price movement from the broad market winners after the start of

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Magnetar funds sell $75.8m in CoreWeave (CRWV) stock

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Magnetar funds sell $75.8m in CoreWeave (CRWV) stock

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Kinetik Holdings: I Squared Capital-linked entities sell $7.7m stock

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Kinetik Holdings: I Squared Capital-linked entities sell $7.7m stock

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S&P 500 Earnings: A Broken Record – Positive Revisions, Revenue Growth Worth Noting Again

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U.S. Earnings Season Ends On Strong Note

S&P 500 Earnings: A Broken Record – Positive Revisions, Revenue Growth Worth Noting Again

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FM must rethink – The Economic Times

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ET Search
This refers to ‘We withdrew stimulus last year!’ (ET, Mar 4). TT Ram Mohan has rightly suggested that the tax-GDP ratio measures structural improvement. The FM must rethink his medium-term debtto-GDP target. Losing substantial revenues by cutting I-T rates seems odd. If oil breaches $75-80, the FM will have to hike petroproduct prices and borrow more. Most sectors like FMCG are raising prices sharply due to hikes in excise duties and fuel taxes. Macro-economic conditions like hefty government borrowings, tight monetary control and a fiscal strategy relying on uncertain disinvestment/spectrum auction proceeds, will impinge on private investments in 2010-11. D B Naik
Mumbai, March 4

Add ET Logo as a Reliable and Trusted News Source

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Salboy launches Hidden aparthotel brand in Cornwall as developer achieves ‘not so hidden’ ambition to move into hospitality

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St Ives scheme will be the first of several launches by developer behind Manchester’s tallest tower scheme

Hidden St Ives is the first destination  under Salboy's new Hidden brand

Hidden St Ives is the first destination under Salboy’s new Hidden brand(Image: Salboy)

Developer Salboy has moved into the hospitality market with the launch of its own boutique aparthotel brand.

The group co-founded by betting entrepreneur Fred Done will open its first Hidden location in May in St Ives, Cornwall – and plans to open another site soon in its Greater Manchester heartland as it begins its national rollout.

Salboy is best-known for its Manchester high-rise schemes, including Viadux off Deansgate and the upcoming Nobu Manchester, set to be the tallest British tower outside London. That 76-storey tower will include a restaurant by Nobu, the restaurant group backed by Hollywood legend Robert De Niro.

Salboy bosses have now developed their own Hidden hospitality offer, focusing on aparthotel developments they say “combine the independence and privacy of an apartment with the ease of a hotel”. Each scheme will be developed by Salboy in partnership with local contractors, and the group says there are “a number of Hidden projects in development in popular tourist destinations throughout the UK”.

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Hidden St Ives will welcome its first guests in mid-May. That project, developed on the site of a former hillside hotel 10 minutes walk from the centre of the famous seaside town, will include 18 two-bedroom apartments.

Simon Ismail, CEO of Salboy, said: “As a developer of thousands of UK homes and serviced apartments, as well as a partner to global luxury hospitality brands, it’s become our not-so-hidden ambition to venture into high-end hospitality in our own right. There’s high demand from discerning travellers for boutique, design-led holiday rentals in many of the UK’s most attractive, tranquil and historic locations, but many of the holiday let options on the market simply don’t reach their expectations.

“Every Hidden aparthotel is designed to cater to people looking for more than just a place to stay. Hidden goes further to help visitors step out of the fast lane, slow down and tune into the stunning natural environment around them. We’re hand-picking and painstakingly designing every Hidden destination to provide quiet, restful, unplugged stays, while also enabling guests to appreciate the sort of high quality concierge, housekeeping and chauffeur services they’d expect from a large luxury hotel brand.’

Hidden St Ives is the first destination  under Salboy's new Hidden brand.

A bedroom at Hidden St Ives(Image: Salboy)

Salboy’s operations director Miz Herrara, who will lead the growth of Hidden in the UK, said: “It’s a huge honour to bring the high standards of quality and delivery that Salboy has become known for in the development and longer-term lettings space to this high-growth, sought-after market. We’re hugely excited about welcoming our first guests to Hidden St Ives this spring, and unlocking more hidden pockets of the UK for guests to enjoy over the next few years.”

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The Hidden launch follows the unveiling of Salboy Construction in 2026 and the start of the Salboy Property Development Roadshow programme in March.

Mr Ismail said: ‘After more than 12 years developing, financing and building in the UK property market, the expectations we have of ourselves, our schemes, our services and our partners are as high as ever. At Salboy, we are constantly pushing ourselves to think differently about the way this industry needs to evolve to bring the highest levels of service and end-product to clients. The aparthotel market underserves discerning high-end travellers and we are bringing a Salboy solution to that problem.”

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Calix, Inc. (CALX) Analyst/Investor Day Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Q1: 2026-04-21 Earnings Summary

EPS of $0.40 beats by $0.03

 | Revenue of $279.98M (27.13% Y/Y) beats by $2.48M

Calix, Inc. (CALX) Analyst/Investor Day April 22, 2026 10:00 AM EDT

Company Participants

Michael Weening – CEO, President & Director
Shane Eleniak – Chief Product Officer
John Durocher – Chief Operations Officer
Gavin Keirans
Brad Moline
Cory Sindelar – Chief Financial Officer

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Conference Call Participants

Scott Hendrix
Bradley Moline – Allo Communications, LLC
Brian Stading
Gavin Keirans – Blue Stream Communications, LLC
Michael Genovese – Rosenblatt Securities Inc., Research Division

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Conversation

Michael Weening
CEO, President & Director

Good morning. Thanks, everyone, for coming. We really appreciate you joining us here on Investor Day 2026 at this incredible time in our company and also in the industry.

So that was a video that we showed at Connexions back in October when we were actually on this path to where do we go from a company and how do we actually transform our customers’ business. And that’s what we’re going to talk about today because now it’s real and it was accomplished on — in the end of March. So for today, what we’re going to walk through is a number things. First, we’re going to walk through our mission in the future. Where is Calix going to go and what’s the opportunity ahead? Then we’re going to go through that opportunity and identify what do we see here as the advantage for our company? What’s the platform innovation that we can deliver to the industry? And then John he’s going to come up and he’s going to talk about how do we accelerate customer success. Because as we said to our investors day in, day out, our success is predicated on the success of our customers. When they add a subscriber, we win. When they reduce churn, we win. And it’s all about how do we invest to help them do that at a faster pace.

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Then we’re going

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