INTEL: STIFEL RAISES TARGET PRICE TO $75 FROM $65

1. Orders to Sink Any Ships Mined in the Strait of Hormuz —US President Trump: I have ordered the Navy to sink any ships that have laid mines in the Strait of Hormuz (all 159 Navy ships have been sunk). Our minesweepers are currently clearing the strait. I hereby order this operation to continue and be tripled in intensity. 2. “Completely Blockade” the Strait of Hormuz —US President Trump posted on his “Real Social” social media account that the United States has complete control of the Strait of Hormuz. He stated that no ship can enter or leave the strait without the approval of the US Navy, and the strait has been “completely blocked” until Iran agrees to an agreement. 3. Claims Chip Companies Must Return to the US—Trump: All chip companies must return to the United States. (The US) will soon hold nearly 50% of the chip market. 4. No Nuclear Weapons Against Iran —When asked on Thursday whether he would use nuclear weapons against Iran, US President Trump said it was a stupid question and that he would not use nuclear weapons against Iran, adding, "I've already crushed them without nuclear weapons." 5. Military Option Remains Open to Iran —US President Trump stated that he "doesn't want to rush things" as negotiations with Iran continue, emphasizing that the Iranian leadership is currently in a state of "instability." He also stated that he is awaiting an agreement, adding, "If they are unwilling to reach an agreement, we will take action militarily." 6. Investigation into Insider Betting —Trump stated that he will investigate insider betting and betting activities by federal personnel in prediction markets; regarding insider trading about war, he said, "The whole world is a bit like a casino," adding that he has never been a staunch supporter of these betting platforms. 7. Considering Helping Spirit Airlines—US President Trump: We are considering helping Spirit Airlines, possibly acquiring it. We are looking at whether we can acquire the company at the right price. 8. Demands UK abolish digital services tax – Trump: If the UK does not abolish its digital services tax, tariffs will be imposed. 9. Alternative investigation of the Federal Reserve – Republicans are urging Trump to drop federal prosecutors' investigation into the Federal Reserve's renovation project, while Trump hints he might accept an alternative form of investigation.

CHINA FINANCE MINISTRY AUCTIONS 1-YEAR BONDS AT 1.06 PCT YIELD - TRADERS CHINA FINANCE MINISTRY AUCTIONS 30-YEAR ULTRA-LONG SPECIAL TREASURY BONDS AT 2.20 PCT YIELD - TRADERS