Update 6-28-25 (Iran)

The most important event last week was that the US bombed Iran’s nuke sites. It was an outstanding success. The latest GoodFellows is excellent:

 **Call Him Daddy: Assessing America’s Strike On Iran | GoodFellows (6-28). I agree with almost every point: Israel’s extraordinary intelligence work, the brilliant technical achievement, and others. History will praise this highly. Deterrence is very important to avoid war. This success goes a long way to reestablish deterrence, which was discussed at the end of this GoodFellows. 

The Australian has a piece providing some context: Michael Green, Risk-reward analysis says Iran strike a no-brainer, 6-23, 2025 - p11. Michael Green was a member of GW Bush’s team which faced a similar difficult decision. A very good commentary. 

More news: 

1. *Gen. Keane: I've never seen anything like this (6-27) 

2. *Gen. Keane: We are looking at the end here (6-21)  

3. *China Beige Book CEO: Saw falloff 'in just about everything' in China's economy in June (6-27)  

Economy & AI 

Full interview with S Bessent is very good, covers many areas: 

*Watch CNBC's full interview with Treasury Secretary Scott Bessent (6-28) 

Also: 

1. *Fault lines beneath roaring AI trade (CNBC tech check 6-27) 

2. *Goldman’s Kaplan on Powell, Tariffs, Harvard, Texas (6-26) 

Health 

*Dr. Gottlieb CDC's new vaccine advisory board: The consequences will be felt for years (6-28) 

Additional World References

1. Trump says he’d bomb Iran AGAIN ‘without question’ if they did this (6-28) 

2. China, Coalitions, and the Future of Asian Security with Ely Ratner | Hoover Institution (6-27) 

3. The Real Iran Story BOR (6-25) 

4. NATO Summit Outcome 'Great Success' for Alliance, Finland's Stubb Says (6-26) 

5. Former MI6 Chief: Iran Problem Not Going Away (6-26) 

6. Peter Doocy: FBI investigating Iran intel leak to CNN, NY Times (6-26) 

7. *'SAD STUFF': Gen. Keane sounds off over Iran strike intel report leak (6-26) 

8. Gen. Keane: 'Overwhelming evidence' Iran's nuclear program was set back years (6-26) 

9. 'DESPERATE': Ret. four-star general says Iran is 'weakened' after US strikes (6-24)  

10. Watters: Trump doesn't have time for this fake news (6-25) 

11. 'PREPOSTEROUS': Trump envoy sets the record straight on leaked intel report (6-25)  

12. Israel Just Launched A Bombing Attack On Iran. Is It Legal? (6-25)  

13. Iran's regime will be 'replaced' or 'renounced': General Wesley Clark | Wake Up America (6-24) 

14. BREAKING: Trump announces Iran, Israel have agreed to 'complete and total ceasefire' (6-24) 

15. Watters: Trump doesn't have time for this fake news (6-25) 

16. WSJ 6-22 Aboard Marine One, a Phone Call and the Decision to Strike Iran  

17. Walter Russell Mead, WSJ  6-23 Trump’s Political Calculus on Iran 

18. Iran's regime will be 'replaced' or 'renounced': General Wesley Clark | Wake Up America (6-24) 

19. Trump announces Iran, Israel have agreed to 'complete and total ceasefire' (6-24), Vance 

20. Hegseth affirms Iran’s nuclear sites ‘OBLITERATED’ (6-25)  

21. IAEA chief describes how Iran is like 'night and day' after US strikes (6-25)

22. Trump's call with Netanyahu after Iran strikes revealed (6-25)  

23. PEACE AT LAST?: Breaking down Iran-Israel ceasefire and the '12-day war' (6-24)  

24. Iran's regime will be 'replaced' or 'renounced': General Wesley Clark | Wake Up America (6-24) 

25. Iran has been 'significantly humiliated,' Gen. Jack Keane (6-24) 

26. Karim Sadjadpour on how the war with Israel is playing out inside Iran (6-23)  

27. Keane: We are 'on the cusp' of ending Iran's 'malign and aggressive behavior' in region (6-23) 

28. NEW: US bases on high alert after strikes on Iran (6-23)  

29. The HORRIBLE Truth About Iran the West Doesn't Understand (6-23)  

30. ADM STAV on CNN - Fareed Zakaria's GPS 6 22 25 (and R Haas)  

31. =Exposing the Truth About South Africa’s Collapse | Ernst Roets (6-23)  

32. The Facts About Obama's Iran Nuke Deal (6-22) 

33. Trump hits Iran ‘HARD’: ‘There was no off ramp for diplomacy’ (6-22)  

34. The Right Decision on Iran (6-7)  

35. Military expert reveals the ‘only way’ Israel could take down Fordow (6-22) 

36. Iran has been DECIMATED by Israel: former CIA operative (6-21) 

37. *Iran’s Nuclear Threat, Trump’s Choice and Global Stability | John Lee (6-21) 

38. *Gen. Keane: We are looking at the end here (6-21)  

Economy & AI 

1. *Historian Niall Ferguson on the Challenges to America’s Global Dominance (6-28) 

2. *Watch CNBC's full interview with Treasury Secretary Scott Bessent (6-28)  

3. OpenAI raises alarm over Chinese startup Zhipu AI (6-28)  

4. OpenAI's warning over China's "AI Tigers" (6-28)  

5. We're still in very early stages of AI, says Deepwater's Gene Munster on tech resurgence (6-28)  

6. Evercore ISI's Mark Mahaney: There's an AI play that is under-appreciated in Google (6-28) 

7. AI's reasoning blind spot (CNBC tech check 6-27) 

8. *Fault lines beneath roaring AI trade (CNBC tech check 6-27) 

9. Watch CNBC's full interview with Chicago Fed President Austan Goolsbee (6-27)  

10. China Beige Book CEO: Saw falloff 'in just about everything' in China's economy in June (6-27)  

11. *Goldman’s Kaplan on Powell, Tariffs, Harvard, Texas (6-26) 

12. SandboxAQ CEO: Mag 7's % market cap of total economy will increase dramatically in next 36 months (6-27) 

13. Bernstein's Stacy Rasgon: AI trade is back on (6-27)

14. Market believes AI capex is still in the middle innings, says Goldman's Sung Cho (6-26) 

15. Dan Ives: Microsoft could be a $5 trillion company in 18 months (6-26) 

16. Tariffs wiped out all the gains through corporate profit declines, says Brian Reynolds (6-26) 

17. Equity momentum can't continue as macro factors are still unknown, says Sri Kumar (6-26)

18. Wharton's Siegel Sees a Lot of Positives for Stocks (6-26) 

19. Which Company Is Going To Win The AI Race? (All-in 6-25) 

20. No bad news is great news for Tesla on robotaxi debut, says Deepwater's Gene Munster (6-24) 

21. Tesla’s Robotaxi impresses; cyber and tech stocks face mixed investor views (6-24)  

22. Wharton's Siegel on Iran strike: Potential positives and negatives for markets gone up (6-24)  

23. Mohamed El-Erian: There's is debate whether Middle East conflict will escalate (6-24)  

24. *Palantir co-founder Joe Lonsdale on Israel-Iran conflict, AI tech wars, future of DOGE (6-21) 

25. DeepTech Ep3: Apple's AI Investment Case (6-17)  

Philosophy, Religion, Others 

Plato of Athens: A Life in Philosophy | Robin Waterfield (6-27)