| Here’s what my colleague, market strategist Mike “Willo” Wilson says happened while we were sleeping… US stocks fell from all-time highs after Trump began unveiling his tariff plans, with the US setting levies for nations such as Japan, South Korea, and South Africa starting in August. Treasuries fell, with longer end tenors pricing in tariff fueled inflation. The dollar rose as a haven at the expense of kiwi and Aussie, with the latter under further threat from a possibly dovish RBA decision later today. NAB business data precedes that, but may be redundant after overnight’s bruising impact on sentiment. ASX futures are off about 0.5%, pointing to initial losses in local indexes. Tesla shares fell after Elon Musk announced he’s forming a new political party, digging deeper into a pursuit that’s been a drag on his most valuable business. Tesla’s stock slid 6.8% Monday in New York, wiping out $15.3 billion from his net worth. That marked the biggest decline for the shares since Musk’s initial falling out with Donald Trump over the president’s tax bill in early June. Three days after cataclysmic floods tore through a stretch of the Texas Hill Country, officials have confirmed the deaths of 27 children and counselors who had been missing from a girls’ summer camp. Authorities counted more than 90 deaths statewide and said the number was almost certain to climb as rescuers sorted through mounds of debris. Thailand’s government will withdraw a controversial bill to legalize casinos from parliament following mounting public opposition and a fresh bout of political turmoil that has reduced the ruling coalition’s majority. Nissan Motor plans to sell about $5 billion in debt to help fund Chief Executive Officer Ivan Espinosa’s turnaround of the ailing automaker, part of a broader financing initiative to keep operations on track. | 
