On 100% Depreciation & Brazil

One of the perks in the One Big Beautiful Bill Act is 100% bonus depreciation. Melissa analyzes why this tax break might have less of a macroeconomic impact than some anticipate. Bonus depreciation changes when an asset is expensed, not how much of it is expensed. That said, a small tax break is better than no tax break at all. We believe capital-intensive industries will benefit.  … William looks at why Brazil continues to underperform, despite robust trade with China. The country needs to address its skyrocketing inflation and crushing debt levels, especially now, when it’s likely to get caught in the crosshairs of Trump’s Tariff Turmoil. … Q2 earnings season is underway and Joe reports that the traditional earnings hook is forming. More unexpected: Earnings forecasts for the second half of this year are rising.