On Fertilizer, Stablecoins & Rising Earnings

The Iran war puts US farmers in dire straits, as it has been spiking the cost of fertilizer. But the war has been a boon for the stocks of domestic fertilizer companies. Jackie discusses the war impacts on both farmers and the fertilizer companies that supply them. … Also: The debate rages on over whether cryptocurrency companies should be allowed to pay rewards on stable coins. Banks cry “foul!,” claiming that rewards are essentially interest and should be disallowed. President Trump disagrees. … And: Joe reports that if early indications are a guide, 2026 may be an atypical year of rising estimates for S&P 500 companies.