In today’s pre-mkt summary for Subscribers: Equity futures are sharply lower this morning, as the Trump Administration’s actions to escalate pressure on the Fed to lower short-term interest rates threatens to undermine Fed independence, which would increase inflation expectations and long-term interest rates. Gold and silver surged to new highs. Brent crude fell as Iran reported that security forces have full control of the country after two weeks of upheaval. $NVIDIA(NVDA.US) and $Tesla(TSLA.US) both down pre-mkt in line with Nasdaq.