💣 The Bomb – May 20 2025

*Stock data as of market close, cryptocurrency data as of 5:00 AM ET.

Lead: Peace Negotiations Continue

Photo credit: Getty Images

President Trump spoke with Russian President Putin for over two hours and both reported that the conversation was positive. They say a ceasefire is in the works but…they’ve been saying that for weeks and this weekend, the Russian military reported that Ukraine is losing up to 1,345 servicemen per day.

President Trump said that negotiations are underway towards a ceasefire and permanent end to the war. He seemed to indicate that after the war ends, Russia can start doing business with the U.S.

President Zelensky said that he too spoke with President Trump and that Ukraine is “ready for a full and unconditional ceasefire.” He pleaded with the United States to stay involved and threatened Russia with sanctions from the U.S. and Europe if it does not cooperate. Who is he to threaten sanctions from countries he does not run?

President Putin says that the details of a ceasefire will continue in Istanbul where President Zelensky met with a Russian delegation just days ago.

Iran Deal Gets Icy

Photo credit: Reuters

Iran says that it is still open to a nuclear deal but they do not want to negotiate in public. Probably a good idea.

The U.S. has previously said that it would be okay with Iran enriching uranium to a low level in order to build a nuclear power program and use for other civil development projects. Now the U.S. says that no uranium enrichment by Iran is acceptable. How did that needle move to 0? Did it have to do with Israel’s insistence that it be zero?

Over the weekend, Ayatollah Khamenei gave a speech in which he accused the U.S. of hypocrisy by seeking peace deals abroad but supporting “the massacre in Gaza.” He said that the U.S. “must and will leave” the Middle East and that Israel is a “dangerous, deadly, cancerous tumor” that “must and will be eliminated.”

He did not chant “Death to Israel” and “Death to the U.S.A.” The people in the audience chanted that and he did not stop them.

This is the temperature of peace negotiations right now but thankfully the Ayatollah is not doing the negotiations himself. Iranian Foreign Minister Araghchi says that “Mastering enrichment technology is a hard-earned and homegrown scientific achievement; an outcome of great sacrifice of both blood and treasure. If the U.S. is interested in ensuring that Iran will not have nuclear weapons, a deal is within reach, and we are ready for a serious conversation to achieve a solution that will forever ensure that outcome. Enrichment in Iran, however, will continue with or without a deal.”

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Western Leaders Condemn Israel

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Vice President JD Vance has a trip to Israel planned for Tuesday but has reportedly canceled it in the wake of Israel’s military operation in Gaza.

The Vance team cited “logistical” reasons for canceling the trip but did not expand but Axios quotes a U.S. official who says that the decision was made because the VP “didn’t want his trip to suggest the Trump administration endorsed the Israeli decision to launch a massive operation at a time when the U.S. is pushing for a ceasefire and hostage deal.”

Israel has commenced what they call Gideon’s Chariots. It is a full-scale invasion of Gaza with an attempt to displace every single one of the 2 million civilians living there. It involves Israeli airstrikes, ground troops, armored divisions, and naval units on a level not seen before.

Israel says that they have issued evacuation warnings via leaflets, text and media so if civilians stick around and die, that’s not on Israel. They tell them to go to Safe Zones but those Safe Zones have been bombed too.

France, the United Kingdom and Canada issued a joint condemnation of the Israeli military operation on Monday. It calls Israel’s reaction to October 7 “wholly disproportionate” and calls out the Netanyahu Government for breach of International Humanitarian Law. It says that these countries are “committed to recognising a Palestinian state as a contribution to achieving a two-state solution and are prepared to work with others to this end.”

Netanyahu did not take kindly to this statement. He called it a “huge prize” for Hamas and told them to follow President Trump’s lead and support Israel. He added: “We will take control of all the territory of the strip.”

News By The Numbers

Photo credit: Mortgage News Daily

7%. That is the current 30-year mortgage rate in the U.S., the highest in weeks.

244. That is how many people were arrested in Florida in what authorities call a “multi-day operation targeting human trafficking.”

$256 million. That is how much Regeneron will pay to buy 23andMe in a bankruptcy auction.

What’s Trending?

Photo Credit: FilmMagic

Michelle Williams is trending because she discussed her late husband Heath Ledger on an episode of the Armchair Expert with Dax Shepard podcast.

Billie Eilish is trending because she announced dates for her Hit Me Hard and Soft tour.

P&O Cruises is trending because the company canceled a 35-day cruise that was scheduled for 2027 due to “operational reasons.”

 New Atoll Testing

Photo credit:  U.S. Coast Guard

The U.S. Space Force plans to test rockets in Johnston Atoll, approximately 800 miles from Hawaii. The locals are saying: Not this again.

In the 1950s and 1960s, the U.S. military conducted nuclear tests on this region in their race with the Soviets for nuclear weapons. They were known as Operation Hardtack and Operation Dominic. That area is still considered nuclear. Although there was no civilian population exposed to the tests, U.S. soldiers and contractors were knowingly exposed to radiation. There is video of them standing there to watch a nuclear test with zero protection.

The locals also say that this is a spiritual violation of the land and they don’t want it used this way. They say that the land is finally recovering from previous military use, which included “coral dredging, atmospheric nuclear testing and the stockpiling and burning of toxic chemical munitions — including more than 2 million gallons of Agent Orange.”

The U.S. Space Force under the Department of the Air Force claims it wants to use this land to test space cargo shipments “to help determine whether commercial rockets can transport military equipment more speedily around the globe, in hours rather than days to weeks that current modes of transportation require.”

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