- In today’s CEO Daily: Diane Brady talks to Bridgewater founder Ray Dalio.
- The big story: Trump urges confrontation with L.A. protestors.
- The markets: Looking up.
- Analyst notes from UBS on the impact of the L.A. riots, Goldman Sachs on U.S. debt, Pantheon Macroeconomics on China exports rebounding.
- Plus: All the news and watercooler chat from Fortune.
Good morning. This past week, I talked with Ray Dalio, the billionaire investor and founder of Bridgewater Associates, about the period of profound political and economic change we’re in right now. In his latest book, How Countries Go Broke: The Big Cycle, he writes about the confluence of forces threatening to undermine U.S. prosperity. (We also ran this excerpt on his views of AI.) Of particular concern to Dalio and others: America’s escalating national debt, which is about to hit $37 trillion and could increase by $2.4 trillion under the Republican bill now moving through Congress.
