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Iran sends conflicting signals as leaders look to de-escalate vs. hard-liners bent on fighting



The Iran war exploded further late Saturday as pillars of flame rose above an oil storage facility in Tehran, and Israeli Prime Minister Benjamin Netanyahu promised “many surprises” for the next phase of the week-old conflict.

Israel’s military confirmed that it hit the fuel storage facilities in Tehran. Associated Press video showed the horizon glowing against the night sky above Tehran.

It appeared to be the first time a civil industrial facility has been targeted in the war. State media blamed “an attack from the U.S. and the Zionist regime” at the facility that supplies the capital and neighboring provinces in the north.

Earlier in the day, Iranian President Masoud Pezeshkian apologized for attacks on “neighboring countries,” even as his country’s missiles and drones flew toward Gulf Arab states and hard-liners asserted that Tehran’s war strategy would not change.

A rift between politicians looking to de-escalate the war and others committed to battling the United States and Israel could complicate any diplomatic efforts. Conflicting Iranian statements came from two of the three members of the leadership council overseeing Iran since Supreme Leader Ayatollah Ali Khamenei was killed in the war’s opening airstrikes.

Pezeshkian also dismissed U.S. President Donald Trump’s call for Tehran to surrender unconditionally, saying: “That’s a dream that they should take to their grave.”

Trump threatened that Iran would be “hit very hard” and more “areas and groups of people” would become targets, without elaborating. Already, the conflict has rattled global markets and left Iran’s leadershipweakened by hundreds of Israeli and American airstrikes.

“We’re not looking to settle,” Trump told reporters Saturday aboard Air Force One. “They’d like to settle. We’re not looking to settle.”

He described the ongoing U.S. operations in Iran as an “excursion” and said issues such as rising gas prices and the safety of Americans would improve once the conflict ends.

Iran makes varying statements on attacks

Pezeshkian’s message, seemingly recorded in a hurry, underlined the limited powers exercised by the theocracy’s leaders over the paramilitary Revolutionary Guard, which controls the hundreds of ballistic missiles targeting Israel and other countries. It answered only to Khamenei and appears to be picking its own targets.

Pezeshkian’s statement said Iran’s leadership council had been in touch with the armed forces and “from now on, they should not attack neighboring countries or fire missiles at them, unless we are attacked by those countries. I think we should solve this through diplomacy.”

The U.S. strikes have not come from the Gulf Arab governments under attack, but from U.S. bases and vessels in the region.

But hard-line judiciary chief Gholam Hossein Mohseni-Ejei, another member of the three-man leadership council, suggested that war strategy will not change.

“The geography of some countries in the region — both overtly and covertly — is in the hands of the enemy, and those points are used against our country in acts of aggression. Intense attacks on these targets will continue,” he posted on X.

“As long as the presence of U.S. bases in the region continue, the countries will not enjoy peace,” Iran’s Parliament speaker and a former Revolutionary Guard general, Mohammad Bagher Ghalibaf, said on X. He called defense policies in line with the late supreme leader’s guidance.

Iran’s U.N. mission later suggested, without offering evidence, that strikes on nonmilitary sites “may have resulted from interception by U.S. electronic defense systems.”

Late Saturday, top Iranian security official Ali Larijani asserted in an address carried by state media that “our leaders are united on this issue and have no disagreements with one another.”

He also said the leadership council has requested that “arrangements be made” to convene the Assembly of Experts to choose the next supreme leader, but did not say when.

Trump says the Kurds won’t be involved

Trump said he has ruled out having Kurds join the war, even though Kurdish fighters in the region are willing to assist in efforts to topple the Iranian government.

“The war is complicated enough without having– getting the Kurds involved,” Trump told reporters.

Days ago, Kurdish officials told the AP that Kurdish-Iranian dissident groups based in northern Iraq were preparing for a potential cross-border military operation in Iran and that the U.S. had asked Iraqi Kurds to support them.

US says more intense bombing lies ahead

“Tehran is under severe bombardment” and even people far from military and government targets are living in fear, said a university student in western Tehran, speaking on condition of anonymity because of security concerns.

Israel earlier Saturday said it struck a Tehran airport it said was used to transfer weapons and cash to militant groups.

The U.S. and Israel have targeted Iran’s military capabilities, leadership and nuclear program. The war’s stated goals and timelines have repeatedly shifted as the U.S. has at times suggested it seeks to topple Iran’s government or elevate new leadership.

The fighting has killed at least 1,230 people in Iran, more than 290 in Lebanon and 11 in Israel, according to officials in those countries. Six U.S. troops have been killed.

Incoming missiles from Iran had people heading to bomb shelters again across Israel, with no reports of casualties.

Missile lands at U.S. Embassy compound in Iraq

Three Iraqi security officials said a missile landed on the helicopter landing pad in the U.S. embassy complex in Baghdad. They spoke on condition of anonymity because they were not authorized to comment publicly. An embassy spokesperson declined to comment. There were no reports of casualties.

It was the first reported strike to land in Baghdad’s heavily fortified Green Zone since the Iran war began. Iran and allied Iraqi militias have launched dozens of attacks on U.S. military bases and other facilities in Iraq since then.

Iraq’s caretaker Prime Minister Mohammed Shia al-Sudani called the embassy attack a “terrorist act” carried out by “rogue groups.”

Strikes target Bahrain, Saudi Arabia and Dubai

U.S. allies in the Gulf have said the Trump administration did not give them adequate time to prepare for the war.

Hours after Pezeshkian’s apology, the United Arab Emirates said debris from an aerial interception fell onto a vehicle and killed an “Asian driver.” Four people have now been killed in the UAE since the war began. Authorities have said all were foreign nationals.

Sirens sounded earlier Saturday in Bahrain as Iran targeted the island kingdom. Saudi Arabia said it destroyed drones headed toward its vast Shaybah oil field and shot down a ballistic missile launched toward Prince Sultan Air Base, which hosts U.S. forces.

In Dubai, several blasts were heard Saturday morning and the government said it had activated air defenses. Passengers waiting for flights at Dubai International Airport were ushered into train tunnels.

Wyndham Timeshare: Three Nights + 60k Points For $299


Update 3/7/26: Deal is back, this time for $299. 

The Offer

Direct link to offer

  • Wyndham is offering a 4 day/3 night stay for $299. You also get 60,000 Wyndham points

The Fine Print

Better than the previous 30k deal. You can usually get a better than standard offer just by calling in, we detail that process here. Not worth doing unless you’re absolutely certain you won’t sign up for a timeshare and keep in mind this is what they do and can be very convincing and good at applying pressure.

Planet Financial grows 58% in originations, 21% servicing


Planet Financial Group was able to achieve its annual growth rates of 58% in its originations business and 21% in its servicing portfolio organically.

Processing Content

The company, which did several acquisitions in recent years, achieved the 2025 growth on its own, Michael Dubeck, CEO and president of Planet Financial said in an interview.

“To grow, you’ve got to manage your risk,” Dubeck said. “We greatly grew our servicing book, and that is a testament to our MSR risk strategy, which is comprised of retention, and our hedging strategy.”

 CEO of Planet Home Lending Michael Dubeck

This worked to preserve the mortgage servicing rights value, something Planet pays daily attention to and is actively managed.

“We have a saying here at Planet that retention is religion, we’ve had that from day one,” Dubeck said. “The signs were on the wall [starting in] late Q2 that higher for longer could be coming to an end,” referring to the mortgage rate environment.

Planet made moves to step up its retention operations.

Planet funded approximately $28.6 billion in total originations and while $24.6 billion of which came through the correspondent channel (up about 58%), the retail retention business had a 52% increase in volume over 2024 to $2.5 billion. Distributed retail did 65% more volume year-over-year to $1.4 billion.

Fourth quarter volume of approximately $8.4 billion was even with the third quarter and up from $4.6 billion for the same period in 2024.

Planet services its own book of business and the unit has a 95% net promoter score. This “makes the work of the retention group all that much more easier when they’re handed a happy borrower,” Dubeck said.

The company had a total servicing portfolio of $144.8 billion at year end, up from $140.9 billion on Sept. 30, 2025. Its owned MSRs grew to $138.5 billion, which also included MSR acquisitions in addition to the volume growth and retention activity. The company generated servicing assets of $11.4 billion through co-issue and bulk purchases last year.

When it comes to distributed retail, the company grew its branch network, with new leadership joining the channel, helping with recruiting efforts, increasing staffing about 30%.

“That’s been something that we’ve really invested in over the last three years,” Dubeck said. “You really have to build a business like that in the down market, and I think we’ve just really created a terrific value proposition for loan officers not only to exceed but to really grow their business.”

This year will be a strong environment for Planet’s direct lending business, its retention and branch network channels, he said. “The retail seeds we have planted with, the hires we’ve done, are just going to grow and grow.”

Retention is a function of interest rates, and while those did move higher this past week because of the Iran conflict, people are not talking about how much the mortgage-to-Treasury spread has tightened in recent weeks, Dubeck said.

A prepayment speed report from Keefe Bruyette & Woods agreed. The primary and secondary spreads have narrowed against mortgage rates published by Freddie Mac and Bankrate, analyst Bose George noted.

This contraction suggests “lenders may be absorbing some of the rate pressure and hoping the current rise in rates and spreads proves temporary,” said George. “While seasonal tailwinds could continue to support prepayment speeds trending higher, a persistent move up in rates would likely slow refinance activity and put some downward pressure on speeds going forward.”

George calculated that 12% of the outstanding mortgage market is in the money to refinance. If rates fell 100 basis points from current levels, this would grow to 29%.

Meanwhile also feeding into the positive outlook at Planet is an increase of about 20% in the number of homes for sale.

“Look, we’re very positive about 2026 from how we’re positioned,” Dubeck said. “I think we’ve got some, question marks with the broader environment,” pointing to the headlines about some participants in the private credit sector.

Still, “as long as we kind of stay in this environment or better, I think we’re going to be very successful,” he continued.



How to Teach Yourself Finance & Economics



In this comprehensive guide, Nick addresses a common question: How do you self-educate in finance and economics? Drawing from a live stream about valuable resources, Nick presents a detailed curriculum to build a robust understanding of markets, investing, and economics. This step-by-step plan encompasses key areas such as mindset, foundational concepts, risk management, strategic thinking, global macroeconomic factors, tactical application, and practical experience. Featuring recommended books, important videos, and exercises, this video ensures you gain a thorough education in finance and economics. Perfect for anyone looking to start a career in finance or expand their personal knowledge. Join our journey to mastering financial markets!

00:00 Introduction to Self-Education in Finance
02:15 Mindset Foundations
04:59 Understanding Economics and Finance Basics
06:00 The Importance of Risk Management
07:58 Basic Level Education: CFA Curriculum
09:52 Strategic Thinking in Finance
12:44 Global Macro and Geopolitical Analysis
17:32 Tactical Application in Finance
20:12 Real Estate Investing
21:02 Advanced Macro Trading and Equity Research
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3 Reasons to Buy Caterpillar Stock in 2026


Caterpillar (CAT 3.54%) is an iconic company with a huge portfolio of earth-moving products. In 2025, the company generated $67.6 billion in sales and $19.06 in adjusted earnings per share. The future is likely to be bright, as well, with the company’s $51 billion backlog sitting at record levels. Here are three reasons to buy Caterpillar stock in 2026.

1. Caterpillar is benefiting from reshoring efforts

Caterpillar’s equipment gets used to build everything from roads to buildings, and a lot in between. Over the past several years, companies have made a material effort to build in their home markets rather than manufacturing abroad and importing finished products. This so-called reshoring move generally requires the construction of new factories and other assets.

Image source: Getty Images.

Notably, spending on manufacturing plants in the United States has increased by more than 40% since 2020. While this spending isn’t quite as “hot” as it was a couple of years ago, it is still running at an elevated pace, and that should translate into strong demand for Caterpillar’s products. For example, Caterpillar’s sales to construction industries were up 11% worldwide in the fourth quarter of 2025.

2. Data centers are a new and growing category

The hot construction topic of the day, however, is data centers. The emergence of artificial intelligence as a major new technology has dramatically increased the need for data centers. Spending on data centers has increased by nearly 350% since 2020. To be fair, construction spending on data centers is just a fraction of the spending on manufacturing. Still, data centers are an additional catalyst for demand.

Caterpillar Stock Quote

Today’s Change

(-3.54%) $-24.96

Current Price

$681.12

3. Caterpillar also provides power

One lesser-known product category for Caterpillar is power. It makes engines that can provide power in remote locations or serve as backups in case of problems with the power grid. The company’s power products are particularly useful for energy-related businesses that operate in remote areas, such as oil drilling. However, Caterpillar’s power products can also help get a data center up and running before it has access to grid power. And those same products can keep a data center running even when the grid is down. Given the increasing importance of technology to modern life, Caterpillar’s power business could be a hidden gem.

There’s one problem with Caterpillar

There are clearly reasons to like Caterpillar stock in 2026. However, there is one sticking point that will stop many investors. The stock’s 37x price-to-earnings ratio is far above its five-year average of roughly 19x. That said, Caterpillar’s business tends to be cyclical, which can lead to material drawdowns. If you like the long-term opportunity Cat offers but not its current valuation, you should probably keep it on your wish list just in case there’s a sell-off in 2026.

Republican AGs Fight to Reinstate SAVE Plan Injunction


Key Points

  • A federal district court’s dismissal of the SAVE Plan lawsuit has created a legal paradox: without the injunction, the Biden-era repayment program is technically resurrected.
  • Missouri and seven other Republican states filed an emergency appeal to the 8th Circuit on March 5, asking the court to reinstate the injunction blocking the SAVE Plan.
  • Borrowers enrolled in the SAVE Plan remain in limbo as courts, Congress, and regulators each hold overlapping pieces of the program’s fate.

Eight Republican State Attorneys General filed an appeal with the 8th Circuit Court of Appeals to attempt to stop the SAVE Plan once again.

This comes after a wild week of back-and-forth legal drama around the plan.

Last Friday, a Federal court judge dismissed the SAVE lawsuit as being moot – since both parties appeared to agree on an outcome. By Tuesday, these states asked the judge to pause the dismissal pending appeal, and by Wednesday the judge said no.

On Thursday evening, Missouri Attorney General Catherine Hanaway, joined by the AGs of Arkansas, Florida, Georgia, North Dakota, Ohio, and Oklahoma, filed an emergency motion with the U.S. Court of Appeals for the Eighth Circuit (PDF File) asking them to block the lower court’s dismissal.

Their request: reinstate the preliminary injunction that had blocked the Biden administration’s Saving on a Valuable Education (SAVE) plan since July 2024. That injunction was wiped out when a federal district court dismissed the underlying case, and the states say that dismissal was a serious legal error that could inadvertently revive the very rule they fought to stop.

While this legal drama is almost a perfect made-for-TV movie, it’s important for borrowers to note that nothing is changing yet.

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The Ongoing Court Saga

The current stems from a U.S. District Judge John A. Ross dismissing the main lawsuit challenging the SAVE plan.

After nearly two years of litigation the parties had reached a settlement. Both Missouri and the Trump administration jointly asked Judge Ross to convert the existing preliminary injunction into a permanent one, formally vacating most aspects of the SAVE Rule.

Instead, Judge Ross dismissed the entire case for lack of subject matter jurisdiction. His reasoning: with a new presidential administration in place that agreed with the plaintiff states, there was no longer an adversarial dispute before the court.

The states are arguing that ruling is “clearly wrong.” When a court dismisses a case, the injunctions that case produced become null and void — meaning the order that had been blocking the SAVE Plan from taking effect was simultaneously extinguished.

Under the Administrative Procedure Act, the federal government cannot simply walk away from a regulation it no longer wants to enforce. Rules don’t disappear when administrations change – they require a formal rulemaking process to be repealed. Until that process is complete, the SAVE Rule remains technically on the books.

“The SAVE Plan is no more lawful today than it was when this Court issued its judgment,” the states wrote in their emergency motion. They asked the 8th Circuit to act by Monday, March 9.

Notably, the Trump administration agreed with the relief requested – “The United States agrees to the relief requested in this motion.”

What This Means For Borrowers

For the roughly 7 million borrowers enrolled in SAVE still, the underlying options haven’t changed.

The SAVE plan forbearance is still in effect and the One Big Beautiful Bill Act legislated the end of SAVE. And while interest is accruing, borrowers can make their own decisions to leave. In fact, it may be the best case for borrowers to leave the SAVE plan as soon as possible.

The district court’s dismissal creates what the states themselves called “chaos and uncertainty”.

Some advocacy groups have suggested the Department of Education should resume the SAVE Plan’s provisions, which could actually accelerate loan discharges for federal borrowers — an outcome the plaintiff states specifically sought to prevent.

But until the Department of Education issues their own guidelines, borrowers are simply stuck waiting for answers.

What SAVE Borrowers Should Do Now

All of this limbo has created a lot of uncertainty for borrowers. Here’s some key things to remember:

  • Do not expect SAVE payments to resume immediately. Borrowers in forbearance remain there regardless of this appeal’s outcome while courts sort out the plan’s legal status.
  • Watch for 8th Circuit for a ruling before March 9. The appeals court was asked to rule quickly, and its decision could either lock the injunction back in place or leave the plan’s status unresolved.
  • Consider alternative income-driven repayment plans. IBR (Income-Based Repayment) remains available and is not subject to the same legal challenges as SAVE.
  • Check your servicer regularly. Loan servicers like MOHELA have been caught in the middle of the legal uncertainty and account statuses may update after court decisions.
  • Consult the Department of Education’s StudentAid.gov for the most current guidance on repayment plan availability and forbearance status.

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Transatlantic rift: Trump dismisses UK naval support in U.S.-Iran War




Transatlantic rift: Trump dismisses UK naval support in U.S.-Iran War

Wirex Agents Conduct On-Chain Finance


This week, Wirex unveiled Wirex Agents – a non-custodial infrastructure layer enabling AI agents to create stablecoin cards, open virtual accounts, and execute autonomous financial transactions directly onchain.

AI is already managing workflows like subscription operations, payout routing, and cost settlement, but execution still often stops at the payment step. Wirex Agents closes that gap by enabling AI-driven transactions on stablecoin rails without requiring the agent to take custody of funds.

Pavel Matveev, co-founder of Wirex, said,

“We believe the next wave of financial innovation will not be driven by apps, but by autonomous systems. Wirex Agents provides the infrastructure AI needs to store value, issue cards, and transact globally, without custody risk and without friction. The agent economy requires real payment rails, not experimental tooling. With Wirex BaaS, we’re delivering production-grade infrastructure designed for both humans and machines.”

Wirex Agents is powered by Wirex BaaS, Wirex’s non-custodial stablecoin payment layer designed for programmable finance and machine-native transactions. Through Wirex’s regulated connectivity while preserving non-custodial architecture, AI agents can access:

  • Stablecoin-powered Visa cards;
  • Stablecoin virtual bank accounts;
  • Push-to-card payments;
  • Cross-border transfers; and
  • Cashback-as-a-service infrastructure.

As part of the release, Wirex launched two components designed to make financial execution practical inside modern agent workflows:

MCP server (Machine Commerce Protocol)

A server layer enabling AI systems to interact directly with Wirex payment rails for stablecoin card issuance, payouts, and treasury automation.

Agent skills

Reusable payment capabilities that can be integrated across agent clients and frameworks, including Claude Code and other agent toolchains, so teams can add real execution without building proprietary payment infrastructure.

The agent economy represents a shift where AI systems manage subscriptions, settle compute costs, execute arbitrage, pay vendors, and run treasury operations autonomously.

  • Wirex Agents is designed to support those workflows through:
  • Non-custodial stablecoin infrastructure;
  • Direct Visa payment rails;
  • Global settlement via ACH, SEPA, FPS, SWIFT, and push-to-card;
  • 1:1 stablecoin conversion with zero spreads; and
  • Merchant acceptance at 80M+ locations.

By combining card issuance, banking connectivity, and programmable payments, Wirex said it is positioning stablecoins as usable machine-native money, built for real-world commerce, not just onchain transfers.



‘A knife fight for your past customers’: Why brokers need to gear up for recapture battle


And while brokers are gearing up for the spring buying season, Casa cautions not to forget about the refinances likely to surge throughout the year.

“If I were personally giving advice to clients, I’d say to brokers, I would say, yes, focus on the home buying season,” Casa said. “But the single biggest opportunity is, there is going to be a knife fight for your past customer. If you’re not staying in touch with them, if you’re not clearly setting expectations on how you’re going to support them, when rates come down, they’re as good as gone. All these companies are going to pilfer those past customers.

“My advice to everybody would be to really focus on how they’re staying in touch with their past customers, not just through automation, but through sales activities, phone calls, and conversations. Be in a situation where they prioritize client retention, because that will grow their business much faster than just the new business they’re originating.”

What Casa is saying aligns with what other mortgage executives have said. Michael Brenning, chief operating officer at eLEND, told Mortgage Professional America in October that servicers were coming for these refinances.

“Retention units inside of these big servicing shops that bought MSRs out there have the tools now and the support from their corporate organizations to retain those portfolios at a nuclear level,” Brenning said. “They couldn’t do that in the past, even as recently as the COVID-fueled refi boom. Those servicers weren’t prepared, technologically and process-wise, to support that boom. So the open market and brokers got to recapture their own clients and deliver them back.

Trump calls on leaders at Shield of the Americas summit to use their militaries against drug cartels



Trump encouraged regional leaders gathered at his Miami-area golf club to take military action against drug trafficking cartels and transnational gangs that he says pose an “unacceptable threat” to the hemisphere’s national security.

“The only way to defeat these enemies is by unleashing the power of our militaries,” Trump said. “We have to use our military. You have to use your military.” Citing the U.S.-led coalition that confronted the Islamic State group in the Middle East, the Republican president said that ”we must now do the same thing to eradicate the cartels at home.”

The gathering, which the White House called the “Shield of the Americas” summit, came just two months after Trump ordered an audacious U.S. military operation to capture Venezuela’s then-president, Nicolás Maduro, and whisk him and his wife to the United States to face drug conspiracy charges.

Looming even larger is Trump’s decision to launch a war on Iran with Israel one week ago, a conflict that has left hundreds dead, convulsed global markets and unsettled the broader Middle East.

Trump’s time with the Latin American leaders was limited: Afterward, he set out for Dover Air Force Base, Delaware, to be on hand for the dignified transfer of the six U.S. troops killed in a drone strike on a command center in Kuwait, one day after the U.S. and Israel launched their military campaign against Iran.

Trump called the American deaths a “very sad situation” and praised the fallen troops as “great heroes.”

With the summit, Trump aimed to turn attention to the Western Hemisphere, at least for a moment. He has pledged to reassert U.S. dominance in the region and push back on what he sees as years of Chinese economic encroachment in America’s backyard.

Trump also said the U.S. will turn its attention to Cuba after the war with Iran and suggested his administration would cut a deal with Havana, underscoring Washington’s increasingly aggressive stance against the island’s communist leadership. “Great change will soon be coming to Cuba,” he said, adding that “they’re very much at the end of the line.”

Cuban officials have said on several occasions that they were open to dialogue with the U.S. as long as it was based on respect for Cuban sovereignty, but they have never confirmed that such talks were taking place.

Who was there

The leaders of Argentina, Bolivia, Chile, Costa Rica, the Dominican Republic, Ecuador, El Salvador, Guyana, Honduras, Panama, Paraguay, and Trinidad and Tobago joined the Republican president at Trump National Doral Miami, a golf resort where he is also set to host the Group of 20 summit later this year.

The idea for a summit of like-minded conservatives from across the hemisphere emerged from the ashes of what was to be the 10th edition of the Summit of the Americas, which was scrapped during the U.S. military buildup off the coast of Venezuela last year.

Host Dominican Republic, pressured by the White House, had barred Cuba, Nicaragua and Venezuela from attending the regional gathering. But after leftist leaders in Colombia and Mexico threatened to pull out in protest — and with no commitment from Trump to attend — the Dominican Republic’s president, Luis Abinader, decided at the last minute to postpone the event, citing “deep differences” in the region.

The Shield of the Americas moniker was meant to speak to Trump’s vision for an “America First” foreign policy toward the region that leverages U.S. military and intelligence assets unseen across the area since the end of the Cold War.

To that end, Ecuador and the United States conducted military operations this week against organized crime groups in the South American country. Ecuadorian and U.S. security forces attacked a refuge belonging to the Colombian illegal armed group Comandos de la Frontera in the Ecuadorian Amazon on Friday, authorities reported.

This joint fight against drug traffickers “is only the beginning,” said Ecuador’s president, Daniel Noboa.

Notably missing at the summit were the region’s two dominant powers — Brazil and Mexico — as well as Colombia, long the linchpin of U.S. anti-narcotics strategy in the region.

Trump grumbled that Mexico is the “epicenter of cartel violence” with drug kingpins “orchestrating much of the bloodshed and chaos in this hemisphere.”

“The cartels are running Mexico,’ Trump said. ”We can’t have that. Too close to us. Too close to you.”

The challenge from China

Trump made no mention of his administration’s insistence that countering Chinese influence in the hemisphere is a top priority for his second term.

His national security strategy promotes the “Trump Corollary” to the 19th century Monroe Doctrine, which had sought to ban European incursions in the Americas, by targeting Chinese infrastructure projects, military cooperation and investment in the region’s resource industries.

The first demonstration of the more muscular approach was Trump’s strong-arming of Panama to withdraw from China’s Belt and Road Initiative and review long-term port contracts held by a Hong Kong-based company amid U.S. threats to retake the Panama Canal.

More recently, the U.S. capture of Maduro and Trump’s pledge to “run” Venezuela threatens to disrupt oil shipments to China — the biggest buyer of Venezuelan crude before the raid — and bring into Washington’s orbit one of Beijing’s closest allies in the region. Trump is scheduled to travel to Beijing later this month to meet with Chinese President Xi Jinping.

For many countries, China’s trade-focused diplomacy fills a critical financial void in a region with major development challenges ranging from poverty reduction to infrastructure bottlenecks. In contrast, Trump has been slashing foreign assistance to the region while rewarding countries lined up behind his crackdown on immigration — a policy widely unpopular across the hemisphere.

Secretary of State Marco Rubio hosted the leaders for a working lunch after Trump left for the event in Delaware. The lunch gave Kristi Noem, whom Trump fired as homeland security secretary on Thursday, the chance to make her debut in her new role as a special envoy for the “Shield of the Americas.”

“We want our hemisphere to be safer, to be more sovereign, and to be more prosperous,” Noem told the leaders.