The conversation covered various topics, including the stock market’s $30 trillion value and the bond market’s $50 trillion, with concerns about rising bond yields and the impact on Joe Sixpack’s portfolios. The discussion also highlighted the House Republicans’ narrow approval of their budget framework, emphasizing the need for $1.5 trillion in federal program cuts. Matt Gagnon criticized the spending aspects of the bill, comparing it to Biden’s infrastructure bill. The segment also touched on the Doge experiment’s failure, with Elon Musk aiming to cut $150 billion, and a caller’s concern about rising taxes in Portland.
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Matt Gagnon discusses the political landscape in Virginia and New Jersey, noting the significance of governor’s races following presidential elections.
Defense Secretary Pete Hegseth said Friday that he ordered another strike on a small boat he accused of carrying drugs in the waters off Venezuela, expanding what the Trump administration has declared is an "armed conflict" with cartels.
President Donald Trump has declared drug cartels to be unlawful combatants and says the United States is now in an "armed conflict" with them, according to a Trump administration memo obtained by The Associated Press on Thursday, following recent U.S. strikes on boats in the Caribbean.
