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.
Matt speaks with Security Analyst Josh Filler. Josh Filler is an attorney and former New York City, White House, and Department of Homeland Security official. Josh Filler works with law enforcement and other public safety agencies across the country on homeland security and emergency preparedness issues.
he U.S. stock market is pulling back from its record heights as Wall Street sifts through mixed developments on everything from the U.S.-China trade war to profits for Big Tech behemoths.
China has agreed to purchase 25 million metric tons of U.S. soybeans annually as part of an agreement reached by its leaders, Treasury Secretary Scott Bessent said Thursday.
The Trump administration is forging ahead with plans to eject some nonprofits from a popular student loan forgiveness program if their work is deemed to have a "substantial illegal purpose" — a move that could cut off some teachers, doctors and other public workers from federal loan cancellation.
