Economy & Monetary Policy - Discusses the current state of the economy [1] - Explores whether the Fed and government have effectively eliminated bear markets [1] - Considers whether the Fed should cut interest rates by 50 basis points (0.5%) [1] Cryptocurrency - Analyzes the current situation and potential breakout of Bitcoin [1] Technology & Innovation - Covers Tesla, humanoid robots, and Elon Musk's ventures [1] - Touches on artificial intelligence [1] Energy & Housing - Raises concerns about electricity prices [1] - Addresses the national housing crisis and potential solutions [1]

Joining me now is Kevin Hasset, director of the National Economic Council. Thank you so much for joining us this afternoon. We really appreciate it. >> Well, it's great to have you. I do want to start off uh with your reaction to the August jobs report. As you know, just 22,000 jobs were created last month and revisions showed the US actually lost jobs in June. That's the first month of job losses since the pandemic. Is this a warning sign about the state of the labor market? Well, right now when we're look ...

A limp jobs report may show that the market is about to climb or about to sink, as Trump again demands lower rates https://t.co/2QNqYEd3al ...

It is time for money power politics and tonight this is serious. NBC News can confirm that the Justice Department has opened a criminal probe into Federal Reserve Governor Lisa Cook. The probe, which was first reported by the Wall Street Journal, centers upon whether Cook submitted fraudulent information on mortgage applications.Subpoenas have reportedly already been issued. Her attorney, Abby Lol, responded to the probe today, accusing the Trump administration of quote scrambling to invent new justificatio ...

Economic Concerns & Impact - Tariffs are negatively impacting US economy and raising prices for everyday Americans, hurting small businesses operating on narrow margins [1][3] - Manipulation of economic data can lead to economic destabilization, similar to situations in Argentina, the Soviet Union, and Venezuela, potentially causing investors to leave [6] - Distrust of facts, science, research, and data is destabilizing and dangerous [11] Data & Statistics Manipulation - Concerns raised about a loyalist running the Bureau of Labor Statistics (BLS) potentially rigging statistics [1][4] - The nominee for a position at BLS has suggested eliminating the monthly jobs report [10] - Rigging statistics cannot change the reality of rising prices [5] Importance of BLS Data - BLS data, including the Consumer Price Index (CPI), is crucial for government agencies [7] - The Federal Reserve uses BLS data to guide monetary policy and rate setting [8] - The IRS uses BLS data to adjust federal tax brackets [8] - The Social Security Administration (SSA) and USDA use BLS data to determine eligibility for Social Security and SNAP benefits [8] - BLS data directly affects Americans' lives, benefits, and payments [9] - BLS data guides American economic policy and markets around the world [10] Political & Military Actions - Deployment of the National Guard in Washington DC is seen as contrary to typical Republican policy [13] - Concerns that the military is being used as a tool and weapon to distract Americans [15] - Potential for militarized force to be used against US citizens on US soil [16]

Nomination & Political Context - Trump plans to nominate EJ Antony, Heritage Foundation's chief economist, to head the Bureau of Labor Statistics [1] - Steve Bannon supports Antony's nomination [1] - Antony is a skeptic of the Bureau of Labor Statistics and a contributor to Project 2025 [2] - Antony praised the June jobs report before revisions [3] - Antony is perceived as someone who praises Donald Trump and his policies [3][4] Potential Impact & Concerns - Concern exists whether Antony will provide unbiased statistics on the US economy's health [4]

Personnel Changes at the Bureau of Labor Statistics (BLS) - Donald Trump nominated EJ and Tony as the new commissioner of the Bureau of Labor Statistics, replacing Erica McInterer [1] - Antony, a critic of the BLS and chief economist at the Conservative Heritage Foundation, was supported by Steve Bannon [2] Potential Impact on Data Integrity and Public Trust - Concerns exist that the new appointee may attempt to manipulate economic data [5] - The appointment could undermine public and private sector faith in the reliability of BLS reports [8][9] - There is a possibility of the White House previewing BLS numbers before public release, creating a chilling effect [11] - The administration might consider ceasing the issuance of monthly jobs reports altogether [9][13] Challenges in Manipulating Data - It would be difficult to manipulate the data due to the presence of non-partisan "technocrats" at the BLS [5][6][7] - Any mandate to "cook the books" would likely be leaked and harm the markets [10]

Let's bring in SoFi's Liz Thomas and RS Asset Management's Carrie Firestone who as you see are here at Post 9 as well. Well, ladies, nice to see you. Nice to see you, too.Liz, what do you think about what you just heard. I think it sounds pretty optimistic and I got to say I too much so. No, not too much.So I I think you have to take a long-term view in order to hop on that optimistic train at this point not only in the year but at this level of valuations at this point where we're waiting for so much data ...

Labor Market & Policy - Trump's pick for Bureau of Labor Statistics commissioner suggests suspending monthly jobs report [1]

Federal Reserve Governor Lisa Cook called the July jobs report “concerning,” and said it could signal an inflection point for the US economy https://t.co/QPQgF4gaSp ...