Hello Breakers!
Due to travel delays, the show will be coming out a bit later today. Apologies from the team for the hectic week.
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BP Team
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Krystal, Ryan and Emily discuss China calling Trump's bluff on tariffs, stock market reacts, and a lawyer for a wrongly deported man responds to JD Vance.
YouTube: https://youtu.be/5aaiNVuR134
Spotify Link: https://open.spotify.com/show/2togMvVQ0F4mXQmbwuFs4K?si=wEARUQEoSR2o4KFxn-wR4w
Timestamps:
(00:00)Introduction and Overview of Liberation Day
(2:25)Jobs Report Analysis and Economic Implications
(14:58)The Impact of Tariffs on Domestic Economy
(26:15)Trump's Economic Strategy and Its Consequences
(40:55)The Autocratic Leadership Style of Trump
(42:19)The Case of Kilmar Abrego Garcia
(1:12:02)The Shift in Democratic Leadership Dynamics
(1:17:53)Upcoming Nationwide Protests Against Trump
(1:33:45)End Of Show
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Seeing Emily make jokes and laugh about the immigrant detention center with alligators is pretty disappointing. She could do a better job of hiding her bigotry.
I’ve been thinking about it and this bill is basically just running the private quitting playbook on America. Sell the assets, load it up with unsustainable debt, cut costs and services.
Is anyone familiar with Interest on Reserve Balances [IORB]? In response to the 2008 banking disaster, the Fed required banks to increase their loan loss reserves. The banks have complied but since then the Fed pays them interest, currently around .045%. The estimate of what banks receive is around $150bn. If you ask google "how much did public banks earn in 2024?" The answer is $268bn. Is it me or is this socialism?
