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Anthony D'Esposito, Former Congressman & Inspector General for the United States Department of Labor nominee, calls into the show to discuss his anticipated role as the Inspector General of the Labor Department under President Trump. The conversation covers D'Esposito's thoughts on President Trump's policies to make cities safer, contrasting them with the approaches of Democratic leaders. The discussion also touches on local politics in Nassau County, including key political races and the efforts to maintain safety and combat progressive agendas. Learn more about your ad choices. Visit megaphone.fm/adchoices
Kevin covered the following stories: The U.S. Labor Department released the Weekly Jobless Claims; the National Association of Realtors reported July Existing Home Sales; Walmart released their 2nd Quarter revenue, earnings and their outlook for the remainder of the year; a CNBC headline "Trump tariffs affect Walmart prices" (hint: NOT SO FAST) . Kevin has the details, digs through the numbers, puts the information in historical perspective, offers his insights and opinions along the way. Oil reacts to stalled Russia-Ukraine peace talks and an uncertain path, U.S. data showing signs of strong demand.
The Labor Department has a leading role in shaping and leading a wide range of the Trump Administration's policies and initiatives affecting the workplace. Join David Fortney, Nita Beecher, and Adriana Joens as they discuss the significant changes DOL is undergoing in Trump 2.0, including updates on significant regulatory changes, enforcement, new voluntary compliance programs, and the expansive focus on Artificial Intelligence.Contact Fortney & Scott: Tweet us at @fortneyscott Follow us on LinkedIn Email us at info@fortneyscott.com Thank you for listening! https://www.fortneyscott.com/
The Signal Beneath the Noise Serious operators obsess over the next print, but my podcast/YouTube guest this week, Bankrate senior economic analyst, Mark Hamrick, argues the industry is missing the structural signals that actually set the cost of capital and shape demand. Start with this premise: Data credibility is a macro variable. When the quality of national jobs and inflation statistics is questioned, it is not just an esoteric Beltway quarrel; it becomes a pricing input for Treasuries and, by extension, mortgages, construction loans and exit cap rates. As Hamrick puts it, the path to good decisions for households, enterprises and policymakers ‘is lined by high quality economic data, most of which is generated by the federal government.' Hamrick's concern is not theoretical. He links the chain plainly: if markets doubt the numbers guiding the Federal Reserve's dual mandate, you can ‘envision a scenario where there's less demand for our Treasury debt,' forcing higher yields to clear supply – an economy‑wide tax that lifts borrowing costs from mortgages to autos and narrows the Fed's room to maneuver. What Happens If Trust Erodes? The near‑term catalyst for this anxiety is unusual: the Labor Department's head statistician was fired after unfavorable revisions, and an underqualified nominee has floated ideas as extreme as not publishing the data at all. Hamrick's advice for investors and executives is simple: pay attention. This may not break the system tomorrow, but it introduces risk premia where none previously existed. Through a real estate lens, the translation is straightforward. Underwriting already contends with volatile inputs on rents, expenses and exit liquidity; add a credibility discount on macro data and your discount rate moves against you. Prudent sponsors should stress‑test deals for a modest upward shock in base rates – an echo of Hamrick's ‘economy‑wide tax' – and consider how thinner debt markets would propagate through construction starts and refis. Housing's Lock‑In: Inventory, Not Prices, Is the Release Valve The ‘lock‑in effect' remains the defining feature of U.S. housing. Owners sitting on sub‑3% mortgages are rationally immobile, starving resale inventory and suppressing household formation mobility, a dynamic Hamrick equates with today's ‘no hire, no fire' labor market: stable but sluggish churn. Builders fill some of the gap, but affordability remains constrained by national price firmness and still‑elevated mortgage rates relative to the pandemic trough. What happens if mortgage rates dip to 6.25% or even 5.5%? Don't expect a binary ‘unlock.' Hamrick argues for incremental improvement rather than a light switch: lower rates would expand qualification and appetite gradually, and, crucially, free inventory. He is less worried that cheaper financing simply bids up prices; the supply response from would‑be sellers is the more powerful margin effect. For operators underwriting for‑sale housing (build to rent or single-family home developments), the tactical read is to focus on markets where latent move‑up sellers dominate and where new‑home concessions currently set the comp stack. He also reminds us of the persistent, national‑level truth: prices have been unusually firm for years; in the U.S., homeownership is still the primary path to wealth – advantage owners, disadvantage non‑owners. Wealth Transfer: Inequality In, Inequality Out The widely cited $84 trillion Boomer‑to‑GenX/Millennial wealth transfer via inheritance won't repair the middle class. It will mainly perpetuate asset inequality: assets beget assets, and the recipients most likely to inherit are already nearer the ‘have' column. That implies continuing bifurcation in housing demand (prime school districts, high‑amenity suburbs) alongside a renter cohort optimizing for cash‑flow goals rather than equity growth. For CRE, that supports a barbell: high‑income suburban nodes + durable rental demand where incomes grow but deposits lag. Renting Without Shame and the Budget Reality Check Hamrick is refreshingly direct: there is no shame in renting as, perhaps, there used to be. For many households, renting is a rational bridge to other financial goals; build emergency savings, avoid surprise home maintenance expenses, and keep debt service from getting ‘too far out over your skis.' For CRE owners, this fortifies the case for professionally managed rental product with transparent total‑cost‑of‑living and flexible lease options. For lenders, it argues for cautious debt-to-income ratios and expense reserves in first‑time buyer programs. Tariffs, Inflation, and the New Dashboard Hamrick closes with a monitoring list to stay on top of dominant economic trends: labor market strength (monthly employment; weekly jobless claims), the inflation complex (Consumer Price Index (CPI), Producer Price Index (PPI), and Personal Consumption Expenditures index (PCE)), and the full housing tape (mortgage rates, existing/new sales, builder confidence, starts) plus, of course, one political‑economy input now impossible to ignore: tariffs, with the effective rate at the highest level since the Great Depression. For CRE, tariffs are not an abstract: they seep into materials costs, fit‑out budgets, and the headline inflation path that steers the Fed. Sponsors should build tariff scenarios into Guaranteed Maximum Price (GMP) contingencies and model procurement alternates. Actionable Takeaways for CRE Professionals Price a credibility premium: Run sensitivities for higher Treasury yields if data trust wobbles; Pay attention to how easily the government can sell its debt and the extra yield investors demand on longer bonds. Both shape interest rates, which then filter into real estate cap rates. Underwrite inventory elasticity, not sticker shock: As rates ease, model inventory release ahead of price spikes; focus on submarkets with pent‑up sellers. Lean into renting's rationality: Product that aligns with household cash‑flow priorities will capture durable demand while affordability resets. Track tariffs as a construction line‑item and macro tailwind to inflation: Feed this into budgets and hold periods. My conversation with Mark really brought home how connected real estate is to the bigger capital markets picture. If you want a sense of where cap rates are heading, keep an eye on the bond market – because that's where the story starts. *** In this series, I cut through the noise to examine how shifting macroeconomic forces and rising geopolitical risk are reshaping real estate investing. With insights from economists, academics, and seasoned professionals, this show helps investors respond to market uncertainty with clarity, discipline, and a focus on downside protection. Subscribe to my free newsletter for timely updates, insights, and tools to help you navigate today's volatile real estate landscape. You'll get: Straight talk on what happens when confidence meets correction - no hype, no spin, no fluff. Real implications of macro trends for investors and sponsors with actionable guidance. Insights from real estate professionals who've been through it all before. Visit GowerCrowd.com/subscribe Email: adam@gowercrowd.com Call: 213-761-1000
Fascinating on X: "During World War II, a young American officer stepped away for a quick bathroom break, and when he returned, he discovered that another officer had taken his seat on the bomber he was supposed to board. Left behind, he had no choice but to catch another plane. The bomber he was https://t.co/TlUnLdRgEj" / X Roseanne Barr Says God Told Her to Post Tweet That Ended Her Career Ryan Burge
Nvidia, a U.S.-based chip manufacturer that's now the richest company on earth, has agreed to pay the federal government 15 percent of its profits from selling its chips to China, in a deal that became public this week. Basically, the United States government is now a partner in not one, but two private companies that are selling AI technology to the country that is supposed to be our biggest competitor. White House Press Secretary Karoline Leavitt said the model could "expand in the future to other companies." But for critics, the deal is giving serious mob vibes, while also posing a national security risk. Ashley Gold, senior tech and policy reporter at Axios, explains what the deal does and why so many people — including some Republicans — are concerned about it.And in headlines: President Donald Trump and Russian President Vladimir Putin are set to meet in Alaska today, California Democratic Gov. Gavin Newsom unveiled a redistricting plan to go head-to-head against Texas Republicans, and the Trump Administration got more bad news from the Labor Department.Show Notes:Check out Ashley's – work www.axios.com/authors/agoldCall Congress – 202-224-3121Subscribe to the What A Day Newsletter – https://tinyurl.com/3kk4nyz8What A Day – YouTube – https://www.youtube.com/@whatadaypodcastFollow us on Instagram – https://www.instagram.com/crookedmedia/For a transcript of this episode, please visit crooked.com/whataday
Kevin covers the following stories: Tropical Storm Erin update; the Upcoming Commercial Vehicle Safety Alliance's Brake Safety Week; the U.S. Labor Department reported U.S. Weekly Jobless Claims; the U.S. Bureau of Labor Statistics released the July Producer Price Index (PPI) and Core Producer Price Index data; Kevin has the details, sifts through the data, puts the information into historical perspective, offers his insights and an opinion or two. Oil and Gas prices react to anticipation of the Trump-Putin meeting regarding a Russia-Ukraine ceasefire - leading to a Peace Treaty, the jump in U. S. Producer Prices, the threat of "severe consequences" should Russia not agree to peace and expectations of Federal Reserve cutting interest rates next month.
On August 7, President Trump issued a much-anticipatedexecutive order, directing the Labor Department to (re)consider barriers to defined contribution plans accessing alternative investments. Nevin & Fred check it out – and theimplications.More specifically, an executive order directed the Secretary of Labor to, among other things, “reexamine the Department of Labor's guidance on a fiduciary's duties regardingalternative asset investments in ERISA-governed 401(k) and other defined-contribution plans” – a stance widely seen as encouraging the consideration of alternative assets in defined contribution plans, including 401(k)s and 403(b)s.The EO states as “the policy of the United States that everyAmerican preparing for retirement should have access to funds that include investments in alternative assets…”That policy is, however, conditioned to situations “when therelevant plan fiduciary determines that such access provides an appropriate opportunity for plan participants and beneficiaries to enhance the net risk-adjusted returns on their retirement assets.” While the Executive Order doesn't immediately changeanything, it sets in motion the possibility of a less restrictive regulatory view on so-called, “alternative” assets, including private markets, real estate, digital assets, and lifetime income.The Executive Order calls out “burdensome lawsuits that seek to challenge reasonable decisions by loyal, regulated fiduciaries,” as well as “stifling Department of Labor guidance” that is says has “denied millions of Americans opportunities to benefit from investment in alternative assets.”Episode ResourcesBreakingNews: Trump Signs EO to Advance Private Market Investments in 401(k)sLifetimeIncome Also Cited in Private Markets Executive OrderTalkingPoints: Pandora's BoxThingsI Worry About (12): Private Funds and 401(k) Plans - Fred ReishDOLPulls Guidance Cautioning Fiduciaries About Private Equity in 401(k)s
Washington, DC Mayor Muriel Bowser and Police Chief Pamela Smith meet with U.S. Attorney General Pam Bondi about implementing President Donald Trump's putting DC police under federal control and calling out the DC National Guard to deal with crime & homelessness; Georgia Bureau of Investigation says the gunman in the deadly shooting at the Centers for Disease Control and Prevention last week died by a self-inflicted gunshot wound and had written that he “wanted to make the public aware of his public distrust of the COVID-19 vaccines”; Labor Department says the Consumer Price Index for July was 2.7% year over year, same as June; President Trump has extended trade talks with China for another 90 days, preventing a dramatic increase in tariffs. We will talk about it with Trevor Hunnicutt, Reuters White House Correspondent (23); Gov. Greg Abbott's (R-TX) threat to call endless special legislative sessions if Texas House Democrats continue denying a quorum to pass a new Congressional redistricting map written by Republicans could be tested as early as this week; Latest on preparations for the meeting between President Trump & Russian President Vladimir Putin in Alaska on Friday to discuss the war in Ukraine; U.S. indicts a notorious gang leader in Haiti who is trying to overthrow the government. Learn more about your ad choices. Visit megaphone.fm/adchoices
Last Thursday, the U.S. Labor Department released the Initial Jobless Claims Report; additionally the department released Worker Productivity and Worker Output; the Federal Motor Carrier Safety Administration released data indicating the number of Out Of Service violations for English-language proficiency requirements; Kevin has the details, digs through the data, puts the information in historic perspective, offers his insights and an opinion or two. Kevin has the latest crude oil and gas prices.
Howard Gleckman, a senior fellow at the Urban Institute and Forbes columnist, provided a comprehensive overview of recent public policy changes affecting older adults. Drawing from his expertise in aging and tax policy—stemmed from personal caregiving experiences—Gleckman analyzed the implications of the Trump administration's "big beautiful bill" and related executive actions as of August 2025. The focus was on Medicaid and Medicare reforms, which could reshape long-term care, costs, and access for millions of seniors and people with disabilities.Medicaid, which supports about 7.2 million seniors and 4.8 million younger disabled individuals (dual eligibles), faces a $1 trillion reduction in federal spending over the next decade. Key changes include:Work Requirements and Paperwork: Starting potentially in December 2026, states must impose work mandates, though older adults and those with disabilities are exempt. Family caregivers' status remains unclear, risking benefit loss for those quitting jobs to provide care. Recertification is now required at least twice yearly, increasing administrative burdens and potentially deterring eligible recipients.Funding Reductions: Limits on state provider taxes (e.g., on nursing homes) will cut federal contributions by about $120 billion starting in 2028. Expansion states under the Affordable Care Act lose extra funding from January 2026, forcing tough choices: cut benefits, limit eligibility, or raise taxes. Gleckman warned that optional home and community-based services (HCBS) are most vulnerable, as nursing home care remains mandatory. While the bill allows states to expand HCBS for less needy individuals without lengthening waitlists, funding cuts make this unlikely.Staffing and Workforce Impacts: The bill repeals Biden-era minimum staffing rules for nursing homes until 2034. Combined with mass deportations, this exacerbates shortages of direct care workers, driving up costs for facilities and families.Gleckman emphasized that states may prioritize institutional care over community-based options, potentially worsening outcomes for older adults preferring to age at home.Despite campaign promises to protect Medicare, changes aim to curb fraud, boost efficiency, and emphasize prevention—but at the risk of higher costs and reduced access:Prior Authorization Expansion: For the first time, traditional fee-for-service Medicare will require prior approval for 17 procedures (e.g., back surgeries, pain injections) in a six-state demo (New Jersey, Ohio, Oklahoma, Texas, Arizona, Washington). CMS plans to use AI for reviews, with human oversight.Payment Adjustments: Skilled nursing facilities see a 2.8% payment increase for 2026, deemed insufficient by the industry. Home health agencies face a 6.4% cut ($1 billion+), sparking bipartisan opposition. The Labor Department repealed Obama-era rules, allowing home care workers to earn below federal minimum wage ($7.25/hour) and exempting them from overtime, per state laws.Enrollment and Programs: Easier enrollment in Medicare Savings Programs (for low-income beneficiaries) is delayed until 2034. The GUIDE program for dementia care navigation continues but with penalties if it fails to improve outcomes or save money. Value-based care is expanding, rewarding providers for quality over volume.Drug Pricing and Hospice: Trump favors "most favored nation" pricing to align U.S. drug costs with foreign markets, potentially supplementing Biden's negotiations. Hospice faces crackdowns on alleged fraud, though details are pending.Gleckman noted deregulation of nursing homes (e.g., rolling back transparency rules) and potential reductions in Medicare Advantage supplemental benefits like gym memberships due to insurer financial pressures.
TikTok banned Jackie and Dunlap... for talking about Trump? If you wanna yell at 'em for us, our account there was called jackieanddunlap. But we're still up at https://www.instagram.com/redstateupdate/ https://www.youtube.com/user/travisandjonathan https://www.facebook.com/redstateupdate/ Thank you kindly! Also makin us mad this week: Hegseth may run for Tennessee governor. What about Marsha Blackburn? Hegseth's preacher, Idaho Doug Wilson of Christ Church, wants women not to vote, thinks slavery wasn't that bad, other dumb mean stuff. Army denying retirement benefits to trans soldiers. Confederate monument to return to Arlington. Dean Cain recruits for ICE. Texas sends the FBI after Democrats. Trump to build a $200 million golden ballroom at the White House. Ghislaine Maxwell moved to nice jail. Trump fires Labor Dept. official over bad job numbers. Vegas in trouble due to economy, tourism. RFK Jr. cuts vaccine research and development. Musk companies poisoning Memphis black neighborhoods and digging a tunnel under Nashville that I'm sure won't be a catastrophe. Was James Bond a real person? Get 20 Extra Minutes with Jackie & Dunlap over at http://patreon.com/redstateupdate art by Yoni Limor. music by William Sherry Jr.
Julie Su, the former acting Secretary of the U.S. Labor Department, takes us inside the July jobs report and gives us a human reality check on how AI will impact our working lives.Become a supporter of this podcast: https://www.spreaker.com/podcast/tavis-smiley--6286410/support.
Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Over the many years the [DS]/[CB] have pushed the people into giving up marriage and giving up on owning property, from the 50 to now homeownership has dropped to 12%. The BLS numbers were rigged for the D's and the [CB]. The parallel economy has now grown enough where Trump is going to return the wealth that was stolen. This is just he beginning. The D's/[DS] are in a panic, phase one of the hunt for the treason's criminals is now in full swing. The fake news is trying to cover the Russian Hoax but the people are not believing it. Trump knows he needs to get control over the rest of the gov and he needs to win the midterms. The hunt is on and the next phase is about to begin. It's not just one crime it's multiple treasonous crimes. Buckle up. Economy https://twitter.com/EndWokeness/status/1952088002324295853 (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); https://twitter.com/KobeissiLetter/status/1952342752215101475 Padilla: Trump Is ‘Weaponizing' Bureau of Labor Statistics Sen. Alex Padilla (D-CA) said President Donald Trump's decision to fire Erika McEntarfer, the commissioner of labor statistics, was an attempt to weaponize the agency. Source: breitbart.com Trump Re-Rages At "RIGGED" Jobs Report Something is certainly 'off' with the measurements if there have been 25 significant downward revisions in the last 31 months... and every month since Trump was inaugurated... Source: zerohedge.com BLS had big problems with data manipulation, 2024 internal report shows Now writer Don Surber has discovered a doozy of a BLS internal report from 2024, reported by Bloomberg News, that the agency has been mismanaging data up the wazoo. According to Bloomberg: The US Bureau of Labor Statistics is “not sufficiently focused” on how it disseminates key economic data and a revamp of the agency's culture is required, according to a report commissioned after a series of botched releases. The Labor Department, which oversees the BLS, ordered the independent review to examine “procedures and practices for the equitable and timely provision of data to the public.” The findings of the 60-day external review were published Tuesday and included a number of recommendations to improve processes and communications. “We have already begun the work of turning the team's recommendations into a roadmap to recommit our agency to data security and equitable access to data,” BLS Commissioner Erika McEntarfer said on a call Tuesday. Well, she didn't. This corresponds pretty well to the problems President Trump cited on the day he gave her the boot: Note that he didn't object to the data itself, as Summers and his buddies claimed; he objected to the constant revisions of the data, big, unprecedented revisions, released at politically sensitive times, always good for the Democrats and always bad for the Republicans, pretty well nullifying the purpose of collecting data at all. She also said she'd have the problems under control -- and she didn't, so out she went. The Bloomberg report is more disturbing than just major revisions of data that Trump cited. Deep in the Bloomberg story, there are doings like this: The report was commissioned after several incidents arou...
President Trump fired the Bureau of Labor Statistics Commissioner Erika McEntarfer on Friday, after the agency reported a weak jobs report for the month of July. In the aftermath, the White House's National Economic Council Director Kevin Hassett discusses the decision and the concerned backlash it prompted. Elaine Chao served as Labor Secretary for eight years under President George W. Bush; she explains how BLS reports are calculated and shared with the public, and she underscores the importance of integrity in the agency. CNBC's Steve Liesman and Rick Santelli debate the impact this jobs report has had on the markets as well as what it means for the larger economy. Plus, Tesla has awarded Elon Musk $29 billion worth of Tesla shares, and shares of Berkshire Hathaway dipped after the company reported lower-than-expected earnings. Kevin Hassett - 19:20Rick Santelli and Steve Liesman - 34:13Elaine Chao - 39:42 In this episode:Steve Liesman, @steveliesmanRick Santelli, @RickSantelliJoe Kernen, @JoeSquawk Becky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie
An elite Ivy League university just got hit with a lawsuit alleging anti-white discrimination. I break it down in this episode of the Brad vs Everyone podcast. Plus, Trump decides to punish the messenger and fire a Labor Department official, woke white women meltdown over Sydney Sweeney, and nasty TikTok videos celebrate a tragedy affecting a "MAGA" family. Check out the Citation Needed podcast: https://www.citationneededpodcast.com/ Send me a voice note: https://www.speakpipe.com/bradvseveryone Check out the merch: https://bp-shop.fourthwall.com/ Subscribe to my 2nd channel: https://www.youtube.com/@UCO76JR1mK5X5zbPJnv3NhsQSupport My Show: https://linktr.ee/bradpolumboSee omnystudio.com/listener for privacy information.
Hour 4 of the Bob Rose Show with the latest on cooking the Labor Department's numbers, and unemployment reports that have become more and more unreliable since Biden's appointment of the just-fired head of reports. Why do wild swings occur in reported survey results? And why, as Pres. Trump said, were incorrect numbers released before the 2024 election? What's new on unemployment stats, and all the Monday morning breaking news for 8-4-25
Saturday on PBS News Weekend, a flurry of new tariffs imposed by Trump shook markets, along with weaker than expected jobs numbers that cost a Labor Department official her job. Former Venezuelan detainees speak out about their abuse in El Salvador’s mega-prison. The phenomenon of “super aging” and the science of longer human lifespans. Plus, the Indiana kids inspiring others to get outdoors. PBS News is supported by - https://www.pbs.org/newshour/about/funders
U.S. President Donald Trump fires a Labor Department official over jobs data he disputes. Fed Governor Adriana Kugler has unexpectedly resigned, giving Trump an early chance to reshape the Federal Reserve. Trump orders U.S. nuclear submarines to be repositioned after a war of words with former Russian President Dmitry Medvedev. And envoy Steve Witkoff visits a controversial U.S.-backed aid site in Gaza. This episode has been corrected to refer to Adriana Kugler as Fed Governor, not Federal Governor. Sign up for the Reuters Econ World newsletter here. Listen to the Reuters Econ World podcast here. Find the Recommended Listen, our new On Assignment podcast, here. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices
Thursday night, President Trump announced new tariff rates, and a new deadline. For weeks, the administration said that new, tougher tariffs would go into effect August 1 — instead, most countries won't see the new rates kick in for at least a week. Meanwhile, new numbers from the Labor Department show job growth slowed sharply this spring, as President Trump's earlier, worldwide tariffs started to bite. Shortly after their release, Trump said he was firing the head of the government agency that produced that report.White House correspondent Danielle Kurtzleben and economic correspondent Scott Horsley discuss the consequences of Trump's tariffs so far and going forward.For sponsor-free episodes of Consider This, sign up for Consider This+ via Apple Podcasts or at plus.npr.org.Email us at considerthis@npr.org.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
The Rich Zeoli Show- Full Episode (08/01/2025): 3:05pm- Rich notes that despite using 5% less electricity and 24% less gas, his bill has doubled thanks to Governor Phil Murphy's failed energy policies. This amounts to yet another reason why New Jersey can't afford to elect Mikie Sherrill in November. 3:10pm- According to the latest jobs report made available by the Labor Department, the U.S. economy only added 73,000 jobs in the last month—with unemployment rising from 4.1% to 4.2%. 3:15pm- In a post to Truth Social, President Donald Trump announced: “Based on the highly provocative statements of the Former President of Russia, Dmitry Medvedev, who is now the Deputy Chairman of the Security Council of the Russian Federation, I have ordered two Nuclear Submarines to be positioned in the appropriate regions, just in case these foolish and inflammatory statements are more than just that. Words are very important, and can often lead to unintended consequences, I hope this will not be one of those instances.” 3:30pm- Corey DeAngelis—Senior Fellow at the American Culture Project & Author of the book, “The Parent Revolution: Rescuing Your Kids from the Radicals Ruining Our Schools.”—joins The Rich Zeoli Show to discuss his latest article for The New York Post, “Randi Weingarten's Globalist Gambit Threatens Our Kids' Future Freedoms.” Plus, he reacts to Weingarten's ridiculous claim that halting federal defunding for NPR will result in democracy “backsliding.” 4:05pm- A new American Eagle clothing advertisement features Hollywood star Sydney Sweeney bragging about her “great jeans.” Far-left social media users, however, are ridiculously saying that the commercial is secretly promoting eugenics—insisting the ad's “great jeans” line really means “great genes.” American Eagle has now responded to the far-left's complaints, emphasizing the commercial was always just about “jeans.” 4:10pm- On Thursday night, former Vice President Kamala Harris made a guest appearance on The Late Show with Stephen Colbert where she promoted her soon to be released book, “107 Days.” During the interview, Harris bizarrely explained why she loves tethered earbuds rather than wireless airpods. 4:15pm- Rich will be on Fox News with Laura Ingraham tonight—but is he broadcasting out of the back of a van? 4:30pm- On Thursday, the Senate Judiciary Committee declassified intelligence—specifically the annex to former Special Counsel John Durham's report—allegedly revealing that Hillary Clinton personally approved of the efforts to promote the false narrative that then-candidate Donald Trump colluded with Russian officials during the 2016 presidential election. One declassified email exchange reveals that “HRC approved Julia's [Clinton foreign policy advisor Julianne Smith] idea about Trump and Russian hackers hampering U.S. elections. That should distract people from her own missing email, especially if the affair goes to the Olympic level.” 4:45pm- While speaking with Glenn Beck, Director of National Intelligence Tulsi Gabbard revealed there are still people working within the intelligence community that weaponized intelligence for political purpose—though, the Trump Administration is actively working on removing them. 5:05pm- CNN Senior Analyst Harry Enten evaluated the “Democrat brand”—and according to survey data it “is in the basement and it is total and complete garbage.” 5:15pm- On Thursday night, former Vice President Kamala Harris made a guest appearance on The Late Show with Stephen Colbert where she promoted her soon to be released book, “107 Days.” Harris was unable to name the current leaders of the Democratic Party. 5:40pm- George Stephanopoulos gets stuck in an elevator! Plus, should we all start watching the WNBA? This week one player lost her wig mid-game (leading to a fan being ejected for making fun of the incident), and in another game someone threw a bright green sex toy onto the court late in the 4th quarter! Also, are Justin ...
The Rich Zeoli Show- Hour 1: 3:05pm- Rich notes that despite using 5% less electricity and 24% less gas, his bill has doubled thanks to Governor Phil Murphy's failed energy policies. This amounts to yet another reason why New Jersey can't afford to elect Mikie Sherrill in November. 3:10pm- According to the latest jobs report made available by the Labor Department, the U.S. economy only added 73,000 jobs in the last month—with unemployment rising from 4.1% to 4.2%. 3:15pm- In a post to Truth Social, President Donald Trump announced: “Based on the highly provocative statements of the Former President of Russia, Dmitry Medvedev, who is now the Deputy Chairman of the Security Council of the Russian Federation, I have ordered two Nuclear Submarines to be positioned in the appropriate regions, just in case these foolish and inflammatory statements are more than just that. Words are very important, and can often lead to unintended consequences, I hope this will not be one of those instances.” 3:30pm- Corey DeAngelis—Senior Fellow at the American Culture Project & Author of the book, “The Parent Revolution: Rescuing Your Kids from the Radicals Ruining Our Schools.”—joins The Rich Zeoli Show to discuss his latest article for The New York Post, “Randi Weingarten's Globalist Gambit Threatens Our Kids' Future Freedoms.” Plus, he reacts to Weingarten's ridiculous claim that halting federal defunding for NPR will result in democracy “backsliding.”
Andrew Walworth, Tom Bevan and Carl Cannon discuss new jobs data from the Labor Department that show the labor market is slowing. And, they talk about Sen. Chuck Grassley (R-IA) who released newly declassified documents related to the Trump/Russia investigation including conversations between the Hillary Clinton campaign and George Soros' Open Society Foundation. Next, they discuss President Trump's plans to break ground in September on a new $200 million ballroom for the White House, and they give up their “You Cannot Be Serious” stories for the week. Then, Part 1: RCP White House correspondent Phil Wegmann talks with Neera Tanden, President of the Center for American Progress and a key presidential aide during the Biden Administration, about her recent article for The Wall Street Journal, “How Democrats Can Win on Immigration". And, Part 2: RCP White House correspondent Phil Wegmann talks with Neera Tanden about the symbolism of Alligator Alcatraz and her recent testimony before the House Oversight Committee on staff use of the autopen during the Biden Administration. Tanden is currently president of the Center for American Progress. She was director of the United States Domestic Policy Council from 2023 to 2025 and staff secretary to President Joe Biden from 2021 to 2023.
Kevin offers his insights and opinion on the increasing criticism of Federal Reserve Chairman Jerome Powell and covers the following stories: ADP released their National Employment Report (Private Payrolls); The U.S. Labor Department released the weekly jobless claims; the U.S. Commerce Department released the Personal Consumption Expenditures Price Index; the U.S. Bureau of Economic Analysis reported June Personal Income, Consumer Spending and Personal Savings Rate; the U.S. Commerce Department reported Personal Consumption Expenditures (the Federal Reserve's preferred inflation gauge); a provision in the One Big Beautiful Bill that eliminates a regulation many have wanted eliminated for 50 yrs.; Kevin has the details, sifts through the data, puts the information into historic perspective and offers his insights and an opinion or two. Oil reacts to various geopolitical events, sanctions and ongoing trade talks.
Stocks dropped in morning trading on Wall Street Friday, and Treasury yields fell sharply after a significant slowdown in hiring last month. Trump signed executive orders to impose tariffs ranging from 15 to 41 percent on goods from dozens of countries overnight — hours before his self-imposed August 1 trade deadline. Markets also declined across Europe and Asia. Exacerbating losses in the U.S. was the release of weak U.S. Labor Department jobs data, which showed that American employers added only 73,000 jobs last month, lower than expected.~This episode is sponsored by iTrust Capital~iTrustCapital | Get $100 Funding Reward + No Monthly Fees when you sign up using our custom link! ➜ https://bit.ly/iTrustPaul00:00 Intro00:09 Sponsor: iTrust Capital00:30 WRECK-oning Day is here!01:37 Liquidations02:05 CNBC: Data reports (not looking good)03:17 Trade War escalates03:50 Tariff reality check04:45 Is apple absorbing the cost?06:40 Trump blames Jerome Powell07:15 Powell warned us07:45 Fed rate cut polymarket08:30 Meme mania: Due for correction?08:50 Fear and greed09:15 Tom Lee: Markets are still not frothy11:00 Liberation Day dip12:00 Outro#Bitcoin #tariffs #trump~Tariff Wreck-oning Day!
Wall Street slumps after the Labor Department's report on weak hiring numbers and President Trump's latest tariff news.
The U.S. job market added just 73,000 jobs in July, with unemployment ticking up to 4.2%. The Labor Department revised earlier job numbers for May and June downward by a combined 258,000. Economists point to fallout from President Donald Trump's trade agenda, tariffs, and rising costs as factors slowing hiring. Healthcare led job growth while manufacturing and federal employment declined. Wall Street markets slid in response to the weak report. Subscribe to our newsletter to stay informed with the latest news from a leading Black-owned & controlled media company: https://aurn.com/newsletter Learn more about your ad choices. Visit megaphone.fm/adchoices
We started a new month today. August is going to be a hot one, and not just in the weather. It began with a news day full of anger, hatred, fear, and pontification about essential things in our lives, much of which has been misrepresented or lied about.Two different job reports were released today. One came from the Labor Department, the other from ADP. In our report to you today, we'll give you the numbers on jobs from both sources, but both sites have almost opposite numbers for jobs! Does that surprise you? Make sure and get the details.Trump's list of tariffs on our foreign partners was released. Explanations of the processes used to set those indicate most nations are going to cooperate with the U.S peacefully. Colorado's state government has attacked some of its own law enforcement officers for political "wrongdoing." What was wrong? They spoke to federal immigration officers about illegal immigrants arrested by Colorado police giving their information.Both Joe Biden and Kamala Harris have slipped back into the public consciousness. In their speaking to others, many of the issues Americans had with both of them were confirmed again as being "warranted." However, Kamala announced she will not run for governor in California, contrary to expectations. What will she do?
Kevin offers his insights and opinion on the increasing criticism of Federal Reserve Chairman Jerome Powell and covers the following stories: ADP released their National Employment Report (Private Payrolls); The U.S. Labor Department released the weekly jobless claims; the U.S. Commerce Department released the Personal Consumption Expenditures Price Index; the U.S. Bureau of Economic Analysis reported June Personal Income, Consumer Spending and Personal Savings Rate; the U.S. Commerce Department reported Personal Consumption Expenditures (the Federal Reserve's preferred inflation gauge); a provision in the One Big Beautiful Bill that eliminates a regulation many have wanted eliminated for 50 yrs.; Kevin has the details, sifts through the data, puts the information into historic perspective and offers his insights and an opinion or two. Oil reacts to various geopolitical events, sanctions and ongoing trade talks.
UCLA is the latest college to settle an antisemitism case, and it will give several million to Jewish organizations. A lawsuit by pro-Palestinian activists remains pending. 6.6% of college-educated 20 to 24-year-olds are unemployed and actively job-hunting, according to the Labor Department. Why are they struggling to launch? Employers in coveted fields are turning to AI instead of hiring recent college graduates. The white-collar sector is threatened. ‘It's Always Sunny in Philadelphia’ is the defining American sitcom because it satirizes the dark side of human nature, argues M.H. Miller.
The U.S. Labor Department unveiled a plan to deregulate industries and reduce employer compliance costs. The proposal targets rules affecting wages, safety and working conditions across sectors such as home health care, agriculture, construction and mining.
UCLA is the latest college to settle an antisemitism case, and it will give several million to Jewish organizations. A lawsuit by pro-Palestinian activists remains pending. 6.6% of college-educated 20 to 24-year-olds are unemployed and actively job-hunting, according to the Labor Department. Why are they struggling to launch? Employers in coveted fields are turning to AI instead of hiring recent college graduates. The white-collar sector is threatened. ‘It's Always Sunny in Philadelphia' is the defining American sitcom because it satirizes the dark side of human nature, argues M.H. Miller.
The following stories were covered during today's show: The White House released "Winning the AI Race: America's AI Action Plan;" the U.S. Labor Department reported the U.S. Weekly Jobless Claims; S&P Global released the Composite Purchasing Manager's Index (PMI), the Manufacturing PMI Contracts, and Services PMI; the Mortgage Bankers Association reported the Weekly Mortgage Application Volume Index; the U.S. Commerce Department's Census Bureau reported June U.S. New Home Sales; Kevin has the details, sifts through the data, offers his insights, puts the data into historic perspective and offers an opinion or two. Oil and gas prices react to expected Russian cuts in gasoline exports, optimism over U.S. and European Union trade negotiations, sharper than expected draws on U.S. crude oil inventories, ongoing Russia and Ukraine peace talks and uncertainty over U.S. - China trade talks.
The following stories were covered during today's show: The White House released "Winning the AI Race: America's AI Action Plan;" the U.S. Labor Department reported the U.S. Weekly Jobless Claims; S&P Global released the Composite Purchasing Manager's Index (PMI), the Manufacturing PMI Contracts, and Services PMI; the Mortgage Bankers Association reported the Weekly Mortgage Application Volume Index; the U.S. Commerce Department's Census Bureau reported June U.S. New Home Sales; Kevin has the details, sifts through the data, offers his insights, puts the data into historic perspective and offers an opinion or two. Oil and gas prices react to expected Russian cuts in gasoline exports, optimism over U.S. and European Union trade negotiations, sharper than expected draws on U.S. crude oil inventories, ongoing Russia and Ukraine peace talks and uncertainty over U.S. - China trade talks.
President Trump announced a trade deal with Japan that will impose 15% tariffs on imports. Wall Street is happy, but it could put the United States in an awkward position as the Trump administration continues to seek other deals. Sabri Ben-Achour explains. Also, the federal government is leading a major deregulatory crusade. And they want your input. Plus, quilts and blooming plants make us smile.Here's everything we talked about today:"Trump's Labor Department proposes more than 60 rule changes in a push to deregulate workplaces" from AP News"Trump Strikes Deal With Ally Japan Setting Tariff Rate at 15%" from BloombergListener Jen's quilting Instagram We love hearing from you. Leave us a voicemail at 508-U-B-SMART or email makemesmart@marketplace.org.
President Trump announced a trade deal with Japan that will impose 15% tariffs on imports. Wall Street is happy, but it could put the United States in an awkward position as the Trump administration continues to seek other deals. Sabri Ben-Achour explains. Also, the federal government is leading a major deregulatory crusade. And they want your input. Plus, quilts and blooming plants make us smile.Here's everything we talked about today:"Trump's Labor Department proposes more than 60 rule changes in a push to deregulate workplaces" from AP News"Trump Strikes Deal With Ally Japan Setting Tariff Rate at 15%" from BloombergListener Jen's quilting Instagram We love hearing from you. Leave us a voicemail at 508-U-B-SMART or email makemesmart@marketplace.org.
In our news wrap Tuesday, the UN human rights office says Israeli forces have killed more than 1,000 Gazans seeking aid since May, the Trump administration is citing an alleged anti-Israel bias in its decision to again withdraw from UNESCO, the Labor Department proposed rollbacks to workplace regulations and GM posted a 35% drop in quarterly profit dragged down by the impact of tariffs. PBS News is supported by - https://www.pbs.org/newshour/about/funders
In our news wrap Tuesday, the UN human rights office says Israeli forces have killed more than 1,000 Gazans seeking aid since May, the Trump administration is citing an alleged anti-Israel bias in its decision to again withdraw from UNESCO, the Labor Department proposed rollbacks to workplace regulations and GM posted a 35% drop in quarterly profit dragged down by the impact of tariffs. PBS News is supported by - https://www.pbs.org/newshour/about/funders
AP's Lisa Dwyer reports on potential rollbacks on labor protections by the Trump administration.
Today's West Coast Cookbook & Speakeasy Podcast for our especially special daily special, Tarrytown Chowder Tuesday is now available on the Spreaker Player!Starting off in the Bistro Cafe, the “most transparent administration in history” keeps exposing their Epstein cover up for the world to see.Then, on the rest of the menu, Trump's Labor Department proposes more than sixty rule changes to deregulate workplaces; Trump administration officials sold stocks days before key tariff announcements; and, MAGA Blondie Bondi is taking revenge on the family of the man who created the Anti-ICE app.After the break, we move to the Chef's Table where a fugitive Moldovan oligarch implicated in a one billion dollar bank fraud has been detained in Greece; and, a British man who dreamed of being like James Bond was convicted of attempting to spy for Russia.All that and more, on West Coast Cookbook & Speakeasy with Chef de Cuisine Justice Putnam.Bon Appétit!The Netroots Radio Live PlayerKeep Your Resistance Radio Beaming 24/7/365!“As I ate the oysters with their strong taste of the sea and their faint metallic taste that the cold white wine washed away, leaving only the sea taste and the succulent texture, and as I drank their cold liquid from each shell and washed it down with the crisp taste of the wine, I lost the empty feeling and began to be happy and to make plans.” -- Ernest Hemingway "A Moveable Feast"Become a supporter of this podcast: https://www.spreaker.com/podcast/west-coast-cookbook-speakeasy--2802999/support.
In recent days, federal courts have dismissed two notablesuits regarding forfeiture reallocation, but most notably the Labor Department has now weighed in on behalf of plan fiduciaries in another case. Could this be a turning point? Nevin & Fred weigh in.The suits – against JP Morgan and Wells Fargo – weredismissed in different courts on different grounds. Still, they came at a time, and in a way, that suggests at least some federal courts are now inclined to see practices long sanctioned by practice (and the IRS) as meritless.The real game changer, of course, might be the LaborDepartment's “friend of the court” filing on yet another suit – one that the fiduciary defendants have already had success in challenging the suit, and yet find themselves (still) in court litigating the issue(s).Speaking of the Labor Department, a federal judge in Texasrecently ruled on a suit filed challenging the application of the so-called fiduciary regulation, most specifically with regard to its implications on rollovers.So what does all that portend for ERISA plan fiduciaries? And what might the anticipated executive order from the Trump Administration expanding/opening the door for private assets in defined contribution mean?All this and more in the latest episode of Nevin (Adams)& Fred (Reish)…Episode ResourcesForfeituresDOL Backs HP in Forfeiture Reallocation Suit AppealWells Fargo Fends Off Forfeiture Fiduciary Suit JP Morgan Gets Clear Win in 401(k) Forfeiture Reallocation SuitFiduciary SuitFederal Court Vacates Part of Rollover RulePrivate MarketsRetirement Plan Participants Want Access to Private Market InvestmentsPrivate Market Investments: Promises and Potential Pitfalls https://issuu.com/usaretirement/docs/napa_net_the_magazine_summer_2025Empower'sMurphy Responds to Warren's Private Market Criticism
Kevin covers the following stories: the U.S. Labor Department released the Weekly Jobless Claims Report; the U.S. Commerce Department released the June Retail Sales report; the Federal Reserve's periodic evaluation of the economy, known as the Biege Book, was released; the National Association of Home Builders released their Monthly Builder Confidence Survey; Trump announces a major agreement with Coca-Cola and all that is affecting oil and gas prices. Kevin has the details, digs into the data, offers his insights, puts the information into historic perspective and offers an opinion or two.
More than five years after the start of the pandemic, we're learning more about who's working in person and who isn't. Labor Department data shows 29% of men work from home, down from 34% two years ago. But the number of women working remotely has stayed flat at 36%. We'll discuss what to make of the dynamic. Also: Wholesale inflation remains unchanged, and the White House launches an investigation into unfair trade practices by Brazil.
More than five years after the start of the pandemic, we're learning more about who's working in person and who isn't. Labor Department data shows 29% of men work from home, down from 34% two years ago. But the number of women working remotely has stayed flat at 36%. We'll discuss what to make of the dynamic. Also: Wholesale inflation remains unchanged, and the White House launches an investigation into unfair trade practices by Brazil.
Today, Kevin covers: -The U.S. Labor Department released the Weekly Initial Jobless Claims Report. -The Federal Reserve released the minutes from their June 17-18 meeting, when they left interest rates unadjusted. -Americas Commercial Transportation Research Co. and Freight Transportation Research Associates Transportation Intelligence, released June Class 8 Truck Order numbers. -International Motors released 2nd Quarter truck and bus sales. -Tyson Foods' Amarillo beef plant employees ratify a new four-year contract. -What is affecting oil and gas prices. Kevin digs into the details, reviews the data, offers his insights, puts the data into historic perspective and offers his opinion.
The Labor Department today reported the United States added 147,000 jobs in June. The number beat economists expectations, and it sits in stark contrast to yesterday's ADP report which showed private sector lost 33,000 jobs last month. So what gives? We'll explain what the two reports can tell us about the labor market right now. And, President Trump's immigration crackdown could lead to more federal surveillance on all Americans. Plus, we want to hear about the wins in your life!Here's everything we talked about today:"ADP report June 2025: Private sector lost 33,000 jobs, missing expectations" from CNBC"Republican Budget Bill Signals New Era in Federal Surveillance" from Tech Policy Press"Steady Hiring Added 147,000 Jobs to U.S. Economy in June" from The Wall Street Journal"Can We Trust a Jobs Report From the Trump Administration? Yes, With Caveats." from The New York TimesGot a question for the hosts? Call 508-U-B-SMART or email makemesmart@marketplace.org.
P.M. Edition for July 3. House Republicans overcame some lawmakers' resistance to narrowly pass the tax-and-spending bill ahead of President Trump's July 4 deadline. WSJ reporter Jasmine Li discusses what's in the final bill. Plus, U.S. stocks notch another closing high after the Labor Department's June jobs report came in stronger than expected. We hear from WSJ investing columnist Spencer Jakab about what the report says about the economy, and what's now on Fed officials' minds ahead of their meeting later this month. And Journal science reporter Nidhi Subbaraman tells us how Harvard is already preparing to fill the gaps in its budget left by a loss of federal funding. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
The Labor Department today reported the United States added 147,000 jobs in June. The number beat economists expectations, and it sits in stark contrast to yesterday's ADP report which showed private sector lost 33,000 jobs last month. So what gives? We'll explain what the two reports can tell us about the labor market right now. And, President Trump's immigration crackdown could lead to more federal surveillance on all Americans. Plus, we want to hear about the wins in your life!Here's everything we talked about today:"ADP report June 2025: Private sector lost 33,000 jobs, missing expectations" from CNBC"Republican Budget Bill Signals New Era in Federal Surveillance" from Tech Policy Press"Steady Hiring Added 147,000 Jobs to U.S. Economy in June" from The Wall Street Journal"Can We Trust a Jobs Report From the Trump Administration? Yes, With Caveats." from The New York TimesGot a question for the hosts? Call 508-U-B-SMART or email makemesmart@marketplace.org.
A federal judge has stopped the Labor Department from halting operations at the federal Job Corps program, which gives teenagers and young adults training in trades like construction and car repair. We'll hear about the costs of the program — and the potential costs of cutting it. Plus, economic growth has been revised downward, and a new report finds that home ownership costs are uncomfortably high in nearly 80% of U.S. counties.
A federal judge has stopped the Labor Department from halting operations at the federal Job Corps program, which gives teenagers and young adults training in trades like construction and car repair. We'll hear about the costs of the program — and the potential costs of cutting it. Plus, economic growth has been revised downward, and a new report finds that home ownership costs are uncomfortably high in nearly 80% of U.S. counties.