HEADLINE BRIEF: NEW SECRET DOCUMENTS ON TRUMP RUSSIA // TARIFFS PREVENT WAR IN ASIA // SHOCKING NEWS FROM PANAMA // ARABS HAMMER HAMAS // AI REVOLUTION IN COLOMBIA: THE FUTURE OF KIDS
The main categories used to determine the health of an economy seem to be doing well. GDP came in at 3.0% growth. That was higher than predicted and a good thing. Inflation came in at about 2.7%. For the year, it’s about 2.4%. So, inflation is still tolerable, perhaps not where we want it, but not gone wild.
We also have a good jobs report that says unemployment is at about 4.1% unemployment. There is some question in the jobs area as the number of jobs added has been problematic for at least 5 years. Trump fired the head of the BLS over what he sees as a lack of reliable, timely reporting. And finally, with respect to the flow of money at the Treasury; we actually have more money coming into the Treasury than expected and we’ve had a month where the government spent less than it took in.
How is this being received? The Left discounts it. Senator Schumer says these figures are all bogus, even though they’re from non-administration sources, government bureaucracies. Here’s the problem: If you don’t believe the numbers how do you make reasoned decisions?
On the GDP The Wall Street Journal said it’s because GDP is measured by imports and exports, and we had fewer imports and more exports. But isn’t that good? The WSJ counters it’s an aberration. The media told us we were going to have high inflation or stagflation, bad job growth, static GDP, a trade war plus a Wall Street collapse… basically, a recession. Every one of those predictions was wrong.
What are we to make of the Federal Reserve Chairman, Jerome Powell? Usually, the Fed cuts rates when they’re worried about economic instability, meaning they fear recession. He’s not cutting rates. The economy may not be booming but it is still strong.
Why would Powell keep interest rates at 4.5%? With all the recessionary talk, we might have thought he would lower rates. That’s what the Fed does when we have recession. He says he’s looking at the economy and he’s not lowering rates… because he doesn’t see a recession.
Regarding your concern about how AI is going to affect our younger population: If AI continues to make technological progress it will indeed eliminate some, many(?), jobs. The jobs eliminated will be those that do not require much creative thinking. Ones that are typical for high school and college graduates. If we look back robots replaced many assembly line auto workers which were great jobs for new graduates. The spread of the internet and the commensurate increase in processing power brought the world's information to our fingertips. In the process newspapers and magazines became unneeded again eliminating decent first-time jobs for graduates. Those changes brought with them new jobs. Yes, there was a transition, and it was a challenge for many. But we got through it. One notable change is the reduction in union jobs. However, those changes also increased productivity, which is key to rapid growth. I think with AI in the marketplace, the challenge will be on the education system to produce graduates that have the ability and skills to perfom the jobs that AI cannot. AI raises the bar. Maybe now, before the Department of Education is eliminated, they can sound the alarm that we need to raise the educational standards so new grads can out compete AI. The Dems always viewed education as an indoctrination ceneters. This administration should begin to advocate for better education in the world of AI.
July’s 73,000 jobs missed expectations by about 30%. But the revisions to past months exposed the real problem. May was cut about 85% to 19,000 from 125,000…, June was cut about 90% to 14,000 from 147,000. There’s something very wrong at BLS. The economy grew 106,000 jobs in three months. That’s a significant slowdown that blindsided most economists. Now ask yourself why Powell isn’t moving fast at the Fed… He knows the numbers the government is producing are crap. Maybe he’d rather be late and right than early and wrong… Just saying… President Trump fired BLS Commissioner Erika McEntarfer, claiming without evidence that jobs numbers were manipulated.
New tariff rates from 10% to 41% take effect August 7th across dozens of countries. Switzerland faces 39% duties; Canada gets 35% on non-USMCA goods. The 90-day extension for U.S.-China trade talks suggests tough negotiations.
Treasury yields fell sharply. The 10-year note dropped 16 basis points to 4.214% while the 2-year yield posted its largest single-day decline since August 2024, falling 24 basis points. The yield curve steepened significantly as markets anticipate aggressive easing cycles. Bond market reaction suggests investors expect the Fed to prioritize employment over inflation concerns. Corporate credit spreads could tighten if the Fed moves quickly to support economic growth.
The Fed’s messaging will be crucial in managing expectations around rate cuts. Hints of emergency inter-meeting action could signal deeper economic concerns. Heads up… Companies with international exposure may revise earnings forecasts based on final tariff structures. Moving forward, focus on management commentary about tariff cost absorption versus pricing power. Companies with strong margins may outperform those facing compression from trade policy changes.
Bryan, I pasted the Russia collusion part of today’s transcript into ChatGPT and asked for an analysis. Getting an accurate answer was like pulling hens’ teeth. You may be interested in the exchange. If the link doesn’t work for you, let me know and I’ll send you the full text of the conversation.
‘When people get used to preferential treatment, equal treatment seems like discrimination’…..Thomas Sewell.
In early JUNE, 2025 there was an ICE immigration/ID theft raid at Glenn Valley Foods in Omaha, Nebraska. Fast forward to today. Most of the detainees are held at a facility in central Nebraska. A few of the detainees have had the ID theft charges dropped. The reasoning is because the statute of limits expired concerning the ID theft, but they are still held on other procedural issues. As I see it, they were using the stolen ID up to the day of the raid. Can somebody out there tell me how the stolen ID charges timed out?
Meanwhile, several agencies are providing aide and counseling to the detainees and families. They claim they were coming here ‘to improve their lives’, and they are the victims.
I have not seen ANY press time for the ID theft victims. Absolutely nothing. If there are agencies reaching out to aide the victims, I have not seen it. I can only imagine how their lives have been screwed up.
It’s difficult for me to justify entering illegally, stealing an ID is acceptable and worthy of sympathy, yet the real victims (ID theft victims) are forgotten.
Payrolls only grew by 73,000 with the expection of 102,000. This is not a good indicator. The revisions also were larger than expected and the revision were in the doward direction. Markets are down. Maybe this will motivate the Fed to drop interest rates...
If there is any silver lining in that cloud it is that foreign born employment fell and native born employment rose, continuing the trend of the U.S. labor market rebalancing away from dependence on migrants at the expense of Americans. The number of foreign-born people in the labor force fell, likely reflecting the crackdown on illegal immigration.
I realize that Biden admin must not have been at fault for all the revisions. Looks like it is to be expected. Of course the left will be so pleased! I can hear the “see we told you”. We will survive this but those in manufacturing and construction are really hurting.
Trump fired the head of the Bureau of Labor Statistics. The crap numbers from them, BLS, has been going on for years. I give Trump a big thumbs up for this action.
It should give all the people impatient with Fed Chair Powell pause to consider their position. No decision maker wants to have to decide early when they know their decision is based on crap numbers.
Bryan, I have been listening to your podcast from the beginning and became a paid subscriber today to support your efforts to continue bringing information ignored by the main Stream Media. I know how you feel about the Dirty Green Energy and agree with you. My Question is the Biden administration would never release the data of the number of birds killed by Windmills, as it was classified, (meaning they didn't want to tell us.) The other day in Scotland, President Trump mentioned that thousands of Eagles get killed by windmills. With the changes in Washington, can the data now be released as to how many birds are killed by windmills? This should not affect national security and only make people, even the so called environmentalists that should care the most, aware of the damage the ugly inefficient windmills do to the environment.
Companies are responding to Trump’s strategic use of tariffs to encourage domestic manufacturing. Today's list reads like a who’s who of industrial America; it’s getting longer.
• Mars is spending $2 billion on American production. They spent over $6 billion on American production during the past five years.
• Hyundai committed $20 billion to bring manufacturing operations stateside.
• General Motors pledged $4 billion for their American plants over two years.
• GE Aerospace announced nearly $1 billion in domestic manufacturing investment.
• Eli Lilly went all-in with an additional $27 billion for drug production pushing their total American manufacturing investment past $50 billion since 2020.
• And Apple made the biggest splash committing $500 billion over five years, including a cutting-edge AI server manufacturing facility near Houston. They’re also doubling their Advanced Manufacturing Fund to $10 billion.
Re: Ai and jobs - I think people should avoid using doom & gloom predictions and instead look at history. In my opinion everyone has a much better life today than 200 years ago. We have more jobs and we live better lives. I don't think there's a technological advancement in history that made the economy lose jobs in a significant manner. When cars became a thing it did destroy the horse drawn buggy business and I don't know a single farrier. Generally speaking employees get paid more if they are more productive. For example you will pay a carpenter w/o a hammer $1 but a carpenter with a hammer $100 bc he will be 10000 times more efficient and produce a more valuable output. I will pay you $1 to deliver an item by horse, $10 by car, but $75 for overnight delivery by plane. If Ai is great then people will use it to make ourselves even greater and we will charge for that and we will want to pay the premium for it.
Currently we use AI as a mere tool to increase efficiency. This is great but unlike regular tools it will reach self awareness and create more than we bargained for. For me this is similar to what the book of Genesis tells us about mankind eating the apple of knowledge in the Garden of Eden and eventually trying to surpass our creator. And while we are glued to our phones we will be an easy target for AI to learn our habits and then manipulate us to our detriment.
Funny how tariffs were used to prevent a war. I heard this at the time and it didn't get much coverage. Thank you for covering this and reporting the new nuggets unveiled by Tulsi Gabbard and the Trump administration. Of course CNN, MSNBC, the New York Times and other rags like it won't cover this newly documented material. They received Pulitzer prizes for spewing lies and are not about to opened that can of worms. These outlets won't be able to ignore indictments when they come down on Comey, Brennan and Clapper but they will be spun as lawfare.
The AI revolution is a blessing and a curse. Incredible medical progress and cures will be coming but we are already seeing the impact on graduates even in fields like accounting and finance that historically were very solid degrees leading to a decent life style. Well see were all this goes but it's important to recognize the issue and work toward solutions.
God bless and protect our troops, our first responders, and God bless this great United States of America.
Jake Tapper must already be working on his new book, 'Original Collusion", as a sequel to his Original Sin tome where he will tell all; except how the lame stream media failed to report any of it. I won't be buying either!
Traveling to the US visa free does not necessarily mean unvetted. How efficient are our immigration checkpoints? As I travel to SKorea every person entering, including SKorean citizens returning home are photographed and finger scanned. Reentering the US was not as extensive but even being a US citizen I still had to enter through customs and immigration where my passport was scanned. At least these Argentinians will be enter through ports of entry and not just walking across the border totally unvetted.
Hopefully with these new benefits given to some cities like Argentina, needed up screening will be in place. With this program starting next year at the earliest there is time to do it properly.
Warning Market Rant:
The main categories used to determine the health of an economy seem to be doing well. GDP came in at 3.0% growth. That was higher than predicted and a good thing. Inflation came in at about 2.7%. For the year, it’s about 2.4%. So, inflation is still tolerable, perhaps not where we want it, but not gone wild.
We also have a good jobs report that says unemployment is at about 4.1% unemployment. There is some question in the jobs area as the number of jobs added has been problematic for at least 5 years. Trump fired the head of the BLS over what he sees as a lack of reliable, timely reporting. And finally, with respect to the flow of money at the Treasury; we actually have more money coming into the Treasury than expected and we’ve had a month where the government spent less than it took in.
How is this being received? The Left discounts it. Senator Schumer says these figures are all bogus, even though they’re from non-administration sources, government bureaucracies. Here’s the problem: If you don’t believe the numbers how do you make reasoned decisions?
On the GDP The Wall Street Journal said it’s because GDP is measured by imports and exports, and we had fewer imports and more exports. But isn’t that good? The WSJ counters it’s an aberration. The media told us we were going to have high inflation or stagflation, bad job growth, static GDP, a trade war plus a Wall Street collapse… basically, a recession. Every one of those predictions was wrong.
What are we to make of the Federal Reserve Chairman, Jerome Powell? Usually, the Fed cuts rates when they’re worried about economic instability, meaning they fear recession. He’s not cutting rates. The economy may not be booming but it is still strong.
Why would Powell keep interest rates at 4.5%? With all the recessionary talk, we might have thought he would lower rates. That’s what the Fed does when we have recession. He says he’s looking at the economy and he’s not lowering rates… because he doesn’t see a recession.
Regarding your concern about how AI is going to affect our younger population: If AI continues to make technological progress it will indeed eliminate some, many(?), jobs. The jobs eliminated will be those that do not require much creative thinking. Ones that are typical for high school and college graduates. If we look back robots replaced many assembly line auto workers which were great jobs for new graduates. The spread of the internet and the commensurate increase in processing power brought the world's information to our fingertips. In the process newspapers and magazines became unneeded again eliminating decent first-time jobs for graduates. Those changes brought with them new jobs. Yes, there was a transition, and it was a challenge for many. But we got through it. One notable change is the reduction in union jobs. However, those changes also increased productivity, which is key to rapid growth. I think with AI in the marketplace, the challenge will be on the education system to produce graduates that have the ability and skills to perfom the jobs that AI cannot. AI raises the bar. Maybe now, before the Department of Education is eliminated, they can sound the alarm that we need to raise the educational standards so new grads can out compete AI. The Dems always viewed education as an indoctrination ceneters. This administration should begin to advocate for better education in the world of AI.
https://x.com/tparsi/status/1951322310872285256?s=46
https://x.com/repmtg/status/1950919119710105832?s=46
https://x.com/adamemedia/status/1951467334734057561?s=46
https://x.com/HustleBitch_/status/1951395636399710718?t=3VCd-OcL90IC5WLJsmLRZA&s=19
Warning Market Rant:
July’s 73,000 jobs missed expectations by about 30%. But the revisions to past months exposed the real problem. May was cut about 85% to 19,000 from 125,000…, June was cut about 90% to 14,000 from 147,000. There’s something very wrong at BLS. The economy grew 106,000 jobs in three months. That’s a significant slowdown that blindsided most economists. Now ask yourself why Powell isn’t moving fast at the Fed… He knows the numbers the government is producing are crap. Maybe he’d rather be late and right than early and wrong… Just saying… President Trump fired BLS Commissioner Erika McEntarfer, claiming without evidence that jobs numbers were manipulated.
New tariff rates from 10% to 41% take effect August 7th across dozens of countries. Switzerland faces 39% duties; Canada gets 35% on non-USMCA goods. The 90-day extension for U.S.-China trade talks suggests tough negotiations.
Treasury yields fell sharply. The 10-year note dropped 16 basis points to 4.214% while the 2-year yield posted its largest single-day decline since August 2024, falling 24 basis points. The yield curve steepened significantly as markets anticipate aggressive easing cycles. Bond market reaction suggests investors expect the Fed to prioritize employment over inflation concerns. Corporate credit spreads could tighten if the Fed moves quickly to support economic growth.
The Fed’s messaging will be crucial in managing expectations around rate cuts. Hints of emergency inter-meeting action could signal deeper economic concerns. Heads up… Companies with international exposure may revise earnings forecasts based on final tariff structures. Moving forward, focus on management commentary about tariff cost absorption versus pricing power. Companies with strong margins may outperform those facing compression from trade policy changes.
Bryan, I pasted the Russia collusion part of today’s transcript into ChatGPT and asked for an analysis. Getting an accurate answer was like pulling hens’ teeth. You may be interested in the exchange. If the link doesn’t work for you, let me know and I’ll send you the full text of the conversation.
https://chatgpt.com/s/t_688ce264eb50819197941b650b8f139b
‘When people get used to preferential treatment, equal treatment seems like discrimination’…..Thomas Sewell.
In early JUNE, 2025 there was an ICE immigration/ID theft raid at Glenn Valley Foods in Omaha, Nebraska. Fast forward to today. Most of the detainees are held at a facility in central Nebraska. A few of the detainees have had the ID theft charges dropped. The reasoning is because the statute of limits expired concerning the ID theft, but they are still held on other procedural issues. As I see it, they were using the stolen ID up to the day of the raid. Can somebody out there tell me how the stolen ID charges timed out?
Meanwhile, several agencies are providing aide and counseling to the detainees and families. They claim they were coming here ‘to improve their lives’, and they are the victims.
I have not seen ANY press time for the ID theft victims. Absolutely nothing. If there are agencies reaching out to aide the victims, I have not seen it. I can only imagine how their lives have been screwed up.
It’s difficult for me to justify entering illegally, stealing an ID is acceptable and worthy of sympathy, yet the real victims (ID theft victims) are forgotten.
Payrolls only grew by 73,000 with the expection of 102,000. This is not a good indicator. The revisions also were larger than expected and the revision were in the doward direction. Markets are down. Maybe this will motivate the Fed to drop interest rates...
If there is any silver lining in that cloud it is that foreign born employment fell and native born employment rose, continuing the trend of the U.S. labor market rebalancing away from dependence on migrants at the expense of Americans. The number of foreign-born people in the labor force fell, likely reflecting the crackdown on illegal immigration.
I realize that Biden admin must not have been at fault for all the revisions. Looks like it is to be expected. Of course the left will be so pleased! I can hear the “see we told you”. We will survive this but those in manufacturing and construction are really hurting.
Trump fired the head of the Bureau of Labor Statistics. The crap numbers from them, BLS, has been going on for years. I give Trump a big thumbs up for this action.
It should give all the people impatient with Fed Chair Powell pause to consider their position. No decision maker wants to have to decide early when they know their decision is based on crap numbers.
Bryan, I have been listening to your podcast from the beginning and became a paid subscriber today to support your efforts to continue bringing information ignored by the main Stream Media. I know how you feel about the Dirty Green Energy and agree with you. My Question is the Biden administration would never release the data of the number of birds killed by Windmills, as it was classified, (meaning they didn't want to tell us.) The other day in Scotland, President Trump mentioned that thousands of Eagles get killed by windmills. With the changes in Washington, can the data now be released as to how many birds are killed by windmills? This should not affect national security and only make people, even the so called environmentalists that should care the most, aware of the damage the ugly inefficient windmills do to the environment.
Companies are responding to Trump’s strategic use of tariffs to encourage domestic manufacturing. Today's list reads like a who’s who of industrial America; it’s getting longer.
• Mars is spending $2 billion on American production. They spent over $6 billion on American production during the past five years.
• Hyundai committed $20 billion to bring manufacturing operations stateside.
• General Motors pledged $4 billion for their American plants over two years.
• GE Aerospace announced nearly $1 billion in domestic manufacturing investment.
• Eli Lilly went all-in with an additional $27 billion for drug production pushing their total American manufacturing investment past $50 billion since 2020.
• And Apple made the biggest splash committing $500 billion over five years, including a cutting-edge AI server manufacturing facility near Houston. They’re also doubling their Advanced Manufacturing Fund to $10 billion.
Re: Ai and jobs - I think people should avoid using doom & gloom predictions and instead look at history. In my opinion everyone has a much better life today than 200 years ago. We have more jobs and we live better lives. I don't think there's a technological advancement in history that made the economy lose jobs in a significant manner. When cars became a thing it did destroy the horse drawn buggy business and I don't know a single farrier. Generally speaking employees get paid more if they are more productive. For example you will pay a carpenter w/o a hammer $1 but a carpenter with a hammer $100 bc he will be 10000 times more efficient and produce a more valuable output. I will pay you $1 to deliver an item by horse, $10 by car, but $75 for overnight delivery by plane. If Ai is great then people will use it to make ourselves even greater and we will charge for that and we will want to pay the premium for it.
Currently we use AI as a mere tool to increase efficiency. This is great but unlike regular tools it will reach self awareness and create more than we bargained for. For me this is similar to what the book of Genesis tells us about mankind eating the apple of knowledge in the Garden of Eden and eventually trying to surpass our creator. And while we are glued to our phones we will be an easy target for AI to learn our habits and then manipulate us to our detriment.
Bryan,
Funny how tariffs were used to prevent a war. I heard this at the time and it didn't get much coverage. Thank you for covering this and reporting the new nuggets unveiled by Tulsi Gabbard and the Trump administration. Of course CNN, MSNBC, the New York Times and other rags like it won't cover this newly documented material. They received Pulitzer prizes for spewing lies and are not about to opened that can of worms. These outlets won't be able to ignore indictments when they come down on Comey, Brennan and Clapper but they will be spun as lawfare.
The AI revolution is a blessing and a curse. Incredible medical progress and cures will be coming but we are already seeing the impact on graduates even in fields like accounting and finance that historically were very solid degrees leading to a decent life style. Well see were all this goes but it's important to recognize the issue and work toward solutions.
God bless and protect our troops, our first responders, and God bless this great United States of America.
Jake Tapper must already be working on his new book, 'Original Collusion", as a sequel to his Original Sin tome where he will tell all; except how the lame stream media failed to report any of it. I won't be buying either!
Traveling to the US visa free does not necessarily mean unvetted. How efficient are our immigration checkpoints? As I travel to SKorea every person entering, including SKorean citizens returning home are photographed and finger scanned. Reentering the US was not as extensive but even being a US citizen I still had to enter through customs and immigration where my passport was scanned. At least these Argentinians will be enter through ports of entry and not just walking across the border totally unvetted.
The prolific nature of South American Crime Rings would clearly indicate that “visa free” does not equal vetted or sufficiently vetted.
Hopefully with these new benefits given to some cities like Argentina, needed up screening will be in place. With this program starting next year at the earliest there is time to do it properly.