This podcast episode covers various topics, including accusations against former President Donald Trump, his involvement in Capitol Hill politics, a dropped lawsuit, a casino hack, and a strike by healthcare workers. It also discusses the impact of rising yields on financial conditions and inflation, as well as the stability of the banking sector. Main points • The New York Times reports potential sensitive information sharing by former President Trump regarding nuclear submarines. • Trump endorses Congressman Jim Jordan in a speakership fight on Capitol Hill. • Trump drops a lawsuit against his ex-lawyer, stating intention to revisit it later. • The casino hack at MGM Resorts International costs $100 million but incurs less than $10 million in expenses. • Tens of thousands of healthcare workers strike at Kaiser Permanente for higher wages and better working conditions. • Russian missile strike in northeast Ukraine results in over 50 deaths. • Elon Mas X Corporation (previously known as Twitter) tests a three-tier premium service model. • Rising yields benefit the Fed in tightening financial conditions and reducing inflation. • The banking sector shows resilience and stability despite the rise in yields. • Factors influencing bond yields include supply and demand changes, Fed policy, and the potential rise of the real neutral rate of interest.
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