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.