On The Record (6-30-26).

This week we mapped out how Wall Street has talked itself into a story it can’t stress-test—Accenture getting punished whether AI succeeds or fails, Saylor quietly selling the Bitcoin he swore he’d never sell, and the hyperscalers borrowing billions to fund a buildout that may be obsolete before it’s finished. Then we looked at the inflation numbers, which are stuck well above target, and the quiet methodology change coming this fall that’ll let everyone claim victory without prices actually moving an inch. Chapters Intro: 00:00:37 Quick Takes: 00:01:25 Max Notes: 00:07:06 Killer Left Take of the Week: 00:18:55 Chart of the Week: 00:21:06 Headlines: 00:26:00 Outro: 00:27:08 Resources PBS NewsHour: Stephen Miller says ‘America’s doors are closed fully to asylum seekers’ after SCOTUS ruling TMZ Clips: Dr. Oz Says Great American State Fair Crowd Is Huge, But Camera Pan Shows Otherwise CBS New York: Trump says NYC rent freeze will turn buildings “into ghettos and slums” ScotusBlog.com Motley Fool: Accenture Shares Plunged 50% This Year. Here’s What Investors Need to Know. Yahoo! Finance: Strategy Says It May Sell Up to $1.25 Billion of Bitcoin Yahoo! Finance: Meta, Alphabet, Amazon, and Microsoft are getting hooked on debt to fuel AI boom Reuters: Cheaper AI is better: Soaring bills are reshaping how businesses choose models TechTarget: Will data centers become obsolete? Breaking Points: “I’M DONE!” Carville, Dem Elites CRASH OUT, Demand Dem Divorce Macro Micro: US - Personal Consumption Expenditure Price Index [PCE] U.S. Bureau of Economic Analysis: Personal Consumption Expenditures Price Index Farm Service Agency: Supplemental Disaster Relief Program (SDRP) U.S. News: Methodology Changes Could Lower US May Core PCE Inflation, Economists Say Daily Kos: Thanks, GOP: Student borrowers face massive bills this week The Intercept: Abdul El-Sayed Becomes First Senate Candidate Backed by Pro-Palestine Jewish Group ProPublica: Native American Tribes Came Together to Secure Their Rights to Colorado River Water. Four States Are Stalling the Deal. UNFTR Resources Video: On The Record 6-30-26 (Wall Street Insanity | White House Depravity | Zohran Crushing) Essay: Wall Street Is Cooked. Video: SpaceX IPO: What They’re Not Telling Retail Investors UNFTR Trivia UNFTR Newsletter 5 Non-Negotiables of the Left -- If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: unftr.com/rate and follow us on Facebook, Bluesky, and Instagram at @UNFTRpod. Visit us online at unftr.com. Become a member at unftr.com/memberships. Buy yourself some Unf*cking Coffee at shop.unftr.com. Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations. Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibility. Support the show: https://www.unftr.com/memberships See omnystudio.com/listener for privacy information.