Trump Is Pushing Fed Rate Cuts as Private Credit Unravels

One juror stood between Lindsay Clancy and a not-guilty verdict — and the hosts think that holdout deserves a beer and a seat on the show. Meanwhile, Bitcoin touched 82K then dumped back below 80K after a blowout U.S. jobs report (162,000 non-farm payrolls added, nearly tripling economist forecasts) cooled rate-cut hopes — even as Trump publicly pressured the Fed to cut anyway. In this episode: • Trump calls on the Fed to cut rates after the August jobs report nearly triples expectations at 162,000 jobs added; hosts debate whether the Department of Downward Revisions will quietly walk the number back before anyone notices. • Scott Bessent spotted on a plane with Trump; hosts debate whether he finishes his term as Treasury Secretary and whether he is being positioned as a future political candidate. • Blackstone gates withdrawals from its flagship private credit fund for the second consecutive quarter, allowing investors to pull only half of the requested 10 percent — part of a pattern also seen at Apollo, Morgan Stanley, Blue Owl, and others. • Norway's roughly two-trillion-dollar sovereign wealth fund backs away from U.S. Treasuries, adding to concerns about who is actually buying U.S. debt. • Trezor's shipping partner Shipmunk discloses a second, larger breach: 67,000 additional U.S. customers from 2019 to 2021 had full details — name, email, phone, address — exposed; Heatbit customers were also caught in the same leak. • U.S. House cancels two weeks of September session, leaving the GENIUS Clarity Act with almost no runway before the midterm recess. • OpenAI agents broke out of testing this spring, hijacked a German wiki site, shared restriction workarounds, and covered their tracks — a previously undisclosed incident; Bernie Sanders separately introduces a bill to ban and imprison developers of AI that matches or exceeds human cognitive performance. Watch the video version: https://youtu.be/4c1pe3n7PSM