WEBVTT 00:00:00.000 --> 00:00:02.020 All right, let's dive into something truly fascinating 00:00:02.020 --> 00:00:05.320 today. We're looking at August 13th sources. 00:00:05.820 --> 00:00:08.320 I will stack of them really from, you know, Washington 00:00:08.320 --> 00:00:11.259 policy, market moves, cultural stuff, even the 00:00:11.259 --> 00:00:13.359 weather. We want to pull out the key things, 00:00:13.560 --> 00:00:15.759 maybe some surprises. Yeah. The idea is to help 00:00:15.759 --> 00:00:18.820 you connect the dots, see not just what's happening, 00:00:18.820 --> 00:00:22.859 but maybe why it matters. So you walk away informed 00:00:22.859 --> 00:00:25.820 with maybe a fresh angle. Okay. Let's kick things 00:00:25.820 --> 00:00:29.710 off in DC. Big news there. President Trump. just 00:00:29.710 --> 00:00:32.810 rescinded that 2021 Biden executive order, the 00:00:32.810 --> 00:00:35.070 one targeting monopolies. Right. That's a significant 00:00:35.070 --> 00:00:37.630 rollback. It's more than just policy. It signals 00:00:37.630 --> 00:00:39.770 a, well, a different direction on antitrust. 00:00:39.810 --> 00:00:42.369 Could mean less enforcement, maybe more market 00:00:42.369 --> 00:00:44.710 concentration. Interesting. And it speaks to 00:00:44.710 --> 00:00:46.840 those ongoing power battles, doesn't it? Definitely. 00:00:47.000 --> 00:00:49.380 And he's also pushing for longer federal control 00:00:49.380 --> 00:00:52.420 over D .C.'s police. Beyond this 30 -day emergency, 00:00:52.920 --> 00:00:55.219 calls it a model for tackling crime. Right, with 00:00:55.219 --> 00:00:57.960 800 guard troops already there. And meanwhile, 00:00:58.420 --> 00:01:00.500 that upcoming Trump -Putin summit in Alaska, 00:01:00.979 --> 00:01:04.019 expectations are very low. Just a listening exercise, 00:01:04.159 --> 00:01:06.780 apparently. So while D .C. deals with power plays, 00:01:07.400 --> 00:01:10.439 Wall Street seems to be, well, partying. Huh, 00:01:10.599 --> 00:01:12.439 you could say that. The market's definitely on 00:01:12.439 --> 00:01:15.739 a tear. S &P 500, Nasdaq, record highs again. 00:01:16.099 --> 00:01:20.060 Dow jumped over 460 points. Wow. And investors 00:01:20.060 --> 00:01:23.000 are betting hard on a Fed rate cut. Yeah, seems 00:01:23.000 --> 00:01:24.879 like it. A quarter point cut for September is, 00:01:24.879 --> 00:01:27.840 like, fully priced in. And Treasury Secretary 00:01:27.840 --> 00:01:31.180 Besant even hinted maybe a bigger half point 00:01:31.180 --> 00:01:33.359 cut is possible. A half point cut? That would 00:01:33.359 --> 00:01:36.430 be... quite the stimulus exactly cheaper borrowing 00:01:36.430 --> 00:01:39.129 more spending maybe but you know there's always 00:01:39.129 --> 00:01:41.269 the inflation risk it's a balancing act got it 00:01:41.269 --> 00:01:44.469 and a quick corporate news Gildan activewear, 00:01:44.590 --> 00:01:47.590 buying Hanes brands, about $4 .4 billion. Yeah, 00:01:47.890 --> 00:01:50.450 creating a huge player in basic apparel, a global 00:01:50.450 --> 00:01:52.750 powerhouse, that seems to be the aim. Okay, so 00:01:52.750 --> 00:01:54.950 shifting from markets and deals, let's look at 00:01:54.950 --> 00:01:56.750 the human side of some recent policy shifts. 00:01:57.129 --> 00:01:59.670 Immigration news is pretty concerning. It is. 00:01:59.750 --> 00:02:02.049 There's this federal lawsuit now over the cancellation 00:02:02.049 --> 00:02:04.569 of the CBP -1 parole program. That was the app, 00:02:04.569 --> 00:02:06.900 right, for migrants to apply for entry? That's 00:02:06.900 --> 00:02:10.139 the one. It allowed thousands legal entry, a 00:02:10.139 --> 00:02:12.620 way to sort of streamline asylum claims. But 00:02:12.620 --> 00:02:15.599 then, boom, an April email just revoked those 00:02:15.599 --> 00:02:17.919 protections overnight. Just like that. So people 00:02:17.919 --> 00:02:22.139 who were legally processed are now... Not. Effectively, 00:02:22.240 --> 00:02:24.900 yeah. Turned illegal instantly. Raises big questions 00:02:24.900 --> 00:02:27.590 about executive power and, well... the human 00:02:27.590 --> 00:02:30.449 cost. Yeah. And we're also hearing about ICE 00:02:30.449 --> 00:02:33.210 dismissing court cases only to arrest people 00:02:33.210 --> 00:02:35.349 right after for fast track deportation, even 00:02:35.349 --> 00:02:37.310 asylum seekers. Arresting them after dismissing 00:02:37.310 --> 00:02:39.870 the case. A class action suit calls it a courthouse 00:02:39.870 --> 00:02:43.289 ambush, says it's unlawful, spreads fear. Pretty 00:02:43.289 --> 00:02:45.550 troubling stuff. Definitely troubling. Okay, 00:02:45.629 --> 00:02:48.740 let's pivot to Mother Nature. some dramatic weather 00:02:48.740 --> 00:02:51.219 happening yeah really intense deadly flash floods 00:02:51.219 --> 00:02:53.319 in the southeast Chattanooga got nearly seven 00:02:53.319 --> 00:02:56.180 inches of rain tragically three deaths reported 00:02:56.180 --> 00:02:59.039 state of emergency there just awful and then 00:02:59.039 --> 00:03:01.460 the opposite extreme out west relentless heat 00:03:01.460 --> 00:03:04.460 phoenix is on its 12th straight day around 110 00:03:04.460 --> 00:03:07.580 fahrenheit could be its hottest august ever wow 00:03:07.580 --> 00:03:10.400 that's brutal and keep an eye on the atlantic 00:03:10.400 --> 00:03:12.759 tropical storm aaron is brewing it's expected 00:03:12.759 --> 00:03:15.199 to become a hurricane by friday first atlantic 00:03:15.199 --> 00:03:17.680 hurricane of the season looks like it Could you 00:03:17.680 --> 00:03:19.939 become a major category three by Sunday? It's 00:03:19.939 --> 00:03:22.219 offshore now, but you know, East Coast folks 00:03:22.219 --> 00:03:25.000 should stay aware. Good heads up. All right. 00:03:25.199 --> 00:03:28.639 From weather to culture. Music charts are seeing 00:03:28.639 --> 00:03:32.520 some unexpected action. Yeah, get this. The number 00:03:32.520 --> 00:03:36.919 one song on the Billboard Hot 100 is Golden by 00:03:36.919 --> 00:03:40.340 Huntry Rx. Huntry Rx. Wait, isn't that the fictional 00:03:40.340 --> 00:03:43.080 K -pop group from the animated film? That's them. 00:03:43.139 --> 00:03:45.560 They knocked Alex Warren's Ordinary off the top 00:03:45.560 --> 00:03:47.860 spot after nine weeks. Pretty wild, right? That 00:03:47.860 --> 00:03:50.280 is wild. A fictional group at number one. Tells 00:03:50.280 --> 00:03:53.039 you something about how entertainment and, like, 00:03:53.280 --> 00:03:55.240 virtual artists are merging, I think, blurring 00:03:55.240 --> 00:03:57.620 lines. And Chapel Runs the Subway debuted high, 00:03:57.819 --> 00:04:00.240 too, so lots happening. Interesting times on 00:04:00.240 --> 00:04:02.840 the charts. And speaking of culture, some classic 00:04:02.840 --> 00:04:05.099 summer stuff is happening, too. Is, yeah. Iowa 00:04:05.099 --> 00:04:07.500 and Illinois state fairs are running. You know, 00:04:07.639 --> 00:04:10.080 Butter Cow in Iowa, all that fun. Ah, the Butter 00:04:10.080 --> 00:04:12.939 Cow, a classic. And the Little League World Series 00:04:12.939 --> 00:04:15.280 starts today in Williamsport. Always great to 00:04:15.280 --> 00:04:17.560 see. Absolutely. And, you know, bringing things 00:04:17.560 --> 00:04:21.600 back to history. Today, August 13th, is an important 00:04:21.600 --> 00:04:23.779 date. Oh. Well, that's a good action. Well, back 00:04:23.779 --> 00:04:26.939 in 1961, today was the day construction began 00:04:26.939 --> 00:04:30.600 on the Berlin Wall. Wow. a really stark symbol 00:04:30.600 --> 00:04:32.939 of the Cold War, dividing families for 28 years. 00:04:33.360 --> 00:04:35.420 Exactly. And also, different era, but same date, 00:04:35.839 --> 00:04:38.939 1981, President Reagan signed the big Economic 00:04:38.939 --> 00:04:41.819 Recovery Tax Act. Right, the 25 % income tax 00:04:41.819 --> 00:04:44.740 cut, corporate tax cuts, supply -side economics. 00:04:45.819 --> 00:04:49.379 The idea that tax cuts boost production and investment, 00:04:49.579 --> 00:04:52.180 a debate that, frankly, we're still having today 00:04:52.180 --> 00:04:54.720 in various forms. True. So much still echoes. 00:04:54.959 --> 00:04:56.560 So when you pull back and look at everything 00:04:56.560 --> 00:04:59.160 today... The politics, the economy, these human 00:04:59.160 --> 00:05:02.500 stories, cultural shifts, history. They're not 00:05:02.500 --> 00:05:04.240 really separate buckets, are they? No, not at 00:05:04.240 --> 00:05:06.360 all. They're all threads kind of woven together 00:05:06.360 --> 00:05:09.019 into this complex picture of right now. Yeah, 00:05:09.160 --> 00:05:11.600 absolutely. So thinking about all these threads 00:05:11.600 --> 00:05:14.379 we've unpacked, the DC maneuvers, market highs, 00:05:14.540 --> 00:05:16.819 the human impact of policy, that surprising pop 00:05:16.819 --> 00:05:19.259 hit, the history. What does it all suggest to 00:05:19.259 --> 00:05:21.100 you when you connect these dots? What patterns 00:05:21.100 --> 00:05:23.100 or maybe what direction do you see? Something 00:05:23.100 --> 00:05:25.259 to keep observing, right? These interconnected 00:05:25.259 --> 00:05:25.639 threads.