Civil War-era abortion ban upheld in Arizona. Severe storms threaten the South. New limits on toxic chemicals in drinking water. CBS Correspondent Cami McMormick will have those stories and more in the World News Roundup:
Kari Lake can deliver a good performance, but she's not really a true believer, as her flip on the Arizona abortion law shows. Plus, the normal part of life near the border, the specter of violence at MAGA rallies, and the grueling but necessary function of covering Trump for the long haul. Olivia Nuzzi joins Tim Miller.
The latest price moves and insights with Helene Braun and Marc Chandler, Chief Market Strategist at Bannockburn Global Forex.
To get the show every day, follow the podcast here.
On "Markets Daily," Chief Market Strategist at Bannockburn Global Forex, Marc Chandler, joins Markets Daily with insight on the recent consumer price index (CPI) report and its implications for the market, particularly for Bitcoin and other cryptocurrencies. The CPI report showed higher-than-expected inflation rates, leading to a rise in US interest rates and a decline in risk assets, including crypto. They also touch on the US jobs report and its impact on interest rates.
Takeaways |
The CPI report showed higher-than-expected inflation rates, leading to a decline in risk assets, including Bitcoin and other cryptocurrencies.
The US jobs report, which surpassed expectations, signals a robust economy but raises concerns about interest rates.
The relationship between Bitcoin and inflation is questioned, with the guest suggesting that Bitcoin's recent rally is driven more by the advent of ETFs and speculative demand.
The impact of the halving on crypto prices is anticipated to be slightly weaker this year due to the shock to supply caused by ETFs.
The potential for new record highs in Bitcoin depends on market participants' interpretation of the current consolidation pattern and their confidence in Fed cuts.
Chapters |
00:00 Introduction and Market Update
04:34 The US Jobs Report and its Impact on Interest Rates
09:35 The Impact of ETFs and the Halving on Crypto Prices
Consensus 2024 is where experts convene to discuss ideas shaping our digital future. Join developers, investors, founders, brands, policymakers, and more in Austin, Texas from May 29-31. CoinDesk curates the tenth annual Consensus to feature the industry’s most sought-after speakers, unparalleled networking opportunities, and unforgettable experiences. Take 15% off registration with the code MD15.
This episode was hosted by Helene Braun. “Markets Daily” is produced and edited by senior producer Michele Musso, and executive producer Jared Schwartz alongside Senior Booker, Melissa Montañez—all original music by Doc Blust and Colin Mealey.
Could the US really possess a top-secret space program leveraging suppressed or extra-terrestrial technology -- and have kept the existence of this program hidden from the public for the better part of a century? Join Ben, Matt and Noel as they explore the allegations of Gary McKinnon... and the legend of Operation Solar Warden.
Joe Biden tells an interviewer Israel should do a unilateral ceasefire for six to eight weeks. Tom Friedman of the New York Times explains there's a 5 percent chance for a Palestinian state and that we should focus on that 5 percent. People are yelling "Death to America" inside America and the president says nothing. What on earth is going on here? We try to explain. Give a listen.
Former President Donald Trump took a stand on abortion and in vitro fertilization. Join Federalist Editor-in-Chief Mollie Hemingway and Senior Editor David Harsanyi as they diagnose the problem with how Republicans talk about abortion, analyze the FISA fight, discuss the "Death To America" chants in Dearborn, Michigan, and share their thoughts on NPR veteran Uri Berliner's criticism of his publication. Mollie also recaps her eclipse experience, and David recommends "The Miracle Club."
If you care about combatting the corrupt media that continue to inflict devastating damage, please give a gift to help The Federalist do the real journalism America needs.
Today, we have a packed show with our guest Danny Bessner of the American Prestige podcast. Danny argued the other side of the fascism debate and expressed why he and others believe the word is not appropriate to describe what’s happened to the American right.
And Danny stuck around while we discussed Tyler’s debunking of the book “White Rural Rage” and why the type of liberal elite discourse we have right now might eventually be politically catastrophic (while also just being gross.)
As always, if you would like to support the show, please help us out with a $5 a month substack subscription.
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