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wtf is going on | Meet Kevin Report 5 [Jan 10]
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Today's Meet Kevin Report:
00:00 Meet Kevin Report.
01:40 DOGE Failure.
03:44 Job Report & Fed.
14:12 China Disaster.
15:55 Walgreens Shocker.
17:53 Fetterman, Trump, and Zuckerberg on Rogan.
23:00 California Fire LIES.
37:31 Daily Wealth & Joke.
Elon Musk predicts DOGE’s $2 trillion spending cuts goal may achieve $1 trillion as an “epic outcome,” sparking critics’ skepticism. Macroeconomic predictions vary: Goldman expects 2 rate cuts, while Bank of America anticipates hikes. Fed comments highlight slower rate cuts and uncertainty about economic growth and overheating. Job growth is strong but raises concerns about prolonged high rates, delaying potential rate cuts until October. China suspends treasury purchases amid economic deflation concerns, while its auto market faces a supply-demand imbalance. Walgreens reports stable financials despite cash flow issues.
Politically, Trump receives an unconditional discharge, plans to meet Democrat Senator Fetterman, and Facebook faces allegations of censorship under Biden’s administration. The Supreme Court deliberates a TikTok ban over data and misinformation concerns. California’s fire crisis exposes infrastructure issues, insurance challenges, and political delays, fueling concerns over rising rents and ineffective water management. Musk criticizes UK PM Keir Starmer’s handling of grooming cases while exploring support for alternative UK parties.
Daily Wealth advises action in real estate investments despite rate concerns. Meanwhile, California's Getty Villa survived fires due to proactive fire management.
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