Discussing Trump's potential power over federal spending, impacts of cutting household survey size on economic data accuracy, rise of Uncrustables sandwiches, Bazooka gum investments, and the impending price hike for Forever Stamps. Plus, exploring the idea of a Texas stock exchange and the debate between optimism and pessimism in a glass half full or half empty poll.
Reduction in household survey size raises concerns about accurate labor force measurement post-pandemic.
Trump's plan to limit Congress' spending powers challenges traditional separation of powers in the U.S. Constitution.
Deep dives
Budget Constraints Leading to Reduced Sample Size in Jobs Report Surveys
The Commissioner of the Bureau of Labor Statistics announced a reduction in the sample size of the Household Survey and Monthly Jobs Report due to budget constraints. This reduction raises concerns about accurately measuring the labor force of 168 million people, especially given low survey response rates post-pandemic.
Trump's Plans to Assert Authority over Federal Spending
Former President Trump has publicized plans to limit Congress's spending power, aiming to cut funds for organizations such as the World Health Organization and green energy initiatives without congressional approval. This move challenges the traditional separation of powers outlined in the U.S. Constitution.
Texas Welcoming a New Stock Exchange, Unveiling Intriguing Financial Dynamics
Despite the establishment of a new stock exchange in Dallas, the location of trading is increasingly irrelevant due to regulations that prioritize executing trades at the best price. The proximity to trading facilities and access to markets play crucial roles, reflecting intricate financial strategies in the stock exchange domain.
It’s Friday, folks! Today we’re talking about some news coming from former President Donald Trump, who has vowed to take away key spending powers from Congress if reelected. We’ll get into what that would mean in practice. Plus, we’ll talk through the latest from the Bureau of Labor Statistics, which just announced it’ll be decreasing the number of households surveyed for important reports like the monthly jobs report. It’s a move that will make decoding what’s going on in our economy more a little more challenging. Plus, we’ll get into Bazooka gum, the rise of Uncrustables and Forever Stamps getting more expensive during a round of Half Full/Half Empty.