Older Americans Are Now the Richest Age Group
Summary
President Trump forms a committee to investigate Fed Governor Lisa Cook, while the administration sanctions the ICC and agrees to import Russian diesel. A new Federal Reserve report reveals that older Americans and top earners have seen significant wealth gains, whereas the bottom 40% and those without high school diplomas have lost wealth. Additionally, residents in Venezuela’s Lake Maracaibo region eagerly await U.S. investment to revive their decaying oil infrastructure and local economy.
Topics discussed
Episode introduction and headline preview
Trump administration moves to fire Fed Governor Lisa Cook
US sanctions on the International Criminal Court
Russian diesel deal and market reactions
Telecom stocks drop on SpaceX spectrum deal
Fed data: Wealth gaps widen for older and poorer Americans
Venezuela's oil heartland: Challenges and hopes for revival
Hurricane Isais landfall warning
Upcoming shows and production credits
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