Trump CANCELS Job Report!!!

This is obscene. The White House is

suggesting October jobs data and October

CPI data may be cancelled. I kid you

not. Carolyn Levit just said it. I'll

play it in a moment. But this pisses me

off because frankly, if I were, you

know, somebody who thought, hey, you

know what? Um, I run this country.

Anybody I don't like is fired. I would

probably do something like, oh, going to

report bad job numbers. Hm. Head of the

BLS, you're fired because obviously

you're being political by reporting bad

job numbers. H And then then you know

what else I'd do? I'd say, "Oh, oh, we

have a government funding bill to pass.

How about we just dig our heels in and

do jack S, not give a single inch in

negotiations, and oh, we'll just have

the longest government shutdown in

history, during which time we'll just

happen to send Mr. vote out to go grim

reaper and go fire a bunch of people in

government institutions.

Oh, and then when the government reopens

up because we say just kidding, we'll

hire all those people back, you know.

Yeah. Now the courts can't blame us for

firing people because we said as part of

the reopening that we'll we'll just let

all those people come back that we

wanted to fire. Oh, what? They don't

want to come back because they started

looking for work somewhere else. So,

they don't trust us anymore. Huh? Oh,

well,

then

we'll reopen. But oh,

did I ruin your ability to collect all

the data for October on jobs data that

would indicate that the economy is

actually falling out from the inside out

or falling apart from the inside out?

And did I actually happen to

accidentally ruin data that would

suggest potentially tariffs are

increasing inflation? What? Oh, I

destroyed that data. Oh, no. How could

I? How terrible.

That's literally exactly all what's

happening. And it's pissing me off

because it totally ruins.

And I'm not saying America had the best

reputation for accuracy with government

data, okay? It's always the CP lie in

the Bureau of Bull crap report, okay?

But at least it was something we could

look at. At least we could look and go,

"Ha, the pile of doodoo got a little bit

bigger this month or it got a little bit

smaller this month." It's still a pile

of doodoo. But now we're getting

straight up rugpulled here, ladies and

gentlemen. We are getting rugged and

it's a pisser.

>> Shut down, hurting consumer sentiment

and crushing the travel and hospitality

industries. According to a CBO estimate,

the Democrat shutdown could end up

decreasing fourth quarter economic

growth by two whole percentage points.

The Democrat shutdown made it

extraordinarily difficult for economic

uh economists, investors, and policy

makers at the Federal Reserve to receive

critical government data. The Democrats

may have permanently damaged the Federal

statistical system with October CPI and

jobs reports likely never being

released. And all of that economic data

released will be permanently impaired,

leaving our policy makers at the Fed

flying blind at a critical period.

>> Right? So blame the Democrats cuz it's

obviously just the Democrats fault

because they wanted funding for illegal

Americans, healthcare for illegal

immigrants, which is false anyway. The

federal government has a law against

providing healthcare for illegal

immigrants. This is all just being

funneled through certain governors like

Gavin Newsome, but California is a donor

state anyway. So when you piece it

together, the federal government, it was

never at question at the federal

government level that illegals would get

healthcare. That was not what was being

debated. We're talking about Obamacare

era subsidies to prevent lowerincome

individuals who rely on those subsidies

from seeing their insurance premiums

skyrocket 4x. But of course, Carolyn

Levit would never let the truth get in

the way of a good story bashing

Democrats. So here we are. Just like her

truth on, oh my gosh, we may have

destroyed GDP by 2%. First of all, the

Atlanta Fed now GDP estimates at 4%.

It's doing really well. Okay, the report

that she's referring to is this

Congressional Budget Office report from

October 29th. And it actually indicates

that although the decline in GDP will

recover, the loss will be present. So,

we will have a loss in the economy of

about 7 to 14 billion. Uh but that GDP

decline she's talking about will be

temporary. You might temporarily see the

annualized real GDP growth rate in the

quarter alone decline between 1.0 to 2

percentage points. So of course she

takes the worst one of that. She's also

not mentioning that that number is being

multiplied by four. So she's taking the

dip in the fourth quarter, multiplying

it by four and applying it to the whole

year. So she's overstating it not only

by 4x but also by the fact that she's

taking the worst case scenario here

which the worst case scenario assumed

that the government would reopen on

November 26th. But of course again

Carolyn Lev isn't going to let the truth

stand in the way of a good story. But

now the bottom line is Donald Trump

wanted to fire people in the government

and he wanted to unleash Mr. Project

2025

Mr. vote to go destroy people's jobs

inside the government and basically make

it impossible for the government to

operate. They're succeeding at that. At

the same time, they are actually

creating the very situation that the

Federal Reserve is trying to avoid,

flying blind. Trump is like, "Please cut

rates." And the Fed's like, "No, man. We

need more data." And Trump's like, "Hm,

well, tariffs are probably inflationary

and jobs are weakening. We're going to

destroy the data. Why aren't you cutting

rates?" Well, we have no data, sir. You

guys suck. You're fired.

It's like, dude, like, you can't reason.

Like, Trump doesn't function through

reason here. It's like lashing out is

what this is.

I think that's probably why Bostik is

all of a sudden retiring. Bostic is all

of a sudden not going to try to get a

new term and he's going to retire at the

beginning of 2026. How interesting.

Because Bostic is one of the people

who's actually worried about inflation.

You know, we've got true inflation going

back up. People are actually worried

that the only peg leg keeping this

economy up is AI spending. And if that

capex spending goes away because of the

canaries in the coal mine that we're

seeing there saying, "Oh, we got some

serious warnings here." You know, watch

my separate video on the canaries and

the coal mine. But anyway, this is crazy

because now we're even more blind on

government data and that 3-month moving

average that we're trying to get might

never come. We're supposed to get three

jobs reports between now and the first

week of December. We're supposed to get

October, September,

and November. I know I said that out of

order, but we're supposed to get three

months of jobs data because we haven't

gotten official jobs data since uh well,

frankly August. You know, we got the

August data in September. So, we really

only have August, June, July, and that

data was bad. That said that jobs were

at 29,000. ADP data says on the

three-month moving average zero. Well,

people justify that and say, "Oh, okay.

Well, we're still probably roughly in

that break even zone where we're plus or

minus. Economy neither expanding or

contracting. It should be okay, right?

Should be good." And all of a sudden,

it's like, "Well, we we'll know in the

next 3 months of data." And I wouldn't

be surprised if Trump looks at that. He

goes, "Oh, that's ugly." Um, let's just

not release it and blame Democrats.

Yeah. Oh, in the meantime, Epstein

files. Hey, did you know about this

$2,000 check we want to do? You know,

maybe maybe we don't have to talk about

uh the Epstein files for which I don't

think we're prepared.

>> You are not prepared.

>> Uh well, instead we could talk about

>> Nice to have you.

>> You want to talk about love making,

right?

>> Okay. Yeah, that's not appropriate.

>> Fetch me. Uh but anyway, you know,

instead, let's talk about these checks,

which now Besson is saying, yeah, the

economy might get hurt here, which makes

me wonder, did they just look at data?

And they're like, crap, we can't show

this to anyone. We need to keep the lie

going. We need to keep the stock market

going because if the stock market goes

down, the AI spending goes down. If that

happens, we go into recession. highest

level of consumer exposure to the stock

market right now. And it's happening in

a very very weird environment because

usually when consumer sentiment goes

down, stock allocation goes down. But

the opposite is happening right now.

Stock allocation is [music]

uh uh you know skyrocketing while at the

same time consumer sentiment is falling.

That's a very very weird divergence. You

don't usually see that. And so it's very

nerve-wracking to me because I look at

this and go shoot man.

This just could be bad. This is not

good. This is really like seriously not

good. And I'm not even pitching anything

like my alpha report in this video. I'm

just saying this is not good.

>> Why not advertise these things that you

told us here? I feel like nobody else

knows about this.

>> We'll we'll try a little advertising and

see how it goes.

>> Congratulations, man. You have done so

much. People love you. People look up to

you.

>> Kevin Praath there, financial analyst

[music] and YouTuber. Meet Kevin. Always

great to get your take.