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Something has broken tonight in the bond market. We are seeing a disorderly liquidation. If I had to GUESS, the basis trade is in full unwind. Since Friday's close to now ... the 30-year yield is up 56 bps, in three trading days. The last time this yield rose this much in 3

Foreign governments say the Trump administration hasn't responded to its calls to talk about the tariffs, and that they have no clue what kind of ask the US is looking for in any kind of deal politico.com/news/2025/04/0…

Scoop—>Kari Lake is being detailed to the State Dept to work on shutting down the agency that oversees VOA, where she is a senior adviser. She said in a statement that she looks forward to working “under the strong leadership of Secretary of State Marco Rubio.” W/ Yvonne Wingett Sanchez

How surprising that they found a gimmick to pump the price of $TRUMP four days after the token unlocks started that give the $TRUMP team 492,000 new $TRUMP tokens to sell off every day for the next few years.

When Trump appointed Ed Martin as interim U.S. attorney in D.C. in January, I did a double take. Ed Martin? The same Ed Martin I’d seen stir chaos through Missouri politics for years? And now he was suddenly holding one of the most powerful prosecutorial posts in the country? 🧵

BREAKING: DOJ issues new guidance to all employees creating new powers of subpoena, court order and search warrants to compel source information from journalists. DOJ "will not tolerate unauthorized disclosures that undermine President Trump’s policies."

NEW: A Department of Government Efficiency aide who helped oversee the mass firings at the Consumer Protection Bureau owns stock in companies that could benefit from the agency’s dismantling. propublica.org/article/doge-c…

MORE: A Department of Government Efficiency aide who holds as much as $715K in stocks CFPB employees can’t own was warned not to do anything that could benefit him personally. He helped fire 90% of the CFPB’s staff anyway — including career ethics attorneys who’d raised the conflict. propublica.org/article/cfpb-g…

ANOTHER ONE: Records show a paid political advisor to Elon Musk is simultaneously helping to undo the CFPB for DOGE, earning up to $1M from a Musk LLC while helping dismantle an agency that regulates his boss’s companies. propublica.org/article/doge-e…

BREAKING: Attorney General Pam Bondi sold more than $1 million worth of Trump Media stock the day Trump announced bruising new tariffs on "Liberation Day." ProPublica's Robert Faturechi Brandon Roberts have the exclusive story. propublica.org/article/pam-bo…

NEW: Behind closed doors, the Trump administration has mounted a “maximum pressure” campaign on a poor African democracy. The objective: push the country to help Elon Musk's Starlink business. w/ Brett Murphy Justin Elliott Alex Mierjeski propublica.org/article/trump-…

This is an enormous story. Thankful that ProPublica has pursued it so well, especially considering the way other media have snoozed. (While embracing Afrikaners as genocide victims, no less.) propublica.org/article/trump-…

NEW: We recently heard that the Trump administration was leaning on the government of Gambia to help Elon Musk. For weeks, we made phone calls, wrote letters and knocked on folks’ doors to try to confirm it. But we were stuck. So Josh Kaplan and I got on a plane to Banjul. 1/

Hundreds of Voice of America staffers due to be terminated today, per a source familiar. The appeals court has yet to rule on reversing Lamberth, so it's unclear if this will stand. More soon...

A great journalist and Prince of Our City and a beloved friend has died. Tom Robbins took investigative zeal & married it to a great empathy for those without power, behind bars unjustly and so on. "Be skeptical but never cynical": journalism.cuny.edu/2025/05/in-mem…

NEW: Internal State Department records show that months of warnings have become a reality: The Trump administration’s sudden withdrawal of foreign humanitarian aid has brought about death, violence and unrest. 1/

Read the full story here. Anna and I will continue reporting on the fallout. If you have information, I’m on Signal at +1 508 523 5195 propublica.org/article/trump-…

Tom Robbins and I enjoyed many great concerts together over the years -- Irma Thomas, Syl Johnson, Candi Staton, Dan Penn/Spooner Oldham. One of the best was James Carr, at The Bottom Line. Playing this in his memory this AM: youtube.com/watch?v=l5evgZ… Tom Robbins

Every Sunday, the print classifieds in metro newspapers are full of listings for tech jobs that aren't actually open. It's a window into a deeply flawed corner of US immigration law that hurts both US and foreign workers, yet has endured for decades. I decided to explore further:

Jeffrey Epstein secretly invested millions of dollars with Peter Thiel. The huge profits on that investment will likely go to Epstein's advisers and ex-girlfriends, not to his victims. by @mattgoldstein26 nytimes.com/2025/06/04/bus…