Transcript
Alison Gill (0:00)
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Dana Goldberg (0:31)
Daily Beans.
Alison Gill (0:37)
Hello and welcome to the Daily beans for Thursday, December 19, 2024. Today, the House Ethics Committee voted in secret December 5th to release the Matt Gaetz Report how we lost an incredibly qualified judge to a broken judicial nomination process. The infamous paper that popularized hydroxychloroquine has finally been retracted. Current Secretary of the Interior and former New Mexico Congresswoman Deb Haaland is eyeing the governor's race in 2026. And the feds cut rates, but the market plummeted. On the news they'd make fewer rate cuts next year. I'm Alison Gill.
Dana Goldberg (1:12)
And I'm Dana Goldberg.
Alison Gill (1:16)
Hi, Dana, how are you?
Dana Goldberg (1:18)
I am good. I'm happy to be back in New York and you are back in San Diego safely, which is wonderful. And I'm good. I'm still flying high from this weekend with you and just making some really extraordinary memories. So it was. I'm good. I'm good.
Alison Gill (1:32)
It was so amazing. And thank you so much for going with and I do apologize to everyone. My voice, I'm losing. I feel like I think I'm losing my voice. So I'm going to do my best to get through today and then I'm going to have a bunch of like throat coat hot tea with honey and lemon and maybe a little whiskey and then see if I can hot toddy myself back into action for, for tomorrow's beans.
Dana Goldberg (1:58)
I realized I just said to you I had a great weekend with you and it wasn't the weekend. It was the middle of the week. I completely, whenever I have anything that's social, it's usually falls on the weekend. But no, we were at the White House on a Tuesday.
Alison Gill (2:12)
Well, yeah, but we were also doing a thing in New York and then a train and then a thing. So it's very. I lost track of. I remember on Monday I was like, what is today? Even so I feel you. I feel you on that. The feds announced a quarter point rate cut today, which was what we expected, but the stock market fell over 1100 points because they also said that they're only going to do like half of the rate cuts that they had planned for next year. So the rich people borrowing short cash are mad that they're not going to be able to do it for even cheaper and so drove down stock prices. At least that's my understanding from experts. Not this isn't my opinion. Right. I've read, I put read a ton on this today. And I don't do my research on YouTube, you know, I mean, unless they're like legit, unless it's like kai Rizdal on YouTube. But that's my understanding of what happened. There could be other factors. I don't want anybody to write in and be like, well, you also didn't consider this or you didn't consider that. I am not an expert in markets. But the consensus seems to be that because they said they were going to do fewer rate cuts in 2025 than previously anticipated. That's why. And a lot of that's actually driven by some of the incoming administration's economic policy. And I put economic policy in air quotes. So again, I understand that the stock market's not the economy and there's a million things that contribute to these kinds of days on Wall Street. I'm just giving you sort of the top line. And from what I understand from CNBC and other folks, Kyra's Dawn Marketplace, stuff like that. So that happened today. We have other news ticket to and then of course, we'll do the good news at the end of the show. I hope you stick around for that because we love the good news. If you have good news, you can send it to us dailybeanspod.com and click on Contact. And then I want to thank our patrons who came out Monday night. Dana, I have so many gifts for you. People bring us gifts and oh lovely challenge coins from folks that are in the military or were in the military.
