Friday, February 21, 2025

IRS Staff Cuts, Fort Knox Audit, and Golden-Tipped Pyramids

The IRS began terminating approximately 6,700 probationary employees on Thursday as the Trump administration pursues broader plans to abolish the agency.
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Politics

Congressional Democrats hit a record-low 21% approval among voters, while Republicans reached a record-high 40%, according to a new national Quinnipiac poll. (See Results)

President Trump announced Wednesday he is considering a Department of Government Efficiency dividend, returning at least 20% of savings from DOGE to taxpayers. (More)

In other presidential announcements, Trump expressed his support for a congressional effort to put Washington, D.C. under direct federal control, similar to its original status when it was founded. (More)

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The Flyover

Be Prepared: Bill O'Reilly Offers Insights on How to Safeguard Your Finances During Recession

I remember how the Great Recession of 2008 wiped out $2.4 trillion from retirement funds.

And now it looks like history is repeating itself.

Experts forecast the coming recession will be even worse than the 2008 financial crisis, including:

• More than 2 million lost jobs

• Stocks plummeting over 20%

• IRAs and 401(k)s to lock in losses of 25% and keep falling

We can't stop the recession from happening, but you can prepare for it. Contact the people I trust at American Hartford Gold and request your free copy of my new guide now to protect yourself from a recession.

Sports

Team USA was defeated 3-2 by Canada in overtime in the championship game of the 4 Nations Face-Off.  Connor McDavid of the Edmonton Oilers scored the game-winning goal. (See Goal)

➤ San Antonio Spurs star center Victor Wembanyama will miss the remainder of the NBA season after it was discovered that he has a severe blood clot in his shoulder. The team doesn't expect this to be a recurring issue. (More)

Chicago Cubs pitcher Cody Poteet made the first-ever successful strike zone challenge in an MLB game yesterday, changing the count from 1-1 to 0-2. (Watch Video)

➤ Juan Soto, who signed the largest contract in professional sports history with the New York Mets this offseason, bought his teammate Brett Baty a new car for being willing to give him his jersey number. (Watch Video)

Yesterday’s results: NBA | NHL | PGA | LPGA | NCAAM | NCAAW | NCAAB | NCAASB | Soccer 

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The Flyover

The Senate confirmed former public defender and House Intelligence Committee staffer Kash Patel as FBI director in a 51-49 vote Thursday, marking another Trump administration Cabinet approval. (More)

President Trump on Wednesday called for an audit of the U.S. gold reserves at Fort Knox, Kentucky, stating he wants to verify whether the gold is actually there. (More)

Sen. Rand Paul apologized to President Trump on social media this week, admitting he was wrong to withhold his endorsement before but now fully supports him. (More)

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Finance

Trend Line Daily Market Report 02/20/2025

NASDAQ
National Association of Securities Dealers Automated Quotations
19,962.36
-0.47%
SPX
S&P 500
6,117.52
-0.43%
DJI
Dow Jones Industrial Average
44,176.65
-1.01%
BTC
Bitcoin
$98,349.93
1.77%
GOLD
Per Ounce
$2,952.70
1.14%
U
Unity Software Inc
$28.00
+30.41%
Bitcoin and Gold are traded 24 hours a day.

Big Stock Move: Unity shares surged 30% Thursday after the video game software company reported stronger-than-expected revenue and a narrower quarterly loss. (More)

Walmart shares fell more than 6% after the retailer forecast slower profit growth for the year, despite reporting strong holiday-quarter sales and e-commerce gains. (More)

CEO confidence in the U.S. rose to its highest level in three years, signaling optimism, despite Trump tariffs raising fears of trade disruptions, a survey found. (More)

European Commissioner Maroš Šefčovič met with Trump administration officials in Washington, D.C., seeking to ease tariff tensions and prevent a broader trade conflict. (More)

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Retiring? Not So Fast... Hold Onto Your Bootstraps for a Long Road Ahead

Over a dozen countries have abandoned the dollar as their reserve currency in trade, and more are buying into the concept of "de-dollarization".

Inflation fears are on the rise again. The Federal Reserve's funds rate, sitting between 4.25-4.5% has not only wounded our economy, they've set the stage for a financial apocalypse in the markets.

This situation is spiraling out of control, and when confidence in the dollar finally breaks, the collapse won't happen gradually. Claim your FREE 2025 Dollar Collapse Guide where you can get the details on this measure of protection before it's too late.

Science & Technology

A SpaceX rocket stage fell to Earth early Wednesday, blazing a trail of fire through European skies. Residents from England to Germany reported seeing a fireball in the sky, and a large object fell in Poland. (See Details)

Tech startup Clone Robotics unveiled Protoclone V1, a new humanoid robot that replaces human skeletal, muscular, vascular, and nervous functions with synthetic systems, offering anatomical and movement accuracy. (See Video)

Historians say the Egyptian pyramids once had smooth, angled sides covered in white Tura limestone with gleaming golden tops, visible from the mountains in Israel. (See Pyramids)

The Rotator
Entertainment

Amazon MGM announced Thursday it will take creative control of the James Bond franchise, ending decades of stewardship by producer Albert "Cubby" Broccoli and his family. (More)

In other Amazon news, the first three episodes of Reacher's third season are out now, with a fourth season and a spinoff of author Lee Childs' popular thrillers already in the works. (More)

A guide to this year's top Oscar-nominated films includes synopses and streaming details to watch before next month's Academy Awards. (More)

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Et Cetera

A Scottish Highland bull has been roaming western Connecticut for over a month after escaping its enclosure, evading capture despite frigid winter temperatures. (See Bull)

A massive sinkhole measuring about 65 feet across opened in the village of Godstone, Surrey, forcing evacuations and swallowing at least one garden. (See Video)

An award-winning wildlife photographer captured images of elusive snow leopards in the Himalayas using remote camera traps. (See Leopards)

Poll Position

Do you still use a phone book?

  1. Yes
  2. No
  3. It's been a long time

Yesterday's Results:

Do you remember your childhood telephone number?

  1. Yes: 68%
  2. Parts: 23.7%
  3. No: 8.3%

Quote BoxDaily Quote

Quote

"DON'T cinematic universe James Bond. It is one of our last great theatrical events. Don't dilute that with a plethora of streaming spin-offs."

Avengers: Endgame Director Joe Russo warning Amazon against spinning off James Bond titles across all media.

TriviaToday's Trivia

Which president had a bowling alley constructed in the White House?

Show me the answer

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