The MeidasTouch Podcast

Snapshot · The MeidasTouch Podcast

Thursday Afternoon Breaking News Updates with Ben - 7/2/2026

Explore episode Jul 2, 2026

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Opening Monologue: Trump's Economic Disaster, Crypto Billions, and the Jobs Report

At 6:45 · chapter starts 3:05

Ben Meiselas launches into the show with characteristic urgency, cataloguing what he calls a systematic burning down of the United States. The morning's jobs report is the anchor: only about 57,000 new jobs created versus expectations of 110,000–120,000, with downward revisions to April and May. The only sector adding jobs is healthcare — the same sector Trump is attacking. Meanwhile, Trump's financial disclosure has landed: over 900 pages, documenting more than 21,000 individual stock trades and crypto holdings Meiselas conservatively estimates at $1.2 billion disclosed, but possibly $15–20 billion in reality. Trump's post this morning about Micron — a company whose stock he owns — is offered as a live example of the manipulation, even as Micron's shares are down. The meme coin math is particularly stark: Trump made $2.26 billion; retail investors lost roughly the same amount. Meiselas also notes Trump's Qatari jet and his bizarre behavior at a North Dakota ribbon-cutting, setting a tone of escalating absurdity layered over genuine financial devastation.

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