🗞️Closing The Education Department?

...also increased egg prices and a slowing job market

February 4th, 2025

What happened today 🇺🇸,

  • The White House is preparing an executive order to begin the process of eliminating the Department of Education, however Trump needs Congressional approval to fully shut it down

  • About 20,000 federal employees have taken the Trump Administration’s “buyout” option that was offered last week, the offer is available until Thursday so that number could still rise

  • All 67 bodies have been recovered from the plane crash in Washington D.C. last week

  • President Trump is expected to attend the Super Bowl this weekend in New Orleans

  • The Senate has officially confirmed former House Rep. from GA, Doug Collins, to lead the Department of Veterans Affairs

  • The JOLTS job report today showed job openings dropped sharply to 7.6 million in December below the 8 million expected, a sign the labor market may be slowing

  • Waffle House is adding a 50-cent per egg surcharge to counter the rising costs of eggs due to the bird flu that has caused an egg shortage

  • Fox Corp. is planning to launch a new stand-alone subscription-based streaming service that will have news and sports content by the end of 2025

  • Salesforce will cut 1,000 jobs and at the same time will be hiring people for sales roles to sell their new AI products

  • The SEC has launched new Crypto Task Force website to provide clarity for crypto laws

  • DOW up .30% / S&P up .72%

  • El Salvador’s President has offered to jail, in their prisons, dangerous American criminals and accept deportees from of any nationality in exchange for a fee

  • Trump hosted Israeli PM, Netanyahu, this evening at the White House… for live updates on the meeting and the video of the post meeting press conference click here

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Quote of the day: “Socialism only works in two places: Heaven where they don't need it and hell where they already have it.” — Ronald Reagan

Have a great night!

P.S. Email us at [email protected] for more info on any news points in the letter or feel free to give any feedback you have!