After Weak Jobs Report, BLS Commissioner Gets the Ax
The Breakdown5 Aug 2025

After Weak Jobs Report, BLS Commissioner Gets the Ax

Today NLW unpacks a stunning escalation as President Trump fires the head of the Bureau of Labor Statistics after a weak jobs report. The move has shaken confidence in the independence of US economic institutions, with critics across the spectrum warning of authoritarian overreach. We look at what this means for the Fed, interest rate policy, and the future of economic data in America. From market reactions to historical comparisons with Venezuela and Argentina, this episode explores whether the blow up around this is TDS or if we’ve crossed a line that can't be uncrossed—and why some are calling Bitcoin the new insurance policy. Brought to you by: Grayscale offers more than 20 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal. To learn more, visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Grayscale.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ -- ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.grayscale.com//?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-thebreakdown)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/@TheBreakdownBW Subscribe to the newsletter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://blockworks.co/newsletter/thebreakdown⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownBW

Episoder(2058)

Crypto Daily 3@3 - 7.22 | The "Libra Goes To Washington" Recap [LRS56 Top 5]

Crypto Daily 3@3 - 7.22 | The "Libra Goes To Washington" Recap [LRS56 Top 5]

From 5 to 1, counting down the most important threads, essays and content from last week. Featuring the key setup questions for the Libra hearings; a case study of Cuba on whether a project like Libra...

23 Jul 201928min

Crypto Daily 3@3 - 7.19 | BitMEX vs. CFTC / Bitcoin legal in China? / Ycash and Friendly Forks

Crypto Daily 3@3 - 7.19 | BitMEX vs. CFTC / Bitcoin legal in China? / Ycash and Friendly Forks

The CFTC's investigation of BitMEX is the latest in string of screws tightening on global exchanges touching US customers. In an interesting twist, a lawsuit leads to a Chinese court determining that ...

19 Jul 201912min

Crypto Daily 3@3 - 7.18 | Libra Aftermath - G7, China, and Dalio's dystopia

Crypto Daily 3@3 - 7.18 | Libra Aftermath - G7, China, and Dalio's dystopia

Libra was a hotbutton issue at the G7 meetings - maybe the one thing they agreed on. Meanwhile, the project made news in China as Facebook's David Marcus revealed explicitly that it saw Alipay and Wec...

18 Jul 201912min

Crypto Daily 3@3 - 7.17 | Libra Hearings Day 2 Recap - House Financial Services Committee

Crypto Daily 3@3 - 7.17 | Libra Hearings Day 2 Recap - House Financial Services Committee

On Day 2 of Libra hearings, Facebook's David Marcus testified in front of the House Financial Services Committee. And boy oh boy, it could not have been more different than yesterday. Today was massiv...

18 Jul 201921min

Crypto Daily 3@3 - 7.16 | Libra Hearing Day 1 Recap - Senate Banking Committee

Crypto Daily 3@3 - 7.16 | Libra Hearing Day 1 Recap - Senate Banking Committee

Libra's David Marcus testified before a relatively hostile Senate Banking Committee today. In today's 3@3, we go over: 1) Facebook's trust problem; 2) the most important topics and themes of the quest...

16 Jul 201917min

Crypto Daily 3@3 - 7.15 | Long Reads Sunday #55 Top 5

Crypto Daily 3@3 - 7.15 | Long Reads Sunday #55 Top 5

Every Sunday, I put together a list of the top tweets, threads and essays shaping the crypto conversation. On Monday, I countdown my five favorites with BlockTV. Monday's Crypto Daily 3@3 is the audio...

15 Jul 201921min

Crypto Daily 3@3 - 7.12 | Special Edition: Trump Gives Bitcoin A Mainstream Moment

Crypto Daily 3@3 - 7.12 | Special Edition: Trump Gives Bitcoin A Mainstream Moment

A very Trump-y special edition! On this episode, we look at 1) what happened with Trump’s Bitcoin/Libra tweet; 2) the crypto community’s response; 3) the surprisingly with it mainstream media response...

12 Jul 201925min

Crypto Daily 3@3 - 7.11 | Comply or Die Token Sales | Turkey and CBDCs | Crypto Startup Studio

Crypto Daily 3@3 - 7.11 | Comply or Die Token Sales | Turkey and CBDCs | Crypto Startup Studio

On this episode, we discuss: 1) Reg A+ compliant token sales from Blockstack and YouNow and why it's becoming comply or die; 2) Turkey planning a central bank digital currency and how the crypto marke...

11 Jul 201913min

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