9/2/26: Iran Hits U.S. Bases, Global Bond Market Chaos, Ed Market Crushes Moulton

What you'll learn

• 1 (04:26) **Iran Strikes U.S. Bases After U.S. Bombs Wedding Party** - The U.S. strikes positions in southern Iran to preempt mine-laying in the Strait of Hormuz, but one strike hits a wedding party, killing five including a four-year-old. Iran retaliates with ballistic missiles at U.S. bases in Jordan, targeting a marine base with limited missile defense.
• 2 (10:38) **Trump Threatens to "Wipe Out" Iran, Refuses Negotiation** - Trump tells Fox News that if Iran responds again, they will be "wiped out as a country," and posts on Truth Social that he "couldn't care less" about a diplomatic agreement and prefers "almost total control of the Hormuz Strait."
• 3 (15:52) **Congress Passes War Powers Resolution, But War Continues** - The Republican-controlled Congress passed a war powers resolution requiring the war to end, but Speaker Mike Johnson deflects responsibility, saying he has "nothing to do with the prosecution of the war."
• 4 (23:24) **Chuck Schumer Struggles to Defend the War on Morning Joe** - Schumer is pressed by Joe Scarborough on whether degrading Iran's military is a good thing, but he refuses to answer without considering the catastrophic consequences of the war.
• 5 (28:28) **Global Bond Market Chaos as Japanese Yields Surge** - The Japanese 30-year bond yield posts a record jump, climbing over 4%, which triggers a global sell-off in U.S., French, and German bonds, sending their yields spiking as investors chase higher returns.
• 6 (31:00) **Treasury Secretary Bessent's Intervention Fails to Stabilize Markets** - Bessent intervened at the G20 to defend the yen by dumping billions of U.S. dollars into Japan, but the bond market chaos continues.
• 7 (32:20) **Central Banks Plan "Demand Destruction" to Fight Energy-Driven Inflation** - The hosts explain that central banks are planning to raise interest rates to crush economic demand, throwing people out of work to reduce oil consumption, because they cannot increase supply.

+ Full timestamped outline available in the app