Trump Refuses to Sign Housing Affordability Bill & Wendy’s Soars Thanks to Reddit Traders

June 25, 2026

AI Summary

5 min read

President Trump scrapped a signing ceremony for a major bipartisan housing bill with less than two hours notice on Wednesday morning, declaring on social media that the legislation was of minor importance compared to lower interest rates and passage of the Save America Act on voter ID.

The Housing Bill in Limbo

The bill had cleared the Senate 85-5 and the House 358-32 after weeks of bipartisan support. Its main provisions aimed to cut federal red tape on home construction, including streamlined environmental reviews and changes to rules on manufactured homes that currently require steel frames with wheels and axles. It also directed the federal government to create model zoning plans for local adoption and steered billions in grants toward localities that ease restrictions to allow more building. Economists noted that most zoning power remains at the state and local level, so the federal measures would only work if municipalities chose to act. Trump’s decision left the bill in a ten-day window where it becomes law automatically unless he vetoes it. Supporters had called it one of the most significant housing affordability measures in American history, yet the president’s move tied its fate to unrelated legislation on voter identification.

Record Heat Forces a Shift on Air Conditioning

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What you'll learn

1 (01:06) **Food Never Comes app goes viral in South Korea** - Users browse restaurants for dopamine hits without ever placing real orders
2 (03:09) **House passes bipartisan housing affordability bill** - Legislation clears with strong majorities before Trump cancels signing ceremony
3 (05:38) **Details of the housing bill and its limits** - Three-pronged approach targets supply constraints at federal level
4 (07:50) **Housing affordability remains top voter concern** - Rents up 38% since COVID and home prices at five times median income
5 (09:03) **France records hottest day in history** - Extreme heat forces school closures and sparks national AC debate
6 (13:48) **Wendy's stock surges on Reddit momentum** - Shares jump as much as 42% after WallStreetBets post
7 (19:54) **Neil's Numbers: Record CEO pay packages** - More than 25 executives earned over $100 million last year

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Show Notes

#875: President Trump suddenly cancels the signing of a landmark housing bill that was set to lower costs. The French are suffering one of the hottest heatwaves on record. A viral post on WallStreetBets sends Wendy’s stock to soar. Neal looks into CEO pay, China’s supercomputer, and the rise of divorces among boomers. Finally, why are World Cup fans weirdly obsessed with ranch dressing?

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