Cornell Case Reopened, Tel Aviv Plane Attack & Jobs Report Update | PBD Podcast #866

October 2, 2026

AI Summary

5 min read

Jobs Report, Flight Heroics, and a Reopened Cornell Case

The jobs report came in well below expectations — 29,000 new jobs versus the 85,000–89,000 forecast — and unemployment ticked up from 4.1% to 4.2%. Markets rallied on the news because it puts pressure on the Federal Reserve not to raise rates at its October 28–29 meeting. Tom argued this vindicates his earlier position that the Fed should not have raised rates last time, calling the inflation the Fed cited "not real inflation" but rather a supply shock from diesel prices that will reverse once diesel comes back down. Adam added context: the U.S. unemployment rate at roughly 4% still beats most G20 countries — Australia at 4.6%, the UK at 5%, Canada at 6.5%, France at 8%, South Africa at 33%. The CME Fed Watch tool now shows odds of a rate hold in October, but a 60% probability of a rate hike in December. Tom noted the next jobs report won't come until after the October meeting, so the Fed lacks fresh data to justify a cut.

The Fly Dubai Attack: Averted by a Plumber Who Watched TV

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What you'll learn

1 (00:02) **Episode Open & Story Run-Down** - The hosts banter about MLB playoffs, then rapidly preview the episode's major stories: the Cornell rape case, the Tel Aviv flight attack, the jobs report, a failed execution in Tennessee, rising heating oil costs, and an actress who wishes her son were gay.
2 (09:35) **September Jobs Report: A Cooling Labor Market** - Tom breaks down the latest jobs report, which came in at 29,000 new jobs versus the expected 85,000-89,000, with unemployment ticking up to 4.2%.
3 (16:02) **FlyDubai Flight Attack: Copilot Attempts to Crash Plane** - The panel discusses the terrifying incident where a FlyDubai copilot allegedly stabbed the captain and tried to crash the plane at 14,000 feet.
4 (34:12) **Cornell Rape Case Reopened: A Timeline of Contradictions** - The hosts dissect the reopened investigation into a former Cornell student's claim of being drugged and gang-raped by seven men at a fraternity party.
5 (58:58) **Actress Wishes Her Son Were Gay** - The panel reacts to a video of actress Cameron Diaz giving a speech where she expresses disappointment that her son is straight and wishes he were gay.
6 (72:32) **Heating Oil Crisis: A 31% Price Spike This Winter** - The show warns of a severe financial burden on Northeastern U.S. households, with heating oil costs projected to rise by 31.3% to an average of $2,300.
7 (90:10) **Failed Execution of Christa Pike: An Evil Person's Botched Death** - The hosts cover the case of Christa Pike, a death row inmate in Tennessee whose execution by lethal injection failed twice.

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Show Notes

Patrick Bet-David and the Home Team break down the alleged cockpit attack aboard a Tel Aviv-bound flight, the reopening of the Cornell University rape investigation, and the latest developments ahead of the 2026 midterms. Plus, Kalshi’s explosive growth, rising everyday costs, China’s new AI Cold War, Iran sanctions, AI disruption, Diddy at Fort Dix, and more.

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Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller Your Next Five Moves (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides