White House on BLS Jobs Reports, Nvidia Chip Deals, and Fed Lawsuit Threat

Bureau of Labor Statistics (BLS) Jobs Reports

• 📌 The White House's plan is for the Bureau of Labor Statistics (BLS) to continue putting out monthly jobs reports.
• ⚠️ However, there are no guarantees from the White House that these reports will continue in the future.
• 🎯 The main priority for the White House is to improve what they see as a flawed process and remove flawed data from calculations.

Nvidia Chip Deal with China

• 🚀 The White House is considering an innovative program where Nvidia and AMD agreed to a deal for 15% of sales of advanced chips (not the most advanced) into China.
• 🤝 This agreement was made in exchange for export permissions by the US government.
• 📈 While there are no current plans to expand this program to other industries, the White House sees it as a model that might be expanded in the future.

President's Threat to Sue Fed Chair Jerome Powell

• 💬 The White House confirmed that the president is threatening a lawsuit against Fed Chair Jerome Powell.
• ❓ However, there was no discussion about the specific legal basis or the reasons for this potential lawsuit.