Trump’s Budget Band‑Aid, Meltdown Markets & Epstein Fallout: Feb 5th World News, Our Style

Trump’s budget band‑aid is barely dry, and the rest of February 5 shows the empire multitasking its way toward burnout: markets slide, nukes go off‑treaty, and the Epstein blast radius keeps expanding.

Money on the ledge

Wall Street spent the day stress‑testing everyone’s remaining serotonin.

• S&P 500 and Nasdaq hit fresh 2026 lows as layoffs rise and big tech leads a broad sell‑off.
• Bonds and Bitcoin both tanked, with Bitcoin down around 8.5% and Ethereum over 7%, while gold also dropped, turning the usual “flight to safety” into “nowhere to hide.”

Traders call it “repricing risk”; normal people call it “why is my retirement bleeding and my grocery bill still ridiculous?”

Trump v. IRS, ft. Treasury side‑eye

At Treasury, Secretary Scott Bessent is tap‑dancing around Trump’s lawsuit against the IRS, punting questions to the Justice Department while markets beg for someone in the building to sound like an adult.

Bessent has already ruled out using government cash to prop up crypto prices, leaving MAGA‑coin bros to discover that “too big to fail” does not apply to their favorite coin casino.

DHS: Shutdown sequel in the making

Even with the big budget done, Homeland Security is staring at its own mini‑cliff as Democrats threaten to block its funding without “dramatic changes” and real accountability at ICE and CBP.

Republicans scream that this is a stealth plan to “kill ICE,” Democrats insist they’re tired of televised raids near schools, and TSA just wants to know if they’re getting paid next month.

Nukes, drones and “responsible” apocalypse

Abroad, the vibes are somehow worse.

• Russia has walked away from the last remaining U.S.–Russia nuclear arms treaty, saying it’s no longer bound by warhead limits but promises to act “responsibly,” which is exactly what you want to hear from a nuclear power with no rules.
• The U.S. shot down an Iranian drone over the Arabian Sea as Washington and Tehran try to talk without starting a regional bar fight.

World peace remains in “buffering” mode while everyone upgrades their weapons and their press releases.

Epstein fallout: law firms and politicians sweat

The Epstein file dump has now claimed a marquee scalp: the chair of powerhouse law firm Paul Weiss resigned following new revelations about his ties to Epstein.

Across the Atlantic and in D.C., politicians keep insisting they barely knew the guy as more stories surface, while Gates and others give carefully lawyered interviews heavy on “regret” and light on details.

Labor, raids and voter data games

On the home front, Trump’s “Operation Metro Surge” is turning schools and neighborhoods into immigration enforcement stages, prompting unions and districts to accuse ICE of terrorizing families instead of prioritizing safety.

At the same time, DOJ is leaning on states to hand over voter rolls, with senators blasting it as a strong‑arm attempt to centralize sensitive data under federal control—because nothing says “trust the process” like pairing raids with demands for your voter file.

Today’s Schtick

So February 5 brings a market slide, a fraying nuclear rulebook, drone shoot‑downs, Epstein‑tainted elites stepping aside, DHS funding brinkmanship, and a Treasury Secretary ducking Trump’s IRS war while crypto burns.

The government insists it has everything under control; the charts, treaties, and subpoenas politely disagree.

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