The Daily Herold: 5/18/26 - Treasury Yield Warning, Massey Psyop & Anti-Weaponization Fund

Jon Herold comes in Monday with his kids officially on summer break and a show that starts with economic warning signs nobody wants to talk about. The US 30-year treasury yield hit 5.16% this morning, the highest level since the run-up to the 2008 financial crisis, and Jon walks through exactly what that means for mortgage rates, housing, and stock prices. Student loan defaults just hit a new all-time high of $171 billion. Then Jon turns to the Kentucky primary circus: the Thomas Massey vs. Ed Gallerian race has degenerated into a Laura Loomer-driven psyop featuring unverified sexual allegations, $25 million in outside money, and a Trump endorsement post Jon reads in full and fact-checks in real time. He does not like Massey and still refuses to participate in the hit campaign against him, and explains exactly why that principle matters more than the outcome. Trump also settled his $10 billion IRS lawsuit and created a $1.776 billion anti-weaponization fund, which Jon cautiously questions: who decides who qualifies, and why are taxpayers footing the bill instead of the people who committed the crimes? Plus: Tina Peters is eligible for parole June 1, US-Greenland Arctic talks are quietly continuing, and Venezuela just deported Biden pardon recipient Alex Saab to the US.