In part two of Red Eye Radio with Gary McNamara and Eric Harley, Elon Musk has become the first person to cross the trillionaire threshold, at least on paper, after SpaceX priced its blockbuster initial public offering at $135 a share and its stock soared in its stock market debut. At its closing price of $160.95 on Friday, Musk's net worth reached roughly $1.14 trillion.

Also the Kevin Warsh era begins at the Federal Reserve / lawmakers scramble to form a bi-partisan commission to restructure Social Security benefits beyond 2032.

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