Meet the Press Reports presents Oct. 7, 2016: The wildest day in the wildest race

An "October Surprise," one day in 2016 set off political rip currents that have yet to be settled.

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  • Matt Gaetz's girlfriend was reportedly paid $6,500 by Joel Greenberg, alleged sex ring leader

    Joel Greenberg, the former tax collector for Florida's Seminole County and accused sex trafficker who is reportedly cooperating with a federal investigation of his friend Rep. Matt Gaetz (R-Fla.), made at least 150 Venmo payments to young women, including a 17-year-old, The Daily Beast reports, citing several documents detailing years of online financial transactions. Greenberg is the linchpin of an alleged sex ring, and "according to three people with knowledge of the relationship, Gaetz was among the men who tapped Greenberg to access a large network of young women." The Venmo payments, in installments of $300 to $1,000 or more, were typically labeled as being for "food" or "school," though Greenberg also wrote "ice cream," "salad," "stuff," and "ass" in some transactions, or just use emojis like the lipstick kiss, The Daily Beast reports. The documents show only one new Venmo payment from Gaetz to Greenberg, "for $300 on November 1, 2018, with the love hotel emoji in the memo field." But the documents also show Greenberg in 2017 making at least 16 Venmo payments totaling nearly $5,000 to a woman who would go on to date Gaetz (not his current fiancée), plus another $1,500 via Cash App over two days in April 2017, The Daily Beast reports. "That woman — who came to Washington, D.C., as an intern in January 2018 — has said she dated Gaetz during and after her senior year in college. Federal investigators seized Gaetz's phone in December 2020, and they took his ex-girlfriend's device shortly after." Gaetz has denied paying for sex or having sex with a 17-year-old, and the one payment he Venmo'd to Greenberg tied to the the underage girl was after she turned 18, The Daily Beast reports. That woman has recently changed all her identifying information on Venmo and apparently defriended Gaetz and two other women Greenberg paid, The Daily Beast says, and Gaetz has lost at least seven Venmo friends in the past week, since the news organization started reporting on the payments. More stories from theweek.com5 colossally funny cartoons about Biden's infrastructure planMads Mikkelsen reportedly joins the cast of Indiana Jones 5Brooklyn Nets' LaMarcus Aldridge unexpectedly retires from the NBA due to irregular heartbeat

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  • U.S. sanctions Russia for 'malign' acts, Moscow reacts angrily

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  • Fox News pundits outraged that word ‘mistress’ has been ‘canceled’

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  • Anunoby, Siakam rally Raptors past Spurs 117-112

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  • Lady Gaga responds to fans' petition for an 'Artpop' sequel as the 7-year-old album rockets to No. 2 on iTunes

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  • Potential GOP recruit for Davids’ seat chairs the panel in charge of redistricting

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  • Top GOP hawks come out in full force against an Afghanistan withdrawal by September 11

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  • 'The longer we stay, the stronger the Taliban gets': Sen. Murphy praises Biden's decision on Afghanistan withdrawal

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  • Wall Street banks pivot from pandemic to boom times

    Look no further than the flood of bank earnings out today for evidence the pandemic crisis is long over on Wall Street.Why it matters: Banks are riding high — helped by wild activity in deals and the stock market — as the worst of the pandemic's economic impact sits in the rearview mirror.Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for freeThe clearest sign: Banks set aside billions of dollars' worth of rainy day funds for potential bad loans when COVID-19 hit.They were too pessimistic. Now that money is going back in the coffers at the quickest pace yet at JPMorgan and Wells Fargo.At Goldman Sachs: Average balances in its prime brokerage business — the one that services hedge funds and worked with the now blown-up Archegos Capital — hit a record high.At JPMorgan: "We're buying back stock because our cup runneth over. ... We're holding a tremendous amount of money and we really have no option right now," CEO Jamie Dimon told analysts today.Catch up quick … Investment banking boomed, helped by the SPAC-a-palooza. Here JPMorgan raked in record fees, while Goldman's revenue exceeded expectations by $1 billion.Trading desks soared on the back of the market mania. Goldman says revenue here jumped almost 50% from a year earlier.Consumer-related segments were also strong. Spending across JPMorgan’s consumer business — like on its debit cards — returned to pre-pandemic levels. It’s a similar story at Wells Fargo. What to watch: Businesses and consumers are still taking out loans at a snail's pace. Loans fell 4% from a year earlier at JPMorgan. Wells Fargo called out tepid loan demand and low-interest rates as a headwind. What’s happening: Cash (for some) is plentiful, creating less demand. Others might still be too skittish about what’s ahead to take on more debt.“We’re gonna know when the crisis is over when people start borrowing again and when that borrowing ends up showing up in loans,” Jesse Rosenthal, a bank analyst at CreditSights, tells Axios.What's next: More from big banks.Bank of America and Citigroup earnings are on deck Thursday, followed by Morgan Stanley on Friday.More from Axios: Sign up to get the latest market trends with Axios Markets. Subscribe for free