Wisconsin and Florida Election Results; Trump's Tariff Announcement

Wisconsin and Florida Election Results; Trump's Tariff Announcement

On today's podcast:

1) Voters in Wisconsin push back on Elon Musk and Republicans in Florida fend off Democrats. Elon Musk-backed candidate, Brad Schimel, lost a Wisconsin judicial race despite Musk pouring millions into the campaign, with Susan Crawford winning 55% to 45%. Republicans held onto two House seats in Florida, winning about 57% of the vote in both districts, but with smaller margins than in the November general election.

2) The world waits as President Trump's tariff announcement comes down to the wire. President Trump's team is finalizing plans for reciprocal tariffs to be unveiled on Wednesday, with multiple proposals under consideration, including a tiered tariff system and a customized reciprocal plan. The tariffs are expected to take immediate effect, with countries able to negotiate to bring rates down, and could apply widely, even to countries with which the US doesn't have a trade imbalance.

3) The SALT tax deduction could get a boost in Republicans' massive tax bill. Republicans are drafting a tax bill that includes increasing the state and local tax deduction to up to $25,000 for an individual, a major victory for swing-district House Republicans.

See omnystudio.com/listener for privacy information.

Jaksot(1596)

China Confirms Trade Framework; Stocks on Brink of Record Highs

China Confirms Trade Framework; Stocks on Brink of Record Highs

1) China said it has further confirmed details of a trade framework with Washington, echoing US Commerce Secretary Howard Lutnick’s earlier comments about a US-China agreement that stabilized ties.2) ...

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US-Iran Nuclear Talks; Trump's List to Succeed Fed Chair Powell

US-Iran Nuclear Talks; Trump's List to Succeed Fed Chair Powell

On today's podcast: 1) President Donald Trump said the US would hold a meeting with Iran next week but cast doubt on the need for a diplomatic agreement on the country’s nuclear program, citing the d...

26 Kesä 202516min

Mamdani Stuns in NYC Mayoral Primary; Trump Disputes Iran Damage Report

Mamdani Stuns in NYC Mayoral Primary; Trump Disputes Iran Damage Report

On today's podcast: 1) Former New York Governor Andrew Cuomo conceded to his upstart rival Zohran Mamdani in the Democratic primary in the race to become mayor of New York City after the 33-year-old Q...

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Israel-Iran Truce in Question; President Trump Calls for Rate Cuts

Israel-Iran Truce in Question; President Trump Calls for Rate Cuts

On today's podcast: 1) President Trump declares a ceasefire between Israel and Iran, but Israel is accusing Iran of breaching it. President Trump declared the ceasefire after a night of attacks, sayin...

24 Kesä 202525min

Instant Reaction: Trump Announces Tentative Israel-Iran Ceasefire

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President Donald Trump announced that Israel and Iran had agreed to a tentative ceasefire in their conflict that would begin around midnight Washington time on Monday. Trump, who made the surprise ann...

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World Awaits Iran's Response; Oil & Markets Reaction to Conflict

World Awaits Iran's Response; Oil & Markets Reaction to Conflict

On today's podcast: 1) Iran vowed retaliation and kept up attacks on Israel following the US strikes on its nuclear facilities over the weekend, fueling fears of a wider war in the Middle East and rat...

23 Kesä 202525min

Daybreak Weekend: Nike Preview, TheCityUK, China Eco Survey

Daybreak Weekend: Nike Preview, TheCityUK, China Eco Survey

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to U.S GDP and personal spending data and Nike earnings. I...

20 Kesä 202538min

Two Week Iran Strike Deadline; Trump Can Continue National Guard in LA

Two Week Iran Strike Deadline; Trump Can Continue National Guard in LA

On today's podcast: 1) President Donald Trump will decide within two weeks whether to strike Iran, his spokeswoman said, as Israel hit more Iranian nuclear sites and warned its attacks may bring down ...

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