Chair Powell's Tariff Concerns; Harvard Pushes Back on Trump

Chair Powell's Tariff Concerns; Harvard Pushes Back on Trump

On today's podcast:
1) President Trump's optimism on trade is lifting stocks following yesterday's selloff on Wall Street. Positive signals from initial US-Japan trade talks stirred optimism agreements can be reached to avoid higher levies on American trading partners.
2) Fed Chair Jay Powell says tariffs make a challenging scenario for the Federal Reserve. Powell on Wednesday signaled a wait-and-see approach to tariffs, pushing back on hopes the central bank would act quickly to soothe investor fears. His comments, along with concerns over the impact of tariffs on the tech sector, helped end a two-day consolidation in stocks.
3) Harvard continues to push back against pressure from the White House. Harvard University's refusal to comply with a Trump administration deal to require it to reform its governance and end diversity programs is resulting in retribution. The administration's freezing funding of 2.2 billion dollars of multiyear grants, accusing Harvard of mishandling antisemitism on campus. President Trump says the school should lose its tax-exempt status and several outlets reported that the IRS is considering the issue

See omnystudio.com/listener for privacy information.

Jaksot(1592)

Daybreak Weekend: Homebuilders Preview, UK Jobs, Lunar New Year

Daybreak Weekend: Homebuilders Preview, UK Jobs, Lunar New Year

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US to Narrow Metals Tariffs; DHS Shutdown Looms as Senate Fails to Cut Deal

US to Narrow Metals Tariffs; DHS Shutdown Looms as Senate Fails to Cut Deal

Today's top stories, with context, in just 15 minutes.On today's podcast:1) The Trump administration is working to narrow its broad tariffs on steel and aluminum products that companies find difficult...

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House Rejects Trump Tariffs; GOP Passes Voter ID Bill

House Rejects Trump Tariffs; GOP Passes Voter ID Bill

Today's top stories, with context, in just 15 minutes.On today's podcast:1) President Trump’s tariff policies suffered their strongest political blow yet with the Republican-led US House passing legis...

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Guthrie Investigation Intensifies; Ten Dead in Canada School Shooting

Guthrie Investigation Intensifies; Ten Dead in Canada School Shooting

Today's top stories, with context, in just 15 minutes. On today's podcast:1) An individual who the authorities described as a person of interest has been taken into custody regarding the disappearance...

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Memory Chip Squeeze Widens Gap; Alphabet's Global Debt Binge

Memory Chip Squeeze Widens Gap; Alphabet's Global Debt Binge

Today's top stories, with context, in just 15 minutes.On today's podcast:1) The relentless surge in memory chip prices over the past few months has driven a vast divide between winners and losers in t...

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Seahawks Win Super Bowl; China to Curb US Treasury Exposure

Seahawks Win Super Bowl; China to Curb US Treasury Exposure

Today's top stories, with context, in just 15 minutes.On today's podcast:1) The Seattle Seahawks won their second Super Bowl title on Sunday, beating the New England Patriots by a score of 29-to-13 at...

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Daybreak Weekend: US Eco, International Energy Week, Softbank Earnings

Daybreak Weekend: US Eco, International Energy Week, Softbank Earnings

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to S jobs and CPI data, along with a focus on 3 sto...

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Amazon Selloff on Massive Spend; Bitcoin Traders Buy Dip

Amazon Selloff on Massive Spend; Bitcoin Traders Buy Dip

Today's top stories, with context, in just 15 minutes.On today's podcast:1) Amazon.com shares tumbled in premarket trading on Friday after the e-commerce and cloud-computing company’s $200 billion ann...

6 Helmi 16min

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