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 Holiday: Stock Market Records, Fed Independence, The Future of DEI

Daybreak Holiday: Stock Market Records, Fed Independence, The Future of DEI

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Daybreak Weekend: Netflix Earnings, Davos Preview, China Data

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 earnings from Netflix and Intel. In the UK – a l...

16 Tammi 38min

Venezuela’s Machado Gives Trump Nobel Medal; Greenland Seeks Support Against Takeover Bid

Venezuela’s Machado Gives Trump Nobel Medal; Greenland Seeks Support Against Takeover Bid

On today's podcast:1) President Trump accepted Venezuelan opposition leader Maria Corina Machado’s Nobel Peace Prize medal at a White House meeting on Thursday as she tries to get back in his good gra...

16 Tammi 21min

Second ICE Shooting in Minneapolis as Protests Intensify; Denmark-US Rift Persists Over Greenland

Second ICE Shooting in Minneapolis as Protests Intensify; Denmark-US Rift Persists Over Greenland

On today's podcast:1) Tensions in Minneapolis escalated again Wednesday night after a federal officer shot a man in the leg during an attempted arrest. Homeland Security says the Venezuelan man fled i...

15 Tammi 14min

Trump Defends DOJ's Powell Probe; Iran Death Toll Jumps

Trump Defends DOJ's Powell Probe; Iran Death Toll Jumps

On today's podcast:1) President Trump dismissed Jamie Dimon’s criticism over the Justice Department probe into the Federal Reserve, saying the JPMorgan Chase & Co. chief executive officer was “wrong” ...

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Powell Probe Stirs GOP Concern; Trump Vows 25% Tariff on Iran's Trading Partners

Powell Probe Stirs GOP Concern; Trump Vows 25% Tariff on Iran's Trading Partners

On today's podcast:1) President Trump faced rare opposition from key Republican lawmakers after Federal Reserve Chair Jerome Powell accused the Department of Justice of launching a grand jury investig...

13 Tammi 16min

Fed Served With DOJ Subpoenas; Iran Says Protests Quelled After Hundreds Reported Killed

Fed Served With DOJ Subpoenas; Iran Says Protests Quelled After Hundreds Reported Killed

On today's podcast:1) Federal Reserve Chair Jerome Powell said the US central bank had been served grand jury subpoenas from the Justice Department threatening a criminal indictment, a dramatic escala...

12 Tammi 20min

Daybreak Weekend: Bank Earnings, UK Property Market, China Trade

Daybreak Weekend: Bank Earnings, UK Property Market, China Trade

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 U.S CPI data and bank earnings. In the UK – a lo...

9 Tammi 39min

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