Microsoft, Meta Post Big Gains; President Trump Announces Tariff Deals

Microsoft, Meta Post Big Gains; President Trump Announces Tariff Deals

On today's podcast:

1) Tech stocks surge after blowout quarters by Microsoft and Meta, and more Mag 7 earnings on tap as Apple and Amazon report today. Microsoft shares gained more than 8% in after-hours trading while Meta jumped more than 11% after both pledged to spend lavishly on artificial intelligence. Stocks rose in early trading as upbeat earnings helped drive optimism over resilient corporate profits.

2) Fed Chair Jay Powell bucks pressure from the White House and two dissenters to leave rates unchanged. The dollar dropped, sliding from its highest level since May after Fed Chair Jay Powell Wednesday said no decision had been made about easing policy in September.

3) President Trump unleashes a flurry of trade surprises ahead of tomorrow's deadline. The president announced tariffs of 15% on imports from South Korea and 25% on imports from India, accompanied by criticism of India's purchases of Russian energy and weapons. Deals are being drafted or have been agreed upon with several countries, including Thailand, Cambodia, and Taiwan, as Trump attempts to create a new global trade order.

See omnystudio.com/listener for privacy information.

Jaksot(1599)

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

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15 Tammi 14min

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

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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...

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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

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9 Tammi 39min

Walz Clashes With Noem Over ICE Shooting Probe; Trump’s Tariffs Face Supreme Court Test

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On today's podcast:1) The investigation into the killing of a US citizen by an ICE agent in Minneapolis this week is being complicated by clashes between federal and local officials, with the FBI taki...

9 Tammi 15min

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