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.

Episoder(1601)

Instant Reaction: Trump-Backed Funding Plan Fails

Instant Reaction: Trump-Backed Funding Plan Fails

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Government Shutdown Deadline; Fed Fueled Selloff on Wall Street

Government Shutdown Deadline; Fed Fueled Selloff on Wall Street

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Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillanc...

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Fed's Final Rate Decision of Year; Honda & Nissan Merger?

On today's podcast: 1) Stocks Keep Steady With Fed in Focus 2) Honda, Nissan Explore Merger With Foxconn Also in Hunt for Stake 3) Luigi Mangione Indicted for First-Degree Murder in CEO DeathSee omnys...

18 Des 202414min

Trump Legal Setback; Traders Prep for Fed Rate Decision

Trump Legal Setback; Traders Prep for Fed Rate Decision

On today's podcast: 1) A legal defeat for Donald Trump involving his hush money case in New York 2) Stocks are lower as the Fed kicks off its final rate decision of the year 3) Ukraine claims responsi...

17 Des 202414min

Investors Ready for Fed Rate Decision; Cool China Eco Data

Investors Ready for Fed Rate Decision; Cool China Eco Data

On today's podcast: 1) Investors ready for a rate cut in the year's final full week of trading 2) States call for more authority to address drone sightings 3) Further signs of economic softening i...

16 Des 202417min

Daybreak Weekend: Fed Preview, BOE Decision, China Data

Daybreak Weekend: Fed Preview, BOE Decision, China Data

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 preview of next week’s Fed decision and earnings from Nike. In the UK...

14 Des 202438min

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