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.

Episoder(1627)

Trump Drops Tariff Threat After ‘Framework’ Greenland Deal; Supreme Court Appears Wary of Bid to Fire Fed’s Cook

Trump Drops Tariff Threat After ‘Framework’ Greenland Deal; Supreme Court Appears Wary of Bid to Fire Fed’s Cook

On today's podcast:1) President Trump said he would refrain from imposing tariffs on goods from European nations opposing his effort to take possession of Greenland, citing a “framework of a future de...

22 Jan 19min

Davos Braces for Trump's Arrival; Bessent Cautions Allies Over Military Missions in Greenland

Davos Braces for Trump's Arrival; Bessent Cautions Allies Over Military Missions in Greenland

On today's podcast:1) President Trump expressed confidence that the European Union would continue to invest in the US even if he imposed new tariffs related to his quest to take control of Greenland, ...

21 Jan 16min

Greenland Talks Loom Over Davos; Bessent Says Fed Pick Could Come as Soon as Next Week

Greenland Talks Loom Over Davos; Bessent Says Fed Pick Could Come as Soon as Next Week

On today's podcast:1) President Trump said he will meet with several parties over his ambition to take control of Greenland during the upcoming World Economic Forum. Trump said in a Truth Social post ...

20 Jan 15min

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

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

On this special MLK Holiday edition of Bloomberg Daybreak, host Nathan Hager discusses: Stocks are coming off three straight years of double digit gains..What will 2026 hold? We hear from Cameron Daw...

19 Jan 38min

Daybreak Weekend: Netflix Earnings, Davos Preview, China Data

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 Jan 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 Jan 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 Jan 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” ...

14 Jan 15min

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