Democrats Sweep on Election Night; Supreme Court to Hear Tariff Arguments

Democrats Sweep on Election Night; Supreme Court to Hear Tariff Arguments

On today's podcast:
1) Democrats swept the three major local elections in the US on Tuesday by wider-than-expected margins, giving the beleaguered party a much-needed boost 10 months into President Donald Trump’s second term. In New York, voters elected 34-year-old Zohran Mamdani, a democratic socialist, as mayor after he deployed a social media-savvy campaign and joined up with two progressive icons, Vermont Senator Bernie Sanders and Representative Alexandria Ocasio-Cortez. Mamdani — who will be New York’s first Muslim and South Asian mayor when he takes office Jan. 1 — campaigned on making the global business hub more affordable by using higher taxes on the wealthy to pay for free buses and city-run grocery stores, overcoming many voters’ concerns about his pro-Palestinian views.
2) Abigail Spanberger, a 46-year-old former CIA officer who left the House of Representatives after three terms in January, will be the first female governor in Virginia, a state that’s front-and-center in the battle over the government shutdown and efforts to trim the federal workforce. Likewise in New Jersey, Representative Mikie Sherrill, a former Navy helicopter pilot, won a race in which pocketbook concerns about utility bills, health care and schools were more central than culture war issues or government giveaways. About 6 in 10 voters in Virginia and New Jersey described themselves as “angry” or “dissatisfied” with the current state of the country, according to an exit poll conducted by the Associated Press, compared to just one-third who said they were “enthusiastic” or “satisfied.” Meanwhile, California voters passed a ballot measure that could flip as many as five congressional seats to Democrats from Republicans, handing Governor Gavin Newsom a major political victory in his fight against President Trump.
3) The fate of the majority of President Trump’s tariffs is in the hands of the US Supreme Court after lower courts ruled that they were issued illegally under an emergency law. The tariffs have remained in place to allow the Trump administration to appeal to the highest court, which is scheduled to hear arguments today. The Supreme Court case doesn’t touch upon the duties imposed on certain product categories using different legal foundations. For example, the Trump administration has put in place levies on steel, aluminum, automobiles, copper products and lumber by harnessing Section 232 of the 1962 Trade Expansion Act. Those tariffs depend on Commerce Department investigations that concluded that imports of such products pose a national security risk.

See omnystudio.com/listener for privacy information.

Avsnitt(1610)

Bloomberg Daybreak Holiday Special - July 4th, 2023

Bloomberg Daybreak Holiday Special - July 4th, 2023

Bloomberg's Nathan Hager spends the hour covering the biggest tech stories from 2023 and what we can expect for the rest of the year. He speaks with Gene Munster of Deepwater Asset Management and Dan ...

5 Juli 202333min

China's Economic Concerns; The World's Hottest Day on Record

China's Economic Concerns; The World's Hottest Day on Record

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) We dig into China's PMI miss ahead of Janet Yellen's visit 2) A White House evacuation after cocaine is reported in ...

5 Juli 202316min

Americans Divided on Supreme Court; Tesla Shares Rally

Americans Divided on Supreme Court; Tesla Shares Rally

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Americans are divided on the Supreme Court's affirmative action decision. 2) Tesla smashes sales expectations. 3) Ap...

3 Juli 202315min

Bloomberg Daybreak Weekend: Jobs, Fed, AI, Europe

Bloomberg Daybreak Weekend: Jobs, Fed, AI, Europe

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including the coming jobs report, big annual economic in the south of France,...

1 Juli 202335min

Supreme Court Decisions Under Scrutiny; Apple Approaches $3 Trillion Valuation

Supreme Court Decisions Under Scrutiny; Apple Approaches $3 Trillion Valuation

Your morning briefing. The news you need in just 15 minutes.     On today's podcast:  1) Supreme Court Rulings Under Scrutiny  2) Apple Eyes Historic $3 Trillion Valuation  3) Fed’s Bostic Says Leave ...

30 Juni 202316min

Banks Pass Fed Stress Test; Fed Talks Rates

Banks Pass Fed Stress Test; Fed Talks Rates

Your morning briefing. The news you need in just 15 minutes.  On today's podcast:  1) Banks Pass Fed Stress Test With Mixed Outlook for Higher Payouts  2) Powell Says Likely Need Two or More Hikes to ...

29 Juni 202316min

Chip Stocks Fall on Possible China Curbs; NY Skies Set to Darken Again

Chip Stocks Fall on Possible China Curbs; NY Skies Set to Darken Again

Your morning briefing. The news you need in just 15 minutes. On today's podcast:1) Nvidia Drops on Report US Plans More AI Chip Curbs for China2) UBS Preparing to Cut More Than Half of Credit Suisse W...

28 Juni 202316min

Russia Drops Mutiny Case Against Prigozhin; Trump Tapes

Russia Drops Mutiny Case Against Prigozhin; Trump Tapes

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Russia Drops Mutiny Case Against Prigozhin 2) Biden Says US Not Involved in Russia Insurrection 3) Trump Discusses ‘...

27 Juni 202317min

Populärt inom Business & ekonomi

badfluence
framgangspodden
varvet
rss-jossan-nina
rss-svart-marknad
rss-borsens-finest
uppgang-och-fall
avanzapodden
lastbilspodden
fill-or-kill
rss-inga-dumma-fragor-om-pengar
borsmorgon
svd-tech-brief
24fragor
rss-dagen-med-di
bathina-en-podcast
tabberaset
rss-kort-lang-analyspodden-fran-di
dynastin
rss-borslunch