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(1594)

President Trump Says Trade Deals Coming; Warren Buffett Picks His Successor

President Trump Says Trade Deals Coming; Warren Buffett Picks His Successor

On today's podcast: 1) President Donald Trump suggested that his administration could strike trade deals with some countries as soon as this week, offering the prospect of relief for trading partners ...

5 Maj 202517min

The CEO Radar: Behind the Tariff Headlines (Sponsored Content)

The CEO Radar: Behind the Tariff Headlines (Sponsored Content)

Financial analysts were far more prepared than most CEOs for the US tariffs announced on April 2. Analysts, who serve as a proxy for the financial markets, anticipated tariffs would soon be an enormou...

4 Maj 202520min

Daybreak Weekend: Fed Decision, Germany Chancellor, China Eco

Daybreak Weekend: Fed Decision, Germany Chancellor, China Eco

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 look ahead to next week’s Fed decision and earnings from Walt Disney....

2 Maj 202539min

US-China Possible Trade Talks; Apple & Amazon Disappoint

US-China Possible Trade Talks; Apple & Amazon Disappoint

On today's podcast: 1) China said it is assessing the possibility of trade talks with the US, the first sign since Donald Trump hiked tariffs last month that negotiations could begin between the two ...

2 Maj 202516min

Tech Stocks Surge on Microsoft & Meta Earnings; US & Ukraine Sign Deal

Tech Stocks Surge on Microsoft & Meta Earnings; US & Ukraine Sign Deal

On today's podcast: 1) Microsoft Corp. shares jumped after the company reported stronger-than-expected quarterly sales and profit growth, suggesting customer demand for cloud services has held steady ...

1 Maj 202516min

Trump Bashes Powell and Touts Tariffs; Amazon's Tariff Move

Trump Bashes Powell and Touts Tariffs; Amazon's Tariff Move

On today's podcast: 1) President Trump marks his first 100 days in Michigan car country and hits the Fed as he defends sweeping tariffs. Trump criticized Federal Reserve Chairman Jerome Powell, saying...

30 Apr 202517min

Carney Wins Canada's Election; President Trump's First 100 Days

Carney Wins Canada's Election; President Trump's First 100 Days

On today's podcast: 1) Canada’s Liberal Party is projected to win a fourth consecutive election, giving a mandate to former central banker Mark Carney after a campaign in which he pledged to boost eco...

29 Apr 202517min

Trump's Next Steps with China Trade War; Canada Election Day

Trump's Next Steps with China Trade War; Canada Election Day

On today's podcast: 1) President Donald Trump’s tariff onslaught has roiled Washington and Wall Street for nearly a month. If the trade war persists, the next upheaval will hit much closer to home. 2)...

28 Apr 202516min

Populärt inom Business & ekonomi

badfluence
framgangspodden
varvet
rss-jossan-nina
uppgang-och-fall
rss-borsens-finest
avanzapodden
fill-or-kill
rss-inga-dumma-fragor-om-pengar
bathina-en-podcast
24fragor
lastbilspodden
svd-tech-brief
rss-dagen-med-di
rss-kort-lang-analyspodden-fran-di
borsmorgon
rss-den-nya-ekonomin
kapitalet-en-podd-om-ekonomi
dynastin
market-makers