The Trump administration raised the east wing of the White House, the first step in President Donald Trump's plan to build a $350 million ballroom. With little in the way of public notice, no permits, no review, and no debate, the administration demolished the entire wing, including building elements dating back to 1805. The East Wing was built under President Theodore Roosevelt, then substantially expanded in 1942 when an underground bunker was added for secure military operations.Rosalyn Carter turned the ...

Economic Impact of Tariffs - The textile industry in Lutu faces challenges with workers earning as little as $1,800 per year [1] - The Prime Minister of Lutu declared a 2-year state of disaster for the country's economy after tariffs were imposed [2] - Initial tariffs were set at 50%, among the highest globally, later revised to 15% [2] - Potential shutdown of factories could result in 30,000 to 40,000 job losses [3] Trade Negotiations - Lutu is negotiating with the US government for a further tariff reduction, potentially to 10% or zero [3]

Corporate Restructuring & Efficiency - Target is streamlining the organization to tighten things up and initiate change faster, involving approximately 1800 corporate jobs, including 800 unfilled positions [1] - The company identified bloat as an issue, a trend seen across industries post-pandemic [2][3] - Corporate headcount cuts are considered a normal course of business, with Walmart also announcing similar cuts earlier in the year [4] Holiday Season Outlook - Target's corporate restructuring won't impact client-facing operations, seasonal hires, or in-store employee numbers [5] - Retail success during the holiday season hinges on inventory availability, accurate product selection, and customer support/experience [6] - Most holiday goods orders were placed in January/February, with goods arriving in July/August, positioning companies well for the season [9] - Consumers are expected to seek value and spread out spending to avoid large credit card bills in January [10] Pricing & Tariffs - Retailers are prioritizing avoiding price increases, exploring options like negotiating with suppliers and sharing costs [11][12] - Lower order volumes and reduced expectations for quick refills impact supplier negotiations [12] - Certain product categories will inevitably be influenced by tariffs, leading to some price increases [11][12]

>> FROM NEW YORK CITY FOR OUR VIEWERS WORLDWIDE, BLOOMBERG REAL YIELD STARTS RIGHT NOW. SCARLET: COMING UP, THE LONG-AWAITED AND LONG DELAYED TO SEPTEMBER CPI REPORT WAS BENIGN, SHOWING INFLATION AT THE SLOWEST PACE IN THREE MONTHS. OFFERING A PATH FOR THE FEDERAL RESERVE TO CUT INTEREST RATES BEYOND NEXT WEEK'S MEETINGS.SOME OF THE BIGGEST VOICES ON THE STREET WEIGHING IN ON POSSIBLE CRACKS IN THE CREDIT MARKET. WE BEGIN WITH A BIG ISSUE, A SOFTER THAN EXPECTED CPI PRINT. >> IT IS GENERALLY A BETTER-THAN-E ...

For months we have stressed. The importance of distinguishing things we can control and things we can't control. We can't control the trade policy of the United States.We recognize that that policy has fundamentally changed from the policy in the 1980s and 1990s to thousands. And it's a situation where the United States has tariffs against every one of their trading partners to different degrees. And it's in that context that our officials, my colleagues, have been working with their American colleagues on ...

Medical Diagnosis Advancement - Previously, detecting amyloid in the brain required an autopsy [1] - Now, a simple blood test (vein or finger prick) can detect amyloid and tau [1] - The lab can detect hundreds of brain proteins from the blood sample [1]

They've got a few things on their plate. One is they're looking to do a big fiscal expansionary budget that typically leads to a stronger currency because you're boosting your growth. But they usually need the central bank to raise rates in response to this.And that's the problem. There's a slight political lie in the markets pricing for the BBJ with the new prime minister, the first woman to ever lead Japan in that role, making it clear her views in the past about the BOJ being foolish to raise rates. And ...

What's going to come from this meeting as we count down to these two getting in the same room, assuming it happens, can we expect at least the framework for a trade deal. Well, one would hope that's where it's going to go. We've seen an enormous amount of tension in the relationship over the last couple of months, and I think seeing that relief from Wall Street today, folks have the expectation that they will be able to cut some sort of deal.It's not clear we're going to be able to get that done. But I thin ...

We have some breaking economic data I see rolling across my ticker right now, University of Michigan, the final reading for October. Consumer sentiment falls to 53.6%. The estimate was for 54.5%.We have we have Michael McKee here with us on set, Bloomberg's international policy and economics Correspondent. So is this a case where above 50 is expansion and below 50 is contraction below. We're getting close to the line at this point with the headline number.The current conditions index falls to 56 from 61 and ...

The yen’s haven status in times of global stress is being threatened, all while a “widow-maker” trade is becoming increasingly lucrative. Here's what’s happening in Japan’s markets. ...