Well, right now the tariffs are very high on India because of the Russian oil and they've stopped doing the Russian oil that's it's been reduced very substantially. Yeah, we're going to be bringing the tariffs down. >> Trump's tariffs, a US trade deal that hangs fire, China hostility and middling growth.2025 seems like a year in which India's political and economic fortunes were clouded. But economist Nil Kant Mishra disagrees. The real story is in the business cycle in India on how the reversal of monetary ...

It's been a roller coaster day for UK financial markets. A report in the day's early hours that Chancellor Rachel Reeves was going to drop plans to raise income taxes caused the pound to tumble. UK borrowing costs soared.Then only an hour later, we reported that the reason this was being dropped was because forecasts for the country are looking better. That caused those moves to pair a little. Speculation about the budget is becoming more feverish as we head toward the November 26th announcement.And today's ...

A used auto dealer and lender named Trialor suddenly filed for bankruptcy in September after alleged fraud was flagged in their books. >> You're looking at hundreds of millions of losses across the industry. >> When Trialor started to go down, it set off a wave of fear on Wall Street.Everybody was wondering what's the next shoe to drop. >> The credit market has stopped buying some of these subprime auto loans and investors have started pulling away from more risky borrowings. Tricolor was a car dealer and a ...

Well, it's been an absolute disaster for Republicans. I mean, to shut down the House of Representatives for all these weeks, the longest, uh, government shutdown, but the House being out of session all this time has been a disaster for Republicans. So, uh, when they open up, they will have bipartisan support.You know, Congressman Massie, a Republican, um, along with Roana has led that uh, discharge petition. So, they now have the votes. And I do imagine there will be quite a few Republicans who will join on ...

Trade Policy Changes - The U S government is considering eliminating or reducing tariffs on certain food products, like beef, coffee, and tomatoes, that the U S either doesn't produce or doesn't produce enough of [2][3] - The U S and Switzerland have reached a preliminary trade agreement to lower tariffs on many Swiss goods, including watches, from 39% to 15% [7] - Switzerland is committing to a $200 billion investment pledge over five years, with $67 billion (one-third) in the next year in the U S [9] Trade Agreement Status - The administration is working to finalize trade deals with various countries, with India being one of the remaining countries without a deal [11] - Canada and Mexico are in a separate category due to the USMCA, which provides them with lower average effective tariff rates [12][13] Tariff Impact & Strategy - The tariff exclusions acknowledge the impact of tariffs on prices, a point previously downplayed by the Trump administration [5] - The scope of the tariff exclusions is still unclear, including which countries and products will be affected [5][6]

Product Launch & Availability - Apple launched the new iPhone Pocket, with limited availability at select locations like the Soho store in New York City [1] - The teal turquoise color of the iPhone Pocket was the first to sell out [1] - The long cross body version of the iPhone Pocket is no longer available online or in stores [2] Market Reception & Pricing - The iPhone Pocket's high price point has drawn criticism, with some questioning its value in the current economy [3] - The accessory's design has sparked conversation, particularly ahead of the holiday shopping season [3]

What do we know about what's leading up to this report. How did we get to this point in time. Well, Tyler, we've seen since August this accumulation of U.S. assets in the southern Caribbean.In early September, we saw the first of these strikes which have now killed about 75 alleged criminals, alleged drug runners in the southern Caribbean, and also expanded to the Pacific. And we're seeing just now the aircraft carrier fourth arriving to the southern Pacific. And so this is the greatest accumulation of asse ...

Market Volatility and Economic Uncertainty - Federal Reserve commentary is causing market volatility, casting doubt on potential December rate cuts [1] - The government shutdown has created a data vacuum, leading to uncertainty about the economy's performance and impacting the odds of a rate cut, which fell below 5% from near certainty a month prior [2][3] - The market anticipates a cluster of volatility due to the compressed timing of data releases [5] - There are concerns about the accuracy and consistency of delayed data, making the economic outlook cloudy for several months [6] Federal Reserve Policy and Economic Outlook - The Federal Reserve is signaling caution in the data desert, emphasizing the need to tread carefully with limited room to ease policy without becoming overly accommodative [4] - The market is pricing in a 50% probability of a December rate cut, but some believe the Fed is in no rush to cut rates [8][9] - The outlook for 2025 indicates a real GDP growth of about 2%, with expectations of equal or slightly higher growth the following year [11] - Companies are generally still frozen, and the economy is K-shaped, but tax refunds could invigorate consumers [12][13] Credit Market and Investment Grade Bonds - A rare wholesale pull in high-grade bonds indicates unsteady credit markets [1] - The market saw the first market RADEAL, indicating a crack in high yield [18] - Applied Digital selling at 97 cents on the dollar with a yield of around 10% struggled to generate demand, signaling caution among credit investors [19] - No companies are considering new investment-grade bonds today, and wobbliness in the market could impact issuance [23] - Supply has been well absorbed, but spreads have pulled back slightly from all-time lows of 72 to about 80 [25][26]

Tremors have rippled through the $25 trillion US credit market. We had an exposure to Tricolor. I'm obviously not happy about it.This story is about the sudden, unexpected, spectacular collapse of a subprime auto lender backed by some of the largest banks on Wall Street. Tricolor’s collapse in the subprime auto lending space could be the tip of the iceberg. A used auto dealer and lender named Tricolor suddenly filed for bankruptcy in September after alleged fraud was flagged in their books.You’re looking at ...

I think with the crypto markets like especially like Bitcoin and Ethereum and the altcoins like sentiment changes can show up more dramatically just because there aren't as many like institutional players involved and you know that that kind of shows up as dramatic swings and then that bleeds over into equities that are linked to the crypto markets. You know, um I started out covering Bitcoin as kind not a joke, but as kind of um an a cultural exercise like 12 or 13 years ago by only using bitcoins instead ...