You, David, are probably familiar with the taco acronym that that has been thrown around a lot. It's stands for Trump always chickens out. This is the idea that if Trump says, I'm going to put 150% tariffs on China, Wall Street traders kind of discount that because they think, hey, he's never going to do it.So, I think we need one for Musk and Trump. And I propose Mamowit. It stands for Musk always makes up with Trump.Mamowit. Mamwood. Um, okay.the robo taxi. It was supposed to come Thursday or Friday last ...

Most permanent magnets today used in wind turbines or electric car motors come from using rare earth metals, typically neodymium. Rare earths are metals that are only found in the earth's crust in trace amounts, a few parts per million. And 92% of the world's rare earth magnets come from one place, China.So it's not like rare earth metals or neodymium specifically is only found in China. is that China has built over years through government investment and private investment a whole supply chain all the way ...

MATT: GETTING A LITTLE BIT OF LEFT TODAY. THE MINUTES UNTIL THE START OF THIS ORPHANED THE TRADING DAY. I'M MATT MILLER. KATIE: AND I'M KATIE GREIFELD.BLOOMBERG "OPEN INTEREST" STARTS NOW. MATT: MUTED MOVES, FUTURES FLUCTUATE, BUT IT LOOKS LIKE THEY ARE ON THEIR WAY UP AS INVESTORS PREPARE FOR A VERY UN-BUSY TRIPLE WITCHING EVENT THAT COULD FUEL MORE VOLATILITY. EIGHT TRILLION-DOLLAR PITCH.MACHE EOC SUN PITCHES TSMC FOR AN AI MEGA HUB IN ARIZONA, WHERE AMERICAN WORKERS CAN BUILD ROBOTS. TOO BIG TO IGNORE. S ...

Our business is US only. So, uh, it shot up purchases in in April and May. A lot of buyers in the US, I think, that were waiting on purchasing a watch tended to, you know, push in the direction of transacting quicker rather than later, uh, because they're worried about the the tariffs coming into play. And then you know now coming into you know the end of June early July we're seeing a lot of the markets uh the prices are increasing for the first time in a long time because the primary brands are starting t ...

Every American is a citizen of New York. It's so much a cultural and financial hub of our country that what happens in New York is consequential for all of us. And I'm not an expert on the exigencies of the details of New York City economic policy, but I do think the Democratic Socialist program would be profoundly dangerous for New York, for the Democratic Party, and for the United States.The set of measures free college, free childcare, free mass transit, pioneer, free rent control, huge increases in the ...

LOWER AT 3.5%, 76 $.06 AS POSSIBLY DIPLOMACY COULD RULE THE DAY. POWELL'S BIGGEST CRITIC. PRES.TRUMP: WE HAVE A STUPID PERSON AT THE FED. HE IS A POLITICAL GUY WHO'S NOT A SMART PERSON. WHAT I WILL DO, HE GETS OUT AND ABOUT NINE MONTHS.HE GETS TERMINATED. MAYBE I SHOULD GO TO THE FIT. MY ALLOWED TO APPOINT MYSELF AT THE FED.I WOULD DO A MUCH BETTER JOB. WE SHOULD BE TWO POINTS LOWER. LISA: PRESIDENT DONALD TRUMP CONTINUING HIS CRITICISM OF THE FED CHAIR, WRITING ON TRUTH SOCIAL "TOO LATE JEROME POWELL IS CO ...

LISA: THANK YOU SO MUCH. JOINING US IS STEPHEN SHORCK. HOW LONG DO YOU THINK THAT THEY WILL LAST.IT WILL DEPEND ON FURTHER ESCALATION AND HOW LONG THE HOSTILITIES. WE ARE LOOKING AT A SITUATION OF A WAIT AND SEE. THE MARKET HAS PRICED IN GREATER VOLATILITY.WHAT WE SAW BEFORE LAST THURSDAY WAS A MARKET SWITCHING INTO THE BRENT AND WTI BEGINNING IN 2026 HAD SWITCHED TO A MARKET WHERE PRICES FOR JANUARY WERE CHEAPER THAN FEBRUARY AND SO FORTH. THIS IS A CLASSIC FUNDAMENTAL TELLTALE THAT THE MARKET IS PRICING I ...

You don't know that I'm going to even do it. You know, I may do it. I may not do it.I mean, nobody knows what I'm going to do. I can tell you this, that Iran's got a lot of troubles and they want to negotiate. And I said, why didn't you negotiate with me before all this death and destruction. Why didn't you go. I said to the people, why didn't you negotiate with me two weeks ago.You could have done fine. You would have had a country. It's very sad to watch this.I mean, I've never I've never seen anything li ...

Why is the Trump administration seemingly as unconcerned as it is about this and I'm including the treasury secretary here. Sure. Thanks so much, Ronnie.And, you know, it's tricky. You know, when we were reporting out this story, one investor told me, watch what they do, not necessarily what they say. So we have had the Treasury secretary, Scott Bersin, out talking about the administration's strong dollar policy, as they've had for for many decades now.But the next question is, do traders do investors reall ...

The straight of Hormuz is a narrow stretch of water that links the Persian Gulf to the rest of the world. About a fifth of the world's oil flows through it. That's the world's produced oil, the world's consumed oil.It has to go through that waterway. It's largely unavoidable. And so any kind of material disruption would be a big issue.Iran has always said that it could close the straits if threatened, if the situation demanded it. It would be very difficult for Iran to do that and certainly very difficult f ...