Tariff Impact & Inflation - JP Morgan 认为，行业特定的 Section 232 关税可能比国家特定的关税对有效关税率产生更大的影响，预计稳定在 22% 左右 [1] - 总体而言，预计关税总成本的约 60% 将转嫁给消费者，而公司承担约 40% [2] - 关税成本可能会在今年剩余时间内增加，但明年可能会被减税的一些好处所抵消 [3] - 商品成本可能会继续上涨，但服务领域可能会出现转变，有助于明年年底通胀下降 [4][5] - 增长和通胀通常朝着相同的方向发展，这可能会使明年上半年的通胀保持在高位 [5] Monetary Policy & Labor Market - 如果明年通胀保持在高位，增长加速，即使只是在较短的时间内，可能会进一步将降息推迟到下半年，并且总体而言，降息幅度可能会低于市场预期 [7] - 劳动力市场可能存在更大的复杂情况，明年上半年如果增长略高，可能会延长劳动力市场的寿命 [8][9] - 税收减免将在很大程度上帮助消费，但如果劳动力市场总体疲软，则存在疑问 [9] - 小型企业面临的十大业务问题中，利率和融资成本排名第 10，而劳动力质量排名第 2，劳动力质量高于劳动力成本 [12] - 人口结构变化正在减缓劳动力供应，需求也在变得更加疲软 [13]

All right. So, some companies are obviously switching their supply chain, trying to minimize their exposure to China. I'm you have an unbelievably good relationship with you.I don't know whether it's worth risking, but have you thought about uh I know some of your business is already out of China. Have you thought about moving more. >> Well, you know, we have been uh optimizing our supply chain.If you looked at us a few years ago, 100% of our production was in China. It's now about 75% and we continue to di ...

Are upbeat about the current situation in the economy, but our new All-American survey shows that not everyone is upbeat about the future. Our Steve Liesman joins us with that story. Steve.>> Thank you. Leslie upbeat views on the stock market and steady wage expectations look to be supporting an improvement in how Americans assess the current state of the economy. But the outlook remains kind of dour, perhaps in part because of negative attitudes toward several Trump administration policies, especially tari ...

Look, I personally believe that society is likely to and I think should uh come to the conclusion at some point that we we need something some concept like we have you know medical privilege or legal privilege and if you are asking for this kind of advice even though it's like a you know not a human doctor but like a AI medical adviser a lot of those same principles should apply and that just the fact that you've asked Chai GBT to analyze your medical records does not mean they should then be discoverable b ...

First though, President Trump officially announcing a new pick to fill Andrea Cougler's spot on the Federal Reserve Board of Governors. Steve Leeman's here and he has that story for us. Steve.>> Hey, good morning, David. Yeah, the CEA chair, Steven Myron, has been a stalwart defender of the president's economic policies and an architect of those key policies. But the appointment by the president to the Fed to be a Fed governor sounds initially temporary.the president writing in a tweet, "It is my great hono ...

Company Leadership & Stock Performance - Boeing's shares are up 35% since Kelly Ortberg became CEO one year ago [1] - The stock has increased by $100 since the April 7th low [2] Turnaround Plan & Strategy - Boeing is focusing on quality and safety to get back to basics [2] - The company aims to be cash flow positive by the end of the year [3][5] - Improving 737 Max production is crucial for achieving positive cash flow [3] Production & Deliveries - In the first half of the year, Boeing delivered 201 commercial airplanes [3] - The current production rate is 38 planes per month, with a target of 42 per month by year-end, pending FAA approval [4] Backlog & Future Outlook - The backlog for the 737 Max is 4,869 planes [5] - The Spirit AeroSystems acquisition/split is expected to be a catalyst for both Boeing and Airbus [6][7]

You said a bunch of things. The model's smarter. It's faster. It's more intuitive. It's more useful in a bunch of ways.One of the biggest things though is it's an integrated single experience. We have built a system that can answer easy questions quickly. It can think for a long time and answer hard questions.And it's it's you know there's just one thing called GPT5 now instead of the long list of models we used to have. Um it's much better for businesses and enterprises. Uh the coding in particular is some ...

you know 20ish uh 25 billion market cap so kind of midcap but yeah everything seemed fine although a lot of focus on how it's international growth is a big piece of it and at times investors have liked that uh for Pinterest is a bit of a diversity let's get the opening bell final one of the week this morning here at the big board it is ship broking firm Vantage Corp celebrating a recent IPO at the NASDAQ it is Abid Bank Holdings also celebrating this recent IPO as we get some um breath filling in. I think o ...

Financial Performance - Chime's topline grew 37% in Q1 [1] - Chime's active member base grew by 23% year-over-year [2] - Chime demonstrated adjusted EBITDA of 3% [2] Business Model & Strategy - Chime operates as a technology company partnering with banks to hold deposits, ensuring money is FDIC insured [4][6] - Chime focuses on serving the needs of everyday consumers, particularly the two-thirds of Americans living paycheck to paycheck [4] - Chime differentiates itself by focusing on short-term liquidity, avoiding fees, building credit, and promoting saving habits for everyday consumers [5][9] - Chime's low-cost structure allows it to develop profitable relationships with everyday consumers without relying on billions of dollars of fees [9] Market Perspective - Traditional banks primarily focus on high net worth clients and services like rewards cards with high costs, neglecting the everyday consumer [8][9] - Chime does not view cryptocurrency as a currency for everyday consumer transactions in America in the near future [12]

Okay, now to the economy and actually the accuracy of government data. Joining us now, Greg Manq. He served as council of uh economic adviserss under as the chair under George W. Bush um the second Bush. And it's good to see you. We used to be on quite a bit. Uh Greg, it's been a while. Thanks for joining us. >> Nice to be with you, Joe. So, we just were talking to Sam Alman about the state of AI and GPT5 and we now know that to get the most important economic numbers for the Fed to base all its policy on a ...