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Trump Pledges Arms For Ukraine | Balance of Power: Early Edition 7/14/2025
Bloomberg Televisionยท2025-07-14 19:19

US-Ukraine Relations & Geopolitics - The US is sending more weapons to Ukraine via NATO, with NATO distributing and paying for them [2] - President Trump is delaying possible sanctions against Russia for 50 days [1][3][9] - The US may impose 100% secondary tariffs on countries helping Russia if no deal is reached within 50 days [2][9] - North Korea is supplying as much as 40% of Russia's ammunition, including 6 million rounds of artillery [35][36][38] - Iran has built a drone factory in Russia, supplying Shaheed drones that are impacting Ukrainian infrastructure [36][41] - China is backstopping the Russian economy by increasing imports and exports, and providing microelectronics for Russian missiles [37] Financial Markets & Trade - The S&P is pushing higher by 0.1%, the Dow is up by 0.1% (24 points), and Nasdaq is up by about 0.3% [6] - Bitcoin is showing a gain of 1%, closing in on $122,000 earlier in the session [6][47] - Autodesk is no longer pursuing an acquisition of PTC, with Autodesk shares up by 5.6% and PTC lower by 1.7% [7] - Tariffs of 30% are threatened against Mexico and Canada, effective August 1 [8] - The EU is threatened with a 30% tariff, which the EU trade chief said would prohibit trade between the US and the EU [87] US Domestic Policy & Politics - Congress is gearing up to vote on three separate pieces of legislation pertaining to the crypto industry, including the GENIUS Act and the Clarity Act [46] - A rescissions package to claw back $9.5 billion is expiring on July 18 [61] - The White House is scrutinizing the Federal Reserve's headquarters renovations, calling for an audit against the backdrop of complaints about Fed Chair Jerome Powell's approach to interest rates [74]