Jared Holles from Missouo joining us once again. Jared, good to have you back on. What does the in plain English, what does this 15% tariff cap mean for your companies that you follow.>> Great to see you, Brian. Thanks a lot for having me. Yeah, I mean, it's a it's a piece of the puzzle.I think we're trying to put this mosaic together to kind of determine, you know, what the economic policies are going to be with respect to this industry. And the 15% I think is important in the context of you know as you al ...

and Joe Gruters is elected as the chairman of the Republican National Committee. >> Thank you all so much. Now the party's in great hands moving forward.The skies are clear. Today is not about one person. It is about our mission.The midterms are ahead where we must expand our major majority in the House and the Senate and continue electing Republicans nationwide. ...

We've got a triple header of technology headlines happening now. They involve a tanking stock. Elon Musk and Google and Facebook make it a pretty big deal.Powerful combo. So let's go out west Mackenzie Sigalos in our San Francisco bureau to kind of hit all of these. And Mackenzie, let's start with I.And another big move in the race to spend big bucks on the hottest talent in Silicon Valley. >> So you've got Musk, Altman and Zuckerberg once again at the center of this AI talent war. So I've confirmed that to ...

So, let's be absolutely clear. Canada currently has the best trade deal with the United States. And while it's different from what we had before, it is still better than that of any other country.So, as we work to address outstanding trade issues with the United States, it's important, it's vital, we do everything we can to preserve this unique advantage for Canadian workers, Canadian businesses, and doing so will require both building on a soontobe revised KUSA, our free trade agreement with the US and Mex ...

with the head of your own party. Uh you don't sit back and say I must follow the leader that you've got to have a rubber stamp Congress. I completely differ with Mr.. Dulles when he says the heart of our foreign policy is to continue shipping uh rather continue giving aid to allies who in turn are shipping goods to red China. As of tonight, as of this moment, Red China is imprisoning American uniform men. Now while a communist China has in her bloodstained dungeons American young men, we should not give $1 ...

There have been reports that you're considering taking a stake in Intel. Can you tell about the 10%. About the 10%.Yeah. I met a man. He was a very nice man and I called for his removal because I saw something by a man named Tom Cotner, a senator from Arkansas.He's a great guy, friend of mine, supporter of mine. Big I'm a supporter of his team. And he wrote a pretty nasty uh story about the head of Intel.And I said, "Well, if that's right, he should resign." And he came in. He saw me. We talked for a while. ...

on set. Two of our favorite people, Kevin Gordon of Schwab, Francis Donald with RBC Capital Markets. Thank you for joining us.It's Brian. Nice to see you. So, I'm reading Pal's speech here, Kevin.Higher tariffs have begun to push up prices in some categories of goods. We expect the effects of tariffs to accumulate over coming months with high uncertainty about timing and amounts. I I could read this and actually make the case for a rate hike.Yeah. Yeah, I mean I think he to me the speech was all about balan ...

FTC Focus & Priorities - FTC Chairman emphasizes the importance of protecting American consumers from foreign government demands on American tech companies, asserting that US laws should take precedence [4][5] - FTC is actively monitoring and potentially investigating AI companies to ensure they are honest about their products' capabilities and consequences for consumers [22][24] - FTC views protecting American privacy and ensuring data safety as a top priority, particularly concerning the Child Online Privacy Protection Act (COPPA) [13][14] Legal & Enforcement Actions - FTC paused administrative adjudication against Meta due to ongoing litigation in federal court, with no settlement discussions currently taking place [12][13] - FTC is awaiting a decision in the trial concerning the combination of Facebook, Instagram, and WhatsApp, expressing confidence in a successful outcome [17][18] - FTC has brought enforcement actions against companies that misrepresented their products to consumers [22] International Tech Regulation - FTC acknowledges the growing pressure on American tech companies from foreign governments (Europe, UK, Brazil) to potentially censor speech and weaken security protections [3][8] - FTC commends Apple for pushing back against UK requirements for a backdoor into encrypted data, highlighting the importance of protecting American consumers [6][7] - FTC stresses that American tech firms have legal obligations to protect American consumers and should not prioritize compliance with foreign government demands at their expense [7][8]

Fed Rate Cut Expectations - The market initially priced in a 65% probability of a rate cut, which increased to nearly 90%, but not fully priced in for September, suggesting lingering concerns about inflation or employment data [1] - The market had priced in over one rate cut two weeks prior, but the probability decreased to 70%, reducing the need for the Fed to counter the market [3] - Bank of America initially anticipated no rate cuts this year, a view largely out of consensus, primarily due to strong inflation data [5] Fed's Stance and Rationale - The Fed believes it is starting from a restrictive stance, viewing rate cuts as recalibration rather than stimulus [2] - The Fed is under political pressure, and a dovish tone could invite criticism, influencing the decision to lower the temperature [4] - The Fed is closely monitoring the labor market, balancing supply and demand, and awaiting further jobs data to determine future actions [7][8] Data Dependence and Future Outlook - The Fed will remain data-dependent, potentially looking past inflationary risks if they perceive it as a one-time adjustment rather than a long-term trend [8] - A more rapid rise in the unemployment rate could lead to more aggressive rate cuts, with expectations of a modest rise leading to two cuts this year as part of recalibration, avoiding recession [9] - While nominal rates are declining, inflation compensation is rising, suggesting the market may show signs of inflation targets moving higher and becoming unanchored from the Fed's 2% target [11][12]

Public Safety & Security - National Guard's collaboration with police ensures safety [1] - Potential deployment of regular military if necessary [1] - Commitment to making the country and cities very safe [1] Political Commentary - Criticism of Chicago's mayor as grossly incompetent [2]