Workflow
Japan Secures 15% Tariff Rate in New Deal With Trump
Bloomberg Television· 2025-09-05 13:32
So this is a completely different kind of trade deal that anyone's ever seen before. So the idea is the Japanese government will give $550 billion to Donald Trump to invest as the United States and Donald Trump sees that in America. So the Japanese will get back their money and 90% of the profits will go to the American citizens, the American taxpayer.So, Donald Trump, I'll give you an example. We buy all of our antibiotics, generic antibiotics in China. So Donald Trump can say, let's go build generic pharm ...
Tesla Offers Musk Unprecedented $1 Trillion Pay Package
Bloomberg Television· 2025-09-05 13:26
It's a striking number, but the benchmarks that he has to meet are also equally striking. Yeah, the actual value of the ward as it stands today is $88 billion. But over the ten year period, if he hits those operational and financial milestones, the total value would be calculated to be around 1 trillion.There's some very heavy operational milestones. He needs to have sold 20 million Tesla vehicles, which is interesting in the context of the business model he has with Robo Taxi. He has to sell or build 1 mil ...
'It's not good': The U.S. added just 22,000 jobs in August
MSNBC· 2025-09-05 13:23
We will begin this hour, the fourth hour of morning Joe with that breaking economic news. The August jobs report was released moments ago showing that the US added just 22,000 jobs last month, much much less than the 75,000 that economists expected. The unemployment rate also saw a slight increase to 4.3%.This, of course, the first jobs report released since President Trump fired the head of the Bureau of Labor Statistics last month after that report showed not just a weak level of job creation, but also a ...
Lutnick on Trade With Japan, Switzerland, BLS Troubles
Bloomberg Television· 2025-09-05 13:10
International Trade & Investment - A proposed $550 billion investment fund from the Japanese government to be managed by Donald Trump for investment in America [1][2][4] - The Japanese government would provide $550 billion to be invested in the US, with the Japanese recouping their investment and 90% of the profits going to American taxpayers [2] - The investment could be used to build generic pharmaceutical manufacturing, such as antibiotics, in America, reducing reliance on China [3] - The $550 billion investment could contribute 0.5% to the US GDP during Donald Trump's term [5] - The agreement is codified, with capital calls made to the Japanese for specific projects selected by Donald Trump [5] - If Japan stops funding projects before January 2029, tariffs would be reinstated, and the cash flow from the projects would remain with the United States [7] US-India Relations - India has increased its oil purchases from Russia from less than 2% to 40% due to sanctioned, cheap oil [11] - The US suggests India needs to choose a side and support the dollar and the US, or face a potential 50% tariff [16] - The US believes India will eventually seek a deal with the US due to economic pressures [19] US-Swiss Relations - The Swiss are sending a delegation to the US to make a new proposal, but the US is not optimistic due to trade imbalances [20][21][22] - The US views the European Union's offer of zero tariffs and a 15% payment to American exporters as more attractive than what Switzerland can offer [23] Economic Data & Bureau of Labor Statistics (BLS) - The Bureau of Labor Statistics (BLS) is experiencing technical problems with data retrieval tools [27] - The US Secretary of Commerce suggests the BLS needs new leadership, technology, and resources to ensure accurate data [28][29][30]
WSJ's Tim Higgins: Tesla's new pay plan pushes CEO Elon Musk to 'aim for the moon'
CNBC Television· 2025-09-05 13:02
And join us right now to talk about this, Tim Higgins, Wall Street Journal business columnist and a CNBC contributor. Uh these are some uh ambitious numbers. Uh they call them aspirational goals, Tim.Uh curious your reaction seeing them right now. >> Yeah. Yeah.Absolutely wild, right. And they really you could see the board struggling with this question. What do you get the guy who's the world's richest man, right.And how do you keep him motivated. And there are a few things in here, right. And the key thin ...
Payrolls rose 22,000 in August, less than expected in further sign of hiring slowdown
CNBC Television· 2025-09-05 13:00
Right, we are just a few seconds away from that August employment number. Rick Stanelli is standing by. He's been watching all of this as we get ready to go to this number.Rick, we're going to send it over to you. Wow. And the data is actually coming across the wires on time.Good job, BLS. Change in Knob Farm payrolls for the August job jobs report. 22,000 22,000.Interest rates started dropping long before this data was released. And last month, well, a subtle revision to 79,000. And if you look at the two- ...
'Dangerous time' for public health not just in U.S. but around the globe, warns doctor
MSNBC· 2025-09-05 12:58
That is where senators grilled RFK Jr. . yesterday about the CO 19 pandemic. Our next guest is looking at the possible public health dangers ahead under Kennedy's leadership.Joining us now, director of the University of Minnesota Center for Infectious Disease Research, Dr. . Michael Osterhome. He's out with a new book, The Big One: How We Must Prepare for Future Deadly Pandemics.Dr. . Osterhome, it's great to have you back with us. You were so instrumental in guiding us through the pandemic through all thos ...
Kulina: One of the best earnings calls we've seen all season
CNBC Television· 2025-09-05 12:52
All right, Broadcom biggest gainer in the pre-market. Um, if you're looking at the price target right now, the price target's about 337. It's pretty much there right now if you're looking at that. Uh, if you look at the street, everybody pretty much has a buy with very few exceptions.I want to go back to the quarter though. What did you think about this quarter before we heard about the mystery client. I'm looking at some notes.Some people weren't really blown away until we heard about this mystery customer ...
Crystal Clear BLS Needs New Leadership, Lutnick Says
Bloomberg Television· 2025-09-05 12:52
At 830 Eastern time. We meant to get a jobs number. This is what we heard from the blast just moments ago, that the Bureau of Labor Statistics says it's experiencing a technical problem and data retrieval tools are currently not available on the websites.Are we going to see a number in 10 minutes time. I'm never going to say never, but I tell you, it makes it crystal clear you should have fired the person who was running that group. Right.Because if you didn't fire them two weeks ago, you sure as heck would ...
Commerce Secretary Lutnick: Jobs number will 'get better' after Trump fired BLS chief
CNBC Television· 2025-09-05 12:49
All of this rests on the president's tariff strategy and that has been brought into question by the courts. The president himself said this week that if the Supreme Court doesn't rule in his favor, um it would be very very bad for America. If he doesn't rule, if the Supreme Court doesn't rule that these tariffs are valid, it questions the entire strategy the administration has put out.So what plans are there to deal with it if the Supreme Court uh rules against you. Well, let's take a look at the decision t ...