Tax bill will 'sterilize' some of the negative impacts of Trump's tariffs: Strategas' Dan Clifton
CNBC Television· 2025-07-03 11:50
For more reaction to the House vote on President Trump's mega bill, let's bring in Dan Clifton, head of policy research for Strategus Securities. Dan, great to have you with us. Probably a long night for you as well.Are you surprised um at where we are right now. And and sort of give us a bigger picture view of this. How important is this in terms of the passage of this bill ultimately to the Trump agenda for the remaining of his term, which is quite a long time.Well, first, thank you for having me on this ...
UK's Starmer backs Reeves after doubts over chancellor's future #politics
Bloomberg Television· 2025-07-03 11:42
I have every faith in my chancellor. She has made uh incredibly important decisions in the last 12 months and we wouldn't be doing what we're doing today without those important decisions. We work in lock step and will continue to do so for a very uh long time.Um and uh that is a good thing for the government. It's a good thing uh for the country. Thank you. ...
Future of workforce: How tech's bets on AI will impact labor
CNBC Television· 2025-07-03 11:26
>> Welcome back to Squawk Box. This week Microsoft announcing it is laying off nearly 4% of its workforce as it tries to refocus more on AI. CNBC contributor Mikael Liberum is a Silicon Valley based journalist.She joins us live this morning. We've also got CNBC's Steve Kovach here at the Nasdaq. Is this the beginning.We got the jobs number later. So that actually sort of plays into this whole situation. Do we believe that AI is the reason.I think it's the excuse maybe. >> Not a reason. I look at like what M ...
Senate tax bill winners and losers: Here's what to know
CNBC Television· 2025-07-03 11:23
Welcome back to Squawkbox. House Democratic Leader Kim Jeff still speaking right now on the floor of the House. When he finishes, say if he finishes, but when he finishes, at some point it'll finish.Full vote expected on President Trump's mega bill. And the one and only Robert Frank is here live to break down the winners and losers of it all. Yeah, we don't know exactly what's in the final final bill because that's going to pass this morning.But assume given how quickly this is passed in the House. It's pro ...
Could digital twins – virtual replicas of humans or organs – accelerate medical research? 🏥
Google DeepMind· 2025-07-03 11:17
Digital twins is quite a big hot topic at the moment. Is there an idea of making a kind of digital twin of yourself for healthcare purposes. Yeah, we see that a lot and it can mean different things for different people.For the pharma industry, for example, where there's a lot of work trying to see how far we can go with clinical trials, if we manage to assemble uh virtual cohorts that are allowing us to in the end gain as much knowledge about the safety and efficacy of a drug, but without needing as many pe ...
The Fed really can't cut until they see solid evidence of weakening, says MetLife's Drew Matus
CNBC Television· 2025-07-03 11:12
Investors are watching the House of Representatives as it prepares to vote on President Trump's mega bill while also awaiting the June jobs report. Let's bring in Drew Mattis, head of the global economic and market strategy team at Metife Investment Management. Drew, great to have you with us.Um, first, because they're discussing it as we speak in Congress, the bill, how important is that to your overall market outlook for later this year in terms of getting those tax cuts extended. Well, without the tax cu ...
US-Vietnam Trade Deal Risks Irking China
Bloomberg Television· 2025-07-03 11:09
President Donald Trump says he has reached a trade deal with Vietnam following weeks of intense diplomacy between the two countries. This comes ahead of the July 9 deadline that would have seen much higher tariffs imposed on Vietnam's exports to the US. Under the deal, a 20% tariff will be placed on Vietnamese exports to the US with a 40% levy on any goods deemed to be trans shipped, meaning goods with components from other countries that are then rooted through Vietnam.That measure is likely directed at Ch ...
US Jobs Preview: What to Watch for in the June Report
Bloomberg Television· 2025-07-03 11:09
The numbers are expected to show some impact of trade and chaos in the fiscal space with just 106,000 as the forecast consensus, 95,000 for the whisper number. So Wall Street leaning towards pessimism. Unemployment 4.3%.This would be a case of rounding. When we look out to three digits because barely rounded down to four to last month and it could go as high as four four depending on where we end up. Jobless claims are out today as well, 241,000.That's about where we are right now. So if there's a big chang ...
'I intend to take my sweet time': Leader Jeffries RIPS Trump's megabill during final house vote
MSNBC· 2025-07-03 11:03
It had been my hope, Mr. . Speaker, that we'd be able to have a robust debate, passionate support or passionate opposition in connection with this bill that hundreds of members on both sides of the aisle could participate in. Instead, we have a limited debate where the relevant committees of jurisdiction have been given 15 minutes each on a bill of such significant magnitude as it relates to the health, the safety, and the well-being of the American people.And because that debate was so limited, I feel the ...
Starmer Says He Works 'In Lockstep' With UK Chancellor
Bloomberg Television· 2025-07-03 11:03
Many members of the public will be concerned about her. How is she today. And is she here simply to calm the markets. No, she's here because she's the chancellor.The plan that we are delivering today is only deliverable because she took the decisions that needed to be taken and allocated the money for this plan. And so that is why she's here today. And I'm very glad that she is.It's unwise. The politicians don't comment on markets and I'm not going to do so. Thank you.Do you worry that this is becoming too ...