Workflow
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 ...
Building collapses into river in southern China
NBC News· 2025-07-03 10:53
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Trump’s megabill heads to final vote after Republican divisions nearly derail it
CNBC Television· 2025-07-03 10:50
House Republicans moving President Trump's tax and spending bill one step closer to the finish line in a marathon session overnight. Emily Wilkins joins us now with the very latest. Emily.Hey Melissa. Yeah, I mean that Trump mega bill, it could pass the House in the next hour after Speaker Mike Johnson and his team again up all night putting the pressure on roughly a dozen holdouts to back the bill. And they got everyone to yes.All but one Republican voted just a few hours ago to advance the bill on a proce ...
Reeves: Commitment to Fiscal Rules Can Boost Investment
Bloomberg Television· 2025-07-03 10:48
I want to be clear. We are spending money on taxpayers priorities. But that wouldn't have been possible without the measures that we took in the budget last year.We fixed the foundations and we've put our economy back on a strong footing. Our commitment to the fiscal rules has meant that we can boost investments in our public services. The work that we've already done means that we have recruited 1700 new GP's.We've cut waiting lists and we've delivered 4 million extra appointments in under a year. That's t ...
'A complete slap in the face': House Democrat rips Trump spending bill
MSNBC· 2025-07-03 10:06
Joining us now straight from the House floor, Democratic Congressman Morgan McGarvey of Kentucky. He's a member of the House Budget Committee. You've already had a long night and I know that we're sort of on the clock for whenever Hakee Jeff stops speaking and this actual vote goes on, but take us inside the mood on the floor right now among Democrats and if there's any conversation with Republicans between the parties. Democrats are still fighting and obviously we're frustrated. This matters to us. This is ...
'Rip food from the mouths of hungry children': Leader Jeffries rips bill during House debate
MSNBC· 2025-07-03 10:04
Good morning and welcome to Way Too Early on this Thursday, July 3rd. We're going to start with some breaking news. You're seeing live pictures there from the House floor on Capitol Hill where congressional Republicans are pushing toward a final vote on President Trump's sweeping domestic policy bill.You see Hakee Jeff there railing against it. But amid an all night session, the chamber voted 219 to 213 to adopt a rule governing debate on the legislation that opens up discussion and then tease up a final vo ...