In the long run, tariffs, as long as it's just a one-off circumstance, are deflationary, not inflationary. So, you're just saying because of simple math. In other words, because tariffs push up prices, and then if you look a year out, you will not see those price increases persist.That's correct. I guess the concern is that they'll make their way through the system, be more persistent, and unanchor inflation expectations, right. And that that could have a persistent inflationary effect.I will not take excep ...

Joining us now, Punch Bull News co-founder and MSNBC political contributor Jake Sherman, managing editor of The Bull Work and MSNBC contributor Sam Stein, and independent journalist Phil Bump, the man with all the numbers. Jake, um I'm going to begin with you because I I ended there with the separation of powers. And the one thing that the founders foresaw is that if one of the branches overshot their authority, if they went too far, the other branches would come in and adjust it.they would have leverage ov ...

I think uh uh the the committee put their uh rate cut program on pause when the tariff situation arose uh six months ago and now you have six months of evidence. Uh I don't really think tariffs cause inflation. Taxes don't cause inflation.And so what you're seeing in the data is very muted effects uh that are one-time increases in the price level. And so you're not really seeing anything. And the committee's coming around to the view, I think, that this is probably a one-time increase in the price level and ...

For more on where stocks are heading from here, let's welcome in Warren Pies. He's the co-founder of 314 Research. Good to see you. >> Good to be here.>> You downgraded equities in July. >> That's correct. >> Yeah.I mean to be uh to give us a little bit of slack, we upgraded. We were overweight through it from May. Last time I was here, I was pretty bullish in May and we went down to benchmark weight.And so we just told our clients, look, if you've been following us, then you're ahead on the year. You're be ...

Hey everyone, and thanks for jumping back into the cryptoverse. Today we're going to talk about Ethereum as it appears set to target new all-time highs. If you guys like the content, make sure you subscribe to the channel, give the video a thumbs up, and also check out the sale on Into the Cryptoverse Premium at into the cryptoverse.com. Link is in the description below where you can follow along more closely. Ethereum continues to show strength.And again, this shows you the power of Ethereum after it goes ...

The suspect right now is facing capital murder charges for a deadly shooting in a Target parking lot. Three people, including a four-year-old girl were killed on Monday in Austin, Texas. Police say it started when the suspect randomly attacked a Target worker who was collecting shopping carts.Police also say the suspect has a history of mental health issues, but did not elaborate. NBC News correspondent Priscilla Thompson joining us now live from Austin. Priscilla, we just got an update from police a short ...

Joining us now, former chief economist of the US Department of Labor, Betsy Stevenson, Financial Times columnist and head of King's College, Cambridge, Jillian Tet, and Phil Bump, who is still with us. Betsy, when EJ Antony says our own person or or you know repeats Steve Bannon wanting our own person in charge of BLS, in charge of the jobs numbers, in charge of this economic data, what does that suggest to you. a bad idea. It suggests a very bad idea.Look, we're not supposed to have our own person. We're s ...

From their early days on the Disney Channel to dancing with Missy Elliot, child actor, author, and advocate Alyson Stoner reveals the hidden costs of a career in entertainment. On this episode of Living Not So Fabulously, Stoner says publicist retainers, glam teams, and voice lessons often outweigh earnings. They expose the illusion of celebrity wealth, the industry’s reliance on unpaid labor and the exploitation of young performers. Stoner’s personal stories of financial pressure and money myths shine a li ...

The July inflation numbers show that tariffs are beginning to feed through to consumer prices, but not in an alarming or terrifying way. The consumer price index held steady in July. It was up 2.7% from a year ago, and it's about what economists had expected.Core prices, which strips out volatile food and energy items, that rose to 3.1%. It was a little bit higher than overall inflation. What we've seen over the past couple years is that inflation has been gradually coming down.And that was the case up unti ...

To cut or not to cut, that is the question. The market seems to have made its call. Is it right.Let's ask Robert Kaplan. He's the former Dallas Fed president, vice chairman at Goldman Sachs, and he is here at Post Nights. Nice to see you. >> Good to see you.>> I noted you avoided the incoming today in the uh presidential missive at Goldman Sachs. Congratulations. He wants cuts.He's made that clear. Rick Reer sat with me not 15 20 minutes ago and said Fed should cut. Way too restrictive.You don't sound like ...