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Former Cleveland Fed Pres. Mester: The next Fed chair should be someone 'who's open to listening'
CNBC Television· 2025-08-13 13:29
CNBC is learning that the Trump administration now currently considering 11 individuals uh for the role as Fed chair. Those include three new names. And joining us right now to talk about those three new names and more, Larry Lindseay, by the way, Rick Reer, David Zeros, is former Cleveland Fed President Loretta Mester.She's an adjunct professor at finance at UPUP's Warden School, CNBC contributor. Want to also talk to you of course about uh inflation, the jobs market, BLS data, and so much more. But curiou ...
Europe Has to Help on Russia Sanctions, Bessent Says
Bloomberg Television· 2025-08-13 13:28
Geopolitical Strategy & Sanctions - The US President aims to end the war, believing it wouldn't have started under his leadership [1] - The US is frustrated with President Putin's lack of willingness to negotiate effectively [2] - Secondary tariffs were imposed on India for purchasing Russian oil, with potential for escalation [2] - All options are on the table regarding sanctions against Russia, including increasing, loosening, or setting a definitive lifespan [3] - The US is considering cracking down on the Russian shadow fleet of ships [4] - The US President will leverage all options with President Putin [3] International Cooperation & Leverage - European countries need to actively participate in sanctions against Russia, including secondary sanctions [4] - The US needs European support to create more leverage [6] - The US questioned European leaders' willingness to impose a 200% secondary tariff on China [5] - Germany's reluctance to act decisively is a long-standing issue [6]
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LIVE: Trump makes an announcement at the Kennedy Center | NBC News
NBC News· 2025-08-13 13:16
Watch live coverage as President Trump travels to the Kennedy Center in Washington, D.C., to make an announcement. For more context and news coverage of the most important stories of our day, click here: https://www.nbcnews.com » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC ...
The First Amendment is under attack as never before, book on separation of church and state argues
MSNBC· 2025-08-13 13:16
separation between church and state. They told me, I said, "All right, let's forget about that for one time." We said, "Uh, really the separation? I don't know. Is that a good thing or a bad thing? I'm not sure. But whether there's separation or not, you guys are in the White House where you should be and you're representing our country and we're bringing religion back to our country and uh it's a big deal." Was President Trump at the White House in May questioning the Constitution's separation of church an ...
Economic growth will be even better if rates are aligned with the fundamentals, says Joe Lavorgna
CNBC Television· 2025-08-13 13:15
>> Treasury Secretary Scott Bessent suggesting overnight that the fed should be open to cutting rates by 50 basis points at its next meeting in September. For more on rates, inflation, the economy, the latest trade developments, let's bring in Joe Lavorgna, counselor to Treasury Secretary Scott Boorstin. How.When did that happen. What's that. So you have an official capacity now.Can you speak freely. >> Yes, of course I always have, Joe. >> Kind of, but I don't. I don't know if you can speak totally freely. ...
Bessent Says Fed Chair Powell Could Be Replaced by Someone From the Private-Sector
Bloomberg Television· 2025-08-13 12:58
You get the opportunity to remake the Federal Reserve. The president gets the opportunity to remodel, reshape the Federal Reserve. And I'm not talking about the remodeling that maybe the chairman's gone through.We're talk about that another time when it's talk about the complexion and character of the committee, the changes that you're making at the moment. Stephen Morrow, let's start with Stephen. How quickly can you get Martin confirmed.Well, we'll see. The president has great sway with leader assume lead ...
Cava CEO Brett Schulman on Q2 results: Very excited about the long-term trajectory of the business
CNBC Television· 2025-08-13 12:54
great was a great, great kind of cloudy Washington, D. C. This morning, but a nice shot of the Capitol is down lower this morning after the fast casual chain reported second quarter revenue and same store sales that missed estimates, the company also trimming its sales outlook for the year as it tries to top last year's very strong numbers when it added grilled steak to the menu.And join us right now is Brett Shulman. He is the company's CEO and a bit of a brave soul. I give you lots of credit to come on TV ...
Tom Lee: CPI was better than expected — a rip off the Band-Aid moment
CNBC Television· 2025-08-13 12:51
Why don't we start off with the with the markets hitting new record highs once again after that CPI report that in all honesty it was kind of mixed. Uh you know headline was better than expected core was just slightly hotter than expected. What's your take on that.Well I think it was it's just a reflection of the fact that the market was bracing for a hot CPI knowing that not only was the Fed but economists were warning that we'd start to see inflation coming through uh in the July CPI report. So, I think i ...
Trump considering 11 candidates for Fed chair, including David Zervos and Rick Rieder: Sources
CNBC Television· 2025-08-13 12:46
app discovery for users and visibility for developers. >> We want to get over to Steve Liesman, who's at the table. He's got a bit of news on the list of possible fed picks.What have you got for us. >> Good morning Andrew. CNBC has learned the Trump administration currently considering now 11 individuals, including three names that have previously not been disclosed, to replace Fed Chair Jay Powell when his term expires in May, according to two administration officials.The three new names include. Jefferies ...