US Economic Policy & Federal Reserve - The meeting between President Trump and Fed Chairman Jerome Powell at the Federal Reserve was a rare occurrence, highlighting the ongoing pressure from the White House on the Fed [4][6][7][8] - President Trump criticized the Federal Reserve's building renovations, claiming the cost had risen from 2.7% to 3.1% billion, which Powell fact-checked in real time [1][2][9] - The President's team has been focusing on the Federal Reserve renovation budget overruns, which started in 2017, as a line of attack [9] - There's a shift in the administration's messaging, with less emphasis on firing Jerome Powell and more focus on his successor, potentially indicating a more sober approach [12][14] Trade Agreements & Economic Data - The US administration aims to finalize trade agreements with the EU and India before the August 1st deadline [16][17] - Key economic data, including GDP and jobs data, will be released next week, providing insights into the impact of the trade war on the US economy [18] - The political fallout from the trade war and the reaction to the President's strategic approach are being closely monitored [19][20]

President Trump making a rare visit to the Federal Reserve, generating a few awkward moments with Chairman Jay Powell. The president said ahead of the ahead of time that he was visiting to check out the central bank's ongoing renovation project. Uh President Trump has also been publicly pressuring the Fed to cut interest rates.Trump appeared at the site in a hard hat next to Powell. There was a moment of awkwardness as the two men went back and forth about the cost of that construction. You're including the ...

Monetary Policy & Economic Outlook - President Trump pressured the Fed Chair to cut interest rates, an extraordinary scene in the Fed building [3][4] - Markets are repricing expectations to fewer than two rate cuts by the Fed [8] - The Fed is expected to remain independent and will do what it needs to do, regardless of political pressure [9][10] - Inflation forecasts are expected to remain under 2% for the next 18 months [14] Trade & Tariffs - A 15% tariff deal would basically mean trade shuts down [12] - Volkswagen expects around 15% tariff levels from EU talks [75] - Investors believe tariffs between 10% and 20% are manageable for the luxury sector [85] Company Performance & Market Dynamics - Volkswagen cut its outlook for the year due to US tariffs weighing on Audi and Porsche brands [22] - German business confidence rose to 89.6 in July, up from 88.4 [34] - LVMH's luxury product sales slumped in China and Japan, but the market is calling the trough [76][77] Geopolitical Issues - France will recognize Palestinian statehood in September, adding pressure on Israel [41][43] - Negotiations for a ceasefire between Hamas and Israel have broken down [44] Artificial Intelligence in Healthcare - An AI startup received $150 million in financing, bringing total funding to $370 million, to speed up the development of a model that will help physicians with clinical decisions [61] - The AI model aims to cover practically every relevant disease within three years to support physicians in their care delivery [64] - The AI technology analyzes 45 million patients a year, deploying over 2000 hospitals [65]

Donald Trump has downplayed his clash with Federal Reserve Chairman Jerome Powell over cost overruns during a tour of the central bank's renovation project.Get the latest on this with the Daybreak Europe Podcast https://t.co/aMWWS54hUW ...

It is time for money power politics and the president is once again escalating his fight with the Federal Reserve Chair Jerome Powell. The president and several of his allies put their hard hats on and visited the central bank today to survey the headquarters renovation they say has gone way overtime and way over budget. But that visit took a sharp turn when the president and Fed Chair Powell began to publicly spar over the project going over budget.Watch this. It looks like it's about 3.1% billion. It went ...

We're taking a look and uh it looks like it's about 3.1% billion. It went up a little bit or a lot. Uh so the 2.7% is now 3.1%.An extraordinary scene unfolded at the construction site of the Federal Reserve when President Trump made a lastminute visit to join White House officials in touring the construction site. and he used it as an opportunity to put additional public pressure on Fed chair Jerome Powell to lower interest rates and potentially even push for his removal. There was an awkward exchange that ...

We're taking a look and uh it looks like it's about 3.1% billion. Went up a little bit or a lot. Uh so the 2.7% is now 3.1%.>> I'm not aware of that. >> Yeah, it just came out. >> Yeah.I haven't heard that from anybody at the Fed. >> It just came out. >> This came from us.>> Yes. I don't know who does that. >> You're including the Martin renovation.You just added >> our entire capital. You just you just added in a third building is what that is. That's a third building. >> It's a building that's being built ...

If you remember, not so long ago, we rebuilt the old post office into the Trump Hotel and we sold it to Waldorf Histori and it was a great success and we had great luck with the building. We did a good job. We built it quickly and relatively inexpensively for about $200 million and that was a big hotel, big big project.But, uh, we looked around and Tim Scott's here someplace. Tim, come on up. I just uh you saw what we saw and the big thing is to get it done. They have to get it done. They have to get it fin ...

Donald Trump downplayed jostling with Federal Reserve Chairman Jerome Powell over cost overruns during a tour of the central bank’s renovation projectBut the remarkable tour still saw the president joke that he might ordinarily fire a project manager who oversaw similar cost overruns https://t.co/fccxBP9ssG ...

President Trump toured the construction site that will be the new Federal Reserve building on Thursday and used the visit to again push for lower interest rates https://t.co/fwOiVw4uIW https://t.co/OQAFShIDx1 ...