WELCOME TO MEET THE PRESS NOW, I'M MELANIE ZANONA IN WASHINGTON, WHERE THE PRESIDENT IS LASHING OUT AT THE SUPREME COURT, THREATENING TO USE HIS POWER TO DESTROY ECONOMIC RIVALS AND VOWING A GLOBAL TARIFF IN RESPONSE TO THE SUPREME COURT TODAY DEALING A SERIOUS BLOW TO HIS SIGNATURE ECONOMIC POLICY, STRIKING DOWN MOST OF THE TARIFFS THAT HIS ADMINISTRATION HAS IMPOSED. THE RULING RAISING MANY QUESTIONS ABOUT WHAT COMES NEXT FOR THE WHITE HOUSE'S ECONOMIC AGENDA, AND ALSO WHAT HAPPENS TO THE BILLIONS OF DOLL ...

Welcome to Meet the Press Now. I'm Melanie Zona in Washington where the president is lashing out at the Supreme Court, threatening to use his power to destroy economic rivals and vowing a global tariff in response to the Supreme Court today dealing a serious blow to his signature economic policy, striking down most of the tariffs that his administration has imposed. The ruling raising many questions about what comes next for the White House's economic agenda and also what happens to the billions of dollars ...

Hello everyone. Treasury Secretary Scott Besset has revealed his master plan for the US economy. People are up in arms over the Greenland controversy and the New York Stock Exchange. The big dogs, they just announced a new platform that proves crypto is winning. We're live today from the desk of Anthony Pompiano. Before [Music] we get into today's episode, I need your help. We currently have 42,000 subscribers on YouTube, but my goal is 1 million. Hit the subscribe button and let's get into today's show. No ...

Core Insights - Global fund managers exhibit the highest level of bullish sentiment since July 2021, as indicated by Bank of America's December Global Fund Manager Survey, with optimism about the economic outlook at multi-year highs and cash levels at record lows [3][5] - The Bull & Bear Indicator from BofA has risen to 7.9, nearing a "sell signal," suggesting that current investor positioning may lead to caution despite the prevailing optimism [3][8] Investor Sentiment - Professional money managers are more optimistic about the stock market than they have been in years, which could be a cause for caution [2] - Investor sentiment plays a crucial role in how the stock market reacts to economic data, policy decisions, and corporate news, with excessive optimism potentially leading to overlooked warning signs [4] Positioning and Cash Levels - Fund managers' cash levels are at a record low of 3.3%, indicating a strong preference for stocks and commodities, reflecting heightened risk appetite [5] - Current positioning is described as extremely bullish, with investors more overweight in stocks and commodities than at any point since February 2022 [5] Corporate Profit Expectations - Nearly two-thirds of surveyed investors anticipate an increase in global earnings over the next year, the highest proportion since August 2021, with a FactSet analysis projecting full-year 2025 earnings growth above 12% [6] - Only 3% of respondents expect a recession in the global economy over the next year, indicating strong confidence in corporate profitability [6] Policy Environment - The Federal Reserve recently cut interest rates for the third time this year, aiming to support a weakening labor market, which may influence future rate cuts [7] - The tax bill signed into law in July is expected to contribute to economic growth in the coming year, further supporting the positive outlook [7]

Economic & Social Welfare Analysis - The report from WSJopinion suggests that Europe's generous social-welfare states pose the biggest threat to its well-being [1] - These social-welfare states are creating cascading fiscal, economic, and social ills in Europe [1] Political Commentary - The Trump diagnosis is considered to be ignoring the primary threat to Europe [1]

From @WSJopinion: The Trump diagnosis ignores the biggest threat to Europe’s well-being. That is Europe’s generous social-welfare states and the cascading fiscal, economic and social ills they create.https://t.co/bf1bPff0oV ...

Economic Policy & Affordability Crisis - The report highlights a debate around the affordability crisis, with accusations that previous administrations caused the problem and claims of current efforts to fix it [2] - Pennsylvania's governor argues that federal economic policies, specifically tariffs, counteract state-level efforts to improve affordability and create jobs [8][9] - The governor claims that federal actions are leading to potential losses of healthcare coverage (150,000 people off Affordable Care Act, 310,000 off Medicaid) and food assistance (140,000 off SNAP) for Pennsylvanians [16] - The report suggests that rising costs are impacting people's ability to afford basic necessities like groceries, housing, and healthcare [3][11][19] Pennsylvania's Economic Performance - Pennsylvania is described as the only northeastern state with a growing economy [5][6] - The state has secured over $316 billion in private sector investments and created over 16,700 jobs since the start of the current administration [5] - The governor mentions multiple tax cuts implemented in Pennsylvania, including an earned income tax credit aimed at benefiting 940,000 Pennsylvanians [7] Political Implications - The report frames the discussion around affordability as a political issue, with accusations and counter-accusations between different political figures [1][3] - Pennsylvania is identified as a crucial swing state, making it a key focus for political visits and economic policy debates [20] - The report questions whether the president can articulate a plan to reduce costs for the American people and stay on message [20]

Economic Sentiment - Voters' views of the economy have worsened, with 76% rating national economic conditions as "not so good" or "poor" [1] - 60% of voters rated their personal financial situations as "not good" or "poor" [2] - A majority of 61% disapprove of President Trump's handling of the economy, with only 38% expressing approval [2] Responsibility for Economic Conditions - A nearly two-to-one majority (62% to 32%) of voters believe Trump is more responsible for the current economy than Biden [5] - Democrats are significantly more likely to blame Trump compared to Republicans, with a 40-point difference [5] Economic Policy Impact - By a 31-point margin, more voters believe Trump's policies have hurt rather than helped them, similar to sentiments towards Biden's policies at the end of his term [7] - Voters are critical of tariffs, with 63% disapproving of the Trump administration's handling of them [10] Inflation and Cost of Living - A majority of 52% believe inflation is "not at all" under control, with only 18% saying it is completely or mostly under control [10] - Grocery costs are a significant concern, with 85% reporting increases compared to the previous year [11] - Utility bills and healthcare costs have risen for 78% and 67% of voters, respectively, while two-thirds reported increased housing costs [14] Gas Prices - Voters reported some relief in gas prices, with 54% indicating price increases and 30% noting decreases [14]

Legal & Political Landscape - The Supreme Court is hearing arguments on President Trump's use of emergency powers to enact tariffs, testing the limits of executive authority [1] - The core issue is whether a trade deficit constitutes a national emergency, justifying the president's unilateral imposition of tariffs [1] - Small businesses argue the tariffs are a national emergency for them, leading to a separation of powers issue [1] - Some members of Congress have expressed discomfort with the White House's unilateral trade policies [1] - The court's decision, potentially arriving in late June or early July, could significantly impact the president's economic agenda [5] Economic Implications - The case has major implications for America's economic policy, particularly regarding trade relations and consumer costs [1][3] - Other countries must abide by trade levels set by the US, impacting their relations [2] - Consumers are affected by the tariffs, influencing the origin and price of goods [3] - Existing tariffs, such as 10% or 15%, are under scrutiny [2]

Economic policy is the only credible explanation for copper’s price surge. Donald Trump’s trade barbs have warped the markets https://t.co/8jnV7fqP0M ...