It appears President Trump was up late last night watching election results. In a flurry of rambling social media posts, he weighed in on why Republicans lost across the board. Just after 10 p.m. Eastern, Trump offered this excuse for the sweeping nationwide GOP losses, writing, quote, "Trump wasn't on the ballot and shutdown were the two reasons that Republicans lost elections tonight. " About an hour later, he posted again calling for the passage of so-called voter reform, pushing for voter ID laws, endin ...

All right. I think the question is, do you think the prediction markets are getting this right. There's about a 40% chance or so of the president uh having a ruling in his favor.>> Yeah. You know, I think this case is a close calling. It's going to be a fascinating day tomorrow.Um I think the I think the markets the the prediction markets are underestimating the chances that the Trump administration wins. It's clearly not 100%. I wouldn't go there, but I think it's above that 5050 mark and they have it real ...

All right. I think the question is, do you think the prediction markets are getting this right. There's about a 40% chance or so of the president uh having a ruling in his favor.>> Yeah. You know, I think this case is a close calling. It's going to be a fascinating day tomorrow.Um I think the I think the markets the the prediction markets are underestimating the chances that the Trump administration wins. It's clearly not 100%. I wouldn't go there, but I think it's above that 5050 mark and they have it real ...

At least we'll get something. Fed blackout period, no economic data. We'll turn our attention now to Washington where President Trump is set to host the Australian Prime Minister this hour.Access to rare earths expected to be a key issue. Aean Jabber in Washington with the latest. Morning Aean. >> Yeah, good morning Sarah.We are waiting the arrival of the Australian Prime Minister Anthony Albani here at the White House. The honor guard, as you can see behind me, uh is lined up and ready to welcome him here. ...

At least we'll get something. Fed blackout period, no economic data. We'll turn our attention now to Washington where President Trump is set to host the Australian Prime Minister this hour.Access to rare earths expected to be a key issue. Aean Jabber in Washington with the latest. Morning Aean. >> Yeah, good morning Sarah.We are waiting the arrival of the Australian Prime Minister Anthony Albani here at the White House. The honor guard, as you can see behind me, uh is lined up and ready to welcome him here. ...

The two leaders. They're going to be talking about trade deals, three day visit. It starts really in earnest tomorrow, doesn't it.But President Trump will be arriving in the U.K. tonight. Well, that's right. So it really does start tonight because as soon as Donald Trump lands, he tends to start talking.So be interesting to see what's on his mind when he does, whether it's U.K. affairs and the relationship with the U.K. trade, investment and so on, or whether it's matters further afield. As you were noting, ...

Company Overview - General Motors (GM) participated in the J.P. Morgan Auto Conference 2025, with Paul A. Jacobson, Executive Vice President and Chief Financial Officer, representing the company [1][2]. Financial Performance - In July, GM's performance was generally in line with expectations, particularly regarding pricing strategies. There was a slight uptick in industry incentive levels, although GM's incentives were down [4]. - The company noted a pull ahead in electric vehicle (EV) sales as consumers aimed to purchase before the elimination of the $7,500 consumer tax credit on October 1 [4]. Industry Context - GM acknowledged progress in trade deals, particularly with Korea, which is considered one of the important markets for the company [5].

Summary of General Motors Conference Call Company Overview - **Company**: General Motors (GM) - **Industry**: Automotive Key Points and Arguments Financial Performance and Expectations - GM's performance in July was generally in line with expectations, with a slight uptick in industry incentive levels while GM's incentives were down [2][3] - The company anticipates a significant impact from tariffs in 2025, estimating a gross headwind of $4 billion to $5 billion, but expects to generate $7.5 billion to $10 billion in free cash flow [7][16] - GM is committed to achieving an 8% to 10% margin level in North America and is making progress towards this goal [6][14] Tariff and Trade Deal Implications - The administration's trade deals, particularly with Korea, could lead to hundreds of millions in savings on tariffs by 2025 [4][5] - GM is focused on a three-pillar strategy to offset tariff impacts: go-to-market initiatives, manufacturing footprint changes, and fixed cost reductions [10][11] - The company has seen a reduction in the cost of tariffs as a percentage of retail price, now tracking in the mid-single digits [9] Electric Vehicle (EV) Market Dynamics - There is a pull ahead in EV sales due to the impending elimination of the $7,500 consumer tax credit [3] - The regulatory landscape for EVs is complex, with potential headwinds from the expiration of tax credits and penalties for noncompliance with greenhouse gas regulations [34][36] - GM believes that the elimination of GHG penalties could lead to a more rational market for EVs, reducing irrational pricing behavior [39] Manufacturing and Capacity Investments - GM announced a $4 billion investment to increase U.S. vehicle production capacity by nearly 2 million units, which includes full-size SUV production [13][28] - The company is focused on maintaining discipline in production and avoiding overbuilding, which could lead to inventory issues in future economic cycles [31][32] Market Share and Competitive Position - GM has gained market share in China, with a 20% year-over-year sales increase driven by battery electric and plug-in hybrid vehicles [49][50] - The company is confident in its product portfolio and expects to outperform the industry by 1% to 2% over the next couple of years [59][60] Software and Services Revenue - GM has a deferred revenue balance of $4 billion, which is expected to grow significantly as subscriptions for services like Super Cruise are recognized [64][65] - The company is focused on improving margins through software services, which are expected to contribute positively to overall profitability [63] Future Outlook - GM is optimistic about its ability to navigate the current challenges and is preparing for a budget process for 2026 amidst ongoing trade negotiations [20][27] - The company is committed to evolving its autonomous vehicle technology and improving personal autonomy features in its vehicles [70][72] Additional Important Insights - GM's approach to managing unforeseen challenges, such as the pandemic and semiconductor shortages, reflects a more resilient and flexible operational strategy compared to historical practices [7][8] - The company emphasizes the importance of maintaining a strong vehicle portfolio and competitive pricing strategies to drive future growth [61][62]

President Trump has insisted that he doesn't chicken out when it comes to enforcing his tariffs, telling reporters earlier this summer, quote, "It's called negotiation." Well, despite that, with a deadline to impose new tariffs on China at midnight, Trump was waffling again this morning. >> We'll see what happens. They've been dealing quite nicely.The relationship is very good with President with President Xi and myself. Well, just hours later, Donald Trump folded, extending the deadline for China tariffs f ...

Tariffs' Impact on Consumers and Economy - Yell's Budget Lab estimates tariffs will cost a typical household an average of $2,400 this year [1] - Tariffs are expected to increase prices on goods with low margins, such as fish, olive oil, meat, and cheeses, especially those not produced in the US like bananas and Brazilian coffee [3] - The market is reacting to headlines about the impact of tariffs, with potential effects on GDP, jobs, and inflation [23][24][25] - A CNBC survey indicates that 37% to 60% of Americans are concerned that inflation is rising faster than their incomes [20] - The same CNBC survey shows that 45% to 51% of Americans view tariffs negatively, believing they hurt workers and raise prices [21] Trade Negotiations and Deals - The administration initially promised 90 trade deals in 90 days, but many deals are still outstanding [7] - Countries like Brazil and potentially India face high tariffs of 50%, and negotiations are expected to continue [8] - The Treasury Secretary stated the goal is to rebalance trade in America's favor and bring back high precision manufacturing jobs [9][10] - Multiple outlets report that both sides sometimes interpret trade deals in different ways, and negotiations with major trading partners like China and Mexico are ongoing [18] Apple's Investment and Tariff Influence - Apple announced a $100 billion investment, totaling $600 billion over several months, which the administration touts as proof that tariffs are working to bring back manufacturing to the US [10] - Apple's gifts and investments are seen as currying favor to potentially lessen tariffs on Apple products [15][16] - It's questioned whether Tim Cook can realistically bring all manufacturing back to the United States [13] Legal and Political Considerations - The administration acknowledges the potential for courts to strike down the tariff policy [11] - The President's economic approval rating is underwater, and lower than his overall approval rating, a shift from his first term [22]