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Treasury Secretary Scott Bessent: I expect we'll get a bill vote around 1;30pm today
CNBC Television· 2025-07-03 16:45
The so-called big beautiful bill facing a final house approval vote in the coming hours. Joining us now is Treasury Secretary Scott Bessant. Mr.. Secretary, thank you so much for joining us. We're we're going on more than six hours now where Minority Leader Jeff is speaking. What What are you hearing.What's your expectation for when and whether this could pass. Well, it's going it's going to going to pass and my expectation is that we'll get a vote around 1:30 today. Got it.You have said that this isn't a d ...
Goldman Sachs' Jan Hatzius: Jobs headline numbers overstate strength of report
CNBC Television· 2025-07-03 15:35
Goldman Sachs global chief economist Yan Hatius joins us with his first take on the report looks good from the headlines but as I highlighted earlier beneath the surface you know where the job growth was concentrated why the unemployment rate came down wasn't all that great what do you think true it overstates the strength of the report if you just look at the headline numbers I think on the establishment survey the private sector was pretty soft and the big headline number was really driven by increas piec ...
Miran Says Jobs Report Shows US Economy Normalizing
Bloomberg Television· 2025-07-03 13:49
When we see such a positive jobs report, 147,000 jobs and a lower unemployment level, what is this. What is driving this. Good morning.Thanks for having me. Look, you know, as you said a moment ago, you know, this report was better than 78 out of the 79 forecasts that came into into the Bloomberg consensus range, the Bloomberg forecast. And so what we see is an economy that continues to defy it, continues to defy expectations, continues to defy, you know, all the doom and gloom that's out there, whether it' ...
How Wall Street is reacting to Trump's spending bill
MSNBC· 2025-07-03 12:42
Turn now to CNBC's Dom Chu for more on the economic impact of this bill. U Dom with news that it looks like this bill will pass a short time from now. How are markets reacting.What does Wall Street think about the impact here. So that's the lens that we're looking at all of this through Willie and to be fair, we've been watching it happen over the course of the last several weeks because the market does become for for whatever it is a kind of handicapping or discounting mechanism for everything that's devel ...
Teeter: The bill’s biggest impact is removing uncertainty and setting the rules
CNBC Television· 2025-07-03 12:06
Are there going to be marketked market implications given what we already know about the big beautiful bill. There certainly will. I think the biggest one will be removing some uncertainty.So I think it's been pretty consensus that the bill would get through. I think that's why you're seeing a little bit of a muted reaction this morning. Um I think most corners will will be breathe a sigh of relief.And the main thing is we set the playing field for the second half of the year. So we'll know what the legisla ...
X @Bloomberg
Bloomberg· 2025-07-03 09:58
Vietnam’s economy likely expanded at a faster clip of 7.67% year-on-year in the second quarter, driven by manufacturing and trade https://t.co/mzcL3s1O57 ...
X @Bloomberg
Bloomberg· 2025-07-02 14:01
US stocks were flat, erasing pre-market losses after a report showing an unexpected decline in employment raised concerns of slowing economic growth https://t.co/Cp9RKrsrES ...
Former World Bank President David Malpass: The Fed has the rates too high
CNBC Television· 2025-07-02 12:34
Fed chair Jay Powell said yesterday that President Trump's tariffs had lifted inflation forecasts and were keeping rates on hold. Joining us now for more on the Fed and the US economy, David Malpass, former World Bank president and now distinguished fellow of international finance and inaugural fellow of global business and infrastructure at Purdue's Business School. David, great to have you with us. Hi Melissa, good to be on. Um, where do you think rates would be had it not been for the tariffs? Would we b ...
Starmer Drops Flagship Welfare Reforms to Avoid Defeat
Bloomberg Television· 2025-07-02 06:22
Lizzy, how weakened is the UK Prime Minister now. Well, Tom Keir Starmer faced an ugly choice, didn't he, before this vote. On the one hand, he could have lost a key vote, as you say, and it's not one that he should have struggled to pass.Theoretically, given he's got this huge, historic 165 MP majority. His other choice, though, was to make a U-turn. And it was on this bill, this welfare reform bill, and particularly the contentious part was restricting benefit payments to some disabled people from next ye ...
X @Bloomberg
Bloomberg· 2025-07-02 06:16
Kenya needs to tackle graft that’s draining the nation’s finances and undermining economic growth, according to the African Development Bank https://t.co/YO50QQz2KQ ...