Economy & Affordability - The report highlights conflicting views on the US economy, with President Trump giving himself an "A++" grade while data indicates energy prices have risen and overall inflation is up 3% year-over-year [2][4] - A recent NBC News poll shows 66% of Americans believe the Trump administration has underperformed on inflation and cost of living, while Gallup and Fox News polls indicate low approval and negative impact from the administration's economic policies [6] - Voters in Pennsylvania express frustration with rising prices and pessimism about politicians' ability to address them [12][13][14] - Gas prices are down from last year, but utility prices, rent, and car insurance are up, with overall inflation 3% higher than a year ago [17][18][19] - The White House blames Democrats for affordability issues, while Democrats accuse the Trump administration of lacking credibility on the economy [25][26][27][28][29][30] Healthcare - Senate Republicans are proposing to redirect Affordable Care Act (ACA) funding to Health Savings Accounts (HSAs), offering $1,000 per year for adults under 50 and $1,500 per year for adults over 50 not on Medicare [72][73] - Senate Democrats are pushing for a three-year extension of ACA subsidies, benefiting approximately 22 million Americans, but this is expected to fail [70][77] - Healthcare premiums are set to potentially double for over 20 million Americans next year [79] Foreign Policy & National Security - President Trump is critical of Europe, stating that "most European nations, they're they're decaying" [46] - The administration faces questions about the legality of US strikes against alleged drug cartel members in the Caribbean Sea [57][58] - A provision in the National Defense Authorization Act (NDAA) would reduce the Secretary of Defense's budget unless the full unedited video of military strikes on boats in the Caribbean is released [60] - The president is hinting at potential land strikes in Venezuela and other countries deemed to be bringing drugs into the United States [62][63][64] Political Strategy & Midterms - The Trump administration plans to campaign heavily in the lead-up to the midterms, focusing on mobilizing Trump voters [92] - Republican strategists express concern about turning out the base with Trump not on the ballot [90] - A Democratic candidate for Senate in South Carolina, Dr Annie Andrews, highlights Senator Lindsey Graham's low approval rating of 34% [119]

President Trump gives remarks on affordability at the Mount Airy Casino Resort in Mt. Pocono, PA » Subscribe to MS NOW: https://www.youtube.com/@msnow MS NOW is the go-to destination for domestic and international breaking news, and best-in-class opinion journalism. For more context and news coverage of the most important stories of our day click here: https://www.ms.now/ #trump #pennsylvania #affordability #inflation ...

Ahead of the president's address on the economy tonight, the White House is ramping up its blame on Democrats. Now, here's White House press secretary Caroline Levit earlier today. >> Well, the Democrats are the greatest con artists in American politics.They are pretending to champion the issue of affordability when they themselves created the worst inflation crisis in a generation. You can't create a problem and then turn around and say, "I'm the best person to fix it." No. That's why President Trump was r ...

joining us, Democratic Senator John Feder Fedterman of Pennsylvania. Senator, thank you very much for joining us. >> Oh, thanks for having me back.I offered and you you took me up on my offer. It's so great to be here. >> Well, the president is in Pennsylvania today.He's in your neck of the woods. Um, what do you make of what the governor said that that Pennians are not are no are no longer, excuse me, buying his BS. Uh well I I mean I I really missed what whatever he said but but for me it's like his first ...

Let's get you to Pennsylvania with MS now senior White House reporter Von Hillyard. And here in New York with us are political analysts, Republican strategist Susan Delp Persio and Democratic strategist Basil Michael. So Van, why that location.And why now. >> Why now. This is the first time he's going to have an event like this, a typical rally since going all the way back to July 3rd over the summer in Iowa.For the president, he has dug his heels in here and at least publicly is resisting the idea that the ...

>> THE DIRECTION OF TRAVEL, THINGS ARE GREAT. >> WE ARE ENTERING THIS PHASE OF AI APPLICATION. >> IT'S NOT A BUBBLE. IT'S A BOOM WITH A STRUCTURAL CHANGE. >> AI WILL CHANGE THE WORLD. WHO WILL BE THE WINNERS? >> YOU CAN LOOK AT EITHER SIDE OF THE COIN ON THE DATA OUT HERE. YOU COULD BE BULLISH OR BEARISH. >> THIS IS "BLOOMBERG SURVEILLANCE," WITH JONATHAN FERRO, LISA ABRAMOWICZ, ANNMARIE HORDERN. LISA: SOX RAGING BACK AS INTO'S YOU HAVE IS -- ENTHUSIASM IS CURVED OVER RATE CUTS. MACRO ANALYSIS GIVES WAY TO ...

All right, here's the question the audience wants to know this morning. I'm looking at mortgage rates for the 30 years, 6.36%. Does a Fed rate cut, does it finally bring the rates lower.Because we've seen cuts and the rates have actually moved higher. >> You know, I think people are expecting this cut. This will be the third one this year and I don't think it's going to make a dramatic difference.Could it eventually help a little bit, but it's not going to be anything substantial. So, I don't think it's any ...

President Donald Trump is headed to the Poconos for the first foray in a domestic travel push designed to address persistent voter frustration over inflation and affordability concerns https://t.co/Kc56cY8HZh ...

Inflation and Interest Rates - September PCE report showed inflation rose 28% year-over-year, the fastest pace since spring 2024 [1] - Tariffs impacted durable goods inflation, but overall inflation is expected to decrease from nearly 3% to around 2% next year [3][4] - The market anticipates the Fed will cut rates, but some dissenters suggest a more cautious approach [6] - Long-term yields are expected to remain around 4%, potentially rising to 45%, due to sticky inflation and supply issues [37] Economic Outlook - The US economy may experience a "code red affordability moment," particularly affecting lower-income individuals and young people [2][13] - Stimulus from tax cuts, the World Cup, and the US's 250th birthday could lead to a strong economic year [9] - Consumer spending remains strong, despite concerns about affordability [16][18] - AI is estimated to contribute about 25% to GDP growth, with AI-related capital expenditure representing approximately 15% of GDP [73][72] Market Dynamics - The market may broaden beyond the "Magnificent Seven" to focus on the "Impressive 493" stocks in the S&P 500, leveraging AI for productivity gains [21] - Bitcoin is primarily a trading vehicle influenced by technical factors rather than fundamentals, with stablecoins potentially replacing its transaction function [23][25] - The labor market shows signs of cooling, with increased layoff announcements and employers limiting headcount [89] - The Beige Book indicates cooler consumer spending and hiring, along with moderate price increases [87][91]

One thing she did want to talk about, Congress's failure to pass spending bills, meaning that she has found it hard to get funds for projects in her district. >> It's an utter failure, not just to the people in my district, but the every district across the country. >> We met Green, 51, in her district in Georgia.Before Congress, she ran her family's construction company, then opened up her own CrossFit gym. Affordability is a real issue. >> President says it's not. Says it's a hoax.Affordability. >> It's o ...