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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 ...
Trump's budget bill will sharply raise debt as a percentage of GDP, says Rebecca Patterson
CNBC Television· 2025-07-01 21:56
Our next guest says the budget bill could push the dollar even lower after its worst start to the year since 1973. Let's bring in former Bridgewater chief strategist Rebecca Patterson. Rebecca, great to see you. Great to have you on the show.Um, in addition to the spending bill, there are other factors why you see a weaker dollar going forward. Yeah. Well, let's start with the spending bill.you know, the we're not at the finish line as as we just heard. But if we get a bill something like what we're seeing ...
X @The Economist
The Economist· 2025-07-01 17:32
Forecasts suggest that the bill would widen America’s budget deficit, slow long-term economic growth and hurt the poor. Our charts show by how much https://t.co/3u9XaOlKEG ...
NEC Director Kevin Hassett: This bill will bring the biggest tax cut and spending cut in history
CNBC Television· 2025-06-30 17:45
Oh, I 100% disagree with those numbers. You remember that in the House bill, there were a bunch of things that were temporary uh that were there for the first four or five years, but then looked like they raised money in the out years, but of course, a big tax hike in the fifth year is going to cause a recession to reduce uh growth and and increase the deficit. Uh the number that I think is the best number to think about when you're looking at that 3.3% trillion is that if we get 3% growth instead of 1.8% 8 ...
The markets are telling us a message of growth and optimism, says Joe Lavorgna
CNBC Television· 2025-06-30 13:26
President Trump expecting to see his long-awaited reconciliation bill on his desk by this Friday. Joining us right now is Joe Leavia. He's counselor to Treasury Secretary Scott Bessant.Good morning to you. Morning, Andrew. We are getting closer.We have a what do they call it. A voterama taking place uh today. What do you think has to happen to I mean we've had a couple of different people even on the show this morning who said there's still some other reconciliation issues that really have to take place bef ...
X @Bloomberg
Bloomberg· 2025-06-30 13:06
India’s central bank says the country remains a key driver of global economic growth as domestic inflation continues to align with its target https://t.co/2BNzPIBFus ...