[Music] Hello and welcome to Market Domination. I'm Josh Lipton live from our NYC headquarters. There's more economic pressure coming from the White House and President Trump's global trade war with an announcement of fresh tariffs on goods from Japan and South Korea.Plus, the United States is close to finalizing several trade packs. So, we'll notify the other countries of higher tariff plates by July 9th. And investors are reacting.There's just one hour to go until the closing bell. And right now, stocks a ...

Global Trade Dynamics - Tariffs and trade-war maneuvers are rewiring supply chains worldwide [1] - Discussion includes 145% "Liberation Day" duties and $5,000 per container costs [1] - The death of the de minimis loophole impacts Amazon, Temu, and Shein [1] - The Panama Canal drought is affecting global trade [1] Technology & Automation - AI robocalls 400,000 truckers [1] - Warehouse-robot reality checks are being discussed [1] Legal & Compliance - Customs fraud is now the DOJ's No 2 white-collar priority [1]

Geopolitical Landscape - The report highlights the decline of US influence and the rise of China, exemplified by Ford's abandonment of a plant in Brazil and BYD's subsequent modernization to produce electric cars [1] - BRICS aims to rival the US-led G7, advocating for a multipolar world with multiple centers of geopolitical influence [2][3] - The trade war initiated by the US has inadvertently strengthened solidarity among BRICS nations, positioning them as a counterforce [2] - Russia's interest in expanding BRICS membership is partly driven by its desire to offset diplomatic isolation following 2022 [8] Economic Growth and Influence - BRICS surpassed the G7 in global GDP (by purchasing power parity) in 2019, and with the expanded lineup, its share is nearly 40% [7] - Trade among the original five BRICS members rose 40% to over 700 billion from 2021 to 2024, partly due to sanctions imposed on Russia [9] - China's influence within BRICS is significant, using the bloc to enhance its economic and political power globally [10][11] Challenges and Opportunities - Trade relationships within BRICS are less developed compared to blocs like the EU, as BRICS is not a formal trading bloc [13] - Tensions among BRICS members hinder the formation of a completely united front, although the New Development Bank represents a successful collaborative effort [14] - BRICS countries support reduced trade in US dollars to diminish Western economic dominance [10]

Trump's trade war has thrown American businesses that deal with China into chaos.Listen to the Big Take Asia Podcast to find out how one toymaker is challenging the president's tariffs in the courts https://t.co/EdZVB3uV8R https://t.co/PjmjvXuOmq ...

Welcome to Inside. President Trump says the U.S. has reached a trade deal with Vietnam, giving full market access to American companies while slapping a 20% tariff on all Vietnamese imports. This deal would be the third following framework agreements with the UK and China ahead of Trump's July nine deadline.For more details on the deal, let's bring in Vietnam Bureau Chief Francesca Stevens. Francesca. Well, 20% is lower than 46, but is still very high.What do we know about this deal. Yeah, that's right. Wel ...

Inflation & Monetary Policy - The ECB believes it is currently in a good place regarding inflation, but there is no room for complacency as risks are two-sided [1] - The ECB's projection indicates that inflation is likely to be below target for 18 months, requiring vigilance to prevent it from becoming persistent [1][2][5] - The ECB is not committed to any particular rate buffer and will make decisions based on data dependency and meeting-by-meeting analysis [3] - The ECB is closely monitoring exchange rate developments, but the exchange rate is not a positive target; the mandate is price stability [5] - The appreciation of the euro has helped in reaching the 2% inflation target, but its persistence could affect the competitiveness of European export industries [6][8] Economic Outlook & Risks - Geopolitical tensions, the trade war, and artificial intelligence are significant factors influencing economic decisions [4] - The trade war's overall result is likely to increase inflation pressures in the US while dampening inflation in Europe due to a more subdued growth outlook [11][12] - The outcome of trade negotiations will impact the trajectory for the eurozone economy [9] Euro as a Reserve Currency - The Eurozone has stronger confidence in Europe and aims to turn this into concrete policy measures to support European industrial competitiveness and productivity growth [13][14] - The euro is already the number two reserve currency in the world and has real chances to become more important, potentially leading to structurally lower interest rates [15][16] - The Eurozone is willing to share some of the "exorbitant burden" of the international reserve currency currently held by the US dollar [16][17]

Welcome back. President Trump is ramping up his pressure campaign on Federal Reserve Chair Jerome Powell, urging him to cut interest rates by a lot. The president's latest demand came in a handwritten letter held up by White House press secretary Caroline Levit at a press briefing yesterday.You see her there. Trump penned a message to Powell in Sharpie on a list of world central bank rates, writing in part, quote, "Jerome, you are as usual too late. You have cost the USA a fortune." The president has repeat ...

China’s manufacturing activity rebounded in June, according to a private survey, suggesting relief after a trade-war truce with the US https://t.co/tCEZq8WkFN ...

Let's get to a move before we get out of here in our AB block today. Um, speaking of a stock that has ridden the market wave, um, MP Materials, Jim Leventhal, um, it's up 50% in a month. It's up 105% in 6 months. It's up 158% in 12 months.And you are selling it. This was my trade war play. Uh, and it played out.I I said when I bought it, this was a strategic play on China, rare earth elements. that story's played out. I think this is a fabulous company.I think that it will do well as a company over the comi ...

China’s factory activity improved for a second month but remained in contraction, as trade rebounds after a truce in the trade war with the US https://t.co/VUU3iCODgf ...