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Tariff Turmoil: Affordability crisis pushes Trump admin to rethink economic plan
MSNBC· 2025-11-14 19:33
Joining us now, Henrietta Trees, co-founder and director of economic policy for Veta Partners. Maya Roupert is senior adviser for was senior adviser for the Warren campaign and former campaign manager for Julian Castro. So Henrietta, if the tariff exemptions would go through, what impact could it have on the economy and on Americans wallets.>> Well, first of all, we could finally bring coffee prices back down to where they were in the Biden era, which was 50 percentage points lower than where they are today ...
Trump to Cut Tariffs to Lower Food Prices
Bloomberg Television· 2025-11-14 14:47
COUPON, BE HAPPEN. JONATHAN: 10 YEAR AND 30 YEAR YIELD JUST FALLEN. SURVEILLANCE THIS MORNING, MAKING AMERICA AFFORD AFNLT.AFFORDABILITY THEY CALL IT WAS A CON JOB BY THE DEMOCRATS. WE DID A GREAT JOB ON GROCERIES AND AFFORDABILITY. THE ONLY PROBLEM IS THE FAKE NEWS.YOU PEOPLE DON'T WANT TO REPORT IT. MY ADMINISTRATION AND OUR PARTNERS IN CONGRESS WILL CONTINUE OUR WORK TO LOWER THE COST OF LIVING. RESTORE PUBLIC SAFETY, GROW OUR ECONOMY, AND MAKE AMERICA AFFORDABLE AGAIN.JONATHAN: HERE'S THE LATEST. PRESID ...
U.S. Trade Rep. Jamieson Greer: We've essentially reached a deal with Switzerland
CNBC Television· 2025-11-14 14:33
President Trump has announced frameworks for agreements on reciprocal t trade with El Salvador, Argentina, Ecuador, and Guatemala. Joining us right now on the latest on trade negotiations is United States Trade Representative, Ambassador Jameson Greer. And Ambassador, thank you for being here today.Uh the way it's being boiled down, at least in the headlines, and tell us if this is the right way of seeing this, is that there are going to be uh exemptions to these terri tariff barriers that are there for goo ...
X @Bloomberg
Bloomberg· 2025-11-13 12:57
Manhattan rent prices ticked higher in the month before Zohran Mamdani won New York City’s mayoral election on promises to improve affordability https://t.co/rg3Q8z0vNq ...
It’s not just affordability, Americans are anxious over jobs too
Fortune· 2025-11-13 12:41
Economic Sentiment and Job Market Concerns - Voter frustration over affordability has influenced Democratic wins in recent state and local elections, with growing unease about the job market among Americans [1] - A Harris Poll indicates that 55% of employed Americans are concerned about job loss, coinciding with significant layoff announcements from major companies like Amazon, Target, and Starbucks [2] - The cost of living is a major concern, with 62% of respondents in a recent poll reporting increases in everyday item prices, and nearly half finding these increases difficult to manage [3] Political Responses and Strategies - The Trump administration is attempting to project a positive economic outlook while deflecting blame, similar to strategies used by the Biden administration, but risks losing control of Congress if economic conditions do not improve [4] - Economic advisor Tobin Marcus notes that the Trump administration's economic program does not directly address voters' primary concerns, particularly regarding affordability [6] - Plans are being considered for President Trump to increase domestic travel and speeches focused on cost of living issues, as he has done less compared to previous presidents [7] Economic Indicators and Consumer Sentiment - Consumer sentiment has declined, with a University of Michigan survey indicating it is near record lows, and a Federal Reserve Bank of New York survey showing rising expectations of higher joblessness [11] - Job growth has significantly slowed, with payroll gains dropping from an average of 168,000 per month last year to just 27,000 from May to August [9] - Economic pressures from Trump's tariff policies have contributed to uncertainty among businesses, affecting hiring incentives [9] Future Economic Outlook - The administration is optimistic about future economic improvements, citing potential job gains from investments in artificial intelligence and manufacturing [12] - Treasury Secretary Scott Bessent claims that the return of manufacturing jobs is just beginning, with hiring plans from companies like Boeing [12] - Trump has proposed unconventional ideas, such as $2,000 "dividend" payments to Americans funded by tariff revenue, in response to economic challenges [13]
'He doesn't care about the way this looks.' Trump woos Wall Street amid affordability crisis
MSNBC· 2025-11-13 05:25
It is time for money power politics. And here's something to think about. The Trump administration is making big moves to help big business.And at the same time, they are pulling back on some key things that help everyday Americans. Tonight, the president hosted a dinner for some top Wall Street executives. According to reports, the list includes Jaime Diamond of JP Morgan and two of the biggest names in the private equity industry, Steve Schwarzman and Mark Rowan.This comes after we found out that the IRS ...
White House to host CEOs of J.P. Morgan, Goldman Sachs & others tonight
Youtube· 2025-11-12 17:31
Core Insights - The White House is hosting a dinner with prominent Wall Street leaders, including CEOs from major financial institutions like JP Morgan, NASDAQ, Blackstone, Morgan Stanley, BlackRock, and Goldman Sachs, although details about the agenda remain unclear [2][3] - The dinner occurs amid the president's focus on affordability, with plans to lower tariffs to make products more accessible to Americans, indicating a potential shift in economic policy [3] - Wall Street has been performing well recently, and the CEOs value direct interaction with the president to discuss economic issues, tariffs, and future directions [5][6][7] Group 1 - The dinner is expected to include high-profile financial leaders, but the White House has not disclosed specific details about the event [2] - The president is considering lowering tariffs to enhance product affordability for Americans, which may influence economic conditions [3] - The visibility of the dinner will allow the public to see some interactions between the president and Wall Street executives [4] Group 2 - The banking sector has shown positive performance, possibly linked to the administration's policies, particularly regarding deregulation [5] - Wall Street executives appreciate opportunities for one-on-one discussions with the president to address economic concerns and tariffs [6][7]
White House to host CEOs of J.P. Morgan, Goldman Sachs & others tonight
CNBC Television· 2025-11-12 17:21
Let's turn to the White House as well where the president as Sarah said will expected to host some high profile Wall Street leaders for dinner tonight. For that we'll turn to Aean Javvers. Morning Aan.>> Yeah, good morning to you Carl. We are expecting those heavy hitters here at the White House, but the White House is not really offering any detail on this dinner tonight other than uh that they are hosting it with financial leaders uh from across the economy. uh no no explanation from the White House sort ...
X @Bloomberg
Bloomberg· 2025-11-12 11:08
Employment Concerns - A majority of Americans with jobs are concerned about losing them [1] Economic Hardship - Many Americans report finding it difficult to afford everyday items [1] Data Source - The findings are based on a Harris Poll conducted for Bloomberg News [1]
Trump backpedals as bad economic math triggers widespread outrage
MSNBC· 2025-11-12 06:15
Right now, we know that Donald Trump is going to try to pull any rabbit out of a hat to at least pretend like he is trying to lower costs for the American people. We also know that the key to Donald Trump's heart is through flattery. Preferably flattery that is easy to read.Has lots of pictures and maybe even includes some gold accents if you're like really trying hard. Well, this weekend, Federal Housing Finance Agency Director Bill PY pulled up to Mara Lago with a piece of poster board and a dream to sell ...