Meanwhile, President Trump announcing tariffs for truck imports. In a post on Truth Social, Trump said starting November 1st, all medium and heavy duty trucks coming into the US are going to be hit with a 25% tariff. The White House is using a national security rationale for those levies.President Trump said last month they would protect manufacturers from unfair competition. US Chamber of Commerce has urged Commerce Department not to implement new tariffs. It says the top five importers to the US including ...

For more on the AI trade in the markets overall, let's bring in Osan Kan. He is the newish chief equity strategist at Wells Fargo and he is out with his first ever earnings preview note in that role and is kind enough to come on fast money. Are you sure this is where you should on the new rule.So I guess the debate this bubble or not whatever is happening your models you run through all these thousands of models all the time your models show that earnings may actually be better than many think why yeah so w ...

Brazil’s Lula and Donald Trump spoke Monday, their first major call since the US imposed 50% tariffs https://t.co/S3A2lg1kxM ...

If Trump’s tariffs are ruled illegal, the US may be forced to refund the bulk of the $165 billion in duties collected so far — but the president is unlikely to part with the funds easily https://t.co/LcfDbLVBbK ...

Ultimately the best response to both Donald Trump’s tariffs and cheap Chinese imports is greater integration of the Association of South-East Asian Nations https://t.co/l62QBAHktHIllustration: Lan Truong https://t.co/DCC4uVz26i ...

Many government leaders have had the chance to voice opposition to President Trump’s tariffs inside the White House. The mayor of Pohang, in South Korea, is the rare official who can say he has protested outside it. https://t.co/mZxmavk2Wc ...

Labor Market & Monetary Policy - The labor market is described as "no-hire, no-fire," indicating a frozen state due to economic uncertainty and potential AI impacts [9] - AI could significantly impact employment, with potential for major disruption, but ultimately beneficial [10][11] - Lowering the cost of capital through interest rate cuts could stimulate business borrowing and spending, benefiting the stock market and creating a wealth effect [12] - The Federal Reserve faces the challenge of balancing unemployment and inflation, with concerns about stagflation [13] - AI has the potential to raise productivity, enabling more growth without increased inflation [14] - Cutting interest rates by 200 basis points could lead to inflation [15] Auto Industry & Trade - The auto industry has not benefited significantly from recent policies, as reflected in stock prices [16] - Stop-start policies on electrification and CAFE standards create challenges for long-term capital and product planning in the auto industry [17][18] - Current policies may incentivize the production of larger, less fuel-efficient cars, potentially benefiting from higher profit margins but creating uncertainty due to policy changes [19][20] - Government intervention in the auto industry should focus on externalities like emissions and climate, using tax incentives rather than complex regulations [21][22][23] - The Chinese auto industry's innovation and cost of production pose a significant competitive challenge [25][26] - Even with subsidies, China may be able to produce better, cheaper cars due to exceptional innovation and cost efficiency [28] - China's large domestic market and rapid adoption of EVs position it as a leader in the transition away from internal combustion engines [30]

“With a conservative majority at the court and a tendency to defer to presidents when it comes to emergency declarations,” says @stevenmazie, “I think that the tariffs are going to be upheld.”Listen to “Checks and Balance”" https://t.co/4YJIxxBipt ...

Supreme Court's new term begins on Monday and once again the question of how far Donald Trump can push presidential power is on the docket. On November 5th, the high court will consider the legality of Trump's sweeping tariffs after a lower court ruled he overstepped his authority in imposing most of them. Then in January, the justices will hear arguments concerning Trump's attempt to fire Federal Reserve Governor Lisa Cook.Meanwhile, we are now on day four of a government shutdown and former FBI Director J ...

Ultimately the best response to both Donald Trump’s tariffs and cheap Chinese imports is greater integration of the Association of South-East Asian Nations https://t.co/YnVRXbA6HK ...