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 ...

Economic Concerns - Consumer confidence is declining, and CEO confidence remains neutral at 49 out of 100 [1][2] - The economy is described as "stuck in neutral," with concerns about potential stagflation (rising inflation and declining GDP) [1][5] - Private jobs reports are also drifting downward, mirroring the expected but unreleased government jobs report [3] Employment Market - While mass layoffs are not currently observed, hiring is also stagnant [2] - The labor market is experiencing a "push-pull" dynamic with 10,000 baby boomers retiring daily (300,000 a month), coupled with the return of approximately 2 million immigrants [4] - Potential government layoffs add further complexity to the employment situation, resulting in overall stasis [4] Trade and Investment - Uncertainty surrounding trade deals and tariffs is causing businesses to hold back on investment, spending, and hiring [2][8] - Executives are unhappy with the current situation, particularly regarding supply chain and tariff uncertainties, which impact cost predictability [7] Market Valuation - The market is considered overvalued, described as being in "nosebleed territory," but lacks viable alternatives [7] - The market's current pricing suggests an expectation of positive resolutions to the tariff situation [6][8]

Time for money, power, politics. Treasury Secretary Scott Bessett warned today that US growth could take a hit. He says because of the government shutdown.Remember, the US economy has been on an upward climb for the last couple of quarters despite growing anxiety about inflation, tariffs, and what's gotten to be a more fragile labor market. Unfortunately, we might not know for some time whether Bessin is right or wrong because the shutdown has triggered an economic data blackout. With me now to discuss, Nat ...

Trade Policy - The European Union intends to double steel import duties to 50% [1] - This action aligns the EU's tariffs with those of the US [1] Industry Impact - The EU's goal is to protect its heavy industry [1]

Government Shutdown & Fiscal Policy - The White House is considering across-the-board layoffs, potentially using the government shutdown as an excuse [1] - The current economic fragility amplifies the impact of government shutdowns [2] - The Republican Party's commitment to shrinking the federal government is questionable, given deferred resignations [3] - The administration's threats of mass firings may be limited by civil service reforms enacted 130 years ago [4][5] Trade & Tariffs - The President has allegedly made several undocumented trade deals with major countries, relying on press releases rather than formal agreements [7] - The Court of International Trade and the D C District Court have challenged the President's authority to impose tariffs [8] - The Supreme Court will hear a case on November 5th that could potentially dismantle the current tariff regime [8] - The bond market's reaction to tariff news has shifted from inflation concerns to deficit reduction needs [10] Deficit & Debt - In 2025, the US is projected to run a $17 trillion deficit, approximately 6% of GDP [11] - Tariffs are claimed to generate $300 billion in revenue in 2026, potentially offsetting tax cuts, but not closing the deficit significantly [12] - The current level of debt is sustainable, but the ongoing deficits are not [13]