Ider Cup is one of the most prestigious and highstakes events in golf, pitting the best players in the United States against Europe, but it's also driving some big business. Joining us with more this morning, Dom Chu in Farmingdale, New York with a special guest. Hey, Dom.Good morning, Carl. So, we are here in Farmingdale, New York at what is known as America's Country Club, Beth Paige and the Black Course. And with me right now is the PG of America CEO, Derek Sprag.And so Derek, this is an unbelievable ven ...

Economic Impact - New York to host three major PGA tournaments [1] - Estimated $500 million boost to Long Island and Rochester [1]

Market Trends & Economic Impact - Israeli stocks experienced a six-day selloff, the longest in 18 months [1] - Investors are increasingly concerned about the economic impact of the war in Gaza [1]

Trade & Tariff Impact - US import tariffs have been in place for almost a month, shifting the focus from uncertainty to the actual cost [1] - The pain of paying the tariffs is now being felt [1]

Economic Impact - The Ryder Cup is expected to generate approximately $200 million in economic impact in New York [1] Event Details - The Ryder Cup is a week-long golf event taking place at the end of the month [1]

Tariffs and Trade Policy Impact - The market adopts a "wait and see" attitude regarding tariff decisions, anticipating months of observation [2] - Elimination of tariffs is expected to have a significant positive impact on the economy [3] - Initial fears regarding the negative impact of tariffs have not fully materialized [4] - The administration has calibrated its tariff response, adjusting initial announcements [5] - Markets anticipate a resolution to trade disputes somewhere between a "taco trade" (Trump backs down) and a "Waco trade" (the world backs down) [8] Economic Soft War and National Security - Markets are not fully internalizing the threat of a "soft war" [9] - National security is increasingly intertwined with economic security [10] - The US economic program aims to strengthen the economy to withstand potential destabilization efforts [10][11] - An economic soft war is ongoing and expected to continue, presenting opportunities for markets if understood [11] Market Misinterpretations - People tend to overemphasize the Trump administration's business practices [7] - Virtue signaling can hinder understanding of future actions [7]

Economic Impact of Neglecting Women's Health - The global economy loses over $1 trillion annually due to lost productivity, absenteeism, and healthcare costs related to women's health [7] - US employers lose over $225 billion annually in healthcare costs, significantly driven by delayed diagnoses and lower quality of care for women [7] - Pharmaceutical companies miss out on billions by having only 4% of their pipelines focused on female-only conditions [8] - Consumer health and technology companies lose hundreds of millions by developing solutions based on male-centric data [9] Systemic Issues in Women's Healthcare - Women's health is often an afterthought, a blind spot ingrained in how healthcare views women [5] - Over 80% of autoimmune disease patients are women, yet nearly all research (92%) is conducted on men [3] - Delays in diagnosing and treating women's health issues lead to significant economic and personal costs [2][3][7] - Traditional tests often overlook biomarkers and hormone fluctuations relevant to women's health [11] Opportunities in Women's Health (Femtech) - Reframing the conversation around women's health presents a significant economic and healthcare opportunity, potentially beyond a $500 billion market [6][10] - Femtech companies are creating innovative solutions designed around the entire life cycle and experiences of women [15] - AI and precision medicine can be used to improve drug development and predict sex-specific drug responses [12] Actions for Improvement - Challenge outdated narratives, question dismissive care, and refuse to downplay symptoms [18] - Policymakers, healthcare leaders, and technologists should ensure comprehensive policies and evaluate product development pipelines [19] - Physicians should advocate for more comprehensive medical training and question outdated diagnostic criteria [19]

Economic Impact of Mass Deportation - Mass deportation negatively impacts industries relying on immigrant labor and could cost up to $280 billion over the next decade [4] - Many Latinos contribute to the economy by working in farming, cleaning, maintenance, construction, and food-related occupations [3] - The deportation affects industries that rely on these people [4] Social and Ethical Concerns - Mass deportation is not just a political issue but impacts the lives of everyday people, families, and communities [13] - Immigrants in the US commit fewer crimes compared to US citizens [3] - The majority of deportations target the Latino community, many of whom have lived in the US for years and contributed to the economy and society [2] Personal Impact - Children of immigrants experience fear and emotional distress due to the threat of deportation [9][10][11] - Mass deportation separates families and disrupts communities [10][12] - Immigrants seek to provide for their families and build a better life through hard work [8]

A recent study showed that by 2034, the annual economic impact of cuts to Medicaid are estimated to result in more than 400,000 jobs lost and $183 billion in reduced economic output. https://t.co/ZPgFhFPA8o ...

Trade Policy & Tariffs - President Trump signed an executive order announcing new tariffs ranging from 10% to 41%, scheduled to take effect on August 7th [1] - Canada was hit with a 35% tariff on imports [2] - Talks with China continue with an August 12th deadline approaching, and a 90-day extension was announced for Mexico [1] - The market is experiencing uncertainty around tariff rates, impacting business investment and hiring decisions [17][20][21] Economic Impact - GDP growth was trending north of 2% before Trump took office and the trade war, but is now around 1% for the first half of the year [9] - The economy is showing signs of slower growth and higher prices, potentially leading to stagflation [10] - Tariffs are being passed through to consumer prices, affecting furniture, toys, apparel, and electronics [14] - Businesses are sitting on their hands in terms of investment and hiring due to uncertainty [20][21] Political Considerations - There is a perception that the economy is doing well, partly because earlier predictions of economic collapse due to tariffs did not materialize [5] - Democrats should focus on how tariffs contradict Trump's promise to lower costs [6] - The chaotic trade war is not resolved and further negotiations are expected [22]